How to Buy XRP

Netcoins is the easiest, most trusted way to buy XRP in Canada.

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XRP helps the banking industry move money around the world quickly and easily.

 

Often times people use the words Ripple and XRP interchangeably. However, Ripple is the company behind the cryptocurrency, XRP. The company wants to help banks (and other financial institutions) move money faster, easily, and with less fees instead of helping people buy goods and services. You can think of them as trying to bridge traditional banking with cryptocurrencies.

Unlike bitcoin, XRP are not mined. Instead they are held by Ripple. The company created 100 billion XRP at the beginning of its inception, eventually selling them every month to raise funds. The smallest unit of XRP is called a drop with 1 XRP equalling 1 million drops. 

Buy XRP in 3 steps

Create an Account

Provide some personal details and get verified in minutes through our automated KYC process. 

Fund (No Fees)

Fund your account with a cryptocurrency deposit, Interac e-Transfer, online bill payment or bank wire transfer.

Start Trading

Buy and sell as little as $10, or up to $10 million with no slippage due to our deep liquidity.

Why Netcoins?

Rapid Transaction Times

0% Funding Fees
Free Cash Withdrawals

Fund and withdraw quickly. Buy and sell instantly. Get your money or crypto in and out easily.

Fast Verification

Get verified at lightning speed with our automated KYC process. Get help from our support agents if needed.

Top Rated Support

Our support team is available over email, phone, and live chat to answer all your questions clearly and quickly.

Government Regulated

Netcoins is a registered MSB with FINTRAC. We're also fully regulated and registered with the Canadian Securities Administrators (CSA) and BCSC.

SAFETY FOCUSED

Netcoins leverages blockchain analytic and forensic tools BitRank & QLUE as an additional safeguard.

Publicly Traded Company

CSE: BIGG
OTCQX: BBKCF
WKN: A2PS9W

Netcoins is owned by the publicly traded BIGG Digital Assets. Being public offers an extra layer of safety and transparency to our users.

How much XRP can I buy?

You don’t need to buy a lot of XRP to get started!

You can buy fractions of an XRP. In fact, the smallest possible unit of XRP is called a drop and is equivalent to 0.000001 XRP (6 decimal places). Put another way, 1 XRP = 1 million drops. Many beginners start their XRP journey by accumulating small amounts of XRP.

You can start as small as $10, or invest up to $10 million with Netcoins.

Why buy XRP?

The team behind Ripple represent a for-profit venture. Ripple’s mandate is to make processing and transferring large volumes of money between central banks cheaper and faster in a way that traditional technology can’t.

The value of the XRP token goes up because central banks doing business together on the Ripple blockchain need to spend tokens in order to complete transfers. Those tokens are burned once they are used, so the supply of XRP tokens decreases over time and increases the value of the remaining XRP tokens.

Some XRP Wallets:

Ledger Nano S
Abra Wallet
Atomic Wallet
Rippex

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Centralized

The fact Ripple is a privately held company means it’s a for-profit business. They have a built-in incentive to make the value of the XRP token go up. This means that everybody wins.

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Liquidity

Ripple’s blockchain sees billions of dollars in volume trading hands each day. High volumes of liquidity makes it easier to enter and exit positions involving XRP tokens.

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Serving Banks

Ripple facilitates large-volume transactions for central banks across the world. If the project succeeds in the long-term, token holders will also get a cut of that value.

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Cheaper Price

Full XRP tokens can be had for mere pennies. This means investors can enjoy the feeling of owning an entire token (or many of them) rather than just a fraction of one.

Frequently Asked Questions

Why buy XRP?

XRP is a great way for investors to diversify their cryptocurrency portfolio by having a mix of centralized (XRP) and decentralized (bitcoin) assets.

People invest in XRP for three main reasons:

  1. Ripple is a for-profit business with an incentive to increase the value of XRP
  2. Gives exposure to blockchain technology while staying in the traditionally centralized world of finance
  3. Offers cheaper fees

Some investors view Ripple as a perfect happy medium between investing in riskier projects that don’t have a true leader (because a community of programmers decides what happens next) and a project that at least in part functions like a proper company.

Are there any risks involved if i buy xrp?

All forms of investments carry with them an inherent level of risk so you should never invest more than you’re willing or ready to lose.

Cryptocurrencies like XRP are known to be volatile and the price fluctuates quite a bit on a day to day basis. What’s important to understand as well is to zoom out and look at the bigger picture.

If you do buy XRP, also remember to properly secure your account with Two Factor Authentication and follow security best practices!

How much xrp should i buy?

A common misconception is that you have to buy 1 entire XRP, but you can actually buy fractions of XRP. You can start off with as little as $10, or invest a certain % of your wealth.

When investing in cryptocurrencies, many beginners start off by dollar cost averaging in, which is the practice of putting in a set amount of money towards XRP in regular intervals (for example $10 every month).

Why is KYC (Verification) required?
As a Money Service Business (MSB) registered with FINTRAC, we are required to have a Know-Your-Customer (KYC) process and compliance program in place.

KYC is a process that allows us to verify the identity of our customers, as per Canadian regulations.

What do I need to provide for your verification process?

You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process.

If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business in Canada.

How can I fund my account?

Your Netcoins account can be funded with a cryptocurrency deposit, Interac e-Transfer, online bill payment, or a bank wire transfer. There are no funding fees imposed by us.

Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy XRP in Canada.

Can I send my crypto to an external wallet?

Yes, you can either keep a crypto balance within your Netcoins account or withdraw it into your own external wallet. While FIAT withdrawals are free, there is a small withdrawal fee associated with crypto withdrawals.