In this modern world Ripple has chosen a different path: to cater to the financial industry by making their processes faster and more secure through the use of blockchain technology. Here is an easiest way to buy ripple in Canada.

1. Is Netcoins The Easiest Way To
Buy Ripple In Canada?

2. Ripple (XRP) is a cryptocurrency that runs on a digital
payment network developed by Ripple Labs Inc.
Cryptocurrencies and blockchain platforms have
continuously challenged the conventional financial sectors.
In this modern world Ripple has chosen a different path:
to cater to the financial industry by making their processes
faster and more secure through the use of blockchain
technology. Here is an easiest way to buy ripple in
Canada.

4. Ripple works in much the same way as the SWIFT system.
It is an international payment network used by banks and
other financial intermediaries. It happens by using
blockchain technology to create bank-specific solutions for
inter-bank funds transfer.
In the last couple of years, XRP’s value has taken a giant
leap. It’s one of the biggest cryptocurrencies by market
capitalization. Due to its multi-function payment protocol,
XRP has managed to leave its mark on the financial
industry in a short period of time.
Lookout for the following details to understand buying
Ripple in Canada.

5. Step 1: Choose an exchange that sells Ripple
You must first choose an exchange to use before buying
XRP like Netcoins. Before depositing money into a
cryptocurrency exchange, there are some things to look at
and consider. Make sure the coin you want to buy is listed,
Check available deposit methods, whether the exchange
supports your preferred payment method to buy Ripple,
what fees they charge on trades, and if they charge to
withdraw funds. You must also consider
the cryptocurrency Canadian tax applicable on the
purchase.

6. Step 2: Register and get your account verified
Once you’ve decided which exchange to use, you’ll need to
register an account with them and verify your identity.
What information the exchange requires varies but
generally includes your full name, date of birth, and
address. In addition, a copy of a form of government-
issued ID may also be required to complete verification.

7. Step 3: Fund your account
You can fund an exchange account with fiat or
cryptocurrency. Most exchanges support fiat currency
transfers from a bank account or credit card. Payments via
e-Transfer and PayPal may also be available. Fiat currency
transfers may take several days to clear into your account
at the exchange. Another option is to transfer
cryptocurrency from a wallet you already control (but this
could incur processing fees). Note that some exchanges
may require a minimum deposit amount before you can
start to buy.

8. Step 4: Set yourself a budget
Decide how much you want to put into Ripple and stick to
it. Crypto is a volatile asset class. It’s possible to lose a
substantial amount of your money in a relatively short
period of time. Therefore, it’s best to invest only what you
are able to afford losing.

9. Step 5: Buy Ripple
The most convenient way to purchase is to use a market
order, i.e. purchase Ripple at the next price. If you want to
build your position in Ripple, some exchanges make it
possible to dollar cost average with recurring buys.

10. However, you need to know a way to store your Ripple. If
you want to steer clear of malware and hacking, store your
XRP tokens in an offline or cold wallet. However, if you
want to keep your XRP convenient so you can trade more
easily, keep it in the exchange’s wallet.
You can easily buy cryptocurrency with Netcoins while
keeping in mind all the above points!
SOURCE CREDIT:
https://medium.com/@bitcoinwalletcanada/is-
netcoins-the-easiest-way-to-buy-ripple-in-canada-
98c2ef3ef25

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