Where to Buy and Sell Bitcoin, Ethereum, and Ripple in Canada

Where can you buy Ripple?

If you’re unfamiliar with Ripple and all other forms of cryptocurrency, we have lots of information down below you can read through. However, if you’re in the know and want to buy Ripple in Canada, we want to be your one-stop-shop for useful information.

Whether you’re looking to buy XRP in Canada or just trade all forms of Cryptocurrency, you can’t go wrong with the following site:

CoinSquare

Considered the leading trade platform in Canada, CoinSquare is where you can buy Ripple. Canada hasn’t had the easiest Ripple exchanges until now. Before now, you had to convert to Bitcoin in order to acquire XRP. Luckily, Coinsquare now allows for quick, instantaneous conversion from CAD to XRP and various other cryptocurrencies. You can acquire XRP, Ethereum, Bitcoin, and even precious metals such as gold and silver. It’s safe, fast, efficient, and has some of the lowest fees out of any trading, buying and selling platform.

Where can you buy Bitcoin and Ethereum?

If the volatility of the market hasn’t stopped you from wanting to invest in cryptocurrency, it’s time to look at the best options. We’ve outlined safe and popular platforms to purchase cryptocurrency with ease in Canada.

In Addition to Coinsquare, which is a great option to trade many of the major cryptocurrencies, you also have the following:

Coinbase

On Coinbase, you have the option of buying, selling or trading Bitcoin, Ethereum, and Litecoin. It’s fast, safe, efficient and is used in over 30 countries around the world. To date, almost 13 million customers have been served, amounting to over $40 billion in digital currency exchanged.

Now that you’re well informed on your options for buying Ripple in Canada, we can get into some general information of Cryptocurrency.

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There’s no doubt about it, the popularity of cryptocurrency investment is growing by the day, especially in Canada. Previously, only avid internet users were let in on the secrets of what cryptocurrency such as Bitcoin, Litecoin, Ethereum, and Ripple had to offer. Now, people who read the newspaper or watch cable news see “what is Bitcoin” splashed across every tech section and newscast. Everyone thinks they are in the know. The digital world’s best-kept secret is now out, and everybody wants a piece of the pie like it houses the golden ticket to a lavish lifestyle.

To seasoned investors, it may seem like the opportunity to earn vast amounts of money in cryptocurrency has come and gone. After all, when Bitcoin, the original form of cryptocurrency, first hit the market, you could buy it for as little as 0.30 cents. Now, it is worth thousands of dollars a coin. Of course, this doesn’t account for the volatility of Bitcoin value as the value increases and decreases on almost a daily basis. Unfortunately, it seems like your ability to buy Bitcoin for pennies and sell it for a substantial profit is no longer possible. Thankfully, that’s only true if you’re looking for a ‘get rich quick’ scheme rather than being willing to play the long game.

Still, many people see the benefits of Bitcoin and other cryptocurrencies, and there’s no time like the present to get involved. The Bitcoin to CAD rate will fluctuate, and the determining factor of whether you’re willing to invest is whether you’re ready to ride out the storm for an eventual gain.

Within this article, we will first run through the pros and cons of Bitcoin, Ethereum and Ripple to help you decide which form of cryptocurrency is a good investment for you, before providing you with info on platforms to buy Ripple in Canada, as well as Ethereum and Bitcoin. On these sites, you will also be able to sell and trade.

Bitcoin

Being the most popular form of cryptocurrency, this is the one that’s most likely to appeal to a wide range of buyers.

Pros

  • Not all big investors have jumped on the Bitcoin train. This means that when they do, there will be a price boost and more market stability.
  • You can split the Bitcoin. This means that if you don’t have thousands of dollars to purchase one whole Bitcoin, you can buy smaller amounts of a Bitcoin. Think of it as owning cents, rather than the entire dollar.
  • There are more buying, selling, and trading platforms dedicated solely to Bitcoin than Ethereum or Ripple.

Cons

  • Bitcoin is a very volatile market – with big swings in highs and lows.
  • The Bitcoin might not be more than a fad in the mainstream market. This could cause it to take a dive in the years to come.
  • There are more scams related to Bitcoin than other cryptocurrencies. These can catch new investors, who aren’t familiar with how the market works.
  • New investors that aren’t familiar with stocks may not know how to deal with regulatory risks. This can lead to massive

Ethereum

Ethereum is a little more complicated than Bitcoin. As such, its pros and cons are a bit more in-depth.

Pros

  • It’s the whole package. Unlike other blockchains, ETH allows more complex contracts to be run on the network with no need for third-party services in most cases.
  • It’s a platform for other products and services. This means Ethereum creates a robust ecosystem around it, which is beneficial for developers.
  • Large companies are getting involved with it.

Cons

  • Ethereum is a platform, which means it’s not as effective as other chains specifically designed to be cryptocurrencies.
  • There are upgrades in the works which means there’s potential for the system to crash if the process doesn’t run seamlessly.
  • There’s not enough information out there for businesses and individuals to become professional Ethereum developers.

Ripple

Ripple is less popular than the other top-rated cryptocurrencies but it is still worthy of investment. Up until now, knowing where to buy Ripple in Canada was extremely difficult, because you had to go through a two-step exchange process in order to get it. With the advent of Coinsquare, buying XRP in Canada is now extremely easy.

Pros

  • It’s exceptionally fast – more so than most other blockchain technology.
  • They use bank transactions on their public blockchain – the only company to do so.
  • They use legal and business experts.
  • They push the sales to financial institutions which can increase the price.

Cons

  • A lot of people don’t like how complicated Ripple is, which can stunt its growth.
  • There’s a common misconception that the currency is centralized when it’s not.
  • Compared to other cryptocurrencies, Ripple is weak on anonymity.