7 Best Ripple Wallets to Store XRP

7 Best Ripple Wallets to Store XRP

Before I share about Best wallet for Ripple, you need to know one important thing:
Unlike BTC wallets which are free, Ripple wallet requires you to have 20XRP to book your wallet address. So if you add 1000 XRP Coins to your Ripple wallet, 20XRP Coins will be used to book the wallet address. This is one of the reasons you don’t want to use multiple ripple wallets for XRP unless required.
Pick the best xrp wallet from day one so that you don’t end up losing 20XRP on various wallet addresses."7 Best Ripple Wallets to Store XRP"

7 Best Ripple Wallets to Store XRP

1.Ledger Nano S

Ledger Nano S is a hardware wallet that has recently added support for XRP.
Being a hardware Crypto wallet, it is one of the best ways to store your cryptocurrency as it offers great security, ease of use, and you can carry it with you anywhere.

I recommend Ledger Nano S as it supports many popular cryptocurrencies including:
Dash, ETH/ETC, Stratis, Zcash, and now it supports Ripple XRP.

2.Toast ripple wallet

Toast ripple wallet is a free open-source XRP wallet which anyone can use.
The developer of this ripple wallet says “simple enough for your grandma but safe enough for a Swiss banker”.
The good thing about this xrp wallet is that it is a non-hosted wallet where you are always in control of your private keys.


3.Atomic Desktop Wallet

Atomic desktop Wallet is a free non-custodial application that supports ripple along with other 300+ cryptocurrencies.
It’s noteworthy that Atomic enables users to not only manage their XRP but also exchange XRP via a built-in exchange engine powered by Changelly and buy XRP for a bank card.
These features are provided in a simple interface protected by a mnemonic seed. The seed is generated after the first launch of the application and requires you to store it safely.
You fully control your funds, and your private keys become encrypted on your device and never leave it.

4.Guarda wallet

Guarda wallet is a popular non-hosted Ripple wallet that you can use. The wallet has been around for a while and you can download it for all major platform including Windows, Linux, and Mac.
It is a best and secure wallet where you control the key. Getting started is easy and you are the complete owner of the wallet.

5.Exarpy wallet

Exarpy wallet is another non-hosted Ripple wallet which is accessible from any web browser.
Using this xrp wallet you can store/receive/send any amount of Ripple without any third party involvement.
But Exarpy is paid wallet and charges 0.025 XRP per transaction and this includes the Ripple network’s fee too.

6.Gate.io wallet

Gate.io wallet is not a typical ripple wallet but it’s a full-fledged crypto exchange. They offer a mobile app that makes it easier for us to send/receive and also trade XRP coins from the mobile phone. Gate.io is one of the few high-quality crypto exchanges that are currently accepting new user registrations.

7.Binance wallet

Binance is a fast-growing exchange that started in the mid of the 2017 year and is rapidly adopting many new cryptocurrencies for its users. If you want to get XRP right now, you can use Binance to get an XRP wallet.

However, you should not store your XRP for more than 1-2 days on an exchange (any exchange) as exchanges can shut down or go into issues at any time and put you at risk of losing your stored coins.

When I needed to get ahold of XRP urgently, I used Binance to convert my bitcoins into XRP & stored them in my Binance wallet.
Another good thing while buying and storing your XRP from Binance is that you can claim your 50% discount on the trading fee when you exchange Bitcoin BTC or Ethereum ETH to Ripple XRP.
You can, later on, transfer these ripple XRP to the Ledger Nano S wallet or any other hardware wallet that supports ripple.

Post a Comment

0 Comments