How to buy Ripple XRP in Canada

What is Ripple (XRP)

Ripple’s XRP is a peer-to-peer centralized cryptocurrency, and Ripple is the only corporate blockchain solution in the world for global payments. There are many different perspectives on Ripples, some say that Ripple is not cryptocurrency. Others argue that it will be the last standing cryptocurrency, while Bitcoin will simply fail. Either or, it is currently the third largest coin. 


Ripple (XRP) History

Ripple (XRP) is the native coin of US based company, Ripple Labs. Ryan Fugger originally founded a company called RipplePay in 2004. The main idea behind the protocol was a peer-to-peer trust network of financial relations that would replace banks.

In 2012, Chris Larsen was hired as the executive chairman, who remains on the board today, and is referred to as a co-founder of Ripple. This marked the start of the OpenCoin era.  A new payment protocol called “Ripple Transaction Protocol (RTXP)” had been developed, which formed the foundation of the Ripple distributed ledger protocol.

Ripple released its XRP coin in January 2013.The company set the supply limit of XRP at 100 billion. It is important not to confuse Ripple and the cryptocurrency XRP, as they are not correlated.  Since the name change from Ripple to XRP in 2018, the company Ripple has made great efforts emphasizing the fact that the cryptocurrency XRP is not called Ripple. Also, that the XRP token is not a product of the company Ripple, but an open source software which is used by the company only for the product xRapid. The equivalent of approximately $0.00001 XRP is burned for each financial transaction using xRapid on RippleNet, which gradually decays the total supply. 

Many in the crypto community can not make the distinction and consider the XRP token and the company Ripple to be the same thing.


XRP Ledger (XRPL)

Unlike Bitcoin and most cryptocurrencies, the XRP Ledger is not mined and does not verify transactions via mining. XRP isn’t necessary to process transactions, meaning, no fees are required in xCurrent RippleNet transactions.The consensus are met through the use of its own customized consensus algorithm– formerly known as the Ripple Protocol Consensus Algorithm (RPCA).

The XRPL is maintained by a network of independent validating nodes. When a transaction arrives at a node, the current state of the ledger check to see if the transaction is valid candidate. The node will reference whether the sending account has requested for a validation of that transaction and that it can fund it. Subsequently, the node broadcasts the candidate transaction to its peers, which will include it in the pool of candidate transactions to be validated.

The nodes exchange transaction data between each other until all of them agree on the current state of the ledger. Meaning, the transactions that are agreed upon by a super-majority nodes are considered valid and the consensus is reached when all these nodes apply the same set of transactions to the ledger.


How Is XRP different to Bitcoin?

– An XRP transaction usually takes 3.5 seconds, whereas Bitcoin may take hours or even days, depending upon the volume of transactions, 

– XRP is premined, meaning that XRP token already exists, whereas bitcoin is mined and all tokens have not been mined yet .

– There are 100 billion XRP tokens in existence, on the other hand, Bitcoin, has supply limit  of 21 million. Therefore, there are nearly 5 000x more XRP tokens than bitcoins.

– Currently, Ripple owns roughly 60% of all XRP tokens. 55 million of those tokens are locked in escrow and one billion released to Ripple each month.

– XRP Transactions processed by trusted nodes, Bitcoin, on the other hand, requires miners to validate network transactions, 

– XRP does not charge a fee for transaction, for Bitcoin, since each transaction is mined, miners charge a fee to complete the process.  


How to trade XRP/RIPPLE

XRP can be traded 24hr a day since it does not associated with any one particular market being open. However, remember that using leverage to trade XRP means you will be exposed to the volatility in the price. It is helpful to keep stop losses in place to protect yourself against quick price reversals. 


Is Ripple risky?

To buy ripple in Canada or in any country, you have to remember that Ripple is a volatile market. It can present both opportunities for traders and risks. Thus, buying or trading Ripple XRP involves risk.

  • Ripple XRP has high volatility
  • Ripple XRP has sharp price fluctuations are very likely
  • Profits and Losses can be magnified by Leveraged trading 


You can Buy XRP in Canada directly from PCCEX buy signing or registering. Buy, sell and trade XRP on PCCEX, Canada’s best cryptocurrency exchange.


Hope this helps you understand how to buy Ripple Canada.

– You can also check out “How to buy Bitcoin Canada”




***Please ensure to declare any capital gains or reward income to your local taxation authorities to ensure you always remain compliant. Cryptocurrency purchased on illegitimate exchanges that do not run KYC may not be supported and have been listed/traded there without our permission. Investing in cryptocurrencies is a high-risk and volatile


  • Trackback: Everything You Need To Know About Ripple (XRP) - PCCEX
    • pccex
      Posted February 15, 2020 8:16 pm 0Likes

      Unfortunately, as you know, people don’t know the difference.(nor do they care to bother). In the beginning, we stated it because we had not yet indulged into details. At the end we said it again, just incase they forgot what they read.

  • Tyrell
    Posted November 18, 2020 8:51 am 0Likes

    Cheers a lot to the article author for that very utile write-up!

    It is form of the really functional lucrative tactic to increase the standard of every day buying

    and selling. I have got the same article about «night» technique with binary signals.

    I notice that it is also ideal for rookie dealers

    since they may be able to generate better without anxiety through the

    night using this successful technique.

  • Jarrod
    Posted April 21, 2021 1:58 am 0Likes

    Hello mates, its wonderful paragraph on the topic of cultureand

    entirely explained, keep it up all the time.

  • Ebony
    Posted June 18, 2021 11:53 pm 0Likes

    Yesterday, while I was at work, my sister stole my iphone and

    tested to see if it can survive a 30 foot drop, just so she can be a youtube sensation. My iPad is now broken and

    she has 83 views. I know this is completely off topic but I had

    to share it with someone!

  • Adela
    Posted August 23, 2021 4:57 am 0Likes

    This is my first time pay a visit at here and i am

    genuinely pleassant to read everthing at one place.

  • Chu
    Posted March 22, 2022 9:23 am 0Likes

    There is definately a great deal to know about this topic.

    I really like all of the points you’ve made.

  • Cecile
    Posted March 22, 2022 2:34 pm 0Likes

    I pay a quick visit every day a few sites and information sites to read posts, but this weblog

    offers quality based writing.

  • Dustin
    Posted March 22, 2022 11:37 pm 0Likes

    What’s up, the whole thing is going perfectly here and ofcourse every one is sharing facts, that’s genuinely good, keep up writing.

  • Dina
    Posted March 23, 2022 1:40 pm 0Likes

    I read this post completely concerning the comparison of most recent and previous technologies, it’s

    awesome article.

  • Jerome
    Posted July 6, 2022 2:45 am 0Likes

    Психолог онлайн. Консультация Прием психолога? – 3536 врачей,

    5314 отзывов.

  • Abbie
    Posted July 8, 2022 3:33 am 0Likes
  • Nancy
    Posted July 10, 2022 11:20 pm 0Likes
  • Rudy
    Posted July 11, 2022 2:23 am 0Likes
  • Lon
    Posted July 11, 2022 2:27 am 0Likes
  • Heidi
    Posted July 13, 2022 12:10 am 0Likes
  • Clara
    Posted July 16, 2022 7:08 am 0Likes
  • Rudolf
    Posted July 16, 2022 7:20 am 0Likes
  • Ruby
    Posted July 22, 2022 2:01 pm 0Likes
  • Antje
    Posted August 18, 2022 6:01 am 0Likes
  • Sally
    Posted August 22, 2022 10:39 am 0Likes

    тим урбан прокрастинация на русском

    Прокрастинации 4 Всадника

  • Cathy
    Posted August 24, 2022 10:36 am 0Likes

    близнецы гороскоп на завтра женщина Гороскоп Близнецы Майл

  • Cecil
    Posted October 30, 2022 3:48 am 0Likes
  • UgoHub
    Posted November 13, 2022 3:27 pm 0Likes
  • Samara
    Posted December 2, 2023 2:42 am 0Likes

    I do accept as true with all of the ideas

    you’ve offered on your post. They’re really convincing and can definitely work.

    Still, the posts are very brief for novices. Could you please prolong them a little from subsequent time?

    Thanks for the post.

  • Taylah
    Posted December 6, 2023 3:13 pm 0Likes

    Remarkable! Its genuinely awesome paragraph, I have got much clear idea concerning from this piece of writing.

  • Brendan
    Posted December 12, 2023 1:19 am 0Likes

    Just be certain to check out people’s critiques ahead of you employ them.

  • Carl
    Posted December 20, 2023 3:21 am 0Likes

    There have been two efforts to legalize sports betting in Georgia in 2022, each of which failed.

  • free instagram photo downloader
    Posted December 20, 2023 10:16 am 0Likes

    very good jon bro. it helped me a lot cute

  • Elouise
    Posted December 22, 2023 12:17 pm 0Likes

    This was an absolute repast for the intellect. You’ve satisfied my

    hunger for comprehension.

  • Ruben
    Posted December 23, 2023 5:10 pm 0Likes

    (0,01ct.) De diamant is gezet in een witgouden baan om de steen nog mooier uit te laten komen.

  • Neva
    Posted January 1, 2024 6:49 am 0Likes

    Useful information. Fortunate me I found your website by chance, and

    I am stunned why this coincidence did not took place in advance!

    I bookmarked it.

  • Kyle
    Posted January 3, 2024 3:24 am 0Likes

    DeWitt has traveled to Jefferson City numerous

    instances to testify in help of legislation legalizing sports betting.

  • Darrell
    Posted January 8, 2024 12:05 am 0Likes

    Most recently in 2023, the group drafted Heisman-winning QB Bryce

    Young as the No. 1 general choose.

  • Mel
    Posted January 12, 2024 12:56 pm 0Likes

    Bettors now have access to legal Ohio sports betting apps

    and Massachusetts sports betting apps following each launched in 2023.

  • Randall
    Posted January 13, 2024 12:07 am 0Likes

    Understanding the numerous state laws surrounding legal sports betting in the

    US can be complex.

  • Jeffery
    Posted January 14, 2024 5:47 pm 0Likes

    To check out the guidelines on filing a W-2G form, adhere to the hyperlink

    to the official IRS resource.

  • Lina
    Posted January 16, 2024 6:54 am 0Likes

    Reputation is based on the age of the web page, its gambling license,

    and user sportsbook evaluations written by genuine sports fans.

  • Mozelle
    Posted January 20, 2024 11:30 pm 0Likes

    It’s an amazing article in favor of all the online viewers;

    they will get benefit from it I am sure.

  • Greg
    Posted February 20, 2024 4:31 am 0Likes

    Твое замечание о том, что эта ситуация требует тщательного

    журналистского расследования, полностью обосновано.

    Предлагаю организовать исследование для

    объективного раскрытия этой проблемы.

  • Frederick
    Posted February 27, 2024 12:33 pm 0Likes

    Hey there! I know this is somewhat off topic but I was

    wondering which blog platform are you using for this site?

    I’m getting sick and tired of WordPress because I’ve had issues with hackers and I’m looking at alternatives for another platform.

    I would be great if you could point me in the direction of a good platform.

Leave a comment