Last Updated: March 17, 2020
The Rise of Ripple
Ripple (XRP), co-founded by Chris Larsen and Jed McCaleb is an open-source cryptocurrency project aims to help traditional banks process international transactions using blockchain technology. The firms tech center is called, Ripple Labs.
XRP, currently trading as the third most popular crypto by market cap since 2017, is the native coin for Ripple. The firm main focus is cross-border payments, sourcing liquidity, fast, secure and cheap transactions.
Ripple’s main targets are banks, payment providers, and financial institutions. Its core technology offers super fast and secure international settlements. This allows Ripple to tap new and unexplored markets, by leveraging Blockchain technology.
It some ways, Ripple builds on the already existing financial infrastructure and tries to make it faster and more efficient.
Since Ripple is not a ledger-based platform, wallet compatibility for its native token – XRP has been very limited. Due to its complexity, there is a need to segregate the best Ripple wallets available in the market, which will satisfy the user’s needs.
Need for A Dependable Wallet
There are several things to consider before settling on an XRP wallet provider. The characteristics of a wallet depending on the usage and preferences of the holder. Wallets range from hot wallets – that is secure and connected to the blockchain, to online wallets – that make use of a custodian to store funds and finally to a hardware wallet that is considered the most secure way to store funds.
After a careful survey, we have come up with a list of some of the most reliable and best Ripple Wallets n the market. Their usage and features span the entire spectrum of user preference. We encourage our readers to have a look at the list and choose the Best Ripple Wallet that meets their preferences.
Top / Best 5 Ripple Wallets to Securely Store XRP
1. Edge Wallet
Considered by several outlets as one the Best Ripple Wallets to date, Edge wallet is a mobile multi-currency wallet for iOS and Android that proclaims advanced security features. Edge is considered a “hot wallet” as it is connected to the Internet via the mobile phone.
Rest assured, Edge is a highly secure application, supporting email-based backup, 2-factor authentication, and a wide range of security features. Users will be happy to know that Edge does not store any of the credentials of its users. The Edge Wallet is one of the few applications in the market that supports the storage and transfer of XRP.
- 21+ Token Support
- Amazing UI
- Can Buy and Sell
- No 3rd Party in between
- Platforms Supported:
GateHub is a highly influential player in the crypto industry. Aside from being the most secure and trusted wallet in the market, GateHub is also a platform dealing with a variety of services.
Unlike most application-based wallets, GateHub is also the custodian of cryptocurrencies. It stores the assets of its users, who trust the wallet because of its security and ease of use.
This online wallet is not just an XRP wallet but also allows the users to receive and send and store other cryptocurrencies. Some of the major tokens that enjoy storage support include ETH, ETC, REP, DASH, QAU, XAU, etc. One of the things that set GateHub apart is that it is both a Platform and a Wallet.
The wallet allows you to securely store all your digital assets, while the platform allows you to trade cryptocurrencies with fiat currencies like USD, EURO, INR, etc and even precious metals like gold and silver.
- Platform for Storage and Investment
- Analytics feature for the technical user
- Instant crypto-to-crypto and crypto-to-bank transfer
- Exposure to a wide range of investment tools
- Platforms Supported:
- Online Wallet (Browser-Based)
3. Atomic Wallet
Atomic Wallet took its name from the cryptocurrency exchange method named, Atomic Swaps. Atomic Swaps are a well-known innovation in the blockchain sector.
In theory, an atomic swap consists of a technique that allows the quick exchange of two different cryptocurrencies, running on distinct blockchain networks.
Atomic Wallet offers both a desktop and mobile application, which allows users full control over their crypto funds. It gives control of the wallet’s private keys to the user. Respecting user-privacy, all transactional data is stored on users’ devices and is not held by the wallet’s servers or its developers.
The Atomic Wallet is one of the first applications to announce support for XRP. According to AW’s website, “Atomic Wallet provides you one of the best options to store, send, exchange and buy XRP. Install Ripple wallet and manage XRP right in the Atomic Interface.”
This wallet is considered as one of the more simple XRP wallets. It is a very comprehensive, light and user-friendly wallet. With Atomic, users can easily store, send, receive, exchange, and buy Ripple from a variety of sellers. Looking at its ease and flexibility, the wallet has been approved by many users from the XRP community.
- Multi-Chain Swap
- 300+ Coin support
- Buying Cryptocurrencies with Credit Card
- Mnemonic Seed Backup
- Multi-Platform support
- Platforms Supported:
Toast Wallet is an open-source XRP specific storage platform. The open-source nature makes them incredibly simple and more secure than most providers. This combination of security and simplicity has made Toast wallet one of the most downloaded Ripple wallets for iOS and Android.
This popular crypto wallet the widest range of support for XRP. It has released the application for 7+ platforms, both mobile and desktop. One of the best features of Toast is that it is a fully open-source project, overseen and developed by members of the Ripple community themselves.
- Exclusive Wallet for XRP
- Multi-platform Support
- Open-Source and dependable
- Multi-layered backup
- Platforms Supported:
- Chrome (Browser-Based)
5. The Ledger Series
The Ledger Series consists of a number of hardware wallets. Nano S, Nano X, and Nano Live, for instance, are the most popular used and secure cryptoccurency hardware wallets in the space. Hard wallets are best know for secured features and trustworthy because they are tangible.
A Cold wallets is any hardware device store a users’ XRP and other tokens offline. The added layer of encryption, which is built-in among the Ledger wallets, acts as a barrier between the user and the threats of being online.
Ledger Nano, being a hardware wallet for Ripple and other altcoins, makes currency usage easy, secure and hassle-free. By connecting a compatible device with Nano – a PC or a mobile, users can start storing cryptocurrencies right away.
- Secure hardware storage
- Increased Security
- 23+ coin support