Last Updated on October 4, 2023 by cryptocreed
There are many cryptocurrencies on the internet but not all survive such a long period. Ripple is one of the earliest crypto coins founded in 2012 and currently ranked number 4 per Coinmarketcap report. You should choose best best XRP wallet to store Ripple.
It was founded by three main heads, David Schwartz, Jed McCaleb, and Arthur Britto.
Founders allegedly fell in the case with the SEC (United States Securities and Exchange Commission department). They challenged the SEC in court. The matter was to accept whether XRP is a security or not.
United States Court passed orders in favor of Ripple, saying XRP is not security. Which increased the price of XRP up to 50%.
Who Should Hold XRP? Which Type Of Ripple Wallet I Should Use?
Primarily there are two types of crypto wallets, Cold Wallet and Hot Wallets. Cold wallets are used to store coins for the long term and hot wallets are used to store coins that you need to use daily or frequently.
If you are a holder then XRP is the best coin for holding for the long term and for that Hardware and Ripple Paper wallets are the best options.
But if you are a frequent user or trader then mobile wallets or desktop wallets can be your first choice.
Note: I do not recommend using exchange as a wallet for the long term. If you want to hold coins then go with the non-custodian wallets that give you access to your private key.
Exchanges can be used by daily traders, small amount holding, staking, or anything that can’t put you at a bigger loss risk.
Activate Your Ripple Wallet
Ripple is not like any other cryptocurrency, we know that to use any other crypto you simply store it in your wallet but for Ripple, you have to activate your wallet first.
Which is an automatic process, what you have to do is deposit a minimum of 10 XRP in your wallet. It is non-refundable.
7 Best Ripple Wallet To Store XRP Coins
You might find many articles suggesting the top 10 or 15 best ripple wallets but we know all of them are not safe, if they are safe then all of them are not easy to use.
At cryptocreed, we aim to provide easy knowledge to everyone while focusing on newbies. Hence we selected 7 safe, easy, and popular XRP wallets. In short, we have chosen the best wallet for XRP for you.
Coinbase – Safest Ripple Wallet
Coinbase is one of the oldest and most highly trusted companies/wallets or platforms where you can buy and sell cryptocurrencies. It includes all major coins including Ripple, Bitcoin, Ethereum, and others.
It is also a publicly traded company on the American Stock Exchange with the stock ticker of COIN.
They are currently operating in more than 100 countries, so probably you can get your Ripple wallet in your country. Coinbase is supported on both desktop and mobile devices. You can download their app for your iOS or Android devices.
Why Choose Coinbase? With Coinbase you can Buy, Sell, and Trade your coins. Earn up to 8% APY on your coins holding/staking. They support bank withdrawals & deposits.
Binance – Best Place To Store & Trade XRP online
For me, Binance is the second most trusted crypto platform in the sense of safety and security of users’ funds just after Coinbase.
With Binance you can do almost everything that you wish to do with your crypto. You can start staking your XRP with Binance (when available) or you can trade XRP when you want.
It supports more than 800 coins and tokens including Bitcoin, Ethereum, and Ripple. Supported by many different government authorities.
Binance is available for Android, iOS, and Desktop devices.
Why Choose Binance? Binance offers holding, trading, staking, buying, selling, trading nfts, mining, and much more. You can earn up to 100+% on your Ripple or other coin.
Ledger – Offline Ripple Wallet
Ledger is one of the highly secured hardware wallets that supports Ripple coin. You can receive and send XRP coins through your Ledger hardware wallet.
The thing it makes hard to use is the technology and the way it can be used. I suggest newbies use hardware wallets very cautiously. First start testing it with a small amount and once you find that you are able to handle it then you can use it as your wallet.
Hardware wallets are mostly used by holder, the one who keeps their coins for a long time, a year or more. A ledger wallet might cost you at least $300. If you are planning to purchase then go with a better version than a cheaper one.
Why Choose Ledger? The makers are highly experienced. It is widely used by major players in crypto. Security is their priority. Use it if you have big amounts to hold. Ledger is best ripple hardware wallet.
Trezor – Offline Best XRP Wallet
Trezor is a hardware wallet that supports more than 1000 coins and tokens including Ripple coin. One of the best XRP wallets. Trezor is not better than Ledger in my opinion but still, it is a highly secure wallet.
It can become one of the best ripple wallets for storing XRP and other coins offline. You can use Trezor to store, receive, and transact your Ripple coin. You can create a ripple wallet using Trezor within seconds.
They have mobile and desktop apps as well which you can use to access your wallets or ripple wallet offline.
Trezor has two different Trezor wallet models, the cheapest one will cost you $70+ taxes, and the secured one will cost you $219+ taxes.
Why Choose Trezor? Most secured hardware wallet. Cheaper than a Ledger hardware wallet. Can be accessed through mobile and desktop apps.
Ripple Paper Wallet – Best Ripple Wallet Generator
Paper wallets are free, safest, easy to use, easy to store, and easy to access type of wallets. Paper wallets come in open source format which can be used on your computer.
If you ask me which type of wallet are safest Ripple wallet? then I will suggest paper wallets. But the problem with them is caring, yeah you have to store your private keys in some safe place or remember them. Because once you lose them you will lose your coins forever.
Here is the list of the best Ripple Paper Wallets.
Why Choose paper wallets? easy to use, safe to use, can be used anytime & anywhere, and supports every device. Good for long holders.
AtomicWallet – Best Ripple Wallet For Desktop
Do you want to store XRP coins on your computer or desktop devices? Then AtomicWallet might help you with this.
AtomicWallet supports more than 1000 coins & tokens. On AtomicWallet you can Send, Receive, and Exchange your Ripple coin.
They have a staking feature as well but it is currently not enabled for XRP coins. It is a non-custodial wallet which means you get access to your wallet, not a platform.
Why Choose AtomicWallet? Non-custodial wallet. Safe and easy to use for newbies. Can work in any supported device. Has features like exchange and staking.
Edge Wallet – Best For Mobile Devices
Looking for mobile wallets to store XRP? EdgeWallet is a mobile wallet with more than 700K downloads on both iOS and Android. Edge Wallet was founded in 2014 in San Diego
It is also a non-custodial wallet which means you have access to your wallet and access of your private keys.
Why Choose EdgeWallet? If you are not satisfied with the above-mentioned wallets and looking for a mobile wallet then you should choose EdgeWallet.
How To Create A Ripple Wallet?
First, you have to choose the type of wallet you want to use and your needs. If you are fully ok with your mind on the type of wallet then you can choose any above-mentioned wallets you want to use.
The one who is planning to hold it for a long and has no daily use can use hardware or a paper wallet.
If you are planning to use your XRP on a regular basis for sending and receiving purposes then go with self-custodial wallets.
But if you are planning for daily trade then Coinbase and Binance are best.
Frequently Asked Questions – FAQ
What Crypto wallet supports ripple?
All major cryptocurrency wallets do support Ripple where you can deposit and withdraw your coins easily. Hardware and paper wallets also support Ripple for storing it.
What are the best XRP paper wallets?
Any wallet that is open source is always safe to use but you have to check if the provider is legit or not. We made a list of legit paper wallets for XRP here.
Should I put my XRP in a wallet?
Any crypto coin should be stored in a crypto wallet and should not depend on exchanges or custodial wallets.
How many XRP wallets are there?
There are many XRP wallets that you can use but we found the safest and best wallets to use and made the list above.
What is the minimum XRP wallet?
To activate your XRP wallet you need to deposit at least 10 XRP coins to your Ripple account until then your account will be not activated.
What is the maximum amount of XRP?
There is no maximum limit for storing coins in your wallet. You can deposit as much as the amount you can or want.
Best way to store XRP?
The best wallet for Ripple is AtomicWallet for desktop users, Ledger for hardware wallets, and paper wallets for long-term holders.