If you're a Canadian investor looking to buy XRP in 2025, you're in the right place. With over eight years of hands-on experience navigating the Canadian crypto landscape since 2016—and thousands of subscribers tuning into my insights—this guide distills everything you need to know about purchasing XRP securely, efficiently, and cost-effectively.
Whether you're new to digital assets or a seasoned trader, we’ll walk through the top 13 platforms available to Canadians, compare fees, security measures, deposit methods, and regulatory compliance—all while keeping your goals and safety in mind.
Why Buy XRP?
XRP isn’t just another cryptocurrency. Developed by Ripple Labs, XRP powers one of the fastest and most efficient cross-border payment systems in the world. Financial institutions and banks globally use RippleNet to settle international transactions in seconds, with minimal fees—making XRP an attractive asset for both speculative investors and those interested in real-world blockchain utility.
As of mid-2025, XRP remains among the top digital assets by market capitalization, trading around $2.54 CAD. Its potential for staking rewards (on supported platforms), fast transaction speeds, and growing institutional interest continue to draw Canadian investors from Vancouver to Halifax.
👉 Discover how XRP fits into a diversified crypto portfolio with low-cost trading options.
Note: Cryptocurrency investments carry inherent risks due to market volatility. Always conduct independent research and only invest what you can afford to lose.
Where to Buy XRP in Canada in 2025
Here are the 13 most trusted and functional ways for Canadians to buy XRP in 2025, ranked based on security, fees, ease of use, and regulatory standing.
1. Bitbuy – The Safest Regulated Exchange
Bitbuy stands out as one of the most secure, fully regulated Canadian exchanges. Registered with FINTRAC, CIRO, and OSC, it adheres to strict anti-money laundering (AML) and know-your-customer (KYC) standards.
- Security: 90% cold storage, two-factor authentication (2FA), third-party audits, and insurance coverage up to $1 million CAD per account.
- Fees: Flat 0.50% trading fee; reduced to 0.10% maker / 0.20% taker on Pro Trade.
- Deposit Methods: Interac e-Transfer (free), wire transfer, crypto deposits.
- Supported Coins: 50+ cryptocurrencies including XRP.
To get started:
- Sign up and complete KYC (government ID + selfie + proof of address).
- Deposit CAD via Interac e-Transfer.
- Navigate to the XRP trading pair and place your order.
Bitbuy is ideal for long-term holders who prioritize safety over low fees.
2. NDAX – Balanced Fees & Strong Security
NDAX offers a compelling mix of low costs and high security, making it a favorite among intermediate traders.
- Regulation: Registered with FINTRAC and AMF; holds SOC2 Type II certification.
- Security: 95% cold storage, multi-signature wallets, 2FA.
- Fees: Flat 0.2% trading fee for XRP; free deposits; small withdrawal fees.
- Supported Coins: 35+ cryptos including XRP.
NDAX supports Interac e-Transfer, EFT, and crypto deposits—perfect for seamless onboarding.
3. Coinbase – Best for Beginners
Coinbase Canada is renowned for its intuitive interface and strong compliance framework.
- Regulation: Operates as a Restricted Dealer under Canadian Securities Administrators (CSA).
- Security: 98% cold storage, 2FA, insurance for USD balances up to $250,000.
- Fees: Spread-based pricing (~0.5%), higher card fees (3.99%), free bank transfers.
- Supported Coins: Over 200, including XRP.
With a user-friendly mobile app and integration with tax tools like Koinly, Coinbase is excellent for first-time buyers.
👉 Start your crypto journey with a platform that simplifies buying XRP securely.
4. Bitget – Global Access with Low Fees
Bitget is a major global exchange offering advanced trading features and ultra-low fees—but not directly available in Ontario or Alberta.
- Licensing: Holds MSB licenses in Canada (outside restricted provinces), the U.S., and Australia.
- Security: $300M in cold storage, monthly Proof of Reserves audits, 2FA.
- Fees: 0.1% spot fee (reducible to 0.08% with BGB token); futures at 0.02% maker / 0.06% taker.
- Deposit Process: Use Canadian exchanges like Coinbase to buy USDC → transfer to Bitget → trade for XRP.
Ideal for active traders seeking access to over 800 coins.
5. Bitunix – Privacy-Focused Trading
For users valuing anonymity, Bitunix allows trading without mandatory KYC for basic accounts.
- Licenses: MSB in Canada and the U.S., VASP in the Philippines.
- Security: Cold storage, reserve fund exceeding user holdings, regular audits.
- Fees: 0.10% taker fee for spot XRP trades; lower for futures.
- Limits: Up to 500,000 USDT/day without ID verification.
No fiat deposits—only crypto transfers—but ideal for privacy-conscious Canadians.
6. MEXC – Lowest Fees & Largest Selection
MEXC offers some of the lowest fees globally (as low as 0.01% taker) and supports over 2,900 cryptocurrencies.
- Note: Not officially available in Canada; many users access via VPN at their own risk.
- Security: Licensed in Estonia and the U.S., Proof of Reserves, 98% cold storage.
- Fees: 0% maker / 0.1% taker on spot; no deposit fees.
- No KYC required for basic trading.
Highly recommended for experienced users comfortable with indirect onboarding through crypto transfers.
7. Uphold – Trade Crypto & Precious Metals
Uphold stands out by allowing users to trade both digital assets and physical commodities like gold and silver.
- Regulation: MSB registered in Canada; compliant with MiFID II in Europe.
- Fees: Spread-based (~0.5%–1.5%) on XRP trades.
- Features: Self-custody wallet, multi-asset trading.
A solid choice for diversified portfolios.
8. Newton – Zero Trading Fees Model
Newton earns via spread rather than direct fees—great for small investors.
- Regulation: Restricted Dealer with CSA; FINTRAC registered.
- Security: 95% cold storage, daily backups, 2FA.
- Fees: Spread of ~0.5%–1%; free deposits and withdrawals (excluding network fees).
- Supported Coins: 70+, including XRP.
Interac e-Transfer makes funding quick and easy.
9. Kraken – Low-Cost Global Platform
Kraken Canada is fully compliant and offers competitive pricing.
- Regulation: FINTRAC MSB registration; pre-registered with OSC.
- Security: Cold storage, independent audits, 2FA.
- Fees: Pro tier at 0.16% maker / 0.26% taker (volume discounts apply).
- Deposit Fee: 0.5% for Interac e-Transfer.
Best for traders who want advanced tools and transparency.
10. KuCoin – High Volume & Advanced Tools
Though not officially licensed in Canada (banned in Ontario), KuCoin remains popular due to its extensive coin selection and low fees.
- Security Features: Proof of Reserves, cold storage, asset security fund.
- Fees: 0.1% spot fee; reducible with KCS token.
- Access: Existing users or those using VPNs may still trade.
Use cautiously and understand the regulatory risks involved.
11. Wealthsimple Crypto – All-in-One Investing
Wealthsimple is the only Canadian platform combining stock and crypto trading under one roof.
- Regulation: Operates under CSA’s Regulatory Sandbox; assets stored with Gemini.
- Security: Cold storage (90%), insurance via CoinCover.
- Fees: High spreads (1.5%–2%) on XRP trades.
- Best For: Investors who prefer simplicity over cost-efficiency.
12. Coinsquare – Trusted Custodial Exchange
Coinsquare has significantly improved post-WonderFi merger and is now CIRO-regulated—a major trust signal.
- Security: 97.5% cold storage; CIPF-insured cash up to $1M.
- Fees: QuickTrade spread at 0.5%; Pro Trade at 0.2%/0.4%.
- User Experience: Clean interface, strong customer support.
A reliable option for long-term investors.
13. Netcoins – Higher Fees, Lower Value
Netcoins offers basic functionality but charges relatively high fees (0.5%) with limited advantages over competitors.
While safe (FINTRAC registered), better alternatives exist for most users.
How to Keep Your XRP Safe
Leaving XRP on exchanges exposes you to counterparty risk. For long-term holding:
- Transfer XRP to a non-custodial wallet such as Ledger (hardware) or Trust Wallet (software).
- Always back up your seed phrase offline—never store it digitally.
- Only use wallets that support the XRP Ledger (XRPL).
Cold storage drastically reduces exposure to hacks and platform failures.
How to Sell XRP in Canada
Selling XRP follows a reverse process:
- Transfer XRP to a supported exchange (e.g., Newton, Coinsquare).
- Use the "Sell" function to convert XRP to CAD.
- Withdraw funds via Interac e-Transfer or EFT.
On non-fiat exchanges like Bitget or KuCoin: swap XRP → BTC/ETH → transfer → sell for CAD on regulated platforms.
Frequently Asked Questions (FAQs)
Can I legally buy XRP in Canada?
Yes—XRP is available on numerous regulated Canadian exchanges including Newton, Bitbuy, Coinbase, and Coinsquare.
What is the cheapest way to buy XRP?
MEXC offers the lowest fees (down to 0.01%), followed by NDAX (flat 0.2%) and Kraken Pro.
Do I need ID to buy XRP?
Most regulated platforms require KYC verification (ID + proof of address). Platforms like MEXC or Bitunix allow limited trading without ID.
Can I stake XRP in Canada?
Yes—some platforms offer staking rewards for holding XRP, though availability varies by exchange.
Is XRP a good investment in 2025?
XRP’s utility in global payments gives it long-term potential, but price volatility means it should be part of a balanced portfolio.
Which exchange has the fastest CAD deposits?
Interac e-Transfer on Bitbuy, Newton, or NDAX typically processes within minutes.
By understanding your priorities—security, cost, ease of use—you can choose the best method to buy XRP in Canada in 2025. Whether you value regulatory compliance or global access with low fees, there’s an option tailored to your needs.
👉 Compare real-time prices and start trading XRP with confidence today.
Stay informed, stay secure, and happy trading!