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XRP is a cryptocurrency known for its fast and cheap transactions. The company behind XRP, Ripple, is US-based and aims to make XRP the number one currency used by financial institutions for cross-border transactions. Due to the ongoing legal action in the US, many Canadian cryptocurrency exchanges including Netcoins have delisted XRP because they are not allowed to trade securities.
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XRP is a cryptocurrency known for its fast and cheap transactions. The company behind XRP, Ripple, is US-based and aims to make XRP the number one currency used by financial institutions for cross-border transactions.Due to the ongoing legal action in the US, many Canadian cryptocurrency exchanges including Netcoins have delisted XRP because they are not allowed to trade securities. The Ontario Securities Commission is cracking down on crypto exchanges offering securities and features such as futures trading to Canadians. Canadian exchanges therefore feel it is safer to delist XRP (Ripple) while its status is still uncertain. Unless it is concluded that XRP is not a security, it is unlikely XRP will be listed by these exchanges in the future.
XRP has many fans because it runs on the fast XRP Ledger with extremely low transaction fees. If you’re looking to make fast payments, XRP is the solution and that’s why many Canadians believe Ripple XRP Canada is a good investment. If XRP is deemed not a security, the price could go up again.
How to Buy XRP (Ripple) in Canada?If you would like to buy XRP in Canada you can do so easily by signing up to a crypto exchange like Netcoins that offers it.Getting verified on a crypto exchange is easy and usually you need to provide a photo of a government-issued ID, a selfie, and sometimes a proof of address such as a utility bill.Once you have a verified account, you’ll be able to buy XRP in minutes using your credit or debit card or by transferring money via a bank transfer.
How to store XRP or Ethereum?There are different ways of creating ETH user accounts. Perhaps the simplest and most secure way of creating an account is by using an online wallet service, which enables the management of, and interaction with, different Ethereum accounts.
When creating an account for most online wallets, you would need to create a password. Since this password is the only way to maintain access to their newly-created user account, it is vital that the user writes down or prints out this password and stores it in a safe location. With wallets like these, there is often no “Forgot your password?” button to bail a user out. Further, a computer breakdown prevents access to the user account, even if the user has not lost their password.As an alternative to privately-owned wallets, you can also keep your ETH at a crypto exchange, which keeps and secures all of their clients’ assets in joint wallets. However, one of the first things we all learn when we enter crypto is: “not your keys, not your coins”. If an exchange gets hacked, your crypto is at a risk of being lost too.
Nevertheless, reputable cryptocurrency exchange platforms like Netcoins take great security precautions to safeguard the funds of their users. They have expanded and increased insurance coverage of your online-stored assets earlier this year. Moreover they take every possible precaution to ensure that our platform remains secure and reliable so you can store or buy Ethereum with Canadian dollars easily.SOURCE CREDIT: https://medium.com/@bitcoinwalletcanada/ripple-xrp-canada-how-to-buy-and-store-it-easily-728f545de81f
