Great Ripple (XRP) Wallets to Safely Store Your Coins in 2021
XRP is a digital asset built for payments. The coin is the native coin on the XRP Ledger – an open-source, permissionless, decentralized blockchain technology that can settle transactions in 3-5 seconds. XRP can be transacted without a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently.
The rapid increase in the value of XRP from $0.01 to $1 within a year made it a profitable and popular cryptocurrency investment. If you are looking to invest in XRP, you’ll need the best wallet to store, transfer, receive, and manage all your XRP coins in a single place.
When looking to choose an XRP wallet, it’s vital to pick a proper wallet right for the first time, considering that users must have 20 XRP for booking their wallet address. From hardware wallets to paper wallets, there are different types of wallets currently available for XRP. Besides wallets, there are plenty of crypto exchanges that offer users to buy and store XRP on the platforms.
Nonetheless, it’s advisable to store your XRPs on wallets instead of exchanges to avoid losing money through hacks and scams. Here are the best XRP wallets you ought to consider in 2021.
Best XRP Wallets 2021
Best XRP Hardware Wallet- Ledger Nano S
The Ledger Nano S is the most popular and versatile hardware Ripple wallet. It features a compact shape similar to that of a USB drive with an attached OLED screen. Like any other hardware wallet, the wallet generates private keys and digital signatures offline and within the device itself; hence, it’s immune to hacking.
Unlike other Ripple wallets that limit the number of stored XRP, the Ledger Nano S allows users to store unlimited XRP coins. Additionally, it supports other cryptocurrencies as well. Compared to other hardware wallets, the Nano S offers more security and reliability than its outstanding security features, including 2-factor authentication, an individual PIN, and a recovery option. Additionally, users’ private keys are stored separately in the devices as it supports the cryptographic attested firmware uploaded in its dual-chip architecture.
The small, inbuilt screen enables users to track both their Ripple savings and transactions. Overall, the Nano S makes XRP storage and usage easy, secure, and hassle-free. The wallet is compatible with a PC (Windows, Mac, Linux, and Chrome OS), while the newer version Ledger Nano X is compatible with phones (iOS and Android).
Best Ripple Desktop Wallet- Rippex
Rippex is the best Ripple desktop wallet thanks to its enhanced security, agility in transactions, and user-friendliness. The wallet confers users more control over their funds. It allows them to store Ripple, sends, receive, and exchange XRP with integration to crypto exchanges. Apart from supporting cryptocurrencies, including XRP, Rippex supports several fiat currencies, including Euros, Yen, and US Dollars.
To enhance security, Rippex employs a multi-verification system, with all transactions being validated by the Ripple network. The wallet is also transparent since all transaction information is kept public, achieving transparency with special monitoring of users’ privacy. The wallet is handy for trading, considering that it charges low transaction fees.
Rippex is available for Windows, Mac, and Linux operating systems. It also features a Mobile App that boasts an excellent interface and comes in handy when making quick transactions or fast trading decisions.
Enhanced security and agility in transactions coupled with integration to exchanges make Rippex one of the best Ripple Desktop Wallet.
Best Ripple Open-sourced Hot Wallet – Toast Wallet
Toast Wallet is a free, open-source Ripple XRP Wallet for iOS, Android, Windows, Mac, and Linux. The wallet was voted as the best XRP wallet on iOS. Being an open-source wallet, Toast offers a seamless experience with users having full control over their private keys. The wallet is highly secured and less prone to cyber-attacks since all the encrypted keys are generated via the wallet app. Besides, its source code and the software binaries are open to the community hence transparent.
The wallet doesn’t charge any transaction fee, plus it’s very efficient. Easily and quickly send and receive XRPs and view your XRP account balances and transactions directly from the wallet. However, since it’s a web-based wallet, there are some risks of malware and hacking. Also, if you forget your PIN and Passphrase, you may lose the wallet and all coins in it.
Best Ripple Mobile Wallet- Atomic Wallet
Atomic Wallet is a lightweight and comprehensive crypto wallet that supports over 300 cryptocurrencies, including XRP. It’s available for Windows, Mac, and Linux operating systems. The wallet is integrated into Changelly and Shapeshift, allowing users’ to store, send, receive and exchange XRP and other cryptocurrencies, including Bitcoin and Litecoin. Experience instant exchange directly from the wallet.
Atomic Wallet boosts of smooth UI coupled with numerous features. The wallet offers an all-in-one non-custody solution for XRP holders. It provides exceptional security since users; private keys are encoded on the device, plus the wallet is built on top of common open source libraries.
What sets Atomic wallet from other mobile wallets is that it’s a fully decentralized wallet; thus, users’ don’t need to pass KYC or any other kind of verification. The wallet doesn’t have access or control over users’ funds, enabling them to manage their crypto in a completely anonymous way.
Atomic wallet is also the first cryptocurrency wallet with an advanced membership program, based on its native Atomic Wallet Token. AWC-BEP2 holders receive tokens for using a built-in exchange service or validating transactions and setting nodes on the Tezos, Cosmos, NEO, VeChain, and Tron blockchains. Users are also offered access to 24/7 live support.
Bithomp- Best Ripple Paper Wallet
Paper wallets are papers with the wallet’s public and private keys printed out on them. They are one of the most secure ways of storing your digital currency, including Ripple. Paper wallets are unhackable and offer huge benefits despite being significantly less of technological advancement than hardware wallets.
The best way to create your Ripple paper wallet is to leverage Bithomp. The platform offers the simplest approach to creating a Ripple paper wallet- you click on ‘Generate’ and print it out, and you’ll instantly get both your private and public keys. Nonetheless, paper wallets are easily damaged or lost; thus, storing the piece of paper very carefully away from fire and water or even creating multiple copies is advisable.
Ripple’s incredible growth in value makes it a lucrative investment in 2020. However, to rip the benefits of XRP investment, you’ll need the best Ripple wallet. What is the best Ripple wallet available? There’s no definite answer to this question. However, hardware wallets such as the Ledger Nano S are undoubtedly the best option for storing XRP. Other forms of crypto wallets, including desktop, mobile, and paper wallets, are excellent options and shouldn’t be overlooked. Before choosing an ideal XRP wallet, ensure you research its security and critical features. Has this article enabled you to choose the best wallet to store your XRPs safely?