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XRP is a digital asset built by Ripple Labs for cross-border payments. XRP is the native coin on the XRP Ledger – an open-source, permissionless, decentralized blockchain technology that can settle transactions in 3-5 seconds. XRP can be transacted without a central intermediary, making it a convenient instrument for bridging two different currencies quickly and efficiently.
The rapid increase in the value of XRP from $0.01 to $3 in 2017 made it a profitable and popular cryptocurrency investment. In 2023, people are still investing in XRP as their community grows. If you want to invest in XRP, you’ll need the best wallet to store, transfer, receive, and manage all your XRP coins in a single place.
When choosing an XRP wallet, it’s vital to pick a proper wallet right for the first time, considering that users must have 20 XRP to book their wallet address. From hardware wallets to paper wallets, there are different types of wallets currently available for XRP. Besides wallets, plenty of crypto exchanges offer users the to buy and store XRP on the platforms.
Nonetheless, storing your XRPs on wallets instead of exchanges is advisable to avoid losing money through hacks and scams. Here are the best XRP wallets you ought to consider.
Best XRP Wallets
Ledger Nano S Plus – Best XRP Hardware Wallet
The Ledger Nano S Plus is the most popular and versatile hardware wallet for XRP. It features a compact shape similar to that of a USB drive with an attached OLED screen. Like any other hardware wallet, the wallet generates private keys and digital signatures offline and within the device itself; hence, it’s difficult to hack.
Unlike other Ripple wallets that limit the number of stored XRP, the Ledger Nano S allows users to store unlimited XRP coins. Additionally, it supports other cryptocurrencies as well. Compared to other hardware wallets, the Nano S Plus offers more security and reliability than its outstanding security features, including 2-factor authentication, an individual PIN, and a recovery option. Additionally, users’ private keys are stored separately in the devices as it supports the cryptographic attested firmware uploaded in its dual-chip architecture.
The small, built-in screen lets users track their Ripple savings and transactions. The Nano S Plus makes XRP storage and usage easy, secure, and hassle-free. In addition, the wallet is compatible with a PC (Windows, Mac, Linux, and Chrome OS). At the same time, the newer version, Ledger Nano X is compatible with phones (iOS and Android) via Bluetooth connection.
Rippex – Best XRP Desktop Wallet
Rippex is the best Ripple desktop wallet, thanks to its enhanced security, transaction agility, and user-friendliness. The wallet confers users more control over their funds. It allows them to store Ripple, send, receive, and exchange XRP with integration into crypto exchanges. Apart from supporting cryptocurrencies, including XRP, Rippex supports several fiat currencies, including Euros, Yen, and US Dollars.
Rippex employs a multi-verification system to enhance security, with all transactions validated by the Ripple network. The wallet is also transparent since all transaction information is kept public, achieving transparency with special monitoring of users’ privacy. The wallet is handy for trading, considering it charges low transaction fees.
Rippex is available for Windows, Mac, and Linux operating systems. It also features a Mobile App that boasts an excellent interface and comes in handy when making quick transactions or fast trading decisions.
Enhanced security, transaction agility, and integration to exchanges make Rippex one of the best Ripple Desktop Wallets.
Atomic Wallet -Best XRP Mobile Wallet
Atomic Wallet is a lightweight and comprehensive crypto wallet that supports over 500 cryptocurrencies, including XRP. It’s available for Windows, Mac, and Linux operating systems. The wallet is integrated into Changelly and Shapeshift, allowing users to store, send, receive and exchange XRP and other cryptocurrencies, including Bitcoin and Litecoin. Experience instant exchange directly from the wallet.
Atomic Wallet boasts a smooth UI coupled with numerous features. The wallet offers an all-in-one, non-custody solution for XRP holders. In addition, it provides exceptional security since users; private keys are encoded on the device, plus the wallet is built on top of common open-source libraries.
What sets Atomic wallet from other mobile wallets is that it’s a fully decentralized wallet; thus, users don’t need to pass KYC or any other verification. In addition, the wallet doesn’t have access or control over users’ funds, enabling them to manage their crypto anonymously.
Ripple’s incredible growth in value still makes it a lucrative investment. However, to rip the benefits of XRP investment, you’ll need the best Ripple wallet. What is the best Ripple wallet available? There’s no definite answer to this question. Hardware wallets such as the Ledger Nano S Plus are undoubtedly the best option for storing XRP. Other crypto wallets, including desktop, mobile, and paper wallets, are excellent options and shouldn’t be overlooked.
Before choosing an ideal XRP wallet, research its security and critical features. Has this article made you choose the best wallet to store your XRPs safely?