Currently, Ripple (XRP) is the second largest cryptocurrency in the world, and by marketcap, after bitcoin.
In the past few months, the ripple went up in price by 977% and people who invested in the cryptocurrency are making a lot of profit already.
Ripple (XRP) token was created by Ripple Labs Company as an open source payment network to serve as a settlement network, which allows anyone to transfer any currency to another currency in a matter of seconds. This is an attempt to remove third-party systems like that of Western Union or SWIFT.
Where can you buy Ripple XRP Cryptocurrency?
There are many methods and places to get your ripple (or XRP) coin, but here are two tested and trusted best ripple exchange from which you can safely buy your ripple cryptocurrency:
#1. Binance: This is a cryptocurrency trading platform. They are partially offering limited registrations right now, but if you can succeed to register, you can buy Ripple with your Bitcoin investment. The price of ripple in Binance mostly, is lower than any other exchange platform if you already have BNB in your wallet, and this is why it’s one of the best ripple exchange. BNB is mostly used on the platform for transaction fees which cuts it upto 50% discount.
#2. Changelly: This is one of the fastest platform you should be using to get altcoins. You can actually use them to safely convert BTC to any Altcoin (including Ripple XRP coin). Changelly is a popular website to exchange BTC (or other cryptocurrencies like; ethereum), and it can be said to be one the best ripple exchange for getting XRP coins fast.
Incase you don’t have any idea of how to purchase coins from Binance, i will suggest you use changelly to convert any of your cryptocurrency to another cryptocurrency of your choice.
Actually, i am a bigger fan of changelly exchange platform. They’re known by other prominent crypto traders. I will simply say, they’re tested and trusted by many investors.
Now that you have known about ripple and have known the right platforms to buy from, let me show you the wallets you should be using to store all your ripple coins safely.
Although, am going to list some of the free ripple wallet app in the market, i recommend having cryptocurrencies stored with a hardware wallet, as it’s the most secured method to safely keep your cryptocurrency investments. Once you successfully buy a ripple cryptocurrency, the next thing that will come to your mind will be how to store them safely.
In this post, i am going to discuss about best, fast and the most secured wallets to keep your ripple crypto coins.
Note: Some ripple wallet app needs a certain balance of XRPs to activate your ripple wallet offline address. This is mostly known as the XRP wallet cost.
What are the best Ripple Wallets this year?
Unlike Bitcoins wallets which are free, some ripple wallets may require that you get a minimum of 20 XRPs before you can store ripple coins and have an address for receiving it. So this means that, if you have upto 500 XRP coins, 20 XRPs will be used to book the wallet address.
This is the reason you may not want to use multiple ripple wallets. Just pick the right wallet (hardware wallets mostly recommended) so you don’t loose 20 XRP on many wallets.
Now, let’s get to talk about the best wallets to store ripple safely.
Ledger Nano S hardware wallet device is a popular choice for storing cryptocurrencies by many investors and traders. Being a hardware wallet is the best way to store your Ripple coin and away from hackers. Ledger Nano S is a HD cold storage wallet device. It offers great security, ease of use.
I recommend Ledger Nano S Wallet because, it supports so many other cryptocurrencies which XRP is one of the latest cryptocurrency recently added for support. It also has an OLED screen that can help you to keep full track of your transactions. This ledger wallet is highly recommended, because it’s one of the best ripple USB wallet.
This hardware wallet device is been trusted by many people who has very huge number of cryptocurrencies holdings. It is mostly safe from theft and hack attacks because it stays offline, meaning that it doesn’t need Internet connections to keep your ripple crypto assets.
If you order the wallet, it will take only about 5-7 days (depending on your location) to arrive at your doorstep.
2. Toast Wallet
This is an open source software ripple wallet to store your XRP coin. It is said to be very simple for your grand mama, but secured for a swiss banker. Anybody can use this wallet, and one of the things i like about this wallet is that it’s a non-hosted wallet. This means you have full control of your private keys.
Its unique feature to store private PIN in offline mode made it the best ripple desktop wallet to store ripple coins safely in 2019.
Toast ripple wallet is available in Android, IOS, Windows, Mac-OS (Apple Macintosh Laptop) and Linux systems.
3. Guarda Wallet
Guarda is a lightweight cryptocurrency wallet for both Web version and mobile phones. It supports most of the stable as well as popular cryptocurrencies. Due to its reliability, it is known as a good wallet for Android and IOS to store XRPs and other altcoins.
Just like other offline wallets, Guarda does not store client or wallet data. The private key is stored in device’s secure memory and deletes itself if you log out from the wallet. It is a full anonymous wallet.
It enables you to shift your assets a cryptocurrency to yet another one smoothly without KYC (Know Your Customer) process, limits and complex verification procedures.
This is a cryptocurrency trading platform that is currently allowing new users to register. This exchange has a mobile app that enable its users to trading cryptocurrencies and also Ripple (XRP) coin. It’s of high quality, and you can also keep your XRP temporary on the platform for trading, then transfer it to another offline wallet like Ledger for HODLing.
However, it’s not advisable to store your ripple coins on an exchange for too long, because it they can shut down at any time and you loose everything at an instant. Recommended method of keeping cryptocurrencies is using an offline or cold storage devices.
Cryptonator is a web-based cryptocurrency wallet that is available for Windows, Mac, and Linux operating systems.
This wallet has support for 19 cryptocurrencies like Ripple, Bitcoin, Ethereum, Dash, Litecoin, Zcash and a range of other altcoins. It has a user-friendly interface and instant free exchange feature, which made it one of the best Ripple wallet in 2018.
It offers bank-grade security by having an encrypted SSL connection over HTTPS, two-factor authentication and trusted IPs. But since it’s an online wallet, i will still not advice you to keep your ripple in such a wallet, because you risk it all to theft and hackers if they should figure out your login details.
6. Edge Wallet
Edge cryptocurrency wallet is an open source software, and it’s the only software wallet that allows you to buy cryptos with fiat, and from crypto-to-crypto. All these are available in mobile phone only.
It is available on Android and IOS mobile devices only. Edge users needs l to sign-up for a username and password to create and encrypt accounts before any information hits the phone disk.
Edge also gives the options to ramp up the security of their account by Password Recovery and their One-Touch 2-factor authentication set up.
CoinPayments is not just a wallet, but yet another exchange platform which works quite similar to a bank where you can open an account and store currency. It accepts and supports more than 100 altcoins with a very low transaction fee.
Their website is easy to navigate and intuitive interface, making it user-friendly. It has integrated with Magento 2 Store and uses Magento 2 cryptocurrency Wallets to store your coins. It also has a mobile app for Android and iOS users, so you can download and use it wherever you go.
8. Exarpy Wallet
This wallet is yet another type of non-hosted ripple wallet online. Using this wallet you can store/receive/send any amount of Ripple without any third party involvement.
However, one thing about this wallet is that, it’s paid wallet and charges 0.025 XRP per transaction which includes the Ripple coin network fee.
9. Ripple Paper Wallet
This is the type of wallet where you write out your private keys on a piece of paper, but this is not a recommended way of storing your ripple coins as it can tear or get touched by water. Paper wallets are for people who doesn’t want to use the desktop or online wallets, but cannot afford hardware wallets like Ledger Nano S or Trezor..
Note: Paper wallets are very risky method used to store any cryptocurrency, because it can be lost instantly through theft or misplacement. And this may lead you into loosing all your ripple coins.
Final recommendation on best Ripple Wallet
If you are a serious cryptocurrency investor, i would suggest that you use hardware wallet like Ledger Nano S Wallet to store your ripple coin, as it will allow you to have complete control of your ripple coin investment. Storing ripple coins in other kinds of wallet is not bad though, but it’s not safe when you want to hold (or HODL) your cryptocurrencies for a long period of time.
However, Binance is also one of the fastest growing website for trading cryptocurrencies. They have a good number of stable altcoins on the cryptocurrency trading platform.
You can also buy ripple at a cheap price on Binance due to the fact that they cut off 50% discount on the price of any cryptocurrency you’re buying when you have their BNB coins in possession which serves as the transaction fee.