Ripple is a cryptocurrency that was developed to function differently from other altcoins out there. XRP was designed to allow nearly instant and direct monetary transfers between two parties. In fact, it is said that Ripple can process up to 1000 transactions per second.
The transactions are also extremely inexpensive. Ripple is also the name of the company that developed its own custom sidechain called the Ripple Transactions Protocol, or Ripple Network for short. The Ripple protocol does not allow chargebacks, meaning that all transactions are irreversible.
Since it is the third highest ranking cryptocurrency by market cap, and considering the benefits we mentioned above, it is no surprise that it’s attracting more and more investors with each passing day.
If you are looking to purchase some XRP, you might be wondering what are the best storage options for keeping your coins. To help you with this challenge, we made a list of the best Ripple wallets of the year 2018.
Ledger Nano S
The Ledger company is based in France and has been manufacturing cryptocurrency hardware since 2014. The Nano S can store Ripple, as well as Bitcoin, Ethereum, and a large list of other cryptocurrencies. Check out our review about the Ledger Wallet.
What makes this software stand apart from its competitors is its increased security. Private keys are kept safe from hacks or leaks, as the data is stored in a protected environment on the hardware. The only way you can access your data is with the help of a PIN code.
Supported operating systems are as follows: Windows 7, 8, and 10, macOS, Linux, and Chrome OS. It connects to your PC and mobile device via USB.
The Cryptonator wallet is web-based, meaning that it will work on your desktop, tablet and mobile device, provided they include decent browsers. It supports a wide range of cryptocurrencies, as users can trade their XRP with other digital coins at very low rates.
The Cryptonator developers implemented Secure Sockets Layer, or SSL (standard security technology), to improve security.
Another layer of protection is provided by a two-factor authentication (2FA), as you will be provided with a one-time password. This means that suspicious IP addresses will be blocked by the wallet, thus keeping your data safe.
Exarpy is a web-based desktop wallet, even though it works on mobile web browsers just well. Exarpy does not physically store your coins, but it offers the tools which enable you to perform transactions on the Ripple Network.
Please note that 0.025XRP will be charged by the wallet as a flat fee for each transaction. This includes the Ripple Network fee, without any other hidden charges. Exarpy keeps your data protected with the help of a 16-digit PIN code. This combination of 16 numbers is what lets you access your account. Be careful where you store it and also try not to forget it, since you won’t be able to recover your account without it.
To use this web-based wallet, you have to deposit a minimum of 20 XRP or the corresponding amount in Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), or Augur (REP). You can also make deposits by using any typical bank account.
Additionally, you can trade and exchange cryptocurrencies on the GateHub platform. The interface is very simple and easy to use, making it ideal for beginner users.
The Rippex wallet was built based on Ripple Desktop Wallet’s design. This open-source wallet was developed by the Ripple company. It comes with support for all the major OSes out there, such as Windows, macOS, and Linux. The source code can be accessed by anyone from the project’s official GitHub repository. If you have programming skills, you can even compile your very own version of the wallet.
The private keys of your wallet are stored on your computer, making the solution a bit safer than other web-based counterparts. Another great advantage is that it has no limit to how much XRP you send or receive.
Unfortunately, they announced that they have reached the end of their closing schedule, which means that their services have been permanently disconnected. Here’s the official statement of Rippex.
Toast Wallet! (yes, with the exclamation mark) is a free, open-source wallet that supports XRP. It can be used on both Android and iOS devices with the same ease. There are also versions that work on your desktop devices running Windows, macOS, and Linux.
The app’s GUI is easy to use, and the top-notch security features keep your private keys safe on the device and not online, allowing you to always be in full control of your funds.
These are the best options when it comes to storing your XRP in 2018. We hope this guide will help you find the perfect app for your needs and maybe offer a bit of guidance if you want to get into Ripple trading.