Ripple (XRP) is no. 3 on the list of cryptocurrencies by market cap, currently over $11 billion. For the time being, this altcoin is one of the most promising ones, so if you’re wondering what the best Ripple wallets are, you’re in the right place!
Investing in Ripple can bring you significant earnings if done properly, so if you haven’t purchased any yet, here are some of the most popular exchanges that allow you to do so: Gate.io, Binance, Bitfinex, Bitstamp, CEX, Changelly, Kraken, Bitso, and many others.
Best Ripple (XRP) Wallets
Before we discuss the best Ripple (XRP) wallets, there’s one important thing you should know. Bitcoin wallets are free but Ripple wallets require you to have 20 XRP to book your wallet address.
This means it’s a good idea to use just one Ripple wallet unless absolutely necessary to avoid paying that fee multiple times. All you need to do is choose the perfect Ripple wallet from the first try!
Ledger Nano S
Ledger Nano S is a popular hardware wallet that provides support for XRP. Hardware wallets are one of the most secure ways of storing crypto, plus they’re user-friendly and portable.
Besides XRP, Ledger Nano S can hold other crypto coins such as BTC, ETH/ETC, Dash, Zcash, and Stratis. You can order the Ledger Nano S from the official website.
Toast Wallet is a free and open-source Ripple wallet that’s both secure and intuitive. It’s a non-hosted wallet that ensures you fully control your private keys.
This wallet supports all major platforms, specifically, Android, iOS, Windows, and Mac OS.
Exarpy is another Ripple wallet that you can access via a web browser. This is also a non-hosted wallet and allows you to store and transfer XRP without relying on third-parties.
Nevertheless, it’s worth mentioning Exarpy is a paid wallet and you will be charged 0.025 XRP per transaction. The amount also includes Ripple’s network fee. If you’re interested in Exarpy you can learn more on their support page, which includes a section for tutorials as well as a FAQ.
Gate.io is a cryptocurrency trading exchange, not an actual Ripple wallet. However, it does provide a mobile app that allows you to trade, send, and receive XRP while on the go. Registrations are open and creating a new account is free.
Binance is a very popular exchange that also allows you to create an XRP wallet and purchase the currency as well.
It’s worth noting, you shouldn’t keep your crypto funds on any exchange as they are vulnerable to attacks/hacks or an unexpected shutdown that might leave you without funds.
Even so, Binance is one of the safest exchanges and an overall great place to buy XRP with your Bitcoin/Ethereum quickly and easily. Once you do that, you can transfer your coins to your Ledger Nano S or another hardware wallet that offers XRP support. You can learn more about this well-known exchange by checking our Binance review.
How to buy Ripple (XRP) with USD/EUR
While not exactly a wallet, CEX.IO is one of the most popular places people buy Bitcoin from with USD/EUR and it quickly became a go-to shop for many altcoins including XRP. The service is very popular mainly because it allows customers to buy cryptocurrency using their debit cards or credit cards. Also, CEX.IO has a mobile app for both iOS and Android, allowing you to buy or sell on the road.
For now, these are the best Ripple (XRP) wallets, although you can expect more popular wallets to add support for XRP, and the number of exchanges is rising as well.
With that said, if you plan to invest in Ripple, your best bet for storing the coin is a hardware wallet such as the Ledger Nano S so you will have full control over the coins.