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Best Ripple Wallets in 2023
Ripple (XRP) is becoming a blue-chip coin in the cryptocurrency market and a popular investment asset. According to a Bankless Times study, XRP accounts for 15% of the crypto owned in the US. Ripple wallets are necessary to protect your funds as they safeguard your investments far better than any exchange or broker. Also, each crypto wallet comes with a range of features like staking opportunities and tools that make investing easier.
This guide covers everything you need to know about the best Ripple (XRP) wallets in 2024. We’ll show you the best software and cold wallets you can use right now to store XRP and other crypto assets, as well as how to keep your crypto secure.
Additionally, if you would like to learn more, we created some other Ripple guides such as how to trade XRP, how to invest in Ripple (XRP), or how to buy XRP with PayPal.
- Best Ripple Wallets Compared
- What Types Of Ripple Wallets Are There?
- Top Free Ripple Wallets
- What To Consider When Choosing A Wallet?
- How Do You Cash Out And Spend Ripple From A Wallet?
- Top Tips For Ripple Wallet Users
- FAQs
- Related Ripple and Wallets Content
Best Ripple Wallets Compared
When investing in Ripple, you’ll want to use a top-tier wallet to properly protect your Ripple coins. We’ve tested the top available options to save you time and placed them in the table below.
Our top pick is regarded as one of the best wallets due to its multi-coin support and innovative features such as copy trading. Trust Wallet is a beginner-friendly option with a Web 3.0 browser with dApp connectivity. However, if you want your coins to get the best protection, then a hardware XRP wallet like the Ledger Nano X is the best overall option.
Wallet name | Wallet Type | Price | Beginner Friendly? | Best Feature |
---|---|---|---|---|
eToro | Exchange wallet | Free | Yes | Advanced trading and CopyTrader |
Ledger Nano X | Hardware wallet | $149 | No | Safely stores private keys offline |
Atomic Wallet | Software wallet | Free | Somewhat | User-friendly interfaces |
Trust Wallet | Software wallet | Free | Somewhat | Ease of use |
Exodus | Software wallet | Free | Somewhat | Built-in exchange |
1. eToro – Best Ripple Wallet Overall
Many exchanges have delisted XRP, but you can still buy, trade, and store it at eToro. As a reputable brokerage and trading platform, eToro is trusted and more accessible to newbies than most crypto wallets. You’ll be able to trade XRP using advanced features, keep up with the latest news and sentiment thanks to the social trading features, and even copy the trades of more experienced users with the unique CopyTrader feature.
- Advanced trading tools
- Accessible to new crypto investors
- Social and copy trading features
- Less secure than a hardware wallet
- Trading fees are a bit high
2. Ledger Nano X – Most Secure Ripple Wallet
If security is your priority, then you need a hardware wallet. Ledger stores your private keys offline on a physical device where they can’t be hacked. While some hardware wallets, such as Trezor, don’t support XRP, with Ledger you store XRP and over 5,500 other cryptocurrencies, as well as NFTs.
The Ledger Nano S is a slick-looking device with Bluetooth functionality. The device’s screen is easy to navigate, while its integration with the Ledger Live app means you can manage your crypto on the go and access services such as trading, staking, and exploring decentralized applications (dApps).
- Most secure option
- Accessible on the go through the Ledger Live app
- Support for thousands of cryptocurrencies and NFTs
- Harder to use than many software wallets
- Devices are expensive
3. Atomic Wallet – Most User-Friendly Interface
This is an all-in-one application that allows buying/selling, staking, and transferring. The user interface is elegant and provides all essential information from the dashboard. Also, the crypto wallet comes with a smartphone app, allowing you to control your money from anywhere.
- User-friendly interfaces
- Built-in exchange
- Desktop and mobile apps
- Supports multiple cryptocurrencies
- No hardware wallet support
- Can only trade supported coins
- Poor customer support
4. Trust Wallet – Best Ripple Wallet for dApps
Trust Wallet is an established software wallet that can store multiple crypto assets, including Ripple. The exchange section completes trades instantly at affordable fees. Furthermore, Trust Wallet has a Web 3.0 browser with dApp integrations. Also, the open-source app is available on iOS and Android devices.
- Credit/debit card integrations
- Multi-coin support
- Does not acquire data
- Comes with a Web 3.0 browser
- Instant trades with exchange
- No desktop app
- Cashing out process is inconvenient
- No learning section
If you’re interested in more XRP wallets, then take a look at the section below that covers the top options in different categories.
What Types Of Ripple Wallets Are There?
An XRP wallet is a physical device or software that stores public and private keys. These keys are used to validate that the cryptocurrency within the wallet is in fact yours. All types of XRP wallets have a unique address that is used for sending and receiving Ripple coins. More sophisticated wallets have extra features like bank card integrations and staking. The two main types of XRP wallets are hot and cold.
Hot Wallets
Hot wallets are always connected to the cryptocurrency network and the internet. This makes them convenient and easily accessible but also less secure as they could be vulnerable to hacking. Web3-enabled hot wallets also allow users to connect to dApps. They take the form of software that may be accessed via the internet or downloaded onto a device.
Best software Ripple wallets
Software wallets are excellent for quickly making XRP transactions, connecting to exchanges, or paying for services. We’ve listed the top options that offer unique features like built-in exchanges and fiat currency payment methods.
Wallet name | Best Feature | Get Started |
---|---|---|
Trust Wallet | Ease of Use | Visit Trust Wallet |
Exodus | Built-in exchange | Visit Exodus |
Atomic Wallet | Low fees | Visit Atomic |
Crypto.com | Staking options | Visit Crypto.com |
Edge Wallet | Payment methods supported | Visit Edge |
Desktop & Laptop
Desktop wallets are applications that you install onto your computer. At the start, desktop wallets will provide you with the seed phrase to write down and guide you through their start-up process. Also, desktop and laptop wallets may have built-in exchanges for convenience.
Web
Browser wallets are extensions or websites that you can use online. They are the least secure type of wallet as their connection to the internet can leave them vulnerable to hacking. However, their accessibility makes them convenient.
Mobile Apps
Mobile wallets are great for managing your funds while on the go. Most desktop, web, and exchange wallets will have a mobile app developed that comes with the same features as the base version. Also, some apps let you pay for products and services with your cryptocurrency for a small fee.
Best mobile application Ripple wallets
The mobile XRP wallets below let you conveniently manage your investments while on the go. They may also provide other features such as trading, exploring Web3, and staking.
Wallet name | Best Feature | Get Started |
---|---|---|
Trust Wallet | Easy to use | Visit Trust Wallet |
Atomic Wallet | Built-in exchange | Visit Atomic |
Exodus | Compatible with multiple blockchains | Visit Exodus |
Edge Wallet | Conviennent transactions | Visit Edge |
Apps
Downloadable apps like Exodus work from the desktop and require no browser extension. They provide the essential features needed for an XRP wallet: built-in exchange, user-friendly interfaces, and staking options.
Exchange Wallet
All cryptocurrency exchanges will provide you with an in-app wallet that holds your Ripple coins. They are great for holding short-term or when staking because of the advanced trading interface and investment opportunities provided. However, exchanges are big targets so withdrawing your investments to another wallet is safer.
A custodial wallet means you are not in charge of your private keys and rely on another entity or service to protect them. However, with a non-custodial wallet, you control the seed phrase and are responsible for protecting it. In addition, if the exchange with the custodial wallet goes bankrupt or gets hacked you may lose your investment and nobody will be around to reimburse your losses. Therefore, it’s highly recommended to withdraw to a non-custodial wallet for protection against hacks.
If you send a Ripple coin using the wrong wallet address, those funds will be lost forever. Every transfer you make must be double-checked to ensure it’s being sent to the correct address. This technical side of crypto can be challenging for beginners to understand, which is why using an exchange wallet may be easier for those starting out.
Cold Wallets
Cold wallets are physical, unlike software wallets. As they store private keys offline, they aren’t vulnerable to being hacked, but this lack of internet connection also tends to make them less convenient.
Hardware Wallets
Hardware wallets are physical devices that store XRP and all your coins and private keys offline, making them impossible to hack. Typically, these crypto wallets are ideal for larger amounts of money and those looking to hold long-term due to their security. However, you must keep your seed phrase stored in a safe location because this is the only way to access the tokens.
Best hardware Ripple wallets
Hardware wallets are perfect for those who want to be safer since they offer the best security. The options below were handpicked to be the most affordable and easiest to use.
Wallet name | Price | Best Feature | Get Started |
---|---|---|---|
Ledger Nano X | $149 | Ease of use | Visit Ledger |
Ledger Nano S Plus | $79 | Fast start-up process | Visit Ledger |
CoolWallet Pro | $149 | Convenient to use | Visit CoolWallet |
Paper Wallets
Paper wallets are pieces of paper with your private keys written down or printed. By not having your digital keys stored online, you are better protecting yourself as paper wallets cannot be cyber-attacked. However, paper wallets have fallen out of use since the rise of hardware wallets. Paper wallets aren’t popular due to their fragility. What’s more, you need to be careful how you generate your paper wallet’s private keys, as some online key generators may be unsafe.
Top Free Ripple Wallets
No wallet is truly free as they apply a small transaction fee when using the platform to trade or transfer coins. Nevertheless, the options below are free to install and offer the most features compared to other free XRP wallets.
Wallet name | Wallet Type | Best Feature | Get Started |
---|---|---|---|
eToro | Exchange wallet | Social and copy trading | Visit eToro |
Trust Wallet | Hot wallet | High levels of security | Visit Trust Wallet |
Atomic Wallet | Hot wallet | Multiple cryptocurrencies supported | Visit Atomic |
Exodus | Hot wallet | Comes with a built-in exchange | Visit Exodus |
What To Consider When Choosing A Wallet?
Do Ripple Wallets Support NFTs?
NFTs (Non-Fungible Tokens) are data stored on the blockchain that is unique and can be traced to the hosted wallet. Most wallets, like Ledger and Trust Wallet, have NFT integrations that let you store your NFTs such as digital art. Also, they allow you to transfer and trade NFTs by connecting to marketplaces such as OpenSea.
Is Staking Possible With A Ripple Wallet?
Staking is a process that requires you to commit your cryptocurrency to support the network. It’s a great way to earn passive income if you decide to hold your coins long-term. Unfortunately, Ripple does not function on a proof of stake blockchain, so you cannot stake the coins. However, wallets like Ledger and Atomic support the staking of other coins.
Can I Use The Same Wallet For Multiple Exchanges?
Yes, you can use the same crypto wallet to transfer coins to multiple exchanges, but only if the cryptocurrency is supported. The exchange must have a receiving XRP wallet address for you to deposit Ripple.
Can I Trade On Decentralized Exchanges Using A Ripple Wallet?
Decentralized exchanges are built on the blockchain and require connecting a wallet to the platform. Therefore, you’ll most likely need a browser wallet since they offer swift connectivity to the DEX.
Can I Buy Ripple Using A Wallet?
Some crypto wallets provide fiat currency payment methods like bank transfers and debit/credit cards for buying Ripple. Unfortunately, instantly buying via the app results in higher fees compared to using a cryptocurrency broker. In most cases, you can use the built-in wallet exchange to trade Ripple at competitive rates. If you opt for an exchange wallet like eToro, you’ll have all the buying and trading tools you need on the same platform.
Here’s a step-by-step guide for buying Ripple with Trust Wallet:
Step 1: Create an Account
Download Trust Wallet and create an account.
Step 2: Write Down Your Seed Phrase
Write down your seed phrase and place it in a secure location. You should consider backing it up in more than one location so you won’t lose it, as it will be the only way to recover your wallet.
Step 3: Select the Amount
Select Ripple and the amount you want to buy.
Step 4: Input Your Card Details
Then, choose debit card as your preferred payment method. Input your card details and complete the payment.
Step 5: Ripple Will Show Up in Your Wallet
Finally, the trade will execute, and your newly purchased Ripple will show up in your wallet.
How Do You Cash Out And Spend Ripple From A Wallet?
Cashing out your investment can seem challenging at first, but the process becomes a lot easier with the right information. Here’s a detailed guide for converting your cryptocurrency to fiat currency through an XRP wallet.
Step 1: Open your crypto wallet
Log in to your cryptocurrency wallet or recover it on another device by using the seed phrase.
Step 2: Transfer the Coins to an Exchange
Next, deposit the coins to an established cryptocurrency exchange with the correct receiving address. You can do this by going to your wallet and clicking the “Send” button. Then in the required section, copy and paste the exchange address. Write the amount you wish to send and transfer the Ripple.
Step 3: Sell the Coins
Once the coins have reached your exchange wallet, open the trading interface. Search for Ripple and select the relevant trading pair. For example, if you want to cash out in US dollars, choose the XRP/USD pair.
Next, pick a market order, which will complete the trade instantly. Then indicate how much Ripple you want to convert into fiat currency. Review the trade and click “Sell” to exchange the coins.
Step 4: Provide Your Banking Details and Withdraw
Finally, navigate to the transfer section and click withdrawals to begin. Provide your preferred way of getting paid: bank transfer, debit/credit card, or eWallet. Finish by writing how much fiat currency you want to cash out and press “Withdraw” to complete the transaction.
Top Tips For Ripple Wallet Users
Double-check cryptocurrency addresses before transferring coins. Incorrect ones will result in funds getting lost forever.
Never write your seed phrase on websites or unauthorized smartphone apps because it’s most likely a scam or phishing site.
Create multiple copies of your seed phrase and place them in secure locations. They are the only way to recover cryptocurrency wallets if you’ve lost the login password.
A wallet’s or exchange’s customer support will never ask for your seed phrase. If they ask, it’s a scam, and you should immediately close the chatbox.
Be cautious if you use a mobile wallet. This is because it’s become increasingly popular for thieves to target people with smartphones and instruct them to transfer coins to their private wallets.
FAQs
Is it safe to share your Ripple wallet address for crypto giveaways?
It’s safe to enter your XRP wallet address to crypto giveaways if they are done by verified brands. However, it’s not recommended to give out your wallet address because it can make you a potential target for hackers and you will expose how active you are with transfers and the amount stored within the wallet.
Do I need a wallet for Ripple faucets?
No, it’s not essential to have a crypto wallet for Ripple faucets. Most cryptocurrency exchanges provide a section to earn coins for completing simple tasks.
Do you need a crypto wallet for Ripple betting?
Yes, decentralized gambling dApps require connecting a cryptocurrency wallet to their platform. If the app is built focused around XRP, you will need an XRP wallet to participate in gambling activities.
What are the best wallets for ICOs?
The best wallet for ICOs is the Ledger Nano X because it’s compatible with multiple cryptocurrencies. Also, you can install specific blockchains so it will be compatible with the ICO you want to participate in.
What are the best multi-currency wallets?
The best multi-currency wallets are Trust Wallet and Exodus. Trust wallet supports thousands of cryptocurrencies and allows bank card payments. On the other hand, Exodus is brilliant for its staking programs and built-in multi-currency exchange.
What is the best personal Ripple wallet?
The best personal wallet is Trust Wallet, thanks to its ease of use and user-friendly interfaces. It allows bank card payments and low fees for transferring crypto between accounts.
Which type of Ripple wallet is best?
The best type of XRP wallet depends on your needs. For example, hardware wallets are amazing for their advanced levels of security and long-term holding potential but are inefficient for quickly transferring coins. Software wallets are ideal for short-term trading strategies because they allow fast connectivity to exchanges. However, they do not store your private keys offline, making them less safe than hardware wallets.
What is the difference between a Ripple wallet and an exchange?
Wallets are used for storing crypto and transferring them between accounts. An exchange is an investing platform used to buy and sell coins like Ripple, though most of them also include a built-in trading wallet for users.