Unlike Bitcoin, Ethereum, and other flagship digital currencies supported by many wallets, there are few multipurpose, dedicated Ripple (XRP) wallets. Here are some of the best XRP storage wallets.
Before we introduce the best wallets for Ripple storage, you need to know one important thing about this digital currency:
Unlike other digital currencies, which do not cost to keep in a wallet, keeping ripples in a wallet requires at least 20 ripples (XRP) that cannot be withdrawn or transferred.
So, for example, if you add 1,000 ripples to your wallet, 20 ripples will be non-transferable forever. For this reason, it is better to choose a suitable wallet for Ripple so that there is no need to spend more money to build multiple wallets.
To view all Ripple wallets, you can refer to the “Ripple wallets page”. However, not all wallets available for Ripple have good credit and security. Here are eight XRP storage wallets that have been serving users for a long time and have passed the test.
Attention: The following wallets are the best wallets available for XRP storage and have been researched extensively. However, in the field of digital currencies, unlike centralized systems, everyone is responsible for their own assets. Therefore, be sure to download the software and devices introduced in this article from the original and reputable sources and beware of malware. Also, do not forget to make a backup of your wallets. Backup wallets usually give you a set of 12 or 24 English words that you should write down in a safe place. If you do not back up your wallet, you will no longer be able to access your assets by deleting your wallet or causing problems for the device on which the wallet is installed.
Ripple Hardware Wallet
Hardware wallets are often referred to as the safest possible options for storing digital currencies. Ledger and treasury wallets are the most well-known hardware wallets that minimize the possibility of hacking by cold storage (offline) of private keys.
Ledger Nano S and Ledger Nano X.
The two Nano S and X wallets, manufactured by the French company Ledger, are, without exaggeration, one of the best storage hardware wallets, which are considered XRP. The Ledger Nano and Ledger X are both about the same level of security, but the Ledger X is newer, supports more digital currencies, and has a better look and feel. You can send or receive ripples by connecting this device to a mobile phone or computer running Windows, Mac or Linux.
Model T Treasury
Unlike the older Treasury One wallet, the Model T Treasury wallet supports Ripple. Founded in 2013, Treasury launched its first hardware wallet for Bitcoin in 2014. Treasury wallets, like Ledger, support hundreds of tokens and digital currencies. The design of this wallet is different from the nano ledger, which is similar to the USB flash drive.
There are many apps available for both Android and iOS to keep Ripple on your mobile phone. Here are three of the best XRP mobile wallets.
Edge is a multi-valued mobile wallet that stores assets on the user’s mobile phone. The wallet was launched by AirBitz in 2014 and is available for Android and iOS platforms. Edge Wallet uses a username and password instead of 12- or 24-word pages to secure assets. This feature can be attractive to users who are new to digital currencies.
Toast Walt is an open source wallet that will be easy and convenient for everyone to use. The makers of this wallet have said that it is as simple to use as your grandmother can use, and has a level of security that a Swiss banker is comfortable with. The good thing about this wallet is that it is “non-hosted” and you can check your private keys at any time. Toast Volt is currently available for Android, iOS, Windows, Mac and Linux. The chrome extension of this wallet has also been recently developed.
Trust is a user-friendly and multi-valued wallet owned by Bainance Exchange. This wallet is designed for mobile and is available for Android and iOS platforms. The strength of the trust is its ease of use. There is also an exchange office in the wallet for trust to facilitate the transfer of digital currencies. Trust is an open source and insecure wallet, and users’ private keys are not stored on any server.
To store Ripple on your computer, in addition to being able to use your own ToV wallet, multipurpose wallets such as Atomic Volt are also available.
Atomic Wallet is another multi-valued wallet that can hold more than 300 other digital currencies. This wallet does not store private keys, but private keys are stored on the user’s device. After the first launch of the wallet, a CD or 24 recovery words are displayed, and after saving it, the private keys are stored encrypted on the device, which can be a computer or phone. This wallet is available for Windows, Mac, various Linux distributions as well as Android and iOS.
Exodus wallet is one of the most popular and practical digital currency wallets with a very attractive user interface. In addition to desktop platforms (Mac, Windows and Linux), this wallet also supports Android and iOS. However, the number of supported coins on desktop platforms is much higher than on mobile platforms. It is possible to save, receive, send and exchange Ripple on all these platforms.
After hardware wallets, paper wallets are commonly referred to as the safest way to store digital currencies. This type of cold storage (offline) is highly secure due to the wallet not being connected to the Internet. You can use the Minimalist Ripple Client site to create a Ripple paper wallet. To make a wallet using this service, it is better to disconnect your device from the Internet for more security, because after the page is fully loaded, you no longer need the Internet. Then you have to click on “generate identity” in the “identity” section and then see the private key by clicking on “show / hide secret”. Under no circumstances share your private key with anyone. The Ripple public key starts with r and should not be confused with the private key. In general, it is recommended that you choose one of your phone or desktop wallets to store Ripple because it is easier to store recovery words than a private key.