Looking to buy Ripple XRP ? Read Our New Guide : An Ultimate Guide to Start Investing in Ripple XRP (Buying Guide) in 2018
In past 2-3 years, the digital currencies are getting popularity day by day. The reason behind their popularity is the increase in the price. Today, the most expensive currency of the world is the Digital currency like Bitcoin. But Bitcoin is not the only currency which you should know about when someone talks about the digital currencies. There are many other including Ripple coin. Ripple (XRP) is known as the reasons behind all the other digital currencies because it was the first one which was invented in 2004 but went public late in 2012.
Today, the value of Ripple XRP is being increased day by day. In past few weeks, it has been valued hundreds of times higher than the value it starts trading online. There are many reasons behind the popularity of Ripple coin, one of them is its investors which includes Google and many other popular names. This brings the trust factor in the eyes of investors for Ripple XRP. That’s why the investors who cannot afford BTC prefer to purchase XRP and invest their money in this currency.
“As you know that the digital currencies are not registered under the law of any country. So, you have to be very careful when you are choosing a wallet for your digital currency. Because if you choose a wrong XRP wallet, you may lose all of your money in no time. Spending time to getting an understanding of different Ripple coin wallet is important to protect yourself from the scam and fraud. To help you with this, I bring the review of 6 best Ripple XRP wallets.”
Read Also: 5 Tips To Protect Your Digital Currenies
Update: At this moment (March 2018), below listed wallets are best we got to store XRP. I use the first one.
1- Ledger Nano S: (Editor Choose)
Imagine you can have Ripple XRP coin in your pocket. Yes, this is possible not with only Ripple XRP but also with the other digital currencies including Bitcoin and Ethereum. The Ledger Nano S is a wallet which has been designed for the digital currency. Unlike other wallets which have been developed for digital cash, this wallet actually has a physical appearance, which can be touched and carried in the pocket.
By look, this hardware wallet for Ripple coins looks like a USB device but it can store unlimited Ripple XRP in it with no limit. Simply attach it to your computer, laptop or even mobile with the help of a digital cable and use your Ripple coin as you wish. You can send, and receive Ripple coin with this small hardware wallet easily. It has all the options which you have required to make your Ripple coins secure and safe from hackers.
The Ledger Nano S cost is 79.00 € ($95) but at the same time, you are getting totally different, unique and hardware wallet for your digital currencies. Although, there are extra security features in Ledger Nano S Ripple coin wallet due to which the $95 price of Ledger Nano S is justified.
In the box:
In the box, you will receive the wallet The Ledger Nano S, a USB cable, introduction and recovery sheet and other accessories to make it easy for you to use the wallet.
To make this wallet more secure and safe for the users, the developers have added extra security features to it. In case, if you lose your wallet somewhere or someone steals it from your pocket or from anywhere else, then the person can’t get access to your Ripple coin without your permission. The company has added the option to make it more secure, simply by allowing you to set a password for your wallet.
The small built in the display will allow you to see your transaction in real time. By this, you can confirm that the transaction really took place. The button will allow you to control the transaction. To make it feel safer for the users, the company has added the physical button through which you can confirm the transaction. The display will show you the transaction when you withdraw the Ripple coins.
Here we are talking about the best wallet for the Ripple coins but I would like to tell you that, Ledger Nano S is not limited to Ripple coins only. It can accept almost all types of digital currency. The other popular currencies which can be accepted as assets by Ledger Nano S including Bitcoin, Altcoins, Litecoin, and Ethereum etc.
This ledger wallet for digital currency has the ability to automatically make the backup of your account to keep it safe for you. So, in case if you lose it or someone steals from you, you can easily get the access to your account. This backup has been made on the recovery sheet, which is different for each wallet user.
Step By Step To Setup Ripple XRP Account On Ledger Nano S Wallet:
2- Toast Wallet:
Toast Wallet is a free open-source Ripple (XRP) wallet which anyone can use.
Toast Wallet is one of the most convenient wallets being used for storing your Ripple XRP. The process of store Ripple is quite simple in this wallet that anyone can use it easily. It offers a lot of security for the transferred funds. Following are the main features of this wallet.
The very first feature of this wallet is that it is available for almost all the platforms. The users can use it whether they are using Windows, Android, and even iOS. Separate applications of this wallet are available for each platform.
2-Easy to Use
Another benefit of using Toast Wallet is that it does not take transaction fee and is totally free for all users. You only have 20XRP reserve to process your transactions.
CoinPayments is a cryptocurrency payment website which allows you to store your digital currency online in their wallet. It works in same way as your physical bank work. They accept more than 250 different types of altcoins where their transaction fee is only 0.5%. This fee is same for all types of investors. The company is registered and based in Canada and known as one of the most authentic and legit cryptocurrency payment platforms.
Like other cryptocurrency platforms, the CoinPayments does not limit you to only exchange and invest your altcoin through their network, but they allow you to use your money for online shopping purpose too. Today, there are thousands of online stores which accepting CoinPayments as their method of payment.
Initially, CointPayments is free for all users. Anyone with valid email ID can register for CoinPayments wallet. The fee is only charged when a user makes a transaction. The fee has been charged for different types of transaction which include:
- Commercial deposit
- Incoming payments
The general fee of CoinPayments is only 0.5% of all types of transactions. The size of the transaction does not affect this rate. This applies to all types of investors.
Withdrawals of coins:
The wallet service has some fee but there is no fee on the personal deposits on the wallet. It is 100% free. The wallet withdrawals are also 100% free until you are not using it for the commercial items or using it as a method of payment while shopping online.
Biggest payment network:
CointPayments is one of the fastest and largest payment networks. There are more than 296,000 vendors in 182 countries, who are now accepting CoinPayments as a method to accept of payment from their customers. With this big achievement, CoinPayments has made it easy for users who have digital currencies to use it, as the paper money. You can purchase anything from anywhere or even withdraw your Ripple XRP in your bank with the help of CoinPayments.
The other similar websites only allow you to use your coins in the wallet for the purpose of the investment. This limits you to use your own money. The coinpayments is working with many online stores and e-commerce softwares which allow you to make the purchase online. You can use your Ripple XRP coin wallet as your personal wallet to make payment on different platforms,
CoinPayments is supported by the popular altcoin security website called BitGo. BitGo is usually known for the BTC payments only but on CoinPayments, you can use this service for any type of digital currency including Ripple Coin “XRP”. This makes the process of transaction and payment very fast. When it’s fast, it means that you can invest your money instantly or sell your coin if you see the increase in the price.
For the security of their user’s money, the CoinPayments is using a tool like BitGo. This is a multi sig technology which provides complete protection of your funds. No transaction can be made without the approval of the account owner.
Linked to bank accounts:
In the start, the feature of flat settlements was available for the Canadian users only. But now, the users from the United States and Euro merchants also are allowed enjoy the flat settlements options. This allows them to get their money in their bank accounts. It works in same way as Payment works. You click on withdraw and get money in your bank.
The company is based in Canada and now it’s accepted by more than 296,000 online vendors in different countries. This gives users the guarantee that the company is not scam or fake. You can use their services for the Ripple coin wallet purpose. Their wallet comes up with advanced features. You can not only use your Ripple for the purchasing and selling purpose only, but also for as a method of payment on different online stores.
The advanced security features, vault options, and BitGo make it a versatile platform for payments. So, if you are looking for a secure cryptocurrency for your Ripple XRP coin and Ripple wallet, then you should get registered with CoinPayments now without getting worried about its legit status. The registration is 100% free and their fee on transaction and wallet is also less as compared to their rival companies.
4- Abra Wallet
Abra is the only global app that allows you to buy, store, and invest in 20 cryptocurrencies in one place. Fund your wallet on your mobile phone with fiat or bitcoin. Then invest in bitcoin “btc”, ethereum “eth”, ripple “xrp”, bitcoin cash, litecoin, dash, and many more cryptocurrencies – instantly.
Abra is actually an mobile application that is providing the services like a wallet and crypto exchange all across the world. It is a unique application available both for android and iOS users. Recently, this wallet and exchange has included Ripple XRP into its network. Abra Wallet offers the users to trade in almost 20 different cryptocurrencies. It even offers the users to buy Ripple XRP through exchanging their fiat currency. It offers support for 50 fiat currencies. One of the important features of this wallet is that it allows the users to exchange between cryptocurrencies without any transaction fee. There is also no limit of how much you can buy or exchange through this wallet.
Still, many people are reluctant to use this wallet because of its unreliable authority. There are also chances that Abra application for android and iOS may discontinue anytime. Only the users have access to their private keys in this wallet. This means that the users may face any issue at any time if they lose their keys. If the company suspends the support, you will have to convert your cryptocurrency back to Bitcoin. Otherwise, your balances may become unusable.
Using this app is not at all difficult. You can sign up in a few steps after downloading the application on your android or iOS device. The app has beautiful and attractive user interface. All the transactions through this wallet take place in no time.
5- EXARPY (Still New “Under Testing”)
Note: This wallet is still new and not highly recommend .. (For more safety I highly recommend Ledger Nano S Wallet)
Exarpy is an interface that allows the users to interact with Ripple’s network. It has no affiliation with the Ripple but only facilitates the users for using its network. This wallet is reliable, fast, secure, and quite simple to use. One of the most attractive features of this interface is that the users can use it on almost all the devices. Using this interface takes 0.025 XRP fees on each transaction. The users can use it fearlessly because it does not store any of the information about the user. A cryptographically generated PIN is given to the user to login and use this wallet. The users can store, send, and receive any amount of Ripple through this wallet.
You can check FAQ section here before getting started.
Currently, GateHub is dealing with several popular digital currencies including XRP and BTC. The process of depositing money and purchasing Ripple XRP coins on GateHub is very easy and fast. They allow their users to purchase Ripple coin by paying money directly through a bank but unfortunately, you need to purchase BTC first and then convert it into other digital currencies including Ripple XRP coin.
Gatehub is one of those Ripple coin wallets which have been mentioned on the official website of Ripple coins (Ripple lab). It has been quite a time now since Gatehub is offering services of wallet for Ripple XRP coin. Investors trust on GateHub most because Ripple coin has mentioned it in the list of their wallet where they are also offering several interesting features on their website.
The main features which GateHub is offering to their investors are interesting and make it easy for investors to manage it for investment purpose.
Easy to use:
First, the layout of the wallet is simple and easy to use. The wallet shows a complete history of the payments and shows the exact amount which you have used to purchase Ripple XRP coins. They send notification by email related to the financial transactions to keep the users updated about the financial value of their wallet.
Accepted by online stores:
It has been time now since the Gatehub is offering their wallet services. Many online stores now accept them as a payment method. So, you can use your Ripple coin for the online shopping purpose, it is not limited to trading purpose only.
The GateHub’s analytics section shows the real-time rate of XRP, USD, and other currencies. This makes it very easy for the users to invest their money on right time. The analytics stats also show stats by graphics. This makes it easy for the users to understand and operate their wallet account.