Looking for the best Ripple wallet?
We’ve got you covered.
With cryptocurrencies booming in the second half of 2017, Ripple was one of the coins that multiplied in value many times. With investors like Google and significant Bank partners, everyone saw this bull run coming. This also meant that more and more people invested in Ripple (XRP).
In the crypto world, you just can’t leave your precious crypto assets somewhere. If you leave your coins in an exchange, you do not own the private keys for your coins thereby making them, not your coins, technically of course.
In the search for the best Ripple wallet, we found a lot of options that met the criteria. But in this post, we are going to list only the eight best XRP wallets so that you have just the best to choose from.
Do note that we have used these wallets and give you our opinion of how good these are.
1. Ledger Nano S
Be it any coin, the safest wallet you can find is a hardware wallet.
Ledger Nano S is by far the most reliable hardware wallet out there in the market. For safely storing Ripple, this Ledger wallet is our best choice.
What makes it that much better? Let’s see.
Ledger Nano S comes with a small but handy display. With this display, you can see what’s happening. You can see both incoming and outgoing transactions which give you peace of mind.
Even though you have apps you can use on the big screen, having an onscreen display gives you much more confidence when moving around big amounts of cryptos.
Being the only hardware wallet that supports the storage of Ripple, Ledger Nano S is very secure.
You can’t accidentally make a transaction. To confirm a transaction, you will need to press both the physical button at the same time. This guarantees no misuse of ripple inside the wallet.
There is also a PIN which you need to input whenever you are trying to access the wallet.
This makes it harder for someone who tries to access your wallet in the absence of you or in the case of a lost wallet.
Ledger Nano S supports multiple currencies.
How is this good for Ripple? Not in any particular way, but if you have another supported coin, you can move that into the wallet as well.
Some of the other coins supported are
- Bitcoin Cash
- and more.
One of the biggest fears for anyone investing in a hardware wallet is what if I lose my wallet? Will I lose my cryptos along with it?
With Ledger Nano S, the answer is no.
Ledger makes automated backups. If you lose your wallet, you can get back your funds by getting a new Nano S. All you have to do is remember the 24 recovery words you get when setting up your ledger wallet.
All these excellent points make Ledger Nano S, one the best Ripple wallets out there.
The Ledger Nano S can be bought from the official site here. It costs just under a $100 but is totally worth it. You can also buy it from Amazon if the official website is backlogged or out of stock.
2. Toast Wallet
Toast wallet is an open source wallet for storing Ripple (XRP).
It is one of the preferred software wallets when it comes to storing ripple. It is super easy to setup, and pretty much anyone can use this wallet as not much technical stuff is involved.
There are a few advantages with this wallet. Let’s take a look at them.
1. Toast wallet can found in platforms like Android, iOS, Windows, Linux, and also Mac. This multi-platform functionality is excellent as you can access your funds in any platform you use.
There is also a browser version of the wallet which you can only use in the Chrome browser.
2. The second advantage with Toast is that it is straightforward to set up and use. If you have tried making a paper wallet for Ripple, you will understand what we are saying here.
You go through an easy user interface and get on with your business.
3. There are no fees in the Toast wallet. You can use the wallet as you want but there are no fees that Toast charges. This makes Toast a good contender for the best Ripple wallet.
However, there is a 20 XRP minimum you have to maintain in order to use the wallet. This is a Ripple thing and is not specific to Toast. If you have less than that, your wallet will be deactivated.
Cryptonator is a convenient wallet for storing Ripple. You can use it on the browser (Chrome) and Android as well.
Let’s take a look at why Cryptonator is a good option for storing your Ripple.
All services that the wallet provides run over secure SSL connections. The SHA-256 cryptographic algorithm is used for protecting user data.
You can set up two-factor authentication on the platform. In addition to a password, you will have to enter a PIN to access your account. This provides extra security.
You can also set up trusted IP addresses. This way, logins from this IP addresses will only be allowed. This is great if you have a lot of funds in hand.
Multiple Currency Support:
Cryptonator supports multiple currencies as well. This means you can also store other currencies along with Ripple and have a peace of mind.
The cryptocurrencies supported at the moment are
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Dash (DASH)
- Monero (XMR)
- Reddcoin (RDD)
- Ripple (XRP)
- Zcash (ZEC)
- and more
Cryptonator also comes with an exchange inbuilt. If you want to convert your Ripple to into some other cryptocurrency, you can do that without having to move it to another exchange.
The fees, however, are a bit high compared to other exchanges.
The fiat currencies supported in the exchange are
- US Dollar (USD)
- Euro (EUR)
- Russian Ruble (RUR)
- Ukrainian Hryvnia (UAH)
People who have cryptonator have like it for the ease of use and security. If you are seeking a software wallet that is also mobile, Cryptonator is a good option.
Abra is a mobile cryptocurrency wallet that is non-custodial. By non-custodial, only users of the application have access to the funds. Abra is available only on two platforms Android and iOS.
Abra uses modern encryption to secure user information. This way no one can access your private information when making a transaction.
When signing up, you are provided with a recovery phrase. If you keep that safe, you can recover your funds even if you lose your phone or lose access to your account.
Be sure not to install any malware on your phone as hackers could use it to extract the recovery phrase from you.
Apart from Ripple, Abra also support the storage of other currencies like
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Monero (XMR)
- Omisego (OMG)
- Stellar (XLM)
- and more…
If you are looking for a secure, modern mobile wallet that can store your XRP, then Abra is one of the best ripple wallets out there.
CoinPayments is a cryptocurrency payment processor based in Canada. It allows you to store all your Ripple safely in their wallet. They work pretty much like a physical bank and charge you a transaction fee of 0.5% if you make any purchase using their platform.
CoinPayments is one of the most used payment processors in the crypto world. This means, in addition to storing your Ripple, you can also use it to pay for services across the globe.
CoinPayments do not charge any fee for depositing your Ripple in their wallet. Another impressive thing is that they also don’t charge any fee when withdrawing your Ripple as well.
CoinPayment supports nearly 300 cryptocurrencies. If you are a holder of any of the supported coins, you can store them here as well. Remember, you can not only store but also use it for services online which could help in improving adoption.
Exarpy is an interface that enables you to manage a Ripple wallet. With Exarpy, you can send, receive, and also access RippleNet. As they are an interface, they do not hold any of your funds but only give you an interface you can use to interact the Ripple network.
Exarpy charges a fee of 0.025 XRP for both importing and transferring your Ripple. This is not that high of a fee, and it also includes the network transaction cost as well.
At the time of wallet creation, you are given a 16-digit PIN which you should keep safe. This PIN will allow you to log in to your account. If you misplace or lose the PIN, then you will not be able to access your account and will miss the funds in it as well.
How secure is Exarpy?
Exarpy uses SSL to interact from the browser to its API. Though it is entirely safe if you have any malware plugin installed on your browser, then you will be vulnerable.
Also, do not give your PIN to anyone as it could be used to access your funds. If you are careful enough, Exarpy is as safe as they come.
GateHub is another option when it comes to finding the best Ripple wallet.
It is very easy to use the platform, and you can deposit Ripple XRP in a flash.
A good thing with GateHub is that you can buy Bitcoin with fiat currency inside and then convert it into Ripple. This prevents the need to deal with another exchange just for purchasing Ripple.
It is to be noted that GateHub is mentioned on the official website (Ripple Lab) as a recommended wallet.
Once you deposit Ripple, you will be able to see your transaction history as well. They have a friendly interface so figuring things out is a joy.
GateHub is also accepted as a payment method on several sites. If you are interested in purchasing anything online, you can use GateHub and complete the transaction. This is another advantage concerning GateHub.
There is also an analytics section which gives you real-time information like prices for Ripple and other cryptocurrencies as well. This allows you to exchange Ripple into another crypto if you want to trade.
Binance is one of the best altcoin exchanges in the world right now. It was started in 2017, and it quickly rose in popularity, thanks to its comprehensive altcoin listings.
We know we told at the beginning of this post not to leave your cryptos on the exchange. But there are so many newcomers who could lose their crypto trying to transfer it to a wallet.
For those non-tech savvy people, it is better to trust an exchange like Binance.
Binance comes with excellent security and will keep your Ripple safe without any issues. You can use two-factor authentication to improve the safety of the account.
There are no fees to deposit any Ripple. But Binance charges a flat fee of 0.25 XRP when you try to withdraw it.
Please use Binance as a wallet for Ripple only if you are new to the world of crypto. If you have learned how to use other wallets, then there is no reason to keep your precious Ripple on an exchange like Binance. Move your Ripple to a secure wallet as soon as possible.
Note: When you create a new wallet, there is a requirement that you maintain a minimum of 20 XRP in here. For example, if you deposit 100 XRP in a wallet, you will be able to withdraw only 80 of those as 20 are kept as a minimum balance. This is done by Ripple in order to reduce the growth of the ledger in a spammy manner. Be careful if you are going to put in small amounts as you won’t be able to take 20 XRP from the wallet.
So these are 8 of the best Ripple wallets out there at the moment.
Do you know of any other wallet that does a good job of storing Ripple? Please let us know using the comment section just below.