Why buy XRP with Kraken in Canada?

About XRP

What can you do with XRP?

Swap XRP for other assets

Learn more about XRP

1. How does XRP work?

   Unlike traditional currencies, XRP is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining XRP. This decentralization means the holders and users of XRP can help to maintain the network.

   ---

2. Where can I buy XRP?

   Most find that the easiest and most secure way to purchase XRP is through a reliable cryptocurrency platform like Kraken. While XRP can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like XRP.

   ---

3. How much does 1 XRP cost?

   At the current market rate, it costs $3.29 to purchase one XRP. Kraken makes it easy to buy & sell XRP with confidence.

   ---

4. Can I buy $100 worth of XRP?

   Yes, Kraken offers a secure and easy to buy $100 worth of XRP. At its current price, $100 equals 30.4 XRP.

   ---

5. Is it safe to buy XRP?

   Kraken employs advanced security measures, including encryption and account protection, to ensure your XRP purchase is secure. However, while Kraken provides a secure platform, market volatility can still affect your XRP investment. You should do your own research on XRP price before buying.

   ---

6. Is XRP available to buy and sell in Canada?
   

   
   Yes, XRP is available to buy and sell on Kraken platform in Canada.
   

   ---

7. Is XRP a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, XRP may be a worthwhile purchase.

   ---

8. Can I purchase XRP using Canadian dollars (CAD)?
   

   Kraken supports six different government-issued fiat currencies including Canadian Dollar. All supported government-issues currencies are:
   

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

   ---

9. How much is XRP transaction fee?

   Kraken offers competitive fees for XRP transactions, which are influenced by the trading amount and payment type. Learn more about Kraken’s fee structure.

   ---

10. What is the minimum amount of XRP I can buy?

    
    You can buy as little as CA$10 worth of XRP on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of XRP regularly.
    

    ---

11. How to buy XRP with PayPal?

    To buy XRP with PayPal on Kraken, deposit funds by selecting "Deposit" on your account homepage. Choose an asset like XRP, select PayPal as the method and connect your PayPal account if needed. Enter the deposit amount, confirm, and once funds are added, use them to purchase XRP.

    ---

12. How to buy XRP with a debit card?

    You can buy XRP using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.

    ---

13. How to buy XRP with a credit card?

    To buy XRP using a credit card, navigate to the "Buy Crypto" section, add your card details and follow the steps to finalize the transaction. Debit & credit card purchases are available to Kraken users with Intermediate or Pro level verified accounts and residence in a supported country. Kraken accepts Visa or Mastercard that support 3D Secure (3DS) which is in the same legal name as your Kraken account.

    ---

14. How to buy XRP with other cryptocurrencies?

    Kraken makes it easy to buy XRP using other cryptocurrencies. If the direct trading pair is not available, you can use Kraken's Convert feature to seamlessly swap any listed crypto for XRP. Browse the XRP markets available on Kraken or use the Convert tool to trade between hundreds of cryptocurrencies quickly and easily. For a complete list of trading pairs, visit the Kraken support center.

    ---

15. Can I transfer XRP from Kraken to my crypto wallet?

    Yes, the XRP you buy on Kraken is yours. Kraken makes it easy to withdraw your XRP to any hot wallet or cold wallet that supports XRP. Simply enter the external wallet address and your XRP will be in your wallet a few moments later.

    ---

16. Is it safe to keep XRP on Kraken?

    We take every measure possible to keep the XRP you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your XRP. Learn more about our globally-recognized security standards.

    ---

17. What is the current circulating supply of XRP?

    The current circulating supply of XRP is 58,089,066,093 XRP.

    ---

18. How to Fund Your Account via Interac e-Transfer?

    To fund your account via Interac e-Transfer, you’ll need to initiate a deposit request via the app which will seamlessly guide you through the steps to access and approve using your bank of choice.

    Follow these steps to start your crypto journey:

    1. Log into your Kraken Account and select the ‘Portfolio’ tab. Here you’ll be able to see the aggregate and individual value of your holdings. 

    2. Select ‘Deposit’ and then ‘Canadian Dollar’ under the ‘Cash’/’Asset’ option.

    3. Choose “Interac e-Transfer” as your deposit method.

    4. Enter the amount you would like to deposit. Kraken allows up to C$ 10,000.00 per Interac e-Transfer, however, your banking limits may differ. Select ‘Review’.

    5. Confirm the deposit details, including your email address and Kraken account name. If correct, swipe to proceed.

    6. You'll be redirected to Interac's financial institution page. Select your bank.

    7. Approve the deposit through your bank's app or website.

    Your funds will be available within minutes, ready for you to start trading crypto.

    ---

19. How to buy XRP with a debit card in Canada?

    You can buy XRP using a debit card in certain regions on Kraken. Learn more about our Supported currencies and payment methods.

    ---

20. How to buy XRP with a credit card in Canada?

    To buy XRP using a Canadian-bank issued credit card, navigate to the "Buy Crypto" section, add your card details and follow the steps to finalize the transaction. Debit & credit card purchases are available to Kraken users with Intermediate or Pro level verified accounts and residence in a supported country. Kraken accepts Visa or Mastercard that support 3D Secure (3DS) which is in the same legal name as your Kraken account.

    ---

Browse more crypto buying guides

Popular markets