If cryptocurrencies change something in the world, it is the ability to hold digital currencies without needing assistance from traditional financial institutions. Indeed, it may come with significant responsibility for the crypto investor to keep track of information such as the relevant private key, passwords, and backup phrases while staying alert against malicious attacks.
At the same time, as the cryptocurrency industry experiences rapid growth, the risks associated with theft and fraud also increase. So, choosing a secure Ripple wallet for your investments would be best.
However, choosing the most suitable Ripple wallet can take time, as several excellent options are on the market. Should you pick a hardware wallet, a software wallet, or maybe a paper wallet?
In today’s article, we will explore the best XPR wallets, why they are a great choice, which type of wallet you should pick, and the essential security precautions to consider.
Whether you are new to the crypto world or an experienced investor, you will understand the importance of crypto wallets, ensuring the most significant security for your crypto assets. Without further ado, let’s jump in and discover more about Ripple and the best Ripple wallets in 2024.
What is a Ripple XRP Wallet?
As XRP is one of the most significant crypto assets, the Ripple XRP wallet is a crypto tool that allows you to store, send, and receive XRP, the native token of the Ripple network. In short, you could consider Ripple wallets like the digital piggy bank for your XRP tokens.
There are many XRP wallets, such as software wallets, mobile apps, and desktop wallets. However, one thing is clear about your choice: you must understand the difference between custodial and non-custodial wallets.
Third parties, such as crypto exchanges, offer custodial wallets, and they have custody of your XRP tokens. In contrast, non-custodial wallets give you control over your private keys. As a result, you can perform different XRP transactions without a third party getting involved. However, you’ll need to secure a non-custodial wallet, as once they’re hacked, you cannot recover your XRP tokens.
However, the best Ripple wallets are devices or software that allow you to easily send, receive, or swap XRP, as they should be as fast and secure as possible. As with any other cryptocurrency wallets, the XRP wallets have two sets of keys: public and private keys.
How does an XRP wallet work? The XRP wallet operates as a digital wallet that allows XRP holders to safely store, send, and receive XRP tokens on the Ripple network based on the wallet addresses.
Top 4 XRP Wallet Types to Get Started with Ease in 2024
Best Ripple XRP Wallets – Exchange Wallets
An XRP exchange wallet is an online place that stores your XRP assets within a trading platform, as each asset has its wallet location on the crypto exchange. Moreover, you can also buy XRP with fiat currencies.
Besides, a crypto wallet on some of the best trading apps has benefits and disadvantages when used as a storage option. Indeed, many offer password management and two-factor authentication options, which could be great against digital asset theft.
Not to mention that crypto exchanges have customer support teams, even though self-managed crypto wallets don’t comply with their assistance. Indeed, a centralized crypto wallet can be an excellent tool for asset transfers, account usage, and access; it could also be a haven for crypto thieves.
As a result, we recommend only storing what you’re transacting and maybe keeping your long-term assets in some of the best cold wallets.
1. Binance Wallet – The Most Convenient XRP Wallet Exchange
- Type of Wallet: Non-custodial;
- Cost: Free;
- In-built Crypto Exchange: Yes;
- Ease of Use: Easy.
If you’re looking for some of the best XRP wallets, you should check out the Binance Web3 wallet. Considered one of the best XRP wallets, Binance offers both web and mobile wallets that allow its traders to actively connect with the Binance exchange. Since Binance is a custodial wallet, there’s no need to bother with private keys, as they safely store your XRP tokens.
On the security side, Binance offers multiple measures, such as two-factor authentication and login verification for a new device or IP address.
Besides storing your XRP tokens, you can access 350 other crypto assets from multiple blockchains, such as Ethereum, Bitcoin, Solana, Arbitrum, Polygon, and BNB, with a 0.1% commission per slide.
2. Bybit – Multi-Blockchain Custodial XRP Wallet
- Type of Wallet: Custodial;
- Cost: Free;
- In-built Crypto Exchange: Yes;
- Ease of Use: User-friendly.
This Bybit XRP wallet is a custodial wallet, whereas traders don’t need to protect their private key since it’s secured by the crypto exchange through advanced cryptographic measures. As a result, users can easily swap XRP, besides thousands of other cryptos, primarily since it supports multi-blockchain interaction.
Regarding the trading fees, they start at 0.1% per transaction, so it could be an excellent way to diversify your portfolio, and you can even use Bybit’s ‘IDO’ platform to invest in new cryptos at discounted prices.
Best XRP Desktop and Mobile Wallets (Software Wallets)
A hot wallet, also known as a software wallet, is a crypto wallet connected to the internet, which could be a desktop or mobile crypto wallet. Also, the hot wallet provides ease of use at any moment, day or night, and enables users to send and receive XRP tokens as long as they are connected to the internet.
When it comes to security measures when installing the wallet software, you have to keep in mind that since it’s connected to the internet, your assets are susceptible to viruses, malware attacks, or fake apps, especially when they can be disguised as a legitimate wallet provider.
As a result, ensuring your XRP wallet has password management and two-factor authentication (2FA) is vital for protecting your crypto assets.
Also, be sure to write down the recovery phrase on paper and store it in an offline location. Even though it is not the safest option, using a mobile wallet is the most viable one for storing XRP or making small transactions.
3. Atomic Wallet – Secure XRP Wallet
- Type of Wallet: Non-custodial;
- Cost: Free;
- In-built Crypto Exchange: Yes, atomic swaps;
- Ease of Use: Easy, beginner-friendly.
For those who aren’t quite familiar with Atomic Wallet, we are here to shine a light on it. So, Atomic Wallet is a crypto wallet that supports many digital assets, including Ripple XRP; thus, you can manage your assets within a single wallet.
Created to have a user-friendly interface, Atomic Wallet offers an easy-to-use crypto wallet suitable for beginners and more advanced traders.
Additionally, Atomic Wallet is available on different operating systems, such as Windows, MacOS, Linux, iOS, and Android, offering increased flexibility.
4. Best Wallet – Best XRP Wallet with NFT Integrations
- Type of Wallet: Non-custodial;
- Cost: Free;
- In-built Crypto Exchange: Yes;
- Ease of Use: Easy, on-the-go access.
Best Wallet made our list due to its performance, multi-crypto wallets, and support for Ripple XRP tokens. As a result, you don’t have to swap between apps and simply enjoy a user-friendly app with a seamless UX.
On the other hand, this XRP wallet app is non-custodial, so you’ll have to manage your private keys and the ownership of your assets. But do not stress; this cryptocurrency wallet offers advanced cryptographic techniques, multi-factor authentication, and biometric features to ensure your XRP and NFTs are safely stored.
What is remarkable about Best Wallet is its multi-blockchain support with high-security features while integrating a DEX that offers many rewards to its users.
5. Crypto.com – A Great Software Wallet for Beginners
- Type of Wallet: Non-custodial;
- Cost: Free;
- In-built Crypto Exchange: No;
- Ease of Use: Easy.
If you’re looking for a secure XRP wallet to buy XRP, then Crypto.com could be a great choice. Crypto.com is a decentralized wallet that enables you to interact with DeFi products, both in-app and as a browser extension.
This XPR wallet ensures high-tier security by integrating multi-factor authentication (MFA). The software is peer-reviewed and represents a mixture of static and dynamic source code analysis, and it offers withdrawal protection with email verification.
Crypto.com supports over 250 currencies and financial services, including crypto staking, an NFT (Non-Fungible Tokens) Marketplace, and lending and borrowing options.
6. Guarda Wallet – A Great XRP Wallet App
- Type of Wallet: Non-custodial;
- Cost: Free;
- In-built Crypto Exchange: Yes;
- Ease of Use: User-friendly.
Guarda Wallet is one of the many XRP wallets supporting various cryptocurrencies. Besides XRP, Guarda allows you to buy Bitcoin, Ethereum, and 50+ other coins and sustain over 400K tokens.
Guarda is a non-custodial wallet, meaning you can access and manage your encrypted private keys only via Advanced Encryption Standard (AES) and through the extra security layer – multi-signature.
Besides the coin and token support, Guarda aims to offer an all-in-one crypto management ecosystem where users can buy, stake, exchange, and get crypto loans quickly and securely. We also recommend our Guarda Wallet Review for a thorough overview.
7. Exodus – One of the Top Ripple Desktop Wallets
- Type of Wallet: Non-custodial;
- Cost: Free;
- In-built Crypto Exchange: Yes;
- Ease of Use: Beginner-friendly interface.
Isn’t it nice when an XRP wallet is a mobile app, desktop software, and browser extension providing seamless access over its ecosystem? This is the case with Exodus Wallet, one of the most used non-custodial XRP wallets that offer in-wallet features, such as staking, fiat payments, and support for Web 3.0 Dapps.
Exodus cares about its users’ security, and since 2015, it has made a software update every two weeks. Moreover, it has started a bug bounty program to discover and solve vulnerabilities promptly.
8. Uphold – Store XRP Tokens Easily
- Type of Wallet: Custodial;
- Cost: Free;
- In-built Crypto Exchange: Yes;
- Ease of Use: User-friendly.
Uphold is a multi-asset custodial wallet that offers many financial services worldwide. They aim to provide transparency and “state-of-the-art security” as they pinpoint themselves.
As a security consideration, Uphold is regulated and registered with FinCEN (US), FCA (UK), and the Bank of Lithuania. Also, they provide 3rd party due diligence checks, performing audit checks, and many bug bounty programs to ensure that your XRPs or any other currencies are secure.
Moreover, Uphold is available in over 180 countries, with 200+ currencies, fiat, and crypto. You need to know that Uphold Wallet is an exchange kind, but depending on your trading strategy, it may be what you want to secure your XPR cryptos.
9. eToro Money – Leading Ripple Wallet Apps
- Type of Wallet: Custodial;
- Cost: Free;
- In-built Crypto Exchange: Yes;
- Ease of Use: User-friendly.
eToro is a trusted exchange platform that offers a secure crypto wallet to store your XRP currencies safely. With eToro Money, you can buy, store, exchange, and transfer your Ripple digital assets in a secure environment.
eToro enables the creation of the XRP wallet and addresses all who are looking for a regulated custodian wallet. Moreover, they are accountable for your Ripple assets, carrying licenses with US, UK, Australia, and Cyprus regulatory entities. eToro is a good XRP wallet for beginners, as it presents an easy-to-follow dashboard and interface.
10. Trust Wallet – Safe Software Wallet to Store XRP
- Type of Wallet: Non-custodial;
- Cost: Free;
- In-built Crypto Exchange: Yes;
- Ease of Use: User-friendly.
Trust Wallet, a user-friendly mobile wallet, is one of the most accessible Ripple wallets, perfect for beginners and available for iOS and Android. The mobile app offers many functions for your crypto investment plan, enabling crypto purchases with a credit card, instant exchanges, and other financial benefits.
When it comes to security, Trust Wallet is an open-source wallet, meaning that you can easily store and access your crypto assets, and at the same time, you can inspect the source code. Additionally, Trust Wallet supports multiple devices, along with browser extensions and mobile phones.
To buy XRP, simply install Trust Wallet on iOS and Android, select the XRP coin, and perform the transaction by entering the amount you wish to purchase and your card details. Once the payment is made, simply review your account, and you’re all set.
The Best Hardware Wallets for the Ripple XRP Network
XRP holders could also choose a cold wallet, also known as a cold wallet, that offers secure and offline storage for their digital assets. While software wallets are connected to the internet, cold wallets are designed to provide an extra layer of protection against potential hacking attempts and online vulnerabilities.
A hardware wallet is widely regarded as one of the safest methods for storing cryptocurrencies, offering peace of mind and long-term security for cryptocurrency holders. When it comes to protecting the private keys, please note they are encrypted onto the hardware device, meaning they are always offline.
These days, there are several hardware wallets compatible with the XRP coin, so read further and discover them.
11. Ellipal – The First Full Metal Cryptocurrency Wallet
- Type of Wallet: Non-custodial, cold wallet;
- Cost: $169;
- In-built Crypto Exchange: No;
- Ease of Use: User-friendly.
Voted and endorsed by Forbes since 2022, Ellipal is among the Top 3 Cold Crypto Wallets, protecting its user’s funds offline, away from thieves’ greedy hands.
Another important aspect is the fact that innovations are at their best, as Ellipal uses an air-gapped system to ensure offline transactions, besides the integrated camera that scans QR codes and the CC EAL5+ secure elements.
And if you lose your new wallet, Ellipal Titan has an auto-destructive feature that comes in handy.
12. Ledger Nano X – Top-Choice Hardware Wallet
- Type of Wallet: Hardware wallet;
- Cost: Around $149;
- In-built Crypto Exchange: No;
- Ease of Use: User-friendly interface.
Ledger Nano X is a top XRP hardware wallet that integrates top-notch security aspects, including two chips, Secure Element, and dual-core MCUs with wireless support. Also, Ledger Nano X presents Bluetooth connection through AES-based encryption.
Ledger Nano X also supports multiple cryptocurrencies and does not limit how much Ripple you can hold, thus making it very convenient to own any quantity you want without having various wallets.
13. Ledger Nano S Plus – Simple & Secure Wallet for XRP Tokens
- Type of Wallet: Hardware wallet;
- Cost: Around $179;
- In-built Crypto Exchange: No;
- Ease of Use: Easy.
Another excellent wallet to secure your Ripple assets is the Trezor Model T, which uses a consensus mechanism. You can manage your coins within the Trezor Suite, which is compatible with desktops, browsers, Android, and iOS.
Trezor Model T also integrates a physical security layer requiring hands-on verification besides your PIN and passphrase.
15. Ngrave Zero – The Coldest Crypto Wallet
- Type of Wallet: Hardware wallet;
- Cost: €398;
- In-built Crypto Exchange: No;
- Ease of Use: Easy.
Ngrave Zero is a new wallet that boasts high-security features, such as biometric security protocols, making it a secure, non-custodial wallet that accepts XRP tokens.
There is no need to hurdle with your private keys, as this XRP wallet solves it for you by integrating the fingerprint private keys and creating an 8-digit PIN to sign and confirm transactions, besides its biometric sensors.
XRP Paper Wallet – Coldest Crypto Storage
16. XRP Paper Wallet
- Type of Wallet: Paper wallet;
- Cost: Free;
- In-built Crypto Exchange: No;
- Ease of Use: Easy, but at times it could be inconvenient.
A paper wallet could be the safest XRP wallet, yet it is the most tricky since everything is written down on paper, as the name implies. As a result, using this wallet involves creating one such wallet on a specific website, such as the XRP Paper Wallet, and printing the most important details, such as the ripple wallet address and the private key.
How to Choose the Best XRP Wallet
Since XRP is a crypto that has the underpinned XRP ledger (XRPL) blockchain, it becomes a payment crypto asset. The XRP ledger is an open-source and permissionless decentralized blockchain that can perform crypto transactions in seconds.
XRP can be held in many of the best crypto wallets, allowing users to access their funds and approve transactions using a mixture of their private and public keys. Understanding what the top XRP wallets offer is critical to assessing and performing their crypto investment strategy.
Support
While using crypto wallets can seem easy, you should still look for one that offers great support. You can never know when you’ll need help generating a new XRP wallet address, depositing fiat currencies, or figuring out how to receive XRP.
Multi-Currency Support
Even if this is not necessary, you may wish to have a multi-currency wallet that allows you to convert your assets, depending on your investment plan. This will save you from using multiple crypto wallets to store Ripple and other cryptocurrencies.
Ease of Use
Ease of use is mandatory in any crypto wallet, regardless of the used currency, and it is most appreciated by beginners who’ve started investing in crypto. Even with this, the best XRP wallets should not involve a third party authorizing or mitigating crypto transfers, yet this is not always the case.
Safety Measurements
We recommend settling for an XRP wallet that offers the highest security standards. You can look for two-factor authenticators (2FA), multi-signature support, and how updated the software version is when using a hot wallet. These questions help you choose the best XRP wallet for your crypto needs.
Considering all the above and analyzing how it fits your strategy is the best thing you could do before deciding on an XRP wallet. Of course, we also recommend doing your research and analyzing others’ reviews, as it can offer a unique perspective for specific situations.
FAQ on the Best Ripple Wallets
What is a Ripple Wallet Address?
The Ripple wallet address is a cryptographic code that acts as an identifier and a destination for receiving XRP transactions on the Ripple network.
What Is the Safest XRP Wallet?
Some popular options known for their security features include hardware wallets like Ledger Nano X, Trezor Model T, and Ngrave Zero, which store private keys offline. Also, Crypto.com could be the best wallet for high security, offering safe XRP storage and user-friendly interfaces.
However, choosing what is the safest XRP wallet for you goes beyond others’ opinions, as it should offer you the perfect blend of high security, seamless usability, and multi-crypto support.
Hardware Wallets, Paper Wallets, or Software Wallets?
As said, the type of XRP wallet you use depends on your needs. If you plan to store XRP for a long time, you may opt for a hardware wallet. Or, if you’re looking for a free Ripple wallet, you can choose between paper wallets or software ones.
But if you plan to trade XRP tokens constantly, you may want to look towards hot XRP wallets such as Crypto.com, eToro, Atomic Wallet, or exchange ones like Binance.
Is There an Official XRP Wallet?
There is no official XRP wallet, but many exchange platforms, such as Crypto.com, Guarda Wallet, Uphold, and Exodus Wallet, integrate this option and offer support for the Ripple blockchain.
What Should You Look for in an XRP Wallet?
- Security Features;
- Private Key Control;
- Reputation and Trustworthiness;
- Compatibility;
- Ease of Use;
- Backup and Recovery Options;
- Development and Support.
What Is the Best XRP Crypto Wallet for Beginners?
Some of the most suitable XRP wallets for beginners include:
- Atomic Wallet – Secure XRP Wallet;
- Best Wallet – Best XRP Wallet with NFT Integrations;
- Crypto.com – A Great Ripple XRP Software Wallet for Beginners;
- Guarda Wallet – A Great XRP Wallet App;
- Uphold – Store XRP Tokens Easily;
- eToro Money – Leading Ripple Wallet Apps;
- Trust Wallet – Safe Software Wallet to Store XRP.
How Many XRP Wallets Exist?
Numerous companies and exchange platforms support XRP and offer wallets to store and manage digital currency. Besides these, you can also take a look at some ripple paper wallets. While extremely simple, a Ripple paper wallet is a great way to hold your XRP securely without having it connected to the internet. However, to name some of the best XRP wallets:
- Binance Wallet – The Most Convenient XRP Wallet Exchange;
- Bybit – Multi-Blockchain Custodial XRP Wallet;
- Atomic Wallet – Secure XRP Wallet;
- Best Wallet – Best XRP Wallet with NFT Integrations;
- Crypto.com – A Great Ripple XRP Software Wallet for Beginners;
- Guarda Wallet – A Great XRP Wallet App;
- Exodus – One of the Top Ripple Desktop Wallets;
- Uphold – Store XRP Tokens Easily;
- eToro Money – Leading Ripple Wallet Apps;
- Trust Wallet – Safe Software Wallet to Store XRP;
- Ellipal – The First Full Metal Cryptocurrency Wallet;
- Ledger Nano X – Top-Choice Hardware Wallet;
- Ledger Nano S Plus – Simple & Secure Wallet for XRP Tokens;
- Trezor Model T – One of the Best XRP Hardware Wallets;
- Ngrave Zero – The Coldest Crypto Wallet;
- XRP Paper Wallet.
Best XRP Wallet – Final Thoughts
In conclusion, when choosing the best XRP wallet, one must consider the benefits and drawbacks of cold and hot wallets. Cold wallets, such as hardware wallets, offer unparalleled security by keeping private keys offline, protecting them from online threats. They are ideal for long-term storage and safeguarding large amounts of XRP.
On the other hand, software and online wallets provide convenience and accessibility for frequent transactions, but they are more susceptible to hacking attempts.
The best XRP wallet depends on your crypto needs and priorities. A combination of cold and hot wallets can provide a balanced approach: cold wallets for secure storage and hot wallets for day-to-day transactions, thus ensuring security and convenience for your Ripple assets.
