How to Create a Ripple Paper Wallet - Coindoo
How to Create a Ripple Paper Wallet

Top 8 Best Ripple (XRP) Wallets – How to Create a Ripple Paper Wallet

Editorial Team Avatar
Oct 12, 2023
13 min reading time

As the cryptocurrency market is gaining attention once again after a long period of price decreases, users are searching for new ways to store their virtual currencies.

In this article, we will be talking about how to create a Ripple wallet to store your coins. Our guide will include multiple types of storage, such as hot and cold wallets and some of the most popular and trustworthy Ripple wallets on the market.

About Ripple (XRP)

Ripple, the company behind the XRP virtual currency, has been working in recent years to offer new solutions to financial companies worldwide to move funds across borders. If a company wants to send or receive money, it can use the XRP ledger services cheaply.

Ripple is among the most trusted digital currencies in the space due to the truly valuable concept it has developed. XRP is also listed on any major crypto platform and is supported by almost every crypto exchange and wallet.

Choosing the Best Crypto Wallets

There are many types of XRP wallets that you can use. Let’s see what are the most known crypto wallets and how they stand from the security point of view:

Custodial Wallets

This is not an ideal type of wallet, as the company has access to and controls users’ private keys. But for a beginner who has just purchased some XRP, that’s a decent option. For a bigger amount of XRP -you’d need a more secure cryptocurrency wallet.

Mobile XRP Wallets

A mobile wallet is an online Ripple wallet that can be accessed from your phone through a mobile app. However, it can be hacked by simply losing your phone for a few hours. This type of wallet is not the safest option out there.

Web Wallets

Some types of web wallets can offer a private key that can help you import your wallet. However, it’s not a 100% secure wallet, as your network might get compromised, and your private keys might be stolen. This type of wallet is one of the least used right now.

Hardware Wallets

As you may know, hardware wallets are considered among the safest XRP wallet options as they store users’ private keys offline. The Ledger hardware wallet is a great example, as it is used by millions of worldwide crypto investors.

Decentralized Wallets

These wallets are a great way to store Ripple safely, using private keys to access it. They are usually available on both desktop and mobile devices, they offer multiple wallets, and most of them accept XRP.

Paper Wallets

A paper wallet can be one of the best options out there. It’s a free Ripple wallet, and paper wallets provide a high level of security – if you store the private key in a safe place. However, you should research the paper wallet generators thoroughly, as many scams may lead to your funds being stolen or lost.

Hardware wallets – Is it worth storing XRP on hardware wallets?

Hardware wallets - Is it worth to store XRP on hardware wallets?

If you have already purchased your first XRP tokens from an exchange, you may want to know how to store these funds. Leaving virtual currencies on a crypto platform turned out to have a lot of downsides. This is why the best thing to do is to use wallets that can keep your tokens as safe as possible.

There are 2 companies that manufacture hardware wallets and that have been in the industry for more than 8 years.


These 2 hardware wallets are considered the best units on the market due to their security features and functionalities.

The best Ripple wallet would be the one that allows you to safely store your funds and protect them in the long term.  If you want to start using a Ledger wallet, you will have to get it from their official website. Ledger Nano S has a price of €79 and comes in a wide range of colors. Meanwhile, the Nano X model can be purchased for €149.  

To set up Ledger, you can simply follow the instructions provided by the company on their official website or through the instruction manual that you will find in the box. To send your first XRP to the Ledger you bought, you will have to download the XRP application to the wallet.

Then, start using the Ledger Live app that will guide you throughout the process of handling your coins.

The wallet is extremely user-friendly, meaning that it is highly unlikely you will have a problem receiving your XRP tokens or any other cryptocurrency supported by the device. 

Another good option is the Trezor hardware wallet. Since 2014, Trezor made a name for itself as one of the best hardware wallet manufacturers out there.

Trezor Model T – Probably the best crypto wallet

Trezor Model T costs €219, and you may store more than 1,000 cryptocurrencies on it. Trezor is also one of the safest XRP wallets that you can use – as you have access to your XRP tokens anytime by importing your private keys in another place.

Both Ledger and Trezor can be used with a laptop. They’re not desktop wallets, but for a good experience, you must use a computer.

Trezor Model T is one of the best hardware wallets ever created for crypto assets. A cheaper version is the Trezor Model One, one of the budget cold wallets.

You can store more than 1,600 crypto assets on it, and you also have access to private and public keys. Both models are similar, but the Trezor Model T has a touchscreen, making it easier to store XRP for beginners. However, no matter the security and safety features a crypto wallet provides, always remember to keep your private keys safe, as this will also keep your funds safe.

Furthermore, be careful if you choose a hardware wallet to store XRP – your private keys are the ones that can recover your XRP if you lose the hardware wallet.

Creating Your Paper XRP Wallet

The option mentioned above is very useful for long-term users who hold a large amount of XRP on their devices.

However, it would be somehow difficult for newcomers to start using a wallet that must be purchased and set up. 

If you want to store your coins and be the real owner of your funds, using a paper storage option is the best thing you can do if you do not have a hardware wallet.

A paper wallet is very useful because it would give you the peace of mind you need to store your funds, knowing they would not be accessed by hackers or attackers. To create your paper Ripple wallet, you will have to go to this website and follow the instructions provided there.

The process of creating such a wallet is very easy. You just need to generate your wallet (XRP address), print it, or download the application on your phone. 

How Does This Wallet Work?

This wallet will have similar functionalities as a hardware wallet, but it will simply be a piece of paper. This is why you need to be very careful how you handle this wallet. It can be lost or destroyed in an easy way if you are not careful enough. 

Once you have the wallet paper created, you will be able to send some funds to it. You will be able to do so from another wallet or an exchange if you have recently purchased some XRP coins.

The address that you will have printed is the address where you will send the coins. This Ripple wallet will have the possibility to receive as many XRP as desired. However, it is generally useful and recommended to have different wallets where to store your funds in case something happens to one of them.

Although this is a very good solution to store your XRP coins, there is a disadvantage: it is not comfortable to use it on a daily basis. You will find it extremely useful to store XRP if you don’t want to use them for a long period of time. 

Setting up a Hot Crypto Wallet for Ripple

If you want to create a hot XRP wallet, this may be easier and faster than other solutions. However, this is a less secure option than hardware or paper wallets, which are considered to be cold storage wallets – they are not connected to the internet. 

Hot wallets can be the solutions provided by exchanges, smartphone applications, or online services. There are many Ripple wallets in the market that can be accessed through the internet and that are very user-friendly. 

In general, if your strategy is to constantly trade your XRP tokens, you will definitely want to use these wallets not to store all your coins but to have a small amount of XRP that would be used at any time you desire to do so.

If you have the wallet on your smartphone, you will take the XRP funds with you everywhere you take your device. 

Nonetheless, if you want to be sure that your funds are in a safe place, you should use a desktop wallet on a computer that is clean and has not been affected by viruses in the past. Many attackers tend to install malware on computers through a wide range of files. 

In order to create a hot wallet on an exchange, you will only have to open an account on their platform and purchase some XRP. If you previously had some XRP coins, you could also send them to this wallet.

Ripple Wallet Apps List – Which ones to pick?

This wallet is ideal for “hodling” Ripple. Otherwise, it’s not the best option as it’s hard to send funds from it. The security of this wallet depends on how safe you keep your private key. Overall, paper wallets are a great option for those who want to make sure that they protect their funds at any cost. Considering that your private keys are basically stored on a piece of paper, it all depends on how safe you keep that paper.

However, it is essential to note that if you lose your paper and have no backup for your private keys, you will lose your funds definitively.

Trust Wallet

Launched in 2017, Trust Wallet is one of the best non-custodial wallets for digital assets. More than 4.5 million cryptocurrencies can be stored on it. It’s also a mobile wallet, so you can easily use it from your smartphone. Be sure to set up 2-factor authentication (2FA) for maximum protection.

Trust Wallet is a great option for beginners, as it provides an extremely user-friendly interface and can be used on multiple devices. At the moment, the wallet is available on iOS and Android and has recently released an extension for Chrome, Brave Opera, Edge, and other web browsers.

Guarda Wallet

Guarda is a secure multi-currency wallet. You have a wallet for a desktop, a mobile wallet, and even a web wallet. As an XRP wallet, it’s a good option with a 4.6 score on TrustPilot. With 2 factor authentication available, it’s a good software wallet.

Trezor wallet

Trezor has a simple interface (For Model T) and top-notch security. Its price might seem a little higher than other options, but it’s one of the best Ripple wallets out there. Of course, this cold wallet can be used for more than storing XRP. There are over 1,600 assets that can be stored on Trezor. Trezor could be one of the best XRP wallets, and not only.


A platform that can act as a software wallet, where you can hold and even trade XRP. It’s one of the oldest Ripple wallets. Recently, they added an option to insure your XRP wallet for up to $100,000 – for an annual fee of $288. is one of the best crypto exchanges on the market, but it also provides a trustworthy online crypto wallet. is a non-custodial wallet, meaning that users have full control over their public and private keys.

Furthermore, being a DeFi wallet allows the users to interact with various dApps; this being a significant advantage, especially during these times, when the world is slowly but surely moving to digital and decentralized concepts. wallet is available as a web browser extension and mobile app where users can store, swap, and earn rewards on hundreds of tokens and also store NFTs on the Ethereum and Polygon blockchains.


As a digital currency exchange, Binance is the place where you can easily purchase XRP and store it in its integrated wallet. The wallet offers multiple layers of protection, such as 2-factor authentication, wallet address whitelist, and many more. Moreover, Binance offers an option to purchase different digital assets with fiat currencies at the lowest fee in the industry.

Edge Wallet

Edge is one of the best mobile wallets available on both iOS and Android. Even if it’s a mobile crypto wallet, it’s a good option to keep your XRP wallet safe.

With Edge Wallet, you have access to your private and public keys, 2FA, a password to enter the wallet, and a function for an automatic backup. Among the mobile crypto wallets, Edge is a must-try option.

Other Software Wallets

While there are plenty of XRP-supporting wallets in the industry, we recommend trying some widely-used options. For instance, Atomic Wallet might not be the best of choices due to the incident when Atomic Wallet users got hacked or had their balances drained.

While many options could be good, we will always advise users to also look for additional hardware solutions to keep their XRP safe. We also believe personal research is more important than anything and should be part of every crypto-related decision.

Our Best Wallet pick for Ripple (XRP)

For holding long-term, you can create a few Ripple paper wallets. They are not online wallets, so the risk of getting hacked is low. However, trading crypto with them is pretty hard.

Trezor Model T or Ledger Nano X may be the best picks if you’re looking for a cold wallet. They are as advanced as possible and keep your funds safe through cold storage.

If you don’t want a software wallet, non-custodial, or desktop wallet and you have a small amount of XRP: Binance or can serve as a good option to keep your XRP if you set up all of the security measures.


In this article, we have discussed how to create a Ripple wallet and how easy it is to start receiving or storing your funds.

Overall, the best option to store your XRP may be to use a hardware wallet. This would protect your funds from attacks and hackers that target exchanges and other crypto wallets and platforms in the market. 

If you prefer portability, the best thing you can do is use a hot wallet. This will require constantly updating the security measures to secure your funds, especially if you are a long-term investor.

* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.
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