Ripple (XRP) wallet: list of the best for secure storage

Ripple (XRP) ranks 3rd in the ranking of the most liquid cryptocurrencies. Growing interest in the platform contributes to the emergence of services that are designed to store and conveniently work with cryptocurrency. On the one hand, the variety of wallets and online platforms for storing digital assets gives us the opportunity to choose an acceptable option, on the other hand, it is difficult for beginners to understand this abundance of programs.

What types of Ripple wallets are there, and what criteria should you focus on when choosing a service?

Main types of wallets for Ripple

Contents
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1 Main types of wallets for Ripple 1.1 Video: Analysis of popular Ripple storages from a crypto expert

2 Which wallet to choose for Ripple cryptocurrency 2.1 Online wallets

2.2 Mobile applications

2.3 Lightweight desktop wallets

2.4 Heavy desktop storage

2.5 Paper wallets

2.6 Hardware wallets

3 Review of the best wallets for Ripple 3.1 Video: Ripple wallet. Where can you safely store the cryptocurrency Ripple [xrp]

4 Ripple wallet Gatehub 4.1 Creating a wallet

5 Toast Wallet

6 Toast desktop

7 Best wallet for Ripple

8 Where can you buy Ripple

9 How to sell Ripple

10 Conclusion 10.1 Video (in English): Ledger Nano S – Setup and Guide (Hardware wallet)

10.2 Video (in English): HOW TO: Store Your Ripple (XRP)! Rippex Desktop Wallet Tutorial!

The Ripple platform has become popular due to its fast transactions and minimal fees. Users pay 0.00001 XRP for the transfer. All this attracts scammers who often profit from inexperienced users. We have repeatedly witnessed large-scale hacks that stole hundreds of thousands of dollars from user accounts. Therefore, it is important to choose a wallet with a high level of protection against hacker attacks.

But secure wallets are not always easy to use. Thus, online wallets allow you to carry out instant transactions without being tied to a specific PC or phone, but they are less secure than other versions. Conversely, many secure programs are not portable.

Cryptocurrency wallets are divided into 2 types: hot and cold. Hot ones include online wallets, internal exchange storages, mobile applications and light desktop versions. They communicate with external servers, so they only work when the Internet is available. Such wallets allow you to carry out transactions at any time, but they are vulnerable to viruses and hacker attacks. Hot wallets store private keys on a server. If hacked, you may lose all the money from your account. If we consider exchange wallets, then the administration of the resource has access to the secret keys of users. When using such wallets, crypto enthusiasts rely on the integrity of their owners.

Cold wallets include paper storage, hardware devices, and heavy desktop programs. Such services operate without a network connection, and secret keys are stored locally. To hack a cold wallet, you need personal contact with the carrier, so fraud via the Internet disappears by itself. These are the safest programs where you can store large amounts of cryptocurrency. At the same time, they are inferior to hot wallets in terms of functionality.

Video: Analysis of popular Ripple storages from a crypto expert

Watch this video on YouTube

Wirex

The Wirex desktop and mobile wallet is very popular among UK users as it is regulated by the UK Financial Conduct Authority (FCA). There is support for private keys, cashback and four top cryptocurrencies - Bitcoin, Litecoin, Ethereum, XRP.

Users from the Russian Federation will especially like Wirex, primarily because of Russian localization. Also among the distinctive features of the wallet is the presence of fiat accounts (US dollar, British pound and euro).

Which wallet to choose for Ripple cryptocurrency

To evaluate the features of cryptocurrency wallets, we will consider in detail all versions of the programs.

Online wallets

In the same category, we will consider internal exchange storages, since their operating principle is similar.

Main advantages:

• no need to download and install on your PC or phone, just go through a simple registration to work;
• have wide functionality: users can not only store, but also convert cryptocurrency;
• intuitive interface even for beginners.

Flaws:

• weak security, the administration of some resources has access to secret keys;
• keys are stored on a third-party server, which opens up opportunities for hacking.

They try not to store large volumes of cryptocurrencies on online wallets. Basically, these are amounts that are in constant motion: currency conversion, trading.

Mobile applications

Such wallets are convenient for users who make regular transactions, but cannot constantly be near the computer. A mobile wallet allows you to make transactions from anywhere in the world where there is access to the Internet.

Advantages:

• IOS and Android support;
• quick installation;
• ease of use, advanced functionality;
• downloading the application does not require downloading the entire blockchain.

Flaws:

• poor selection of applications for Ripple;
• low security;
• limited functionality;
• Most applications do not support Russian language.

Downloading the mobile application takes a few minutes, after which you need to go through a simple registration and enter a strong password.

Lightweight desktop wallets

These are programs that require downloading and installation. At the same time, they are synchronized with an external server, that is, access to the Internet is required to complete the transaction.

Main advantages:

• take up little space on the computer;
• easy to use, operations occur instantly;
• quickly installed.

Flaws:

• poor selection of software;
• receive information for work “from the outside,” important information can be seized by hackers.

Unlike web wallets, lightweight desktop versions are more secure, but they do not guarantee complete security.

Heavy desktop storage

Such programs provide complete security. To work, you need to download the entire blockchain, which is more than 200 GB. It should be taken into account that the weight of the blockchain grows in proportion to the number of mined blocks. Over time, you will have to free up even more space on your hard drive.

Main advantages:

• Complete security, keys are stored locally;
• the ability to personally control the safety of money.

Flaws:

• downloading the entire blockchain requires a large amount of memory;
• Unlike hot wallets, they are more difficult to use;
• The operation can only be carried out if you have access to a PC.

Reference! When installing the full version of the desktop wallet, do not forget to make backup copies. Otherwise, if you lose the generated system address, you will lose access to your personal funds.

Paper wallets

These are services that store information on a separate medium. The program is transferred from the PC to a sheet of paper where 2 keys are stored: public – for receiving funds, private – for sending transfers.

Advantages:

• the private keys are kept by the owner, which prevents the program from being hacked via the Internet;
• The wallet is created within two minutes.

Flaws:

• the wallet is easy to lose or damage;
• if the sheet gets into strangers’ hands, they can use the cryptocurrency.

Paper wallets are used for long-term storage of large volumes of cryptocurrencies. The high security of such services is ensured by the impossibility of remote access to classified information.

Hardware wallets

The most secure and functional type of cryptocurrency storage. Externally, such devices resemble a flash drive. Small sizes allow you to store them in any convenient place. To complete the operation, the hardware wallet is connected to a PC or phone via a USB connector.

Main advantages:

• maximum degree of protection;
• convenient and understandable functionality that is accessible even to beginners;
• can be stored anywhere: in a bag, in a pocket, etc.;
• even if the wallet ends up in the wrong hands, it is almost impossible to gain access to it.

Flaws:

• for a hardware wallet you will have to pay at least $90;
• if the device and recovery keys are lost, access to funds is automatically blocked;
• the transaction can only be carried out if you have a PC or mobile phone with Internet access.

Hardware wallets are the optimal solution for users who store large amounts of cryptocurrencies. In terms of functionality, they resemble an isolated computer with an antivirus, firewall and trace encryptor.

Exarpy

Exarpy is a web wallet created specifically for the Ripple coin (XRP). To access your account, you must have an address and a private key, since Exarpy does not store this information, it is secure, but this also means that if the private keys are lost, the user will not be able to return the funds.

It is a secure and efficient way to store Ripple (XRP), although it is not completely free: the wallet charges a fee of 0.0025 XRP for every transaction made, regardless of the amount chosen. It is a great alternative to hardware wallets and currently enjoys a good reputation in the crypto space.

Multiple wallets can be created without any restrictions, however a minimum deposit of 20 XRP is always required. Please note that since this is a web wallet, it can always be accessed from any computer, tablet or mobile device.

Ripple wallet Gatehub

Everyone is accustomed to considering it the official wallet of the Ripple platform, although the developers themselves did not make such loud statements. The program has wide functionality. Users can make decisions about buying or selling digital coins directly within the service. One page provides statistics and all information about various cryptocurrencies.

The abundance of cryptocurrencies and wide functionality do not exclude the fact that this is a web version of the wallet, which uses the same mechanisms for storing funds as cryptocurrency exchanges. Users entrust the storage of their funds to the resource administration.

After registration, the program requests contact information. Additionally, you need to come up with a nickname, after which users have the opportunity to make free transfers within the system.

Creating a wallet

To download, go to the website https://gatehub.net/, go to the SIGN UP section and perform several actions:

1. Enter your email, password, confirm the password and agree to the terms.
2. We save a backup key that will help restore your account if access is lost.

3. Next, you need to follow the link that will be sent to your email and activate your account.

After registration you need to verify. To do this, enter your passport data, registration address and upload scans of the corresponding passport pages. After verification, users have access to the entire range of wallet functionality.

To create a new Ripple wallet, go to the My Wallet section and click Add New Wallet. To increase security, enter a password and select the wallet type: hosted or ripple.

The first allows you to manage funds directly on the Gatehub platform, in the second case, transactions are recorded in the decentralized Ripple network.

After registering in the system, you need to top up your account with 20 XRP, which is collateral and is not available for withdrawal.

You can expand the functionality of your wallet using the Advanced Setting button. This opens up additional opportunities, for example, transferring personal funds for management to other persons.

Way out

Do not forget that not only project developers are active in the cryptocurrency market, but also other companies or individuals. Some of them focus their attention specifically on creating wallets for specific coins or combine several platforms in one program.

One of the best programs today is Jaxx, a cross-platform and multi-currency wallet from the Canadian company Decred. The main advantages include the largest number of supported assets, the possibility of internal exchange with low fees and high security.

Jaxx allows you to monitor the market situation and is also connected to certain exchanges, so you can fund your trading account faster. You can also install its version on your phone, so there will be no need to look for an additional application or constantly access some service through the browser.

A good option, besides Jaxx, is the similar wallet Coinpayments, which allows you not only to send funds, but also to make payments similar to G-Pay or Apple Pay.

It is also worth paying attention to BitGo, which has recently added support for XRP. The main advantage of this wallet is its protection, which is provided by multiple signatures. Its functionality is much wider than other programs. So, here you can set a spending limit (somewhat similar to a card limit) and multi-user access if you own cryptocurrency together.

Toast Wallet

This is a wallet that allows you to store Ripple on your smartphone or PC. Versions are available for Mac OS, Windows, Linux, IOS, Android, as well as a browser version of Chrome.

Let's consider creating a mobile application. To do this, go to Google Play or AppStore and download the application to your gadget. The official website of the wallet is https://toastwallet.com/.

1. To install on Android, download the application and read the user agreement.
2. Select the Create Wallet item and create a new wallet.
3. Enter your PIN code and passphrase.
4. Generating a wallet address.

To activate the program, you must deposit at least 20 XRP coins into your account.

To receive XRP into your account, copy your wallet address or use the QR code.

To install on iPhone, go to the AppStore and perform the following steps:

1. Download the application.
2. We accept the user agreement.
3. Enter the 6-digit password.
4. Generating an address.
5. Enter a nickname.
6. Enter the key phrase and save it in a safe place.

After downloading and registering, access to the wallet functionality opens.

Mobile applications cannot boast a high level of security. At any moment, a smartphone can become infected with a virus, which will lead to the loss of digital assets. However, mobile wallets allow you to carry out transactions from anywhere in the world and at any time. When using the mobile application, do not forget to install a good antivirus on your phone.

Cryptonator

This is another online wallet for storing XRP and making transactions quickly and securely. Supports 15 cryptocurrencies and allows direct transactions and instant exchange between them. Charges low fees and opening an account is free.

Security is a strong selling point of this wallet, with a two-step verification process, encrypted SSL connections over HTTPS, and trusted internet protocols for enhanced account security. It is also said to provide bank-grade security and therefore the privacy and anonymity of your identity is guaranteed.

Available as an extension for Chrome and as an application on Android.

Toast desktop

In April 2022, the desktop wallet Rippex Wallet stopped functioning. Today you can use Toast as a local wallet. This is a lightweight wallet that does not require downloading the entire blockchain. It installs quickly and works quickly.

1. To create a wallet, go to the official website and select the appropriate version.
2. Once the installation is complete, launch the program and click “Create a new wallet.”
3. We enter a 6-digit password with which we will enter the application.
4. We come up with a secret phrase that we will use to confirm transactions. To create, use numbers and letters of different registers. We save the phrase in a safe place, inaccessible to unauthorized persons.
5. The service generates a 6-word phrase that provides access to fund management.
6. The program will offer to donate funds for the development of the project. You can skip this item by clicking the “Not this time” button.

Next we get to the program interface, where we create a new account, Add account. Enter your nickname and passphrase (step 4). We finish the process by clicking Import new address. At the last stage, we create a backup copy and transfer it to a safe place.

During the download and installation process, the program gives simple tips that allow you to create a wallet without the slightest difficulty.

Not everything for XRP

Many people know this platform as one of the fastest in terms of transactions. Banks that cooperate with the company unanimously speak of the absence of significant shortcomings of the network. It is likely that Ripple will conquer the entire banking sector and leave its main competitor, Swift, far behind.

But these are all achievements only in terms of international transfers. What is known about the work on the project’s cryptocurrency itself, XRP? It ranks third in terms of capitalization, participates in payments made through xRapid and xVia, and is a kind of seed for the full operation of the platform.

The developers are trying their best, this cannot be taken away. Over the 6 years of the project's history, they have achieved a lot. But there is one “but”: there is still no official local wallet for XRP. The company just didn't create it. Perhaps it is always in development, or perhaps there are no such ideas yet. Nobody knows for sure.

The best wallet for Ripple

To choose the best client for yourself, consider what other wallets support the Ripple cryptocurrency:

• Dice Wallet is a mobile universal wallet. Installation and registration take a few minutes. To work with the wallet, you must go through a verification process. The Dice Wallet program has mostly good reviews online, but it is not advisable to store large sums on the service, since it does not provide complete security. You can download the application on the official website https://www.dicewallet.com/.
• Paper wallet https://www.xrppaperwallet.com/. This is a service for cold storage of cryptocurrency. Secret keys are generated offline (without access to the Internet) and printed on a piece of paper. Using a paper wallet eliminates the risk of hacker attacks. The main thing is that the secret key does not end up in the wrong hands.
• CoinPayments is a multi-currency payment platform that has been operating since 2013. The service is protected by blockchain technology and two-factor authentication. For any operations within the service, the owner immediately receives a notification. The resource offers many unique functions, for example, “Safe”, where users can block different amounts for different time periods. To download the wallet, go to https://www.coinpayments.net/.
• Ledger is a hardware wallet that guarantees complete protection against theft of funds. To conduct a transaction, the physical device must be connected to the computer via a USB port. The only drawback of the wallet is the price of 90 US dollars. You can buy the device on the website https://shop.ledger.com/.
• Cryptonator is a multi-currency online wallet that offers a built-in currency converter and exchanger, a function for tracking exchange rate dynamics, and gift certificates.

You can make instant cryptocurrency exchanges and monitor exchanges with favorable rates. To create a wallet, go to www.cryptonator.com.

You can also store Ripple cryptocurrency on the following exchanges:

• Binance;
• Poloniex;
• Bittrex;
• OKEx; and others

For users who engage in trading or frequently make exchange transactions, it is more convenient to use exchange wallets. But there is no need to keep large amounts of money on such services, which are intended for long-term storage. Despite the increased level of security that all cryptocurrency exchanges use, they continue to attract hackers.

Reference! The safest service for storing cryptocurrency is a hardware wallet. Even if it falls into the wrong hands, it is almost impossible to find out the secret key.

BitGo on CoinPayments

BitGo is only known for BTC payments, but on CoinPayments (the largest you can use this service for any digital currency, including Ripple. This makes the transaction and payment process very fast. This means you can instantly invest money or sell coins if you see movement prices.

Complete security . To ensure user security, CoinPayments uses BitGo with multi sig technology. No transaction can be made without the approval of the account owner.

Link to bank accounts . At the beginning, the feature was only available to Canadian users. It is now available for users from the USA and the European Union. This allows you to withdraw money to your bank accounts.

The CoinPayments wallet has advanced features. You can not only use your XRP for buying and selling only, but also as payment in different online stores.

Where can you buy Ripple

After creating a Ripple wallet, you can make transactions with cryptocurrency. You can purchase XRP coins with other digital coins and with fiat money.

There are 3 ways to buy Ripple:

1. Exchanges.
2. Exchangers.
3. Direct exchange.

On exchanges, as a rule, the exchange rate is lower, but the resource may additionally charge a withdrawal fee. Therefore, you need to pay special attention to this nuance. A list of popular cryptocurrency exchanges with reviews can be found on the website https://bitmakler.com/birzha.

Let's look at the process of buying coins on the famous Poloniex exchange. You first need to register on a cryptocurrency resource and top up your exchange account. Then we select a suitable currency pair and place a purchase offer.

To exchange Ripple you need:

• go to the “Exchange” tab, where the chart with currency pairs is located;
• indicate in the table the currency that we are selling, and in the list that appears, select Ripple (the table is in the upper right corner);
• At the bottom of the terminal, click the “Buy XRP” button.

After completing these procedures, a window will appear where the amount of funds in the account and the minimum price of the XRP cryptocurrency will be displayed. We enter the rest of the information manually:

1. The price at which we are willing to purchase Ripple. If you skip this point, the system will automatically set the minimum cost. If you specify a different amount, a pending order is created. The trade will occur automatically when the price reaches the specified level. If you specify a higher rate, the system will buy all coins whose price is lower than the specified parameter.
2. Number of coins purchased.

The system will automatically calculate the amount of currency that is needed to purchase Ripple.

Click the “Buy” button and check the balance. When a pending order is formed, we wait for the order to be executed.

The second way to purchase Ripple coins is to use an exchanger. They all support fiat currencies and allow you to instantly purchase Ripple in different ways.

In the case of cryptocurrency exchanges, we considered the Dollar Collapse service. To monitor exchangers, use the equally relevant resource https://www.bestchange.ru/.

Here you can see current exchange rates, currency reserves and reviews of the resource. First, select the direction of exchange, for example, give Qiwi RUB, get Ripple (XRP). Bestchange will filter out exchangers that work in this direction. We select an acceptable exchanger in the table and go to it.

Let's look at the example of the first one on the list, 24paybank.com. By clicking on the link, we are taken to the exchanger calculator page. Enter the amount of rubles and see how many Ripple coins we can get.

To exchange, you need to enter your Qiwi wallet number (phone number), destination tag (optional), Ripple wallet address and email. Click “Start exchange” and go to your Qiwi account to confirm the transfer of rubles.

The procedure is similar for all services and takes 2-3 minutes. After completing the exchange, go to the Ripple wallet and check the balance.

In the same way we buy Ripple for Yandex. Money. We choose the appropriate direction, a site with a favorable rate and make an exchange.

To buy Ripple with a Visa card, we do the same steps, but instead of the Qiwi account number, we enter the bank card number. You can purchase coins using a bank card not only through an exchanger, but also through cryptocurrency exchanges that work with fiat currencies.

List of exchangers with high ratings for exchanging Ripple:

• Netex24 NET;
• All Cash;
• ProstoCash;
• WestChangeTop;
• Byware Group;
• 60sec;

The last way to buy Ripple is through direct exchange. It does not require intermediary services and allows you to transfer coins “from hand to hand”. You can find a seller on cryptocurrency sites and forums, for example, bitcointalk. Having agreed on a price, you transfer funds to the seller’s account, and he sends Ripple to your cryptocurrency wallet.

Note! Buy coins only through personal contact. Otherwise, you may transfer funds to the seller's account but not receive coins in return.

All of the above purchase methods are available in Russia.

Alternative methods

The electronic currency Ripple is new, but rapidly developing. Currently, a storage wallet can be opened not only by the above methods.

Additional services:

1. CoinPayments. The user can create a wallet for Ripple and other currencies that are used for various payments.
2. BitGo. The system recently added XRP. It is highly reliable; it is possible to set limits on spending funds. You can also download the smartphone application.

How to sell Ripple

The same methods are used to sell coins. The most profitable way is to exchange coins on a cryptocurrency resource. The EXMO exchange allows you to convert Ripple into rubles, dollars and Bitcoins.

To sell Ripple in this way, register on the cryptocurrency platform, go to the “Wallet” section, select the XRP cryptocurrency, click “Top up”, copy the Destination tag (destination tag) and address.

We go to the Ripple wallet, for example, Gatehub, and transfer the coins to the exchange account. To do this, paste the copied destination tag and address into the appropriate fields.

Funds are credited to the exchange account almost immediately. To exchange Ripple for another currency, go to the “Exchange” tab. In this section you make an exchange at the market rate.

You can also exchange Ripple in the “Trading” section. Here you can place a market or limit order.

When choosing a limit order, you must specify the sale price yourself. When the rate reaches the specified level, the transaction will be carried out automatically.

At the market rate, the transaction will be completed immediately. You only need to specify the amount of XRP.

After the exchange, you can immediately withdraw the purchased currency. The exchange offers several withdrawal methods:

User reviews

We have made a representative selection of reviews about wallets for storing and making transfers to Ripple, in order to make it easier to make a choice. We will be grateful to everyone who leaves their opinion about wallets for storing Ripple in the comments to this publication.

I do not recommend working with the Gatehub wallet. The first thing you will encounter is data verification. If you go past this stage, the system will freeze and give an error when withdrawing or depositing money on the site. The support is disgusting, they are in no hurry to respond to messages, and simply leave some without consideration.

Arseny

I work with the Toast wallet. There were some problems, but they were resolved quickly with the help of a prompt response from specialists. The support is at a high level. Respect!

Mark

I use Rippex and store tokens there. Its interface is clear, and there were no problems in operation. Now it is closed to new users, so the “oldies” are in luck.

Basil

To work with electronic currency I use a hardware wallet.
I had to struggle with setting it up, but there were no further problems. I am completely calm about the safety of my funds. The amount in my wallet is very impressive, by my standards, so I was forced to look for the most secure storage methods. Ledger copes with this task just fine. Maksim

Principle of use

Operation of the Ripple crypto wallet:

1. To transfer one currency to another, most banks make an intermediate transaction in dollars. The result is a double commission for the exchange and a noticeable loss of funds;
2. The Ripple wallet provides the system user with the ability to exchange currencies not into dollars, but into XRP;
3. Double exchange using the Ripple payment system allows you to reduce the commission.

An additional feature is that Ripple Valet is resistant to overloads, allowing you to complete a transaction in a few minutes. In addition, there will be more advantages after the transition to the system of all global financial organizations. In the future, it will be possible to exchange Ripple automatically, without special crypto wallets or registration on exchanges.

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This cannot be compared with international transfers. If you don't have a bank account, funds may be sent to you through something like Western Union. To receive money you only need to confirm your identity.

Cryptocurrency wallets are not tied to an individual. However, it is intended that only the owner has the keys to it. Accordingly, if a person can conduct transactions from an address, then he has authorized access to it. After all, it is almost impossible to hack a cryptocurrency wallet without receiving its password.

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The program shell creates good protection, but in this case the safety depends on the user himself. Be sure to set up an antivirus and scan every download. The wallet file (usually wallet.dat) needs to be moved to another location, since many hackers successfully get it from any computer.

There are no general significant shortcomings. As long as you keep your computers secure and use your wallet correctly, your XRP will always be safe.