What is XRP (XRP)?
XRP is the token of Ripple, a technology that acts as both a cryptocurrency and a payment network. XRP offers financial institutions the fastest, most reliable option forsourcing liquidity on demand. Another important use case of XRP is that it can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently. You can buy and sell XRP for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade XRP for BTC the same way you trade CAD for USD. You can also trade XRP to CAD based on the XRP price. To learn how to buy XRP, scroll down to see how to buy XRP.
How to buy XRP (XRP)?
Here's how to buy XRP on Coinsquare
To buy XRP, simply follow these steps:
1. Sign up for a Coinsquare account and verify your identity
This is the first step to buying XRP. Verifying your identity helps us to properly connect your funds to your account.
2. Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
3. After funding, select XRP from the list on the trade section
Coinsquare lets you trade XRP without leaving the app. You can also check the XRP price and convert XRP to CAD or USD on the platform.
4. Select a currency you’ve funded and use it to check the XRP price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
5. Buy XRP (XRP)
Congratulations! You’re now the proud owner of XRP. You can either HODL or use it to exchange XRP to CAD.
Where do I keep my XRP (XRP)?
At Coinsquare, we offer customers the power of easy transactions and cold storage security. We’re constantly organizing funds to ensure our customers trade instantly and securely. There are different storage options available for your cryptocurrency, your choice should ultimately be the one that suits your needs. Mobile and web wallets can make transactions easy as the currencies are accessible directly from your phone or device, whereas hardware wallets are best suited for secure, long-term storage as they eliminate the vulnerability found in online environments.
Ready to add XRP (XRP) to your portfolio?
Create your account, fund it with spare change and get a little bit of XRP.
