549
views

Looking for an XRP Wallet? Here are the Best Ripple (XRP) Wallets

The Rise of Ripple

Ripple (XRP) is a cryptocurrency project created by Chris Larsen and Jed McCaleb under Ripple Labs. It was primarily built as a digital asset designed to overcome several international banking problems, cross-border payments, and sourcing liquidity. XRP has remained among the top 5 cryptocurrencies by market cap since 2017.

The principal 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 already 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. 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 usage and preferences of the holder. Wallets range from hot wallets – that is secure and connected to the blockchain, to online wallets – that use a custodian to store funds and finally to a hardware wallet that 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 preference. 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 considered a “hot wallet” connected to the Internet via the 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 credentials of the users.

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 most secure and trusted wallet in the market, 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 of the things that set 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)

Toast

Toast is an open-source XRP specific wallet. The open-source nature makes it incredibly simple and more secure than most providers. This combination of security and simplicity has made Toast wallet one of the most downloaded Ripple wallets for iOS and Android.

Toast boasts the widest range of support for XRP. It has released applications for 7+ platforms, both mobile and desktop. One of the best features of Toast is that it is a fully open-source project, overseen and developed by members of the Ripple community themselves.

Major Features:

  • Exclusive Wallet for XRP
  • Multi-platform Support
  • Open-Source and dependable
  • Multi-layered backup

Platforms Supported:

  • iOS
  • Android
  • macOS
  • Windows
  • Linux
  • Chrome (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. 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.

Bitcoin live price
Btc
Bitcoin
$20.125
price
1.14705%
price change
BUY NOW

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 right away.

Major Features:

  • Secure hardware storage
  • Increased Security
  • 23+ coins support
Stay up to date with our latest articles

More posts

Here are the Benefits of Auditing Your Smart Contract with SolidProof

Auditing a smart contract is vital to ensure that the code functions as intended. SolidProof offers a wide range of services to help with this process. The company guarantees a sound audit process and an experienced team of auditors.  Here are the benefits of auditing a smart contract with a reputable company such as SolidProof: A wide range of services: SolidProof offers a wide range of services to help with the audit process, including code review, security analysis, and more.…

Smart Contracts Vulnerabilities Specific to The DeFi Space

As the financial world moves increasingly online, it's becoming more and more essential to ensure that all transactions run securely. One way this is possible is through the use of smart contracts.  Smart contracts are computer programs that automatically execute the terms of a contract. They provide a secure way to conduct transactions without relying on third-party intermediaries.  While the use of smart contracts offers many advantages, they are also vulnerable to attack. In this blog, we will explore how…

Malicious Attacks on Smart Contracts that Auditors Can Easily Identify

With many businesses adopting blockchain technology and Smart Contracts, offering reliable security audits in the industry has become increasingly important.  Businesses may protect their assets and contracts by recognizing and preventing harmful assaults. This blog post will explore the different attacks a group of criminals can carry on Smart Contracts. We'll also look at real-world instances of assaults to help you secure your contracts. What are Smart Contracts? Understanding the Benefits of This Technology What are smart contracts? They are…

How Smart Contract Audit Can Help Prevent Hacks

As companies move toward implementing smart contracts, the need for technical audits becomes increasingly essential. Having a third-party auditor check your contracts for vulnerabilities can prevent your company from suffering from a hacking attack.  What are Smart Contracts? A smart contract is a script that automatically carries out a contract's provisions. Smart contracts are self-executing, meaning that once the system verifies the meeting of pre-determined conditions, the contract will automatically execute. This eliminates the need for intermediaries such as lawyers…

Top 10 Ways to Earn Free Bitcoin in 2022

Here are the best ways to earn free Bitcoin when your purse is light. --- Are you interested in Bitcoin, but still hesitant to risk putting money towards it? Alternatively, are you looking to sat every sat possible, but lack the dry powder to buy more? Here’s a secret: you can put more bitcoin in your pocket without spending a dime – or even doing any real work.  That’s not to say you’ll earn much bitcoin without either of those…

Are Gold-Backed Tokens Worth Investing During Crypto Bear Market?

The crypto market is under the complete control of bears, investors taking short positions to profit from declining prices. In this unstable environment, new capitalists are fearful or skeptical when funding projects. Instead, they turn to more reliable assets that would not wipe out their portfolios when or if they flop. Gold-backed tokens represent a category of assets ready to provide portfolio stability and allow investors to overcome the bear market without too many losses. On the contrary, gold-pegged tokens…

What is Taro? Trading Assets and Currencies on Bitcoin

Taro leverages Bitcoin, lightning, and Taproot to enable the peer-to-peer transfer of currencies and assets beyond just BTC. —  Worried that Bitcoin is too boring to play within the growing digital asset economy? Fret no longer.  Using Taro, the original blockchain network can support the decentralized exchange of multiple assets – including fiat currencies. Moreover, the protocol works together with the lightning network, letting users transact – instantly and for free – with non-BTC-denominated balances.  Read below to learn about…

What is Fedimint? The Custody Solution to Bitcoin Privacy

Fedimint combines distributed custody with blind-signed ecash tokens to let Bitcoin users transact in private. --- Despite its growth, Bitcoin still faces some glaring limitations to reaching mass adoption as a fully censorship-proof payments network. One of them is privacy. Bitcoin’s ledger is fully open and public, meaning anyone can track another person’s transactions if they know his public address.  The other is a custody problem. While wallet software UX has improved considerably over time, many Bitcoin holders still store…

What Is a Crypto Bear Trap?

Cryptocurrencies are often incredibly volatile and can see massive price swings in a short time.  This makes them ripe for bear traps. A bear trap is a situation where traders wrongly think a coin is about to reverse a downtrend. These events often result in significant losses.  This guide will discuss crypto bear traps, how to identify them, and the risks involved in these situations. Introducing Crypto Bear Traps A bear trap happens when a trader buys assets, expecting the…

Understanding the GameFi Phenomenon

The GameFi industry is changing the way people think about gaming and finance. It provides a new way for gamers to interact with each other and earn money. It is also giving people a new way to invest their money.  The GameFi industry has the potential to change the way these industries operate. This guide will look more closely into this new business, covering several features. What Is the GameFi Sector? The GameFi sector is a crypto-based industry that uses…