The Best Ripple Wallets In the Crypto Market

As for Ripple, XRP is the native token of this blockchain ecosystem.

Created in 2012, this ecosystem’s main users are financial institutions and banks. The platform works as a settlement network for international transactions to significantly improve traditional financial systems with. Ripple facilitates exchanges between financial institutions from different countries without using any central mediator. The XRP coin is the native token of Ripple. 

Currently, several renowned banks and transaction settlers use the Ripple solution. 

Please note that unlike other cryptocurrencies, Ripple does not really host an independent model. It’s no longer in the hands of the parent company that initiated the project, which is Ripple Labs. If you want to invest in this crypto, however, you’ll need the best Ripple wallet for the purchase and storage of your coins. Here are the top-10 Ripple wallets for XRP tokens.

The Top-10 Ripple Wallets 

Ripple is supported by dozens of wallets. After careful study, we selected these ten best Ripple wallets for public use. They include physical and software wallets, being in the form of an app or web browser. We will also cover Ripple wallets that are hosted by crypto exchanges.

eToro Wallet

eToro is a stock broker with its own Ripple wallet. We recommend it for those who use this stock broker since eToro allows you to invest into cryptocurrencies also. The eToro Wallet conveniently stores Ripple (XRP) but also converts them into other assets. To access this service, you will need to be registered on the platform and then verify your identity.    

For the simplest method of buying XRP, you can use the eToro platform which enables you to purchase Ripple without holding a wallet.

eToro

• Simplified Accessibility
• Supports 120+ cryptocurrencies
• Integration with eToro

eToro

4

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Exodus

With Exodus, you have a very intuitive interface. We especially like the fact that you can pair other wallets, such as Trezor, to your Exodus one. You’ll be able to distribute your XRP across several wallets for greater security, maintaining control through a single platform.

Exodus

• Multicurrency support
• Automatically adjustable fees
• Responsive customer support

 

Exodus

4.3

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Trust Wallet

Trust Wallet is popular and thought of as one of the best Ripple wallets among users of the Binance platform who purchased it in 2018. It’s designed for the secure storage of several cryptocurrencies, including XRP. On the security side, the wallet remains ahead of the market. 

You can access multiple features like purchasing XRP from Trust. For those who know more about virtual currencies, DApps can be integrated for more advanced features. This is among the best wallets for Ripple, and it’s beginner-friendly in our view.

Trust

• Enhanced security
• Integrated staking option
• No hidden fees

Trust

5

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MyEtherWallet

MyEtherWallet (MEW) is dedicated to storing ETH and ERC-20 tokens from Ethereum. It’s easy for professionals and beginners to use. Using the wallet is also completely free. It’s an open source wallet, which guarantees permanent updates over your lifetime of use.

MyEther

• Specialized in Ethereum/ERC-20
• Allows offline transactions
• Compatible with hardware wallets

 

MyEther

4

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Ledger Nano X

Ledger Nano X is one of the best options if you’re interested in cold or offline storage. Its unparalleled functionality and reliability make it a very popular solution in the crypto market. Compared to other wallets, the Ledger Nano X has more advanced features and technology. 

This tool is equipped with bluetooth connectivity to simplify your daily use.

Ledger

• Portability and durability
• Integration with applications and services

Ledger

4

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KeepKey

Although it is little known, it must be stated that KeepKey is one of the best XRP wallets for the Ripple network. In terms of security, this tool is acceptable and satisfying. Once you access your KeepKey wallet, you’ll have the ability to trade crypto using a ShapeShift integration.

KeepKey

• Fee-free transactions
• Sleek design
• Easy conversion

KeepKey

4

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MetaMask

MetaMask does not natively support Ripple, but you can add XRP from the BNB Chain network as well. When registering on MetaMask, you won’t be asked for your personal information. 

Indeed, the wallet guarantees your privacy.

MetaMask

• Multi-platform access
• Non-custodial wallet
• Multi-network interoperability

MetaMask

5

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Trezor

As a top Ripple wallet, Trezor guarantees great data security as well as ease of use. However, it’s not suitable for beginners in the world of cryptocurrencies. Note that this is an open-source wallet, so new features are added frequently, which can be modified based on your preferences. 

Binance

We appreciate Binance, mainly, for its multiple functions. With it, you can exchange XRP, buy other tokens or use the platform for trading. Internet users get assistance 7 days a week, 24 hours a day. The user interface may seem difficult at first, but a few hours is enough to master it. 

Binance

• Wallet designed for DeFi
• Renowned exchange wallet
• Total control over your cryptocurrencies.

Binance

4.6

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What Is a Ripple Wallet?

Comparable to a traditional wallet, an XRP wallet is where you keep digital assets safe to use when appropriate. With an XRP wallet, you’ll safely store your XRP tokens. You’re free to transfer them to other wallets also. An XRP wallet is how you receive XRP crypto on demand. 

The best XRP wallets can track your transaction history. Some of these Ripple wallets enable you to purchase XRP with a credit card, such as Trust Wallet, for example. Sometimes, it’s possible to exchange your XRP for other crypto within the wallet. Your XRP wallet works based on your “public and private keys.”

Data keys represent the address of your wallet. To receive XRP from another person or to transfer tokens to a wallet, you will need this account data. Just communicate it to your sender, and they can use it to send you XRP tokens. The public key generally comes in two forms. These forms are either a QR code or a long succession of alphanumeric characters. 

As for the private key, it’s comparable to your “signature.” We’ll say more precisely that it is a personal secret code. This key is used to access your accounts and to carry out various transactions. As the name suggests, it is private information, so you should not disclose it. Beware of people who ask you for your data keys on behalf of any company offering a wallet.

Off- and Online-Ripple Wallets

There are two types of Ripple wallets out there. They’re the hot or cold wallet. Each of these portfolio types has its strengths and weaknesses, so be considerate of the following. 

Ripple’s Cold and Hot Wallet Comparison 

We compare the types of wallets via four points—Access, Cost, Security and Recovery.

Cold Wallets for Ripple

A cold wallet is kept disconnected from the Internet. This is its main characteristic. In general, a cold wallet is in the form of a hardware tool that can be used for storing cryptocurrencies. You’ll find them, for example, in the form of a USB key or resembling an external disk. Cold wallets are best known for the level of security they offer. 

No one has the ability to fraudulently access a cold wallet from the internet. Only holders of the hardware and data keys can unlock it or make transactions. Note that paper, which can be used to write your data keys on, is considered a cold wallet also. It’s not accessible online.  

A paper wallet is, itself, a unique coupon. It contains valuable information such as QR codes and private keys. This data allows you to access a wallet and make transactions with it. Many people use paper wallets for their level of security, for it is in no way connected to the Internet. On the other hand, the risk of damage, theft or loss is possible. 

As for Ripple’s hardware wallets, these are electronic devices that securely store virtual currencies. With this hardware, your XRP is protected from phishing sites, malware, cyberattacks … etc. Users can connect a hardware wallet, though not all, through different blockchain networks simultaneously and for carrying out transactions with.

The advantages of a cold wallet for Ripple

Among the many benefits of a cold wallet, security, ease of transport and customization are important. You’ll also want to look for the following: 

• Security: This is the most important advantage of a cold wallet. Your XRP and other crypto remain offline, reducing any risk of attacks via digital networks. To steal your tokens, the hacker must have the hardware and its authentication codes. 
• Ease of transport: A cold wallet is easy to transport. Whether in the form of hardware or paper, it can also be hidden easily.
• Different solutions offered: Several companies offer cold wallets with innovative technologies. You have a choice between a range of crypto products adapted to your budget and even some for staking purposes.

The disadvantages of a cold wallet

A Ripple cold wallet not only has advantages. There are some drawbacks such as cost, difficulty of use and risk of damage. Here’s a better look: 

• The cost: A cold wallet can cost up to $200. This is the price you pay to enjoy your maximum level of security. 
• Difficult to use: It is practically impossible to access your tokens without having your equipment on you. If you often trade or do online transactions, you’ll be limited. 
• Risk of damage: A paper wallet is easily damaged by water or fire. Even hardware can break due to a fall or become unusable after being immersed in water.  

Hot Wallets for Ripple

Unlike a cold wallet, a hot wallet is connected to a web server. Therefore, it can be accessed from anywhere as long as there’s an internet connection. A hot wallet is easier to use and offers several advantages over a cold wallet. 

There are several types of hot wallets—PC wallets, web wallets and mobile wallets. Desktop wallets offer better security compared to web wallets. A mobile wallet is recommended if you use your wallet frequently. It’s the most convenient solution for making daily transactions. 

The advantages of a hot wallet for Ripple

A hot wallet is more practical for using crypto regularly. It offers simplicity and accessibility. Here’s a better look:

• Ease of use: Most cold wallets have an intuitive interface. You usually have just a few buttons for accessing essential features through. 
• Accessibility anywhere: A hot wallet can be used anywhere and at any time. What you need are your data keys and an internet connection. No need to carry extra equipment.

The disadvantages of a hot wallet

A hot wallet has some of the following weak points to consider: 

• Security: Being accessible on the web, hot wallets are often subject to cyber attacks.
• The cost of transactions: Sometimes, the cost of a transaction is quite exorbitant. Find out about these costs before storing your tokens.

Want to make Ripple transactions with Trust Wallet?

Trust Wallet is undoubtedly a beginner-friendly option. It offers trading features like the integrated Multi-DEX, but you need to download and create a Trust wallet via the App Store. The download is free, and opening an account doesn’t require personal information. 

When creating an account, take note of the passphrase generated by the application. Once the account is created, enter the wallet’s dashboard. Click on the tab in the upper-right corner by “XRP;” then, activate it by clicking on the button. Ripple will then be added to your wallet.

Trust

• Enhanced security
• Integrated staking option
• No hidden fees

Trust

5

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