The internet offers online payment systems that use different currencies. In the crypto space, the Ripple wallet and the XRP digital coin are separate in their ways, and if you deal with digital currencies, then you have bumped into the Ripple platform. Ripple is a payment platform that allows online transactions through its cryptocurrency, the XRP.
The XRP is a popular digital currency across the world, with a market capitalization coming to $7.9 billion, at the time of writing. The Ripple wallet uses this currency, whose performance keeps shooting because of its uniqueness. The current value of XRP is around $0.18 on CoinMarketCap. Its ability to facilitate global payments makes it popular across various sectors.
Many people prefer this service because of its efficiency and speed in online transactions. Many financial institutions also use it due to its accessibility and global reach that makes business flow. In this piece, we have combined a list of the best Ripple wallets that will interest you in 2020.
Things to Consider Before Choosing a Ripple Wallet
When looking into a Ripple wallet there are a few aspects that you should consider:
- XRP support: The first and most obvious thing is to make sure that the wallet supports Ripple;
- Multi-currency support: If you are interested in storing other cryptos besides Ripple, look for a wallet that has support for your preferred coins;
- Easy-to-use interface: Choose an XRP wallet that has an easy to use interface;
- Continuous development and support: Verify If the wallet is supported by an active development team that keeps working on upgrades and bug fixes;
- Security: Look into what security measures have been implemented to secure your funds;
- Backup features: Your wallet must have backup feature should you have to recover your funds.
It’s one of the best Ripple wallets with at least 3.5 billion users. Atomic Wallet supports more than 300 cryptocurrencies, including XRP. It can also function on Linux, Windows, and Mac operating systems. The wallet allows you to carry out cryptocurrency transactions and even those that could use a bank card.
Another advantage of Atomic Wallet is that the user gets a chance to win rewards after validating transactions. It’s convenient and straightforward to use this wallet because you can install it on your phone. Those in the XRP business recommend it due to the features it contains and, most of all, a smooth user interface.
The wallet can store all of your information, including blockchain balances, with a private key that is unique to you. This particular key is formed out of a mnemonic seed. An Atomic wallet guarantees safety and control whenever you choose to use it.
Ledger Nano S
This wallet supports several crypto assets, XRP being one of them. The hardware wallet was developed by a start-up in France and became one of the safest storage for cryptocurrencies. It looks like a flash drive, but it has an OLED screen that authorizers any transaction on the hardware. It accepts cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and a lot of other altcoins.
Before setting up Ledger Nano S for the first time, ensure that all your funds are safe through the 12-24 words long seed. The seed words are important because it limits hackers from accessing your funds. While the wallet allows the user to store a certain number of other coins, it can store an unlimited number of XRP coins. Besides, it’s malware proof in the sense that its initialization and restoration phases can be done separately without any outside attack.
This hardware makes it easy and secure to access your currencies and to carry your digital funds around. For it to be functional, it needs a compatible device that will enable you to transact XRPs. The device can work offline when you store the private keys safely. When you have a compatible device, such as a PC, it can function normally, and hackers wouldn’t access your information as they want.
Guarda is an Estonian-based wallet provider, that offers support for a wide variety of cryptocurrencies. In addition to XRP, the wallet also supports 40+ coins such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash, Monero, NEM, NEO, EOS and many others.
Guarda has apps for most major desktop and mobile operating systems, as well as a web and chrome extension.
The wallet also has incorporated multiple services for crypto management such as a built-in crypto exchange, direct fiat purchases for crypto and Guarda Token Generator.
Guarda is a non-custodial wallet, meaning that only you have access and can manage your private keys. All keys and backups are encrypted via Advanced Encryption Standard (AES).
Ledger Nano X
The same company that made the Ledger Nano S also came up with Ledger Nano X. These cryptocurrency wallets are hardware and very powerful. They are affordable, and all funds can be accessed offline. They also make great options when it comes to user experience, making them the best Ripple wallets to watch for your XRP storage.
The Ledger Nano X looks like a USB device. For you to access your funds, you need to plug it into a desktop device and access it through the Bluetooth feature on it. This Ripple hardware wallet is very secure because of a pin code protection that asks for authentication each time you use it. Besides, it has recovery features; hence, you can count on the security of your cryptocurrencies.
Additionally, the wallet is built for long-term use, and that’s why it’s flexible. Ripple wallet is a digital asset; hence, it should have maximum security for its contents. The hardware wallet supports many tokens and cryptocurrencies, which could be up to 1000.
It connects easily with both android and iOS devices, so you don’t need a USB or an OTG cable. As you manage your funds on the Ledger Nano X, the device has an improved UI design, which makes it a little different from the ledger Nano S.
When we talk about XRP wallets, the Toast Wallet would never miss among the best. This wallet is available for different users, as it provides both desktop and mobile wallets. The wallet features a simple interface that is compatible with a number of platforms, including iOS, Android, Windows, Mac, and Linux.
The developers of this wallet made it in such a way that even your grandmother can trust it. It means it can serve both new and experienced crypto users. You can control your funds wherever you are because everything is designed to increase security. The wallet is a hot storage for XRP and less susceptible to external attackers.
It works more effectively when all the essential information used is available as a backup. This button is on the settings menu; hence, it is efficient for a recovery process as well.
This one is a non-custodial cryptocurrency wallet that you can access on both iOS and Android. The Edge wallet is very private; hence, one user could control all the digital assets from where they are. When it carries out transactions and exchanges, its features run from a mobile device, making it ideal for XRP.
Security-wise, it will need a name and password that will encrypt your account, making it inaccessible by hackers. It backs up your account automatically and only works with a private master key that will help you use the account. It also has a 2-factor authentication process, which means your data is secure every time. This feature gives it a great advantage because of the recovery process in case you forget your details.
The wallets mentioned here are the best XRP wallets with amazing features that make them stand out. However, these wallets carry out one important activity, which is to facilitate global transactions and payments. The Ripple wallet features vary in terms of security, accessibility, and efficiency. It is advisable to research and find one that is best for you so that your information is not easily lost.
Note: This post was originally published on 11 March 2019 and has been totally updated for the completeness and veracity of the content on 14 April 2020.