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Looking for an XRP Wallet? Here are the Best Ripple (XRP) Wallets
Ripple (XRP) is a cryptocurrency project created by Chris Larsen and Jed McCaleb under Ripple Labs. It was primarily built as a digital asset to overcome several international banking problems, cross-border payments, and sourcing liquidity. As a result, XRP has remained among the top 10 cryptocurrencies by market cap since 2017.
The main target audience of XRP is banks and payment providers, where the speedy settlement time can function as a liquidity source. This allows Ripple to tap new and unexplored markets by leveraging blockchain technology. In some ways, Ripple builds on the existing financial infrastructure and tries to make it faster and more efficient.
Since Ripple is not a ledger-based platform, wallet compatibility for its native token – XRP, has been very limited. Furthermore, due to its complexity, there is a need to segregate the best wallets available for Ripple in the market, satisfying the user’s needs.
Need for A Dependable Wallet
There are several things to consider before settling on an XRP wallet provider. The characteristics of a wallet depending on the holder’s usage and preferences. Wallets range from hot wallets – that is secure and connected to the blockchain, to online wallets – which use a custodian to store funds, and finally, to a hardware wallet which is considered the most secure way to store funds.
After a careful survey, we have come up with a list of some of the most reliable Ripple Wallet providers in the market. Their usage and features span the entire spectrum of user preferences. We encourage our readers to look at the list and choose the Best Ripple (XRP) Wallet that meets their preferences.
Edge Wallet
Considered by several outlets as the Best Ripple Wallet to date, Edge wallet is a mobile multi-currency wallet for iOS and Android that displays advanced security features. Edge is a “hot wallet” connected to the Internet via a mobile phone. Rest assured; Edge is a highly secured application, supporting email-based backup, 2-factor authentication, and a wide range of security features. Users will be happy to know that Edge does not store any of the users’ credentials.
The Edge Wallet is one of the few applications in the market that supports the storage and transfer of XRP.
Major Features:
- 21+ Token Support
- Amazing UI
- Can Buy and Sell
- No 3rd Party in between
Platforms Supported:
- iOS
- Android
GateHub
GateHub is a highly influential player in the crypto industry. Besides being the market’s most secure and trusted wallet, GateHub is also a platform dealing with various services. GateHub is unlike most application-based wallets in that it is also the custodian of cryptocurrencies. It stores its users’ assets, who trust the wallet because of its security and ease of use.
GateHub supports XRP and allows you to receive, send, and store cryptocurrencies like ETH, ETC, REP, DASH, QAU, XAU, etc. One thing that sets GateHub apart is that it is both a Platform and a Wallet. The wallet allows you to store all your digital assets securely. In contrast, the platform allows you to trade cryptocurrencies with fiat currencies like USD, EURO, INR, etc., and even precious metals like gold and silver.
Major Features:
- A platform for Storage and Investment
- Analytics feature for the technical user
- Instant crypto-to-crypto and crypto-to-bank transfer
- Exposure to a wide range of investment tools
Platforms Supported:
- Online Wallet (Browser-Based)
The Ledger Series
The Ledger Series hardware wallets, i.e., Nano S and Nano X, are some of the most popular and versatile hardware wallets out there. The best feature of hardware wallets is that they are more secure and trustworthy than online or Hot wallets. So secure your Ripple assets with the most trusted hardware wallet. Cold storage wallets are typically encrypted devices that store users’ XRP and other tokens offline. That added encryption provides a layer of security against the threats emerging from being connected to the Internet.
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Ledger Nano, a hardware wallet for Ripple and other cryptocurrencies, makes currency usage easy, secure, and hassle-free. By connecting a compatible device with Nano – a PC or a mobile, users can start storing cryptocurrencies immediately.
Major Features:
- Secure hardware storage
- Increased Security
- 23+ coins support
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