Coinsquare adding Ripple’s XRP and a Referral Program

Coinsquare will be adding XRP (Ripple) in February 2018 (update: not so; as of March 2018, infrastructure is not yet ready on their side. Ref.: https://www.reddit.com/r/Ripple/comments/81951d/coinsquare_replied_about_xrp/). Hence, XRP shall eventually be a new possibility for investors trading on this electronic platform.

Bitcoin (BTC), Ethereum (ETH), Dash, Litecoin (LTC), Squarecoin (CSC) as well as gold (XAU.I) and silver (XAG.X / XAG.ML) are already major movers on Coinsquare.

In December 2017, they also proposed a referral program. Hence, when registering or funding an account with a referral code, a $20 bonus is paid by Coinsquare.

Coinsquare is a Canadian digital currency exchange platform. According to Bloomberg Markets, Coinsquare CEO is looking for an expansion in the United States and United Kingdom markets.

April 2018 Update
Coinsquare now allows users to fund accounts via Credit Card (Visa, MasterCard) but conditions do apply, such as $100 minimum and
$1 000 maximum amounts as well as a withholding period of 21 days.

Regarding the processing time, Coinsquare stipulates that it is instantaneous but daily, weekly, monthly and lifetime limits are also imposed by the Canadian company: $1 000 (per day), $5 000 (per week), $10 000 (per month) and $120 000 (lifetime).

Interac Online is also available but conditions are different: a maximum amount of $2 000 versus $1 000 for a credit card funding. A 2.5% fee is also imposed but the withholding limitations are between three and seven days instead of 21 days for credit cards.

Coinsquare offer several other funding methods: Flexepin ($20-$500),
Interac e-Transfer ($100-$3 000), money orders ($100-$999), bank drafts ($1 000-$9 000) and wire transfers ($10 000-$300 000). They also propose vouchers ($20-$1 000).  Since companies such as Coinsquare are multiplying funding methods and trying hard to get users to buy crypto currencies as easily as possible, it is very important to remind people that government taxes may also apply in a mandatory manner (depending on your country’s regulations). You may want to read the following CNBC’s article: Cryptocurrency and taxes: What you need to know.


Regarding Ripple (XRP), here are a few articles that are worth reading…

Frank Chaparro, Ripple, the company behind cryptocurrency XRP, is betting big on Asia, Business Insider UK (Jan. 10, 2018).

Jon Martindale, How To Buy Ripple, Digital Trends (Jan. 20, 2018).

Sean Williams, The Top 3 Ripple Stocks, The Motley Fool (Jan. 22, 2018).

Wikipedia, Ripple (payment protocol).

Wikipedia, Ripple (company).


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