Looking for an XRP Wallet? Here are the Best Ripple (XRP) Wallets

Handy Tips / 27.08.2020

The Rise of Ripple

Ripple (XRP) is a cryptocurrency project created by Chris Larsen and Jed McCaleb under Ripple Labs. It was primarily built as a digital asset designed to overcome several problems in international banking, cross-border payments, and sourcing liquidity. XRP has remained among the top 5 cryptocurrencies by market cap since 2017.

The principal target audience of XRP are banks and payment providers, where the exceptionally fast settlement time can function as a liquidity source. This allows Ripple to tap new and unexplored markets, by leveraging blockchain technology. In some ways, Ripple build on the already existing financial infrastructure and tries to make it faster and more efficient.

Since Ripple is not a ledger-based platform, wallet compatibility for its native token – XRP has been very limited. Due to its complexity, there is a need to segregate the best wallets available for Ripple in the market, which will satisfy the user’s needs.

Need for A Dependable Wallet

There are several things to consider before settling on an XRP wallet provider. The characteristics of a wallet depend on the usage and preferences of the holder. Wallets range from hot wallets – that are secure and connected to the blockchain, to online wallets – that make use of a custodian to store funds, and finally to a hardware wallet that is considered the most secure way to store funds.

After a careful survey, we have come up with a list of some of the most reliable Ripple Wallet providers in the market. Their usage and features span the entire spectrum of user preference. We encourage our readers to have a look at the list and choose the Best Ripple (XRP) Wallet that meets their preferences.

Edge Wallet

Considered by several outlets as the Best Ripple Wallet to date, Edge wallet is a mobile multi-currency wallet for iOS and Android that displays advanced security features. Edge is considered a “hot wallet” as it is connected to the Internet via the mobile phone. Rest assured, Edge is a highly secured application, supporting email-based backup, 2-factor authentication, and a wide range of security features. Users will be happy to know that Edge does not store any of the credential of the users.

The Edge Wallet is one of the few applications in the market that supports the storage and transfer of XRP.

Major Features:

  • 21+ Token Support
  • Amazing UI
  • Can Buy and Sell
  • No 3rd Party in between

Platforms Supported:

  • iOS
  • Android

GateHub

GateHub is a highly influential player in the crypto industry. Aside from being the most secure and trusted wallet in the market, GateHub is also a platform dealing in a variety of services. GateHub is unlike most application-based wallets, in that it is also custodian of cryptocurrencies. It stores the assets of its users who trust the wallet, because of its security and ease of use.

GateHub not only supports XRP, but also allows you to receive, send and store cryptocurrencies like, ETH, ETC, REP, DASH, QAU, XAU, etc. One of the things that sets GateHub apart is that it is both a Platform and a Wallet. The wallet allows you to securely store all your digital assets, while the platform allows you to trade cryptocurrencies with fiat currencies like USD, EURO, INR, etc and moreover, even precious metals like gold and silver.

Major Features:

  • Platform for Storage and Investment
  • Analytics feature for the technical user
  • Instant crypto-to-crypto and crypto-to-bank transfer
  • Exposure to wide range of investment tools

Platforms Supported:

  • Online Wallet (Browser Based)

Toast

Toast is an open-source XRP specific wallet. The open-source nature makes it incredibly simple and more secure than most providers. This combination of security and simplicity has made Toast wallet one of the most downloaded Ripple wallets for iOS and Android.

Toast boasts the widest range of support for XRP. It has released application for 7+ platforms, both mobile and desktop. One of the best features of Toast is that it is a fully open-source project, overseen and developed by members of the Ripple community themselves.

Major Features:

  • Exclusive Wallet for XRP
  • Multi-platform Support
  • Open-Source and dependable
  • Multi-layered backup

Platforms Supported:

  • iOS
  • Android
  • MacOS
  • Windows
  • Linux
  • Crome (Browser Based)

The Ledger Series

The Ledger Series hardware wallets, i.e., Nano S and Nano X, are some of the most popular and versatile hardware wallets out there. The best feature about hardware wallets is that they are immensely more secure and trust-worthy than online or Hot wallets. Secure your Ripple assets with the most trusted hardware wallet. Cold storage wallets are typically encrypted devices that store users’ XRP and other tokens offline. That added encryption provides a layer of security against the threats emerging from being connected to the Internet.

Ledger Nano, being a hardware wallet for Ripple and other cryptocurrencies, makes currency usage easy, secure and hassle-free. By connecting a compatible device with Nano – a PC or a mobile, users can start storing cryptocurrencies right away.

Major Features:

  • Secure hardware storage
  • Increased Security
  • 23+ coins support
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Sudarshan M is a long time crypto-enthusiast. Pulled in by bitcoin early on, it did not take long for Sudarshan to divert all of his academic attention from business studies to blockchain by doing his Masters and eventually pursuing his PhD in the subject.