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Are you thinking about investing in Ripple, XRP?
Or maybe you already have and now you are looking to pick a good and reliable Ripple wallet to use?
So in this guide, I wanted to share my thoughts and recommendations on the best XRP wallets that you could pick from in 2020!
What is Ripple?
Ripple (XRP) is a peer-to-peer powered cryptocurrency that is created in such a way that it works seamlessly with the internet to enable fast, secure and direct payments on the web.
It is one of the largest cryptocurrencies by market capitalization thus making it quite popular among crypto enthusiasts.
The Ripple coin was first implemented in 2004 and it wasn’t until 2011 that the XRP digital currency was issued. A new system was developed for the coins to eliminate Bitcoin’s shortcomings such as high power consumption, slow transaction speeds, and reliance on centralized exchanges.
Some of the advantages offered by this coin include:
- Security and reliability
- Elimination of third party interferences
- A transaction commission is charged to get rid of scammers
Now that you have understood what Ripple is, you probably want to buy the coin and have a couple of questions such as how to buy the coin, where to buy them, where to store them, and the best crypto wallet for your coins.
Some of the best XRP exchanges include:
For a more extensive guide to Ripple and where to buy XRP click here.
How to pick a good Ripple wallet
The first thing to consider is the security; a user needs to ensure that the wallet has more than one security feature attached to it. It should at least have a PIN, Password, 2FA among others.
The transaction fees also have to be low and affordable. Also, a wallet needs to ensure your anonymity and allow you to handle as many coins as you wish (multi-coin support).
7 Best Ripple wallets (XRP) list
Ripple wallet – works similarly to a traditional wallet such that it enables you to store, receive, as well as send XRP coins.
Now that you already know what exchanges to get your XRP coins from, and how to choose a good wallet. The next step is picking a wallet. So what are some of the best XRP wallets available?
I am talking about a reliable, safe, trustable, and secure wallet. Here are a few of these wallets, hopefully, this list makes your work easier.
Note that, Ripple wallets are not like Bitcoin wallets which are typically free. A user needs at least 20 XRP to book a wallet address. That is the reason why users are discouraged from using multiple wallets.
Ensure that you pick the right wallet from the beginning to avoid losing 20 XRP on various unnecessary addresses.
1. Ledger Nano X
Ledger Nano X is a Bluetooth enabled secure device that stores your private keys thus ensuring the safety of your crypto assets. It an extensive capacity enabling you to install over 100 applications.
Also, it supports several other coins including Ripple, Bitcoin, and Litecoin among many others.
It eases the management of your crypto by enabling you to check your balance and receive your coins directly with Ledger Live app, you can even manage other assets using external wallets.
Not to mention, it comes with a great deal of mobility, you can manage your assets wherever you go. Also, you can easily back up your assets.
Lastly, it comes with a state of the art security being that your private keys are stored in a certified secure chip just like in credit cards and passports. Therefore, you can leave your fears of hacks behind.
So when it comes to picking the most secure and best Ripple wallet I think
2. Ledger Nano S
Ledger Nano S is a hardware wallet with an OLED screen attached to it for the tracking of your cryptocurrency holdings on the Blockchain.
It works similarly to a USB device, such that a user can plug it into any device via the USB port. It also supports a wide range of cryptocurrencies which include Ethereum Classic, Ethereum, Ripple, Litecoin, Dash, Stratis, Zcash, and Bitcoin among others.
This wallet allows you to store an unlimited number of XRP coins.
Your keys are stored in an offline environment such as your PC thus protecting you from hackers.
All you need is a device that is compatible with your device such as your Android phone using OTG cable or PC running Windows, Chrome OS, Linux, and Mac.
It is small, easy to carry, convenient, and hacker-proof.
3. Trezor Model T
Trezor Model T is a hardware wallet designed to store and encrypt your digital assets. It gives you financial freedom because you own and run your assets.
The device is completely isolated thus completely protecting your private keys. The interface is easy to maneuver thus a user can perform complex operations with ease.
It is very easy to back up your entire wallet thus easy retrieval of information.
It supports 2FA for additional protection. Also, they operate openly and transparently thus giving the users confidence in its operation. Not to mention, their customer support and responsiveness is top-notch.
So overall this is probably one of the best hardware wallets to pick of the bunch.
- Buy the Trezor Model T here
4. Trezor One
Trezor one is probably the pioneer hardware wallet, it survived a while for good reason. For one, it supports multiple coins such as Bitcoin, Stellar, Dash, Zcash, Bitcoin Cash, Litecoin, and Bitcoin.
It was created by a pioneer company in the Bitcoin sphere. This hardware assures it, users of a high level of security, thanks to its additional security measures such as PIN codes and passphrases.
It is the first-ever hardware wallet for cryptocurrencies. And today it still remains a firm favourite amongst crypto holders.
- Buy the Trezor Model T One
GateHub is a top online wallet that is very easy to use. It also supports a wide range of coins which include Ripple, Ethereum, Ethereum Classic, Augur, REP, QAU, and XAU.
Also, it supports fiat currencies such as INR, USD, and EURO among others. It even allows precious metals like silver and gold.
This wallet also takes the users’ security very seriously and has put several measures in place such as 2FA for additional security.
The transaction speeds are higher than those offered by banks and other cryptocurrency wallets. you have to give your details thus you can trade anonymously.
- Download the GateHub wallet here
7. Edge wallet
Edge wallet is a free open-source mobile wallet that is available only for mobile devices. It can be used with both Android and iOS versions. It deals with both cryptocurrencies and fiat currencies.
A username and a password are required during sign up. This wallet gives the users total control of their money.
It is very secure since it has several additional security features in place. These features include password recovery and a 2FA setup. It also has a decentralized server system connecting all its users thus even if the servers go down, a user will continue using the wallet.
Edge wallet has a very responsive customer support team that is available across multiple channels and social media platforms.
- Download the Edge XRP wallet here
8. Ripple XRP Paper Wallet
Ripple paper wallet is a great option for people who prefer a physical storage device. Just as the name suggests, you store your cryptocurrency details such as your private keys on a piece of paper.
It is fairly safe and convenient for users who are not very conversant with phones and computers. It has been rated as one of the best offline XRP wallets.
Ensure that you store this piece of paper safely and if possible create copies in case the original copy gets damaged. Do not expose this paper to other parties for the sake of your safety.
- Create a 8. Ripple XRP Paper Wallet
The wallet of choice varies from users to users based on what features they are looking for.
The above wallets are very secure, convenient, easy to manage, and of course, they support a wide range of coins. Hopefully, the list above with steer you in the right direction.
So no matter what you’re looking for. A secure and reliable hardware wallet? A modern and nice-looking mobile wallet? Or a paper wallet to keep your XRPs safely secured?
Either way I think there is a wallet for everyone on this list. And in order to pick the best Ripple wallet for yourself I’d say try a few ones out. But my personal favourite is always to go with a hardware wallet.