Worried about your XRP’s security?
You must have heard from people that you shouldn’t keep your XRP on any cryptocurrency exchange.
That’s because there are some real past incidents where people have actually lost their cryptocurrencies due to their blind faith in exchanges.
Some exchanges got hacked while some just vanished in thin air. People have literally lost their hard earned money due to carelessness!
Therefore, it is essential for you to choose your own best ripple XRP wallets where you & only you could access your funds and have full control over them.
There should be no third party involved between you and your XRP.
Ripple XRP Wallet Secret Key
Every Ripple XRP wallet address has its own secret key. If you’ve your XRP wallet secret key available with you then consider yourself bulletproof secure.
Secret key represents full ownership of your crypto. But guess what? Exchanges never share your wallet’s secret key with you.
Thus, after purchasing your XRP from any exchange you should immediately transfers them to your own personal XRP Wallet.
Here’s my recommended Best Ripple XRP Wallets:
1. Ledger Nano S
Ledger Nano S is one of the most popular hardware wallet out there. It can easily store your XRP as well as other cryptocurrencies.
By far, it is also one of the most secure wallet you can get for yourself. All the secret keys are stored inside the ledger nano s which is protected by a secure chip locked by a PIN.
The same type of chip is used for passports and credit cards.
But if somehow your ledger nano s gets lost or stolen, even then also you can recover your stored cryptocurrencies by using a confidential recovery phrase on any other ledger device.
If you’re a long-term XRP holder, then it’s best to opt for a Ledger Nano S as it is one of the best ripple xrp wallets out there.
Trezor was one of the first hardware wallet launched in the cryptocurrency space, even before the ledger nano s.
There is absolutely no difference between a Trezor & a Ledger Nano S, apart from the fact that Trezor supports 746 cryptocurrency coins & tokens.
It is exactly similar to a ledger nano s in terms of security, portability & reliability.
Trezor supports almost each and every cryptocurrency out there while the ledger nano s currently supports only about 40+ cryptocurrencies.
If you’ve interest in multiple cryptocurrencies, then surely choose Trezor.
3. Toast Wallet
Toast wallet is one of the cheapest & fastest way to store your XRP securely.
Unlike any other hardware wallet, toast wallet is completely free and can be set up instantaneously.
It is an open source XRP wallet for both mobile & desktop platforms.
With the help of toast wallet, you can generate your own personal XRP address. You can also check your XRP’s address secret key.
I would advise you to write your XRP wallet address & its secret key on a piece of paper and keep it somewhere safe.
Toast wallet will provide you other options like generating a passphrase for transactions, creating a pin for accessing the application and making a backup for the entire wallet.
No doubt, all of them are important but the most important ones are your XRP wallet address & its secret key.
The best part about toast wallet is that it doesn’t store your confidential information on its server. It’s just on your device.
Therefore, it’s your job to secure your device.
Read more about it here: Toast Wallet Review
4. Atomic Wallet
Atomic wallet is a desktop application wallet which supports XRP along with 300+ other cryptocurrencies.
This wallet has a beautiful user interface. You can also purchase cryptocurrencies from within the wallet using your VISA or Mastercard.
It also allows you to swap cryptocurrencies within the application to avoid any third party risks.
Atomic wallet is as secure as Toast wallet. Just like toast wallet, atomic wallet also does not store any of your confidential data on its server.
Atomic wallet gives you the access to your private keys and they personally do not have any control over them.
Therefore, as long as you keep your wallet address & its private key with you safe there is no way for it to get hijacked by someone else.
Exarpy is a browser only wallet for managing your XRP crypto and its transactions. You can access Exarpy from any device & from any browser available on that device.
You can easily store, send or receive any amount of XRP without any third party involvement by accessing their website on your browser.
Exarpy is completely secure and does not store your wallet’s secret key on their server.
Thus, it is your responsibility to keep your Ripple XRP’s wallet address & its secret key with you safe.
The only downside of using Exarpy is that it charges 0.025 XRP per transaction.
However, Exarpy just acts as an interface and actually request your balance and transaction history directly from Ripple.
Gatehub is a ripple wallet as well as a cryptocurrency exchange.
As a wallet, it provides an individual user their XRP address & its secret key. Also, a user can create multiple XRP wallet’s through gatehub.
By providing its user their wallet secret key, gatehub ensures that the individual user gets full control of their XRP wallet.
As an exchange, you can trade XRP for fiat currency or even bitcoin.
Thus, it is a multipurpose ripple wallet with an inbuilt cryptocurrency exchange feature. It is also officially recommended by the Ripple company on their website.
7. Ripple Paper Wallet
As the name itself suggest, ripple paper wallet is just an XRP address with its secret key & a barcode printed on a piece of paper.
It is a cold wallet which is completely offline.
People who are the long-term holders of XRP are generally interested in a paper wallet.
If you do create a paper wallet, make sure to create several copies of that paper and store it somewhere safe.
It is also one of the best ripple xrp wallets solution.
Website Link: http://www.xrppaperwallet.com/
All the ripple wallet’s which are genuine and gives you the secret key with wallet address holds a minimum requirement of 20 XRP to activate that wallet.
20 XRP is a minimum balance that an individual has to maintain in their own Ripple XRP Wallet. It is a network requirement which has been set by the Ripple Company itself.
If the price of XRP increases, Ripple Company might lower the minimum XRP requirement in the future.
Ripple has set this 20 XRP requirement so that people don’t create unnecessary multiple wallets on their network.
So basically, if you transfer 100 XRP to any of your XRP wallet, you can only withdraw 80 XRP until and unless Ripple Company lowers their network requirement.
Cryptocurrency exchange uses a single XRP wallet with different destination tag for each user. Don’t keep your precious XRP on exchanges because they’re just sitting on someone else’s wallet.
To get full control of your XRP, create your own best ripple xrp wallets from my list. I’ve tried & tested all of the above mentioned Ripple wallets myself and they all work flawlessly.
I’m personally using a Ledger Nano S and Toast wallet for my daily usage.
If you’re using any of the above mentioned XRP wallet or some wallet which we’ve not mentioned yet, then do let us know about it in the comment section below!