19 Best XRP Wallets in 2024 – Top Ripple Wallets Revealed

Launched in 2012, XRP remains one of the most popular cryptocurrencies to own. But which wallet is best for storing XRP?

This comparison guide reviews the best XRP wallets for 2024. Read on to learn how to choose and create an XRP wallet, and compare top providers with low fees and high security.

What is an XRP Wallet? The Basics Explained

Either way, XRP wallets serve multiple functions.

Crucially, wallets keep the XRP tokens secure and away from hackers. The level of security available will depend on multiple factors, such as:

• Whether the XRP wallet is offered by a custodial or non-custodial provider
• The device that the XRP wallet is stored on

Custodial XRP wallets are provided by third parties, usually exchanges. In a custodial wallet, a third-party keeps custody of your coins, and you put your trust in them to store your coins for you.

Non-custodial XRP wallets give users control of their private keys. The XRP tokens cannot be frozen, and transactions can not be denied. What’s more, users do not need to go through a custodian to transfer funds. But should the non-custodial XRP wallet get hacked – the user will not be able to recover the tokens.

Another important point is that, unlike other cryptocurrencies, XRP wallets require a ‘non-refundable deposit’. This stands at 10 XRP, amounting to approximately $5 based on current exchange rates. This was installed by Ripple to safeguard its network against remote attacks.

Why You Need an XRP Wallet

After investing in XRP, investors will need to choose a suitable wallet.

Below, we explore the key reasons why a wallet is needed when owning XRP tokens.

Securing XRP Tokens

As noted above, the primary purpose of an XRP wallet is to keep the tokens safe. The cryptocurrency markets are fraught with scams, and hackers are constantly coming up with new ways to remotely steal tokens.

As such, it’s imperative that investors choose a secure XRP wallet. The only way to access the XRP wallet will be via its private keys. This remains in the hands of the investor unless opting for a custodial XRP wallet.

In this instance, the XRP custodian will safeguard the private keys. This means investors can access their wallets simply by logging into the account.

Transferring XRP Tokens

On top of securing XRP, wallets are required to send and receive funds. All XRP transactions go through the Ripple network and are executed wallet-to-wallet.

• In other words, users can transfer XRP by providing the recipient’s wallet address.
• To receive funds, users need to supply their wallet address to the sender.

As we explain later, XRP transactions are super efficient. Each transfer averages just four seconds and costs just 0.00001 XRP (micro cents).

Trade XRP and Other Cryptocurrencies

The best XRP wallets offer access to the broader cryptocurrency markets. This means users can buy and sell XRP, as well as trade it for other utility tokens.

Some wallets even allow users to earn interest on XRP. For example, the Binance wallet is offering an APY of 2.3% on XRP deposits. These are flexible savings accounts, allowing users to withdraw their XRP at any time.

Best Ripple Wallets Reviewed

Now let’s explore the best XRP wallets in much more detail.

In the following sections, we review leading XRP wallets for fees, supported devices, security, usability, and more.

1. Best Wallet – Best XRP Wallet With DEX and NFT Integration, Exclusive Airdrops

Best Wallet allows users to manage multiple crypto wallets and assets, all within a single platform. This approach eliminates the need to move between various apps, improving the user experience.

Best Wallet is a non-custodial wallet, meaning users have complete control and ownership of their private keys. Advanced cryptographic techniques, multi-factor authentication, and biometric features ensure unparalleled protection for digital assets.

Besides standard digital assets, Best Wallet can handle NFTs. Users can seamlessly store, organize, and even trade their NFT collections within the wallet’s ecosystem.

Upcoming Features

• Portfolio Management: Useful for users wanting real-time investment insights. This feature will offer quick views of purchase prices, current values, and the ability to label, order, and search.
• Market Insights & Token Analytics: Staying updated with market movements is crucial. Best Wallet aims to provide real-time updates on industry news, token sentiment, and more. 
• Token Airdrops: A highlight is the upcoming BEST Token Airdrop, offering early buyers an exciting opportunity to earn rewards. It offers exclusive benefits in the Best Ecosystem, including no gas fees and bonus airdrops.

Best Dex, a decentralized exchange designed for efficient and secure trading, is integral to the Best Wallet ecosystem. Best Dex offers market insights, real-time charts, news, token info, analytics, and more. 

Plus, with no registration required and multiple tokens available for trade, it offers a seamless trading experience. Using Best DEX also entitles users to rewards in the form of the BEST token airdrop.

Consider joining the Best Wallet Telegram channel to stay updated on the latest progress.

2. Exodus – Non-Custodial Crypto Wallet Gives Users Control over their Private Keys

The next top XRP wallet to use in 2024 is Exodus. This is a top non-custodial cryptocurrency wallet that gives users complete control over their private keys. 

A secure wallet, Exodus allows users to protect their private keys by providing a 12, 18, or 24-word passphrase. The Exodus wallet supports multiple blockchain standards – including Ethereum, Binance Smart Chain, Bitcoin, and Solana. 

Along with XRP, more than 260 cryptos are supported on the Exodus wallet. Exodus is a top wallet for accessing in-built token swaps. Users can swap XRP for other tokens, and also engage in cross-chain swaps. 

Exodus provides robust portfolio management features, allowing you to access real-time XRP price movements. You can also stay up-to-date with your best and worst-performing assets in the last 24 hours. 

On Exodus, payments can be made using Bank wires, debit/credit cards, ApplePay, and GooglePay. Notably, debit/credit card purchases lead to an additional 5.45% fee per transaction. No markup fees are charged on transactions on Exodus. 

3. Zengo – MPC Wallet Uses 3FA Security Protocols

Zengo is a popular multi-chain cryptocurrency wallet that supports XRP, Bitcoin, Ethereum, and more than 120 digital assets. With over half a million customers, Zengo is accessible in over 180 countries. 

This crypto wallet stands out as it uses MPC (Multi-Party Computation) technology, creating two mathematical secret shares. One is stored on the user’s mobile device, and the other is stored on the Zengo servers. This ensures there is no single point of failure, making Zengo a secure and reliable wallet. 

Moreover, Zengo uses three-factor authentication tools, including email verification, face scan, and recovery file to prevent any unauthorized access. Notably, Zengo does not require users to complete any KYC forms to join the platform. 

Along with buying and selling XRP, users can connect with NFTs and other DeFi projects on Zengo. Debit/credit card fees cost an additional 3.75% per transaction. 

4. Ellipal – First Fully Metal-Sealed Hardware Wallet

The Ellipal Titan 2.0 hardware wallet is one of Ellipal’s flagship products. This cold wallet stores your XRP tokens and other assets completely offline, protecting your funds from any online hacks. 

The wallet uses an air-gapped system to ensure that transactions are completely offline. The wallet comes with a camera, which is used to scan QR codes to support offline transactions. The wallet comprises a CC EAL5+ secure element, making it one of the most secure wallets to use. 

The device boasts a 4” IPS lamination display and supports touch response. The wallet case has an IP65 waterproof rating, making it usable in a number of settings. Along with XRP, one can trade over 10,000 cryptos and access over 50 blockchain networks with the Ellipal Titan wallet. 

This is also the world’s first fully metal-seared hardware wallet. Its anti-disassembly and anti-tampering features protect it from physical or supply chain attacks. This decentralized wallet lets you create multiple accounts and start trading within minutes. The Ellipal Titan wallet also supports an auto-destruct feature which will eradicate all your private information if any tampering occurs. 

The Ellipal wallet retails at $169. 

Cryptoassets are a highly volatile unregulated investment product.

5. Ledger Nano – Keep XRP in Cold Storage for Just $79        

The next option to consider is Ledger Nano, which is also one of the best XRP wallets for cold storage. While there is also a $279 model, the basic Ledger Nano costs just $79. This offers great value for those investing large amounts into XRP.

Ledger Nano is also suitable for diversified portfolios. It supports over 5,000 cryptocurrencies across many blockchain standards. This includes everything from Binance Smart Chain and Bitcoin to Ethereum and Polkadot. Moreover, we like that Ledger Nano comes with a mobile app and desktop software.

This enables users to swap tokens, buy cryptocurrencies with fiat money, and keep tabs on market prices. However, users still need to verify outgoing transactions via the Ledger Nano device itself. Just like Trezor, transactions are confirmed via a PIN. Ledger Nano is secured by a backup passphrase that is displayed to the user when setting the wallet up.

6. Trezor Model T – Secure XRP Wallet for Large-Scale Investors   

The next XRP crypto wallet to watch is Trezor Model T – one of the flagship products of Trezor.

While hardware wallets like Trezor make it inconvenient to actively trade XRP, it’s one of the best crypto wallets for safety. As a hardware wallet, the Trezor Model One device is always offline. This offers a cold storage solution that removes the threat of a remote hack.

Even if the Trezor device was stolen, hackers would have a hard time accessing the XRP tokens. This is because of a requirement to enter a PIN to authorize outgoing transactions. The PIN must be entered on the device itself, and each incorrect attempt doubles the time delay. Most importantly, the XRP tokens can be recovered remotely on another device.

The Trezor Model T comes with a 1.54″ touchscreen, and a compatible USB-C charger. The wallet uses the Shamir Backup – providing user’s with a 12-word phrase to access the wallet.

Another unique feature of the Trezor Model T is a staking mechanism – through which you can stake your assets and generate passive income. This advanced wallet model is priced at $219.

7. Binance – Convenient XRP Wallet That Connects to the Binance Exchange    

Binance is one of the best XRP wallets for active investors. It offers a web and mobile wallet that connects to the Binance exchange. Both options are custodial, so Binance keeps the private keys and XRP tokens safe.

Although some investors have concerns with custodial wallets backed by exchanges, Binance offers many security tools. For example, logging into the account requires two-factor authentication. This requires confirmation via email and/or SMS, depending on the device being used. Binance also requires verification when logging in from a new device or IP address.

Internally, Binance operates a fully-fledged risk management team, cold storage, and an insurance fund called SAFU. The latter takes a percentage of trading commissions earned and is used to compensate users if their account is hacked. But SAFU may not cover all investors if Binance witnesses a large-scale hack, so bear this in mind.

In addition to convenience and security, Binance is the best XRP wallet for trading. Its exchange attracts the largest trading volume in the industry and offers commissions of just 0.1% per slide. On top of XRP, Binance supports some of the best cryptocurrencies to buy.

This covers Bitcoin, Ethereum, Cardano, Litecoin, and hundreds more. Finally, Binance also offers XRP savings accounts. Currently, XRP deposits yield an APY of 2.3% and come without withdrawal restrictions.

Cryptoassets are a highly volatile unregulated investment product.

8. Bybit – Access Multi-Blockchain Interaction with this Custodial XRP Wallet 

One of the top XRP wallets is offered by Bybit, a top cryptocurrency wallet with over 16 million registered users. 

Unlike most of the wallets on this list, Bybit is a custodial wallet. This means that users do not need to protect their private keys since they are looked after by Bybit. Through the Bybit wallet, investors can trade XRP and thousands of cryptos. 

Furthermore, Bybit supports seamless and secure multi-blockchain interaction. Therefore, you can swap XRP for thousands of cryptos across eight different bridges. This secure platform also utilizes advanced cryptographic management to protect your funds. 

XRP can also be traded on ApeX – a non-custodial multi-chain derivatives decentralized exchange. ApeX experiences a daily trading volume of more than $40 billion.  A decentralized wallet, Bybit lets you access a range of DApps (Decentralized Applications).

The fees to trade XRP start from just 0.1% per transaction. To diversify your portfolio, you can even invest in new cryptos for discounted prices through Bybit’s ‘IDO’ platform. Tokens can also be staked to generate passive income through the wallet. 

9. Trezor Model One – Secure XRP Wallet Priced at Just $69

The Trezor Model One is the entry-level cryptocurrency wallet offered by Trezor. Along with XRP, investors can access over 5,000 cryptos with the Model One. The platform offers robust security features, making it a safe way to store your XRP tokens. 

This hardware wallet is secured by a PIN – your entry point for accessing all your digital assets. If one were to lose or forget their PIN, the Trezor Model One also lets you enter a 12 or 24-word backup phrase which is provided while setting up your wallet.

To purchase XRP directly with fiat, the wallet can be connected to the Trezor Suite app, which is accessible with a laptop. Notably, all the Trezor devices are RoHS and CE certified – adhering to the required quality and environmental standards. 

However, the Trezor Model One does not offer staking features like the Model T. One of the oldest and most popular hardware wallets, the Trezor Model One is the first to offer a recovery seed and passphrase. 

With a USB-C charger, the wallet can also be connected to your mobile phone via iOS and Android. Notably, this hardware wallet retails at just $69 – making it one of the most affordable wallets available. 

10. Gate.io – Web3 Wallet with Futures, NFTs, and DEX

Gate.io is one of the leading exchanges in the world due to the quality of its features and its versatility. Its Gate.io Web3 wallet is a clear example of this with advanced trading options as well as access to all that Web3 has to offer.

The wallet provides holders with entry into the world of Web3 through its built-in dApp browser. Users can also gain access to exclusive presales and airdrops through the Gate.io Startup program, a blockchain project launchpad.

Gate.io also stands out for its investment options with perpetual futures (with leverage up to 100x), inscriptions, yield farming, and staking options. Gate.io wallet holders can easily trade over 1,000 cryptos on its decentralized exchange (DEX).

Security-wise, the platform offers 2FA, data encryption, and cloud backup. It also undergoes a yearly security assessment by Hacken that includes penetration testing and smart contract audits.

11. Ngrave – EAL7 Certified Wallet Uses Biometric Security Protocols 

The next cryptocurrency wallet on our list is ZERO – the flagship hardware wallet offered by Ngrave. The Ngrave ZERO wallet stands out from the rest by leveraging biometric security protocols to offer a completely offline and secure XRP wallet. 

The ZERO wallet creates your ‘Perfect Key’ by using your fingerprint as a variable. This is used to create an 8-digit PIN to sign and confirm transactions. To add an extra layer of security, Ngrave’s ZERO wallet uses biometric sensors. 

Keeping all the transactions completely offline, ZERO does not rely on any Bluetooth or Wifi-based device. Instead, it confirms offline transactions by using QR codes. These QR codes can be created by connecting your wallet to Ngrave’s LIQUID mobile app. 

Ngrave has also created a custom ZERO operating system – developed from scratch by its team of security experts. These top-quality security features have helped the wallet receive an EAL7 certification – the highest level offered in the blockchain and financial industry. 

Users can trade XRP and more than 3,700 cryptos by purchasing this wallet for $398. Offering an intuitive user interface, the hardware wallet comes with a 4” touchscreen, allowing you to manage multiple wallets with a tap and a swipe. 

12. BitBox – XRP Wallet Comes with Invisible Touch Sensors 

Offering an intuitive user interface, the BitBox02 wallet comes with a 128×46 px OLED Display. The wallet can be set up in 5 minutes, and lets you trade more than 1,500 cryptos along with XRP. 

One of the unique features of the BitBox02 is the invisible touch sensors on the device. A simple tap on the wallet lets you navigate through the different cryptos. If you want to confirm an XRP transaction, simply swipe on the wallet. 

One of the most secure XRP wallets, BitBox02 requires the user to input three pieces of critical information to access the device. Firstly, you must access a random secret on a secure chip. This chip also protects the device against any physical damage or tampering. 

The second requirement is to access a secret from the microcontroller. Finally, one must access the device password/PIN. Thus, the BitBox02 is one of the toughest wallets to crack. The wallet also comes with a microSD card – offering instant backup. By connecting the wallet to the BitBox app, you can set up a recovery phrase. 

This Swiss-Engineered wallet is USB-C compatible and can be connected to any Android device. The BitBox02 wallet retails at just $115.83. 

13. SafePal – KYC-Free Decentralized XRP Wallet Offers NFT Storage, Priced at $49.99

SafePal S1 is one of SafePal’s flagship hardware wallets. With this affordable wallet, you can connect to 100+ blockchains, buy XRP offline, and store NFTs. 

A fully decentralized wallet, SafePal S1 lets you retain 100% ownership of your assets. The wallet is completely KYC-free, meaning you can start investing in XRP without providing any personal information. 

The hardware wallet boasts a 1.4” color screen and comes with a 5-button pad. Thus, navigating and trading cryptos is very simple on this wallet. You can connect to more than 100 blockchains, DeFi tools, and store your NFTs on the SafePal S1. 

Notably, this wallet uses a random number generator to create your private keys. SafePal S1 also uses a 100% air-gapped signing mechanism allowing you to verify transactions using QR codes without connecting to the internet. 

Transactions can also be verified by connecting the wallet to the SafePal S1 app or browser extension. This is accessible via iOS, Android, Firefox, and Chrome. The SafePal S1 also comprises an anti-tampering and self-destruct mechanism – protecting it from physical attacks or theft. 

One of the best things about this wallet is the price – retailing at just $49.99. Thus, the wallet may be a top choice for those with a smaller budget. 

14. SecuX – Highly Secure Wallet Uses Biometric Recognition and a Military-Grade Chip

Mastering the art of modern technology with a sleek design, SecuX’s Shield BIO is one of the top crypto hardware wallets.

The SHIELD BIO uses biometric recognition, ensuring only authenticated wallet users can access the digital tokens adding an extra layer of security for users.

Furthermore, the wallet is embedded with an EAL5+ military-grade security chip offering unparalleled security and instant access to your crypto tokens. This also provides high security for critical data storage and transactions. 

The physical wallet takes the shape of a credit card making it easy to use on the move. Furthermore, it boasts a touch configuration, allowing you to trade XRP and other tokens in only a few clicks. In total, you can access 10,000+ cryptos with the SecuX Shield BIO wallet. 

To manage all your assets, the wallet can be connected to the SecuX mobile app and desktop platform. Thus, you can access a cross-platform experience with this popular wallet. Due to the robust security protocols the wallet offers, SecuX Shield BIO retails at $149. 

15. CoolWallet – Access 10,000+ Cryptos with this Credit Card-Sized Hardware Wallet 

CoolWallet S is next on our list due to its portable design, security features, and protocols. The thinnest wallet in the world, CoolWallet takes the shape of a credit card.

Bendable by design, CoolWallet is highly durable and can be carried around in your pocket. The hardware wallet is water-resistant up to 60 minutes, and heat-resistant up to 60 degrees. The wallet is embedded with a CC EAL5+ certified secure element chip meaning the device has undergone one of the most robust security practices in the industry. 

Your wallet can be connected to the CoolWallet app on iOS and Android. However, the wallet is protected with a six-digit PIN, which is used to access the app. If a hacker manages to access your PIN, they would need physical confirmation from the hardware wallet through button confirmation. Thus, it becomes extremely difficult for a third party to access the CoolWallet.

The CoolWallet S uses advanced cold pressing technology making it inoperable once disassembled. To secure confidential data transfer, the CoolWallet uses encrypted AES-256 Bluetooth devices. In total, more than 10,000 cryptos can be accessed with the CoolWallet S. 

You can also access DeFi tools and DApps with this hardware wallet. The CoolWallet S retails at just $99. 

16. CoinSpot – Australian-Based Hot Wallet Gives Access to Multiple Local Deposit Options

CoinSpot is an Australian-based cryptocurrency exchange. This exchange also supports its own hot wallet meaning it is permanently connected to the internet. Therefore, while hot wallets may be more prone to online hacks, they offer faster and instant trading access. 

The CoinSpot wallet gives you access to all the features of the exchange. Along with XRP, you can buy, sell, and hold more than 360 available cryptos. You can also view your recent order history, access charting patterns, and trade crypto through P2P (Peer-to-Peer) options. 

On CoinSpot, you can make deposits using local AUD deposit options. These include PayID,  Direct Deposit, Cash Deposit, BPay. The drawback is that this wallet can only be accessed by Australian-based users. 

CoinSpot wallet uses two-factor authentication to protect user’s funds. 

17. Trust Wallet – Convenient Mobile Wallet Supporting dApps 

Trust Wallet is one of the best Ripple wallet apps. It’s available on both iOS and Android, as well as Chrome browsers. Setting up the wallet is simple and fast, with users needing to choose a PIN and write down their 12-word passphrase.

There are no fees to use Trust Wallet, although GAS applies when transacting. Trust Wallet makes no markups on GAS fees. Moreover, Trust Wallet does not charge any fees when swapping tokens. Trust Wallet is also ideal for connecting to dApps like Uniswap.

In addition to XRP, Trust Wallet supports over 70 other blockchain networks. This includes everything from Bitcoin and Ethereum to Cardano and Dogecoin. We also like that Trust Wallet offers a safe way to store NFTs. The main drawback with Trust Wallet is customer service is only offered via support tickets.

18. Coinomi –  Multi-Device XRP Wallet Supporting Over 125 Blockchains

Coinomi will appeal to XRP investors that also hold other cryptocurrencies. This is because the wallet is compatible with over 125 blockchains. This includes Bitcoin, Ethereum, Litecoin, Zcash, Tron, and Binance Smart Chain. We also like that Coinomi is a multi-device wallet.

Not only does it come as a mobile app but also as desktop software. Supported operating systems include iOS, Android, Windows, Mac, and Linux. All supported wallet types are non-custodial, so Coinomi never has access to the private keys. Another feature of Coinomi is that it’s ideal for keeping tabs on market prices.

For instance, users can view their portfolio values in over 168 fiat currencies. This makes it simple to assess how XRP and other cryptocurrencies are performing. Moreover, Coinomi is completely anonymous and fee-free. We also like that GAS fees are forwarded directly to miners. As such, Coinomi does not make any money from outgoing transactions.

19. XRP Paper Wallet – Free Paper Wallets With Printable QR Codes 

While XRP paper wallets are underutilized, they offer unprecedented security. This is because paper wallets are kept offline at all times, so it’s a fee-free cold storage alternative to Trezor. A popular provider to consider is XRP Paper Wallet.

After visiting the XRP Paper Wallet website, users simply need to click on the ‘Generate a Paper Wallet’ button. Within seconds, the platform will generate a new XRP wallet address and the respective private keys. Both are shown as QR codes that can be printed.

Then, the user will keep the printout somewhere safe. To transfer XRP to the paper wallet, users simply need to scan the QR code. This is also the case when it comes to transferring the XRP out of the paper wallet. Just remember that paper wallets will not suit active XRP traders.

How we Ranked the Best XRP Wallets

• The best wallets for XRP offer the perfect balance between user-friendliness, convenience and security.
• Users should ensure they choose an XRP wallet that is suitable for their preferred device type.
• While most XRP investors opt for a mobile wallet app, other options include desktop software, browser extensions and hardware devices.

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In this section, we explain how we ranked the best XRP wallets reviewed above.

Security

The first step is to evaluate how secure the chosen XRP wallet is. As noted earlier, security will often depend on the type of XRP wallet selected.

For instance, hardware wallets are the most secure, but also the least convenient. This is because XRP tokens cannot be transferred unless the user is with the device.

Mobile and browser extension wallets are secure, but not as safe as their hardware counterparts. This is also the case with Ripple desktop wallets. But equally, mobile, browser, and desktop wallets make it easy to send, receive, and trade XRP.

Support for Additional Networks

Many XRP investors also own other cryptocurrencies, such as Bitcoin and Ethereum. In this instance, it’s wise to choose an XRP wallet that supports all cryptocurrencies currently held.

Custodianship

XRP investors also need to think about custodianship.

• Those looking to control their private keys will need to opt for a non-custodial wallet.
• Those that do not want the responsibility of looking after their private keys should opt for a custodial wallet.

Those preferring a non-custodial wallet consider Gate.io (software) or Ellipal (hardware).

Features

Looking to store XRP while trading other cryptocurrencies? Consider an XRP that offers access to exchange services.

Binance is a good option, with the platforms supporting over 350 cryptocurrencies. Users can easily fund their trading endeavors directly from their wallets.

We also like Trust Wallet for its in-built staking and token swap tools. These tools are also offered by MetaMask.

Check out our Trust Wallet review and MetaMask review here.

Fees

All of the software and paper wallets discussed today are fee-free. This means no fees are charged to store XRP tokens.

However, hardware wallets like Trezor and Ledger Nano must be purchased. These providers charge $69 and $79, respectively, for their most basic models.

Also, be sure to check what fees apply for other features, like trading and fiat money deposits.

How do XRP Wallets Work?

All XRP wallets come with a public address. This enables users to receive funds from another person.

Here’s an example of an XRP wallet address:

rf1BiGeXwwQoi8Z2ueFYTEXSwuJYfV2Jpn

So, the owner of the above address would forward this to the sender when receiving XRP in their wallet.

Similarly, to transfer XRP to the above wallet, the sender would specify the specific address. Wallet-to-wallet XRP transfers take just four seconds to process. Moreover, fees are super low. As noted earlier, each transaction costs just 10 XRP.

Based on current prices, this amounts to approximately $0.000005. This is the case regardless of the transfer size. In addition to a public address, XRP wallets come with a unique private key. This is like the password to the wallet, so it should never be shared.

XRP wallets are unique in that they come with a 10 XRP activation fee. This means that wallet addresses are not activated on the blockchain until 10 XRP is added. Moreover, this is non-refundable. For example, depositing 60 XRP into a wallet would leave the user with 50 XRP in withdrawable funds.

Types of XRP Wallets

There are many types of XRP wallets to choose from. This includes mobile, web, desktop, and hardware wallets. Read on to learn more about each wallet type.

Software Wallet

Unless a life-changing amount of XRP is owned, software wallets are the best option. These are convenient but also come with adequate security features.

For example, the Gate.io web wallet is protected by two-factor authentication, and a regulated framework.

The Binance web wallet also comes with two-factor authentication, not to mention IP address and device whitelisting.

Those opting for a mobile wallet like MetaMask or Trust Wallet will protect XRP with a PIN or fingerprint ID.

Either way, software wallets are not only secure, user-friendly, and fee-free, but they also provide access to other features. For example, being able to earn interest on XRP or swap tokens without leaving the wallet.

Hardware Wallet

Large-scale XRP investors should consider a hardware wallet. This is the most secure way of storing XRP and other cryptocurrencies.

• The private keys are encrypted onto the hardware device – which is always offline
• XRP can only leave the hardware wallet after entering a PIN onto the device
• Lost, damaged, and stolen hardware wallets can be recovered remotely with the backup passphrase

The downside of hardware wallets is convenience. For instance, users will not be able to transfer funds unless they are with the device. This could be problematic if the user is away from the device for prolonged periods and they urgently need to trade.

Paper Wallet

Paper wallets are also secure and ideal for long-term investors. They follow a similar function to hardware wallets, insofar as they are always offline.

But unlike hardware wallets, paper wallets are free. For example, XRP Paper Wallet allows users to instantly generate a new wallet address and private keys. The user can then print the QR codes generated and store the paper somewhere safe.

To move the XRP to another location, users need to scan the QR code from an alternative wallet.

Are Ripple Wallets Safe?

The safety of an XRP wallet will vary from one provider to the next.

At the top of the security rankings are hardware wallets like Ellipal, Trezor and Ledger Nano. These keep the XRP tokens away from live servers, removing the threat of the wallet being remotely hacked. Moreover, transactions cannot be authorized unless the user enters the wallet PIN on the device.

Software wallets are also safe, but reduced security makes way for increased convenience. For example, software wallets make it simple to send and receive funds, not to mention buy, sell, and swap XRP.

That said, XRP investors also need to consider the custodianship of the wallet to make an informed decision.

Non-custodial wallets like Gate.io, MetaMask and Trust Wallet give users full control of their XRP tokens. This is because only the user has access to their private keys.

Seed Phrase Security 

Users can get access to their private keys through a seed phrase – which consists of a sequence of 12, 18, or 24 words in length. Since the seed phrase gives access to your private keys and digital tokens, it is important to store them properly. 

Users can lock their seed phrases on top storage devices such as Cryptotag. This device is built using aerospace-grade titanium, which is heat and water-resistant. The device stores at least 24 seed phrases, and is compatible with top wallets, including Ledger, Metamask, and Trezor. 

How to Get & Use an XRP Wallet

Ready to get a free, secure, and highly convenient XRP wallet?

Read on to learn how to download and manage the Best Wallet.

Step 1: Downloading the App

Visit the Best Crypto wallet website and select whether you want to download the Android or the iOS version. The browser wallet version is under development and will be available in the near future.

Scan the QR code with your smartphone camera and download the app.

Step 2: Registration and Account Creation

Sign up using an email. Next, select your level of security. This means adding at least a four-digit passcode, but you can also add two-factor authentication and/or finger print ID.

Your account is now live.

Step 3: Deposit and Swap Crypto

Go to the Best Wallet dashboard where you can purchase crypto tokens or trade them through the built-in DEX.

Note, some blockchains aren’t supported yet.

Cryptoassets are a highly volatile unregulated investment product.

Conclusion

In summary, we have presented a selection of XRP wallets for investors to choose from. From mobile and desktop wallets to hardware devices, there is an option to suit all requirements.

That said, we found that Best Wallet stands out as the best XRP wallet.

It is a non-custodial hardware wallet with integrated decentralized exchange that plans to reward active users with a BEST token airdrop.

Cryptoassets are a highly volatile unregulated investment product.

FAQs