How to buy XRP (XRP) in Canada

With a market cap of $115,876,722,081.00 USD, XRP ranks as the 5^th largest cryptocurrency by market capitalization in the world. It is currently trading at a price of $1.90 USD per coin and trades using the cryptocurrency code XRP.

XRP is a highly volatile asset capable of major price swings in a single day. So before you buy XRP, make sure you understand these unique risks as well as its tax and legal status in Canada.

If you want to buy XRP in Canada or track its performance, keep reading to see the latest XRP price, market cap and trading volume along with a step-by-step guide on how to invest in XRP crypto in Canada.

XRP (XRP) summary

Current price	$1.90
All-time high	$3.65
All-time low	$0.0027
1-year price change	▼ -39.85%
Market cap	$115.88B
Market cap rank	#5
Total volume (24h)	$2.39B
Circulating supply	60,853,233,336
Max supply	100,000,000,000
Where to buy XRP	Buy on Kraken

All monetary values in this table are in USD and were last updated on January 28, 2026.

How to buy XRP in 5 steps

The whole process of buying XRP can take as little as 15 minutes, and all you need is a smartphone or computer, an internet connection, photo identification and a means of payment. Follow these five steps to learn how to buy XRP in Canada:

1. Compare crypto exchanges

   The easiest way to buy XRP is through a cryptocurrency exchange. Choose an exchange that offers low fees, a user-friendly platform or 24-hour customer support. You can easily see top picks in our guide to the best crypto exchanges in Canada, or compare options below.

2. Create an account

   To create an account on an exchange, you will need to provide an email address, come up with a strong password and verify your identity through a process called KYC, which requires government-issued photo ID.

3. Make a deposit

   Once verified, you can deposit CAD using the payment method that best suits you. Common methods like Interac e-Transfer, bank wire and debit card payments are widely accepted on Canadian-friendly exchanges.

4. Buy XRP

   You can now exchange your funds for XRP. On beginner-friendly exchanges, this is as simple as searching for the coin name (XRP) or its crypto code (XRP), entering the CAD or XRP amount you want to purchase and clicking "Buy."

5. Secure your XRP

   Consider transferring your XRP to help protect against hacks, scams, platforms going bankrupt and other risks of keeping crypto on an exchange.

Dive deeper: Our guide to how to trade crypto

Where to buy XRP in Canada

We've curated a list of legitimate crypto exchanges below where you can buy XRP in Canada to help you compare deposit methods, supported fiat currencies and fees.

XRP price

The recent XRP (XRP) price is $1.90 USD per coin, which is -0.04% lower than the previous day's trading price of $1.90 USD. Over the past 30 days, XRP's price has changed by +2.04%, from $1.86 USD to the current price of $1.90 USD. Compared to this time last year, XRP's price has seen a decrease of -39.85% to its value as a cryptocurrency.

What is XRP's all-time high?

XRP reached its all-time high of $3.65 USD on July 18, 2025, which was a +135,779.18% increase from its previous all-time low of $0.0027 USD, which it reached on May 22, 2014. It has since landed at its current price of $1.90 USD.

Historical XRP price chart

You can use this chart to track XRP price performance over time.

Can I buy XRP in Canada?

Yes, you can buy XRP in Canada. Simply open an account with a crypto exchange that operates in Canada and supports XRP—like the ones in our curated list above—and place a "buy" order. For example, Kraken supports XRP and is a registered crypto exchange in Canada.

Because XRP is decentralized, it isn't tied to any single country. That means you can buy and sell it from anywhere in the world, including Canada, as long as you have internet access.

What is XRP?

XRP (XRP) was launched in 2012 by David Schwartz, Jed McCaleb and Arthur Britto. It was designed as a digital payment network to reduce the cost of international payments.

The XRP Ledger is an open-source and peer-to-peer decentralized payment gateway that aims to provide "utility for the new global economy". XRP is an asset on this network and is used by the company Ripple for cross-border settlements.

It acts as an infrastructure layer that supports low-cost, borderless transactions and allows for transferring money and cryptocurrency.

Unlike other cryptos such as BTC and ETH where new blocks are generated via mining or staking, XRP pre-mined 100 billion tokens at its launch.

These tokens were distributed to individuals and companies – which has called into question how decentralized XRP truly is – as a large majority are held by just a few entities.

Dive deeper: Read our beginner's guide to how XRP works

What will I need to buy XRP?

To create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not CAD.

If you want to buy XRP with Canadian dollars, you'll need to pass a Know Your Customer (KYC) check.

This is a standard security procedure for most exchanges in Canada and requires you to upload government-issued photo ID, and, in some cases, a selfie with today's date.

KYC is usually approved instantly, but in rare cases, you may have to wait a few hours or days.

Can I buy XRP with a credit card?

Several crypto exchanges in Canada accept credit cards as an instant purchase method. However, before buying XRP with a credit card, you should be aware of the additional cost and risks involved.

For instance, credit card fees are usually higher than bank transfers or e‑Transfers. Some card issuers may even block cryptocurrency transactions or treat them as cash advances, which are more expensive. Plus, if you don't pay off your credit card within your statement period, you may end up paying interest on your card balance and losing money if the price moves quickly.

For example, if you were to use a credit card to buy XRP, you could end up paying this:

• Price of XRP: $1.90 USD
• Purchase amount: 5 XRP
• Estimated exchange fee (3%): $0.28 USD
• Total cost: $9.79 USD

If it took you three months to pay off your XRP purchase at a credit card interest rate of 19.99% APR, you would pay an additional $0.49 USD in interest on top of what you originally paid to buy XRP.

This example can help you compare the relative cost of buying XRP with a credit card versus other lower‑fee methods like Interac e-Transfers.

You can check the table of Canadian crypto exchanges above to see which ones accept credit cards for buying XRP, or visit our guide on buying crypto with a credit card for more details.

Can I buy XRP with a debit card?

Yes, it is possible to buy XRP with a debit card, as most Canadian crypto exchanges accept debit cards as an instant payment method.

To buy XRP with a debit card, you'll typically need to go through the standard steps to purchase crypto on your preferred platform and then select debit from the list of payment options (e.g. Interac e-Transfer, debit card, credit card) before completing your purchase.

Just note that there are often higher fees for crypto purchases with cards (both debit and credit) compared to paying with Interac e-Transfer or with another cryptocurrency.

Where could XRP's price be heading?

Finder's panel expects the XRP price to trade as high as $0.90 by the end of December 2022 from the current price of $0.53. However, should XRP lose its case with the SEC the panel expects its value to drop to $0.24. Unfortunately for investors, we won't know the outcome of the case until 2023.

Looking further down the road, the panel estimates XRP's value to hit $3.81 by the end of 2025 if XRP wins the lawsuit or $0.98 if it doesn't win.

• If XRP wins SEC case
• If XRP loses SEC case

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Is buying XRP crypto a good investment?

Like any cryptocurrency, buying XRP can be risky. But there are precautions you can take to help mitigate risk. Consider these general factors before investing in XRP:

• Price volatility: XRP's price is largely based on speculation, meaning it can rise or fall quickly. For example, XRP's price has decreased by -2.54% in just the last seven days.

• Transactions can't be reversed: Once you submit a transaction to the crypto network, it can't be cancelled or reversed. Double-check the receiving address before submitting a XRP purchase order or moving XRP off an exchange. One good way to do this is to verify the first and last four digits of the wallet address before sending. There is no way to refund XRP sent to the wrong address.

• Regulatory uncertainty: The regulatory environment for XRP and other cryptocurrencies is constantly changing. It's important to understand how international rulings have the potential to impact XRP's future—for better or worse.

Dive deeper: Learn about common crypto scams and legit exchanges in Canada

Where to store your XRP once you buy it

There are two main options for storing XRP once you've bought it—keep it on an exchange or store it in your own personal wallet. Take a look at our guide to the best crypto wallets in Canada to see our top picks.

While it can be more convenient to leave your XRP on an exchange, you're vulnerable to risk if the exchange gets hacked or compromised in another way.

It's generally much safer to store your crypto on a software or hardware wallet, which gives you full control and custody of your coins.

How is XRP taxed in Canada?

Like all crypto, XRP is considered a commodity for tax purposes by the Canada Revenue Agency (CRA). That means it will be taxed similarly to other investments like stocks and ETFs.

Money you get from selling XRP can be treated as income or capital gains. That said, the CRA will tax crypto profits differently if you're a casual XRP buyer than if your crypto profits are classified as business income.

You can learn more about how crypto taxes work in our guide to crypto tax in Canada.

Bottom line

Keep in mind that buying XRP can be risky. But if you decide to invest in XRP, look for a regulated crypto exchange in Canada that supports XRP, and make sure to store your crypto securely.

Once you've bought XRP, think about your short and long-term goals. Crypto markets can be very volatile, so keep an eye on XRP's price over time to decide whether to keep it on an exchange, sell it or move it to your wallet.

Frequently asked questions about buying XRP in Canada

• How do I buy XRP instantly?

  You can quickly purchase XRP on trading platforms like Kraken or Paybis. If you already have a funded account with an exchange like this, then you can buy XRP instantly.

  Otherwise, many crypto exchanges also offer an "instant buy" feature using a credit card. However, be warned that this comes with higher fees and other added risks. Use our list of exchanges to look for a platform that offers various types of deposits to get started.

• What is XRP worth today?

  XRP is currently worth $1.90 USD today. For some context, it was worth -39.85% less a year ago.

• How are crypto exchanges regulated in Canada?

  Crypto exchanges operating in Canada are required to register with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). This agency safeguards the Canadian financial system by working to prevent money laundering, terrorist financing, and other financial crimes.

  Many crypto trading platforms in Canada have taken the added step of registering with the Canadian Securities Administrators (CSA), which creates and enforces policies designed to help protect investors from unfair and fraudulent market activity.

  Exchanges that are registered with the CSA and FINTRAC are:

  • Subject to federal regulation and laws
  • More likely to offer regional customer support
  • More likely to support CAD transactions and local payment methods like EFTs and bank transfers