Purchasing XRP on the Zengo app is simple. Just download the app, set up your wallet, and choose XRP. You can pay using trusted providers like Moonpay, Banxa, or other available options.

Purchasing XRP is entirely legal in Canada. Although the Canadian government regulates its use, XRP is recognized as a valid and legal digital currency.

XRP is often seen as a stable investment, but like all cryptocurrencies, it comes with risks. Its price can experience significant fluctuations compared to traditional assets, leading to potential volatility. Before investing, it’s crucial to research and fully understand these risks.

Zengo offers top-level security to safeguard your XRP holdings. Advanced facial recognition enables secure and hassle-free logins, while threshold signatures, MPC security, and three-factor authentication (3FA) provide robust asset protection. Additionally, the Web3 Firewall defends against online threats and alerts you to suspicious activity.

No, Zengo mandates ID verification for every user to meet AML and security regulations, ensuring a secure and safer platform for all.

Zengo works with purchasing partners who are regulated and compliant and follow the AML and KYC rules. You must be at least 18 years old and provide a valid ID to verify your identity and age before you can buy XRP or any other crypto assets.

When buying XRP on Zengo using a credit or debit card, transactions usually process within minutes. However, factors like network traffic, payment processing, and exchange partner timelines may affect the speed. Zengo will notify you when your XRP is ready in your wallet.

Zengo is a self-custodial wallet for cryptocurrency that is free to use. However, you will have to pay a fee when you buy, sell, or trade cryptocurrency. These fees include:

• Network fees (not paid to Zengo)
• Exchange fees
• Service fees (paid only to the providers.

Zengo does not apply any hidden fees or markups on the exchange rate. The fee amount may vary depending on the payment method, currency, and operator. Before you confirm your payment, Zengo provides you with a clear breakdown of all applicable fees.

Note: Zengo Pro users benefit from reduced service fees.

Zengo supports several payment methods:

• Google Pay: Google Pay provides a simple and secure way to buy crypto on Android devices.
• Credit/Debit card: You can buy XRP on Zengo using your Credit Card or Debit Card.
• Bank transfer: You can buy XRP in Canada using your TD Bank account or card.
• Paypal: Paypal is another simple and secure method to buy crypto on Zengo Wallet.
• Apple Pay: Apple Pay is a fast and easy way to buy XRP directly from your iOS device. Apple Gift cards are not currently accepted.

Note: Zengo does not support cash payments.

In Canada, you can use XRP to buy electronics, web hosting services, luxury goods, and entertainment. It’s also possible to purchase gift cards that can be redeemed at various retailers or find local businesses that accept XRP through crypto payment maps. Additionally, some companies allow the purchase of precious metals with XRP. Many merchants process XRP payments through crypto payment providers, so availability may vary—it’s best to check with the vendor before purchasing.

You can also sell or swap XRP on Zengo. 

To sell XRP, you can choose the sell option on the app and enter the amount of XRP you want to sell. You will see the exchange rate and the fees before you confirm the transaction. You will receive the fiat money in your bank account or your preferred payment method.

To swap XRP, you can choose the swap option on the app and select the crypto asset you want to swap with XRP or any other asset. You will see the exchange rate and the fees before you confirm the transaction. You will receive the swapped crypto asset in your Zengo wallet.