Summary of the best Ripple wallets (XRP).
Ripple (XRP) is currently a virtual currency, the largest cryptocurrency on the market today. However, given Ripple’s rapid growth and appreciation, storage is an issue we need to address. There are several Ripple wallets today and one wonders which wallet is the best. The need to have a secure Ripple wallet to store is very important. Bitcoin Vietnam News rounded up the best Ripple wallets (XRP) of 2019. You can rest assured of the credibility of this article.
Issues to consider when investing in Ripple
- Where should you store Ripple?
- Which wallets support XRP?
- How to buy Ripple cryptocurrency?
Where to buy Ripple (XRP)?
There are many exchanges where you can get XRP. The best way is to buy bitcoins and exchange them with Ripple.
- Changelly & Shapeshift – two popular sites to exchange BTC (or other cryptocurrency) for XRP.
- Another option is to use an exchange like Poloniex and buy XRP with Bitcoin or USD.
- You can also buy XRP on Bitstamp.
- Other exchanges that support buying Ripple are Binance, Huobi, Poloniex, Bittrex…
After selecting the exchange where you want to receive XRP, the next thing you need to know is where to store it.
The best Ripple wallet
Before talking about the best Ripple wallets, you should know one important thing:
Unlike Bitcoin wallets, which are free to set up, Ripple wallets require you to have 20 XRP to set up your wallet address.
So if you add 1000 XRP to your Ripple wallet, 20 XRP will be used to set up the wallet address. This is one reason you don’t want to use multiple wallets for XRP (unless needed).
Choose the right wallet from day one so you don’t lose 20 XRP to a different wallet address.
Ledger Nano S is a hardware wallet and it is also one of the best ways to store your wealth as it offers great security, is easy to use and you can take it anywhere.
I recommend Ledger Nano S because it supports many popular ciphers including:
Dash, BTC, ETH/ETC, Stratis, Zcash and now supports XRP.
You need to order it from the official website and it will take 4-7 days to be delivered to you.
Once you have it, you can check out the Ledger Nano S library on how to get started with the Ledger Nano S.
Gatehub is a popular website where you can store Ripple and also buy it in USD or Euros.
You can start by creating a GateHub account.
NOTE: Remember to write down the recovery key on a piece of paper and keep it in a safe place. If you have forgotten your Gatehub password, this is the only way to recover your Ripple wallet.
After creating a Gatehub account, the next step is to activate your account.
Once all this is done, you can deposit your funds (in USD or Euro) and buy XRP directly from Gatehub.
CoinPayments is recommended as a general purpose crypto wallet. In one account you can store Ripple along with many other popular cryptocurrencies. CoinPayments goes beyond XRP wallets as it offers a payment gateway for merchants that accept cash payments. With dual layers of security, it is possible to send to multiple addresses at once, making investors want to use CoinPayments.
Create a wallet on Poloniex
If you want to get XRP now, you can use Poloniex to get XRP wallet.
However, you should not store XRP on an exchange (any exchange) for more than 1-2 days as the exchange may crash or crash at any time and you risk losing your stored coins.
WARNING: Investing in financial products involves a lot of risk and may not be suitable for all investors. Therefore, please think carefully and check yourself before you decide to link to this website. CryptoViet.com.