To buy XRP in Canada, use a CSA-registered exchange that lists it, verify your ID, deposit Canadian dollars by Interac e-Transfer and place an XRP order. Coinbase leads my scorecard at 9.8 out of 10, followed by Kraken (9.2), Newton (7.9) and NDAX (7.8), all of which list XRP.
Wealthsimple, Shakepay, Bull Bitcoin and Bitcoin Well are not on this page because I could not confirm that they list XRP. BloFin, BTCC, MEXC and Bitunix list it but are offshore, so read their labels first.
- Coinbase, 9.8: best overall
- Kraken, 9.2: lower fees on Kraken Pro
- Newton, 7.9: simple CAD app, XRP spread 1.50% to 1.60%
- NDAX, 7.8: flat 0.20% fee
- Crypto.com: card and rewards ecosystem
| Exchange | Score | Canadian Status | How You Fund In CAD | Cost On A $500 XRP Buy |
|---|---|---|---|---|
| 1. Coinbase | 9.8 | CSA Restricted Dealer | Interac, EFT (free), card, PayPal | Up to 1.875% Coinbase fee on a simple buy (varies by payment method), about $9.38, plus the spread |
| 2. BloFin | 9.6 | Offshore | None (crypto-funded) | Spot 0.1% each way is $0.50 (base tier) |
| 3. Kraken | 9.2 | CSA Restricted Dealer | Interac (free), wire, debit card | Kraken Pro taker 0.80% is $4.00 (maker 0.40% is $2.00); Instant Buy 1% is $5.00 plus spread |
| 6. Newton | 7.9 | CIRO investment dealer | Interac, EFT, wire (free) | Spread 1.50% to 1.60% (Tier 3, all other assets) is $7.50 to $8.00, no fee |
| 8. NDAX | 7.8 | CIRO dealer member | Interac, wire (free) | Flat 0.20% is $1.00, plus a spread that is not published |
| 9. BTCC | 7.0 | Offshore | Not verified | Spot taker 0.3% is $1.50, maker 0.2% is $1.00 (base tier) |
| 10. MEXC | 7.0 | Offshore | None verified | Maker 0% is $0, taker 0.05% is $0.25 (base tier) |
| 11. Bitunix | Unscored | Offshore | None verified | Maker 0.08% is $0.40, taker 0.10% is $0.50 (base tier) |
| 12. Crypto.com | Unscored | CSA Restricted Dealer | Bank transfer, card (zero-fee deposits) | Advertised as low as 0.08% maker (about $0.40) and 0.18% taker (about $0.90); Canadian app schedule not published |
Part of my guide to how to buy crypto in Canada.
What Is XRP And Why Do Canadians Buy It?
XRP is a cryptocurrency known for its fast and cheap transactions. The company behind it, Ripple, is US-based and aims to make XRP the number one currency used by financial institutions for cross-border transactions. XRP runs on the fast XRP Ledger with extremely low transaction fees, which is why many Canadians believe XRP is a good investment for fast payments.
I am not quoting a live XRP price here, since it would be out of date within hours. Check the order screen of your platform for the current CAD price.
Disclaimer: Our website uses referral links to the crypto exchanges mentioned in the article as a means of monetization. This supports our efforts to provide high-quality, independently researched content for Canadians. Please be assured that our ratings are not influenced by these referral programs and our advice is always in the best interest of our Canadian audience. We appreciate it if you choose to use the in-article links, but the decision is ultimately yours.
Why Did Canadian Exchanges Delist XRP, And Is It Back?
The US Securities and Exchange Commission sued Ripple over XRP, and while the case ran, several Canadian cryptocurrency exchanges delisted XRP because Canadian regulators, led by the Ontario Securities Commission, were cracking down on platforms offering securities. The SEC and Ripple dismissed their respective appeals on August 7, 2025, which ended the US case (according to Wikipedia's Ripple Labs entry). As of October 1, 2026, XRP is on the asset lists of Coinbase, Kraken, Newton, NDAX and Crypto.com, so buying it from a registered Canadian platform is straightforward again.
Where Can I Buy XRP In Canada?
These are the platforms on my scorecard whose asset lists include XRP, in my fixed order. Wealthsimple and Shakepay are left out because I could not confirm XRP on their official pages, and Bull Bitcoin and Bitcoin Well sell Bitcoin only. Bitbuy and Coinsquare are left out because new accounts are being folded into Robinhood.
Coinbase: Best Overall Crypto Exchange In Canada
9.8/10Best for: first-time buyers who want a large, familiar app with Interac funding.
CSA-registered Restricted Dealer in all provinces and territories.
- Cost On A $500 BuyUp to 1.875% Coinbase fee on a simple buy (varies by payment method), about $9.38, plus the spread
- CAD FundingInterac e-Transfer and bank EFT are free to add cash; card and PayPal are also offered for buying.
- Coins200+ assets; XRP is on its asset list
- BonusA banner on coinbase.com/en-ca advertises up to CA$200 for getting started. The qualifying action was not published where we could check it, so read the terms before you count on it.
Pros
- Registered with the CSA as a Restricted Dealer, with a Canada-specific user agreement
- Coinbase says it holds customer assets 1:1 and does not lend them without permission
- Staking for ETH, ADA, SOL, ATOM and XTZ (eligible jurisdictions)
Cons
- Simple buys carry a spread plus a Coinbase fee, and the official Canada disclosure mentions up to 1.875% depending on payment method
- Custodial: Canadian fiat balances are not covered by CIPF or CDIC
- Advanced fee table for Canada could not be confirmed on an official page
BloFin: Best Crypto Derivatives Exchange On My Scorecard
9.6/10Best for: experienced traders who want low spot fees and deep futures markets, and who accept the risk above.
Offshore Not registered with the Canadian Securities Administrators, and its Terms of Use name Canada as a Restricted Location. No Canadian investor protection applies. It suits experienced traders who already hold crypto and accept that they would have no recourse; beginners should start on a registered platform.
- Cost On A $500 BuySpot 0.1% each way is $0.50 (base tier)
- CAD FundingNo CAD funding. BloFin is crypto-funded, and fiat goes through third-party buy providers.
- Coins235 spot base assets; XRP is on its asset list
- BonusGlobal promotions exist, but none applies to Canadians and no live October 2026 campaign was confirmed.
Pros
- Spot fees of 0.1% maker and 0.1% taker at the base tier
- No platform withdrawal fee (network fee only)
Cons
- Canada is named a Restricted Location in its terms
- No CAD deposits and no Canadian regulator to complain to
- Custody, insurance and proof of reserves are not published where we could check
Kraken: Best For Lower Fees And Deeper Coin Choice
9.2/10Best for: buyers who want a wide coin list and lower fees on Kraken Pro once they are past the first purchase.
CSA-registered Restricted Dealer, operated in Canada by Payward Canada Inc.
- Cost On A $500 BuyKraken Pro taker 0.80% is $4.00 (maker 0.40% is $2.00); Instant Buy 1% is $5.00 plus spread
- CAD FundingInterac e-Transfer is free (minimum CAD 5, up to CAD 10,000 per transaction); domestic wire is free; debit card costs CAD 0.25 plus 3.75%.
- CoinsHundreds (no official Canadian count); XRP is on its asset list
- BonusNo sign-up bonus confirmed.
Pros
- Kraken Pro starts at 0.40% maker and 0.80% taker, dropping at higher volume
- Staking is open to Canadians, with exceptions listed on Kraken's own page
- Proof of Reserves snapshot dated 2026-06-30 showed reserve ratios above 100% for BTC, ETH, SOL and XRP
Cons
- Instant Buy costs 1% plus a spread
- Interac withdrawals cost CAD 10
- No margin or derivatives for Canadian clients
- Kraken's Canadian restrictions list bars some tickers
- Kraken's CAD 30,000 rolling 12-month net purchase limit for most clients applies to XRP (it excludes only BTC, ETH, LTC and BCH); check your province on its page
Newton: Best For Simple CAD Buying And Staking
7.9/10Best for: beginners who want a simple CAD app with free Interac, EFT and wire deposits.
CSA-registered CIRO investment dealer member since 2026-03-18 and on the CSA list.
- Cost On A $500 BuySpread 1.50% to 1.60% (Tier 3, all other assets) is $7.50 to $8.00, no fee
- CAD FundingInterac e-Transfer, wire and pre-authorized debit are all free.
- Coins59 CAD pairs; XRP is on its asset list
- BonusReferral: a friend gets a CAD 20 welcome bonus after signing up and trading CAD 100 within 90 days.
Pros
- CIRO investment dealer member since 2026-03-18
- Zero withdrawal fees stated, and Newton covers up to CAD 5 of gas fees on the first withdrawal each day
- Staking shown at up to 4.5% APY on SOL, 2.2% on ADA, 1.5% on ETH (estimates, not guaranteed)
Cons
- Pricing is spread-based: 1.00% to 1.15% on BTC, ETH and USDC, up to 1.60% on other assets
- Smaller coin list than the global exchanges
- Crypto is not covered by CIPF (cash is)
NDAX: Best For A Flat, Low Trading Fee
7.8/10Best for: Canadians who want a flat, published trading fee and free Interac deposits.
CSA-registered CIRO investment dealer member and on the CSA list.
- Cost On A $500 BuyFlat 0.20% is $1.00, plus a spread that is not published
- CAD FundingInterac e-Transfer and wire are free; Interac deposits process within 0 to 30 minutes.
- Coins77 base assets (public API); XRP is on its asset list
- BonusNo sign-up bonus confirmed.
Pros
- Flat 0.20% on every buy and sell, with no tiers
- CIRO dealer member
- Staking is opt-in
Cons
- Interac withdrawals cost CAD 1.50 and bank EFT withdrawals CAD 4.99
- 20% administration fee on staking rewards
- The spread is not published
BTCC: Best For Leveraged Futures Traders
7.0/10Best for: experienced futures traders in provinces BTCC says it serves.
Offshore Not registered with the Canadian Securities Administrators, and no Canadian investor protection applies. BTCC's own guidance lists Ontario and Quebec as restricted jurisdictions, although its Terms of Use page does not name Canada. It suits experienced futures traders who accept that risk.
- Cost On A $500 BuySpot taker 0.3% is $1.50, maker 0.2% is $1.00 (base tier)
- CAD FundingCAD funding could not be verified.
- Coins112 spot assets; XRP is on its asset list
- BonusNo sign-up bonus confirmed.
Pros
- Spot fees of 0.3% taker and 0.2% maker at the base tier
- Futures-focused, with leverage up to 500x on selected contracts
Cons
- Not on the CSA list
- Ontario and Quebec are restricted per BTCC
- Custody, insurance and proof of reserves not confirmed
MEXC: Best For Sheer Coin Variety, With Caveats
7.0/10Best for: experienced traders who want a very large altcoin list and accept the risk above.
Offshore Not registered with the Canadian Securities Administrators, and its User Agreement lists Canada as a prohibited jurisdiction. No Canadian investor protection applies. It suits experienced traders hunting small-cap coins who accept that they would be using it against its own terms.
- Cost On A $500 BuyMaker 0% is $0, taker 0.05% is $0.25 (base tier)
- CAD FundingNo CAD funding verified.
- Coins1,425 spot assets; XRP is on its asset list
- BonusNot applicable to Canadians.
Pros
- 0% maker and 0.05% taker spot fees at the base tier
- 1,425 spot assets on the public API
Cons
- Canada is a prohibited jurisdiction in the User Agreement (updated 29 May 2025)
- No CAD deposits and no Canadian recourse
Bitunix: Futures Exchange, Not Open To Canadians
Best for: derivatives traders who accept the risk above.
Offshore Not registered with the Canadian Securities Administrators, and its restricted regions notice names Canada, including Alberta. It holds foreign MSB registrations with FINTRAC, but that is not the same as being allowed to serve Canadians. It suits derivatives traders outside Canada; a Canadian opening an account would be doing so against its notice.
- Cost On A $500 BuyMaker 0.08% is $0.40, taker 0.10% is $0.50 (base tier)
- CAD FundingNone verified.
- Coins549 spot base assets; XRP is on its asset list
- BonusNot applicable to Canadians.
Pros
- Spot fees of 0.08% maker and 0.10% taker at the base tier
Cons
- Canada, including Alberta, is a prohibited jurisdiction in its own notice
- One of its FINTRAC registrations expired 2026-08-31
- No CAD funding
Crypto.com: Best For The Card And Rewards Ecosystem
Best for: people who want the Crypto.com app and card ecosystem alongside their buying.
CSA-registered Restricted Dealer (Foris DAX CAN ULC), CSA decision of May 8, 2025.
- Cost On A $500 BuyAdvertised as low as 0.08% maker (about $0.40) and 0.18% taker (about $0.90); Canadian app schedule not published
- CAD FundingCrypto.com advertises instant, zero-fee deposits by bank transfer, debit or credit card, or crypto wallet. Other fees and spread may apply.
- CoinsHundreds (Canadian list not published); XRP is on its asset list
- BonusCanada keeps the legacy Welcome Bonus, auto-enrolled after KYC. The amount was not verified on the official page.
Pros
- CSA Restricted Dealer serving Canadians through a Canadian entity
- Canada marketing quotes maker and taker fees as low as 0.08% and 0.18%
Cons
- The Canadian app fee schedule could not be retrieved
- Spread and card fees can apply
- The Exchange venue lists 417 spot base assets, but the Canadian app list is narrower and not published
How Much Does It Cost To Buy $500 Of XRP In Canada?
| Platform | Published Cost On $500 |
|---|---|
| Coinbase | Up to 1.875% Coinbase fee on a simple buy (varies by payment method), about $9.38, plus the spread |
| BloFin | Spot 0.1% each way is $0.50 (base tier) |
| Kraken | Kraken Pro taker 0.80% is $4.00 (maker 0.40% is $2.00); Instant Buy 1% is $5.00 plus spread |
| Newton | Spread 1.50% to 1.60% (Tier 3, all other assets) is $7.50 to $8.00, no fee |
| NDAX | Flat 0.20% is $1.00, plus a spread that is not published |
| BTCC | Spot taker 0.3% is $1.50, maker 0.2% is $1.00 (base tier) |
| MEXC | Maker 0% is $0, taker 0.05% is $0.25 (base tier) |
| Bitunix | Maker 0.08% is $0.40, taker 0.10% is $0.50 (base tier) |
| Crypto.com | Advertised as low as 0.08% maker (about $0.40) and 0.18% taker (about $0.90); Canadian app schedule not published |
Newton prices XRP in its Tier 3 band (all other assets), the highest of its three spread bands. Offshore platforms show lower headline fees, but they cannot take Canadian dollars and Canada is restricted in their terms.
How Do I Buy XRP In Canada Step By Step?
- Pick a platform from the table. Start with a CSA-registered one that funds with Interac.
- Sign up and verify. Upload a government-issued ID and a selfie, and sometimes proof of address. Verification can take up to 24 hours.
- Deposit Canadian dollars. Interac e-Transfer is free on most registered platforms and usually avoids the extra cost of a card.
- Buy XRP. Use a market order for speed or a limit order if you want to name your price. Read the fee preview before you confirm.
- Send long-term holdings to your own wallet. Try a small test transfer first. My best crypto wallets for Canadians list covers the options.
When you send XRP to or from an exchange, copy any destination tag or memo the receiving side asks for, along with the address. Leaving it out can delay or lose a transfer.
How Do I Keep XRP Safe And Secure In Canada?
While XRP is good for fast transactions and cross-border payments, if you plan to hold it for the long term, it is best to move it to a private wallet. It is fine to leave XRP on an exchange if you plan to trade frequently, but if you have a large amount of XRP the safest place is a crypto wallet. I reviewed the safest crypto wallets in a separate guide.
Oleg's takeYes, I keep my XRP off exchanges, on a Trezor Safe 7 and a Tangem card, the same two wallets I use for ETH and SOL.
How Do I Sell XRP In Canada?
To sell XRP in Canada you do the reverse of buying it. Move your XRP from your wallet back to the exchange, click sell, and choose to sell for Canadian dollars. Once you do, the money appears in your fiat wallet and you can transfer it to your bank account. Withdrawal fees and limits differ by platform (Kraken charges CAD 10 for an Interac withdrawal, NDAX CAD 1.50). Read my full guide on how to sell or cash out crypto in Canada.
Do I Pay Tax When I Buy XRP In Canada?
Buying XRP with Canadian dollars is not itself a taxable event. Selling it, swapping it for another coin or spending it can be. The CRA says that, depending on your activities, you may realize business income (or loss) or a capital gain (or loss), and the two are reported differently. Record the date and CAD value of every buy, sale and swap. See my crypto taxation guide and how to report your crypto taxes.
What Changed For Buying XRP In Canada In October 2026?
- The SEC and Ripple dismissed their appeals, ending the US lawsuit that had led several Canadian exchanges to delist XRP.
- Kraken republished its fee schedule, with Pro spot starting at 0.40% maker and 0.80% taker.
- Wealthsimple updated its crypto fee schedule: a flat 0.5% plus a spread, or Active Trader tiers down to 0% with a 0% spread, plus CAD 1 on orders under CAD 100.
- Robinhood closed its WonderFi acquisition, and Coinsquare customers are being moved in phases to the Robinhood app.
- The CSA issued an amended decision for Coinbase Canada Inc.
- Newton was admitted to CIRO as an investment dealer.
Frequently Asked Questions
Can You Buy XRP In Canada?
Yes. Coinbase, Kraken, Newton, NDAX and Crypto.com all serve Canadians and list XRP as of October 1, 2026. Several Canadian platforms delisted it while the US lawsuit was running.
What Is The Best Way And Place To Buy XRP In Canada?
Use a CSA-registered exchange and fund with Interac e-Transfer. On my scorecard Coinbase ranks first at 9.8 out of 10, followed by Kraken, Newton and NDAX. Cards work on some platforms but cost more.
How To Trade XRP In Canada?
On any exchange that lists XRP, find the trade or swap button and you will see the pairs available. Each swap can be a taxable event in Canada.
What Is The XRP Price In CAD?
The price changes constantly, so a number printed here would be stale. Check the live CAD price on the exchange you plan to use, and compare it with the final quote on the order screen, which includes the platform's fee or spread.
Is XRP A Good Investment For Canadians?
All cryptocurrency investments are risky. XRP has been around for a long time and Ripple is trying to make it the currency financial institutions use for cross-border payments, which no other major cryptocurrency focuses on in the same way. It is fast, almost free to use, and has a large, vocal fanbase. None of that is a guarantee of returns.
Why Did Canadian Exchanges Delist XRP?
While the SEC's lawsuit against Ripple was running, Canadian regulators were cracking down on platforms offering securities, and several exchanges chose to delist XRP. The SEC and Ripple dismissed their appeals on August 7, 2025, and the major registered platforms now list it again.
Is Coinbase Legal In Canada?
Yes. Coinbase Canada Inc. is registered with the CSA as a Restricted Dealer in all provinces and territories, under a decision of April 3, 2024 that was amended on April 1, 2026.
I want to know why you didn’t mention NDAX from Canada because I bought my XRP, HBAR and my GRT there. If NDAX is not good or a scam, I will withdraw
NDAX is legit, this article needs to be updated for 2025.
I had a Bitbuy account but Bitbuy apparently has been sold to Robinhood. There is a small amount of cash remaining in that account which I would like to recover. The crypto portion is in XRP and XLM and is stored on a (remote) wallet. I would like to invest more in these two funds and maybe a few others but with Bitbuy gone, I dont know how to reclaim my cash and I am looking for another exchange to buy more crypto, Do I have to transfer my account to a new exchange in order to add to it?