XRP, the digital asset developed by Ripple Labs, has long been recognized for its speed, efficiency, and low transaction costs. Designed with financial institutions in mind, XRP aims to revolutionize cross-border payments by offering near-instant settlements at a fraction of traditional banking fees. While its journey has been marked by regulatory scrutiny, recent developments have strengthened its position in the global crypto market—making now a pivotal moment for Canadian investors to consider adding XRP to their portfolios.
After a prolonged legal battle with the U.S. Securities and Exchange Commission (SEC), Ripple achieved a significant partial victory in 2023, with the court ruling that XRP is not inherently a security when sold to retail investors. This landmark decision has reignited investor confidence and led many previously cautious exchanges to relist XRP. As of mid-2025, XRP continues to trade actively across multiple platforms accessible to Canadians, offering strong liquidity and growing adoption potential.
Where to Buy XRP in Canada in 2025?
For Canadian investors, accessing XRP is easier than ever thanks to a diverse range of compliant and user-friendly cryptocurrency exchanges. These platforms offer secure onboarding, fast deposits via Interac e-Transfer, and seamless trading experiences tailored to both beginners and advanced traders.
Here are some of the best options for buying XRP in Canada:
- Bitbuy – A trusted domestic exchange with strong regulatory compliance
- Bitget – Global platform with advanced trading tools and no-KYC access
- Kucoin – Wide altcoin selection and low trading fees
- Crypto.com – Feature-rich ecosystem with staking and cashback rewards
- Uphold – Multi-asset platform supporting crypto, stocks, and metals
- Gate.io – High liquidity and diverse trading options
These exchanges remain accessible to Canadians despite past regulatory uncertainty, largely because they either operate outside U.S. jurisdiction or have adapted their offerings to comply with local requirements.
Bitbuy: The Safest Choice for Canadian Buyers
Bitbuy stands out as one of the most reputable crypto exchanges in Canada. Following its merger with Coinsmart and CoinSquare, it has become the largest fully regulated trading platform in the country—offering enhanced security, deep liquidity, and seamless CAD funding options.
The platform supports direct purchases of XRP using Interac e-Transfer, wire transfer, or debit/credit card. Notably, Bitbuy has eliminated deposit fees, making it one of the most cost-effective entry points for new buyers. With robust Know Your Customer (KYC) protocols and insurance-backed custodial storage, Bitbuy provides peace of mind for long-term holders.
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Bitget: Fast Access Without KYC
Bitget offers Canadian traders a powerful alternative with global reach. One of its standout features is the ability to begin trading without completing full KYC verification—ideal for users seeking privacy and speed.
To buy XRP on Bitget:
- Deposit fiat using a credit card or P2P marketplace (recommended: purchase USDT first)
- Navigate to “Spot Trading”
- Select the XRP/USDT trading pair
- Place a market order using your available balance
With advanced charting tools, competitive 0.1% trading fees (reducible using BGB tokens), and support for copy trading and bots, Bitget caters well to experienced investors. Its interface closely mirrors Binance, easing the transition for users familiar with major global platforms.
Additionally, Interac e-Transfer through partner services allows commission-free USDT deposits—streamlining the onboarding process significantly.
Uphold: A Secure Multi-Asset Platform
Regulated by the U.S. Financial Crimes Enforcement Network (FinCEN) and approved by FINRA, Uphold maintains full compliance even if XRP is classified as a security. This makes it one of the few platforms authorized to list XRP regardless of evolving regulations.
Beyond cryptocurrency, Uphold enables Canadians to trade U.S. stocks, precious metals, and fiat currencies—all within a single integrated dashboard. Its unique "swap" functionality lets users instantly convert XRP into stocks like Tesla or gold without leaving the app.
With support for 60+ cryptocurrencies and over 50 U.S. equities, Uphold is ideal for diversified portfolios. Users can also set up to 50 simultaneous limit orders without locking capital—a rare feature among retail platforms.
Kucoin: Low Fees, Global Selection
Based in Singapore, Kucoin hosts more than 500 cryptocurrencies, including niche altcoins not found on most Canadian exchanges. While it lacks direct CAD-to-XRP pairs, users can easily bridge this gap by first acquiring USDT through third-party providers.
Once funded, trading XRP is straightforward via the XRP/USDT pair. Kucoin charges only 0.1% per trade and offers advanced order types like stop-limit and trailing stops. Real-time market depth and order book data empower informed decision-making.
Though the interface may feel overwhelming for beginners, educational resources and responsive customer service help smooth the learning curve.
Gate.io: High Liquidity & Innovative Features
Gate.io combines affordability with innovation. Despite being U.S.-incorporated, it operates independently from U.S. regulatory constraints in international markets—including Canada.
Canadians can buy XRP via credit/debit card through Coinify or link a U.S. bank account for larger transfers. The platform supports yield-generating opportunities such as liquidity pools and copy trading, where users mirror strategies of top-performing traders.
With thousands of altcoins and consistently low fees, Gate.io remains a compelling option for active traders focused on value and versatility.
Crypto.com: All-in-One Ecosystem
Crypto.com has rapidly grown into a leading global exchange thanks to its intuitive mobile app, Visa card rewards program, and staking options. Canadians can purchase XRP directly using Interac e-Transfer, credit/debit cards, or wire transfers.
Holders of CRO (Crypto.com’s native token) benefit from reduced fees, higher staking yields (up to 14% APY), and premium card perks like up to 8% cashback on purchases and rebates on streaming services.
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How to Buy XRP in Canada: Step-by-Step
- Choose an Exchange: Select a reputable platform like Bitbuy or Bitget
- Create an Account: Complete registration with email and phone number
- Verify Identity: Submit government ID and selfie (KYC requirement)
- Deposit Funds: Use Interac e-Transfer, bank wire, or credit card
- Buy XRP: Search for XRP/CAD or XRP/USDT pair and place your order
Most transactions settle within minutes, allowing quick entry into the market.
Securing Your XRP Holdings
While exchanges provide convenience, storing large amounts of XRP on any third-party platform carries risk. For long-term security, transfer your holdings to a private wallet such as Ledger Nano X (hardware) or XUMM (mobile). These wallets give you full control over your private keys—protecting against exchange hacks or insolvency.
Selling XRP in Canada
Selling XRP follows the reverse process:
- Transfer XRP from your wallet to an exchange
- Sell XRP for CAD via spot market
- Withdraw funds to your linked bank account
Processing times vary but typically take 1–3 business days depending on the exchange and bank.
Frequently Asked Questions (FAQ)
Can I legally buy XRP in Canada?
Yes, several regulated exchanges now offer XRP to Canadian residents following Ripple’s favorable court rulings.
What’s the easiest way to buy XRP?
Using Bitbuy or Crypto.com with Interac e-Transfer allows instant CAD deposits and quick purchases.
Is XRP a good investment in 2025?
XRP remains a top-tier digital asset with real-world use cases in international payments. Regulatory clarity has improved significantly, enhancing its long-term potential.
How much does it cost to buy XRP?
Prices fluctuate daily; always check live rates on your chosen exchange before purchasing.
Do I need to pay taxes on XRP gains?
Yes, the Canada Revenue Agency (CRA) treats cryptocurrency profits as taxable income—report all trades accordingly.
Can I stake or earn yield on XRP?
Currently, XRP does not support staking, but you can earn interest through select lending programs on platforms like Crypto.com or Uphold.
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