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 focusing on helping people buy goods and services with XRP. In other words, 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. Looking to buy and sell XRP? Netcoins is Canada’s first publicly owned crypto trading platform to be fully regulated. Simply create an account with Netcoins, fund it with an e-Transfer (more funding options available) and head to the trade page to buy XRP.
Create an Account
Provide some personal details and get verified in minutes through our automated KYC process.
Fund your account with a XRP deposit, Interac e-Transfer, or bank wire transfer.
Buy and sell as much XRP as you want with no slippage due to our deep liquidity.
Why Buy XRP?
How Much XRP Can I Buy?
Things to Consider Before Investing in XRP
WHY IS KYC (VERIFICATION) REQUIRED?
Netcoins USA is a licensed money service business under FinCEN, we adhere to the strict guidelines set by them for Money Transmitter Businesses. 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 American 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 the US.
HOW CAN I FUND MY ACCOUNT?
Your Netcoins account can be funded with a bitcoin deposit, Interac e-Transfer, or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy XRP in Canada.