Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. Copay also secures your wallet with multiple signatures and allows several users to use the wallet at the same time making it a good option for friends or family. Before money can be sent, each member must approve the transaction. There’s a mobile and Mac desktop app which looks sleek and elegant on macOS.

First steps to Store Ripple XRP

It seems to us that Ripple XRP prepares for a renewed investor bull splash. When the price dropped down to $1.01, the company in the effort to obtain independent peer review released two new white papers. This is considered to be a measure that will help to reduce negative gossip about cryptocurrency working. The main question still remains the same: what is the best way for investors to buy and safely store Ripple XRP?

How to Buy Ripple XRP & Store Coins on Windows Mac & Linux

The real problem with Ripple XRP for market newcomers is their poor knowledge base - they simply don’t know how to store tokens safely or even how to buy them.

If you try Google in order to search ‘best Ripple XRP wallet’, you can find Trezor hardware reviews. This means that in order to get secure storing place of Ripple, you need to buy wallet and expensive high-grade hardware as well.

Lucky we are: buying and storing of XRP mustn’t feature any difficulties or demand high costs.

Let’s buy Ripple XRP on Binance & Store Currency Using Toast

Let’s repeat – the easiest way to buy Ripple is to sign up with Binance cryptocurrency exchange, take your BTC and buy Ripple.

It will take you a few minutes to sign up at Binance and a few seconds to trade BTC for Ripple XRP. Nevertheless investors can face with difficulties when searching for alternative XRP store place. Less than dozen of free secure XRP wallets currently exist. Furthermore, a lot of wallets have poor and even negative reputation due to hacker attacks.

Toast - The Easy to Use Linux Mac & Windows XRP Wallet

This wallet is described as easy to use cross-platform Ripple wallet that provides great safety level comparable with a Swiss bank.

It is available on different Linux distros, for example Ubuntu, also on Mac and Windows as well as it can be found at IOS and Android app stores. We consider Toast to be the best Ripple XRP wallet currently existing on the market. Here are its pros:

• supports fee-free XRP transactions
• fully open-sourced system
• easy to backup
• connects directly with the Ripple XRP network and never provides any intermediary exchange
• it allows clients to generate paper Ripple XRP wallets

Our Guide: Get your Toast for XRP Storage

Download it via link https://toastwallet.com or visit App store to get your Toast.

As soon as download is completed, learn attentively how Toast works. Do not forget to create a recovery passphrase before making any deposit of XRP tokens. Do not deposit big sums of money if it is your first deposit – try the minimum! In case you succeed without any errors, you can proceed with larger sums.

Ripple XRP Wallets List

Gate.io:

Being non-typical Ripple wallet, Gate.io features full-fledged exchange. They have app for mobiles that eases the processing for all users, as they can use their gadgets to trade, receive and send Ripple coins. You can get free account here and it is considered to be one of the high-quality exchanges currently accepting new registrations.

Binance:

This rapidly growing exchange shows high level of service. It was launched in 2017 and constantly adds support of new cryptocurrencies for users’ comfort. Get a Ripple wallet via Binance and your XRP will be at your disposal.

You need to beware – never store your XRP for more than 1 day on any exchange – the resource can just be shut down or get any troubles like hackers’ attacks. Don’t put your values at the big risk of being lost or stolen.

Ripple Wallet App

As for me – in case of urgent need of XRP I go to Binance and convert my BTC into XRP. Then I store received coins in Binance wallet, but just for minimum of time.

You get one more bonus of buying and storing XRP on Binance – you can get 50% discount on the trading fee. It can be received when you exchange ETH and BTC to XRP. After that you can transfer these XRP to the secure wallet with XRP support: Ledger Nano S or similar hardware one.

For now, these are the top Ripple wallets I recommend for immediate working.

If you are the cryptocurrency investor try Ledger Nano S that provides total control of all your values inside.

We assume Toast Wallet and Exarpy wallets for Ripple are secure enough and legit.

And of course we suppose the nearest future will give us more secure wallets with XRP support that will ease storing of Ripple for all of us.

Neither Binance nor Gate can offer you secure store of your XRP. Their inbuilt exchange wallets are designed just for temporary storage. We don’t recommend you to keep your XRPs here – lucky you are if nothing happens during this very period.

01.The Best Ripple Wallets

Below, you will find a table containing what I consider to be the best Ripple wallets on the internet. In the different columns I have listed different functionalities, characteristics and features of each wallet example as well as a Review. If you are having a hard time deciding which wallet is perfect for you just from the table of information, feel free to check out each wallet’s review as there you will find detailed information.

Complete List of Ripple Wallets

If from the list of best wallets for Ripple nothing stands out as the wallet of your choice, don’t worry. In this section I have compiled a complete list of all wallets that can support XRP. Again, like in the previous table, I have added all the extra features and characteristics that each of them has in order to help you with your choice. In case that you need more information than shown below, you can always check out each Review and get more details.

One of the main questions that you need to answer yourself is how you will be using the wallet. If you are a person that is on the move a lot, then a mobile or hardware wallet will be a perfect fit for your lifestyle. Otherwise, a desktop wallet would be more than suitable for your needs as it offers higher security features than a mobile wallet.

02. Common Features of Ripple Wallets

Let’s talk about some of the common features that the Ripple wallets share between themselves. As you may have noticed, most wallets that can support Ripple are so-called multi-coin wallets that support a multitude of crypto assets.

In the case of security features, if you have picked a mobile wallet you will have the QR code function, which will allow you to quickly scan and provide your public address to the parties that you would like to trade with. Also most of the wallets are using a centralized validation while only a few of them are actually SPV clients. I would like to elaborate further on these features in the coming sections.

Security and Privacy

I would like to mention that most of the XRP wallets are actually light nodes, so they don’t need to download the whole blockchain transaction history in order to be operational. Check out below the common privacy and security features they possess:

Two-Factor Authentication

Wallets with this function will require you to enter an additional field of information for every action you take with it. Great examples are Edge, Ledger nano S.

Multisignature

Wallets with this feature require multiple parties to sign the transaction in order to be confirmed on the network. Such wallets are BitGo, CoinSpot.

Hierarchical Deterministic

These wallets can create an unlimited number of pairs of keys for each transaction and in case that you need to recover the wallet, you just need to enter the master seed key. Some of the HD wallets are CoolWallet S, Toast wallet, Guarda.

Transaction Fee Management

Some wallets can offer their users the option to manage the transaction fees, but in the case of Ripple, there are no wallets that can offer that. This is due to the consensus mechanism that XRP is using making the fees change depending on the overall network load.

Also another thing to keep in mind is that most wallets will require 20 XRP “fee” in order to generate an address. This amount does not go to the wallet provider but instead is reserved in your account.

03.FAQ

• How to initially depose into my GateHub wallet?

  The minimum collateral needed to active your Ripple coin wallet is a deposit of at least 20 XRPs. They are reserved, and you can’t withdraw them.

• How to create an XRP Gatehub wallet?

  Simply click the “Add wallet” icon, enter your password and choose the option “New”. Type a wallet name and click the “Create” button.

• How to remove a wallet from your GateHub account?

  Three steps: go to “Wallet” section, click “Advanced” and then “Delete”.

• What are the destination tags in CoinJar?

  This is a required component when receiving transactions in some of the wallets. You should ensure to always include your destination tag when receiving transactions.

• How to view your receiving ripple address in CoinJar?

  Select the “Everyday Ripple” option in your account and check on the “Actions” drop down menu to click the option “View address”.

04.About Ripple

Ripple Wallet Ios

If you are interested in topics like financial institutions, then you might have heard the name Ripple before. A lot of banks are using Ripple, because it’s scalable, innovative and most of all – stable. It has more than 200 financial institutions as customers that offer fast and liquid transactions. Every time a transaction is made, a portion of the transaction fee gets burned hence reducing the circulating supply in the network. Ripple also does a lot of charity for technology development to multiple organizations like Ripple Works, DonorsChoose.org and Ripple University Blockchain Research Initiative.