Best Ripple XRP Cryptocurrencies Wallets |


Buy Ripple now, but when you do, make sure you have the right wallet.

Ripple is looking like it will be the cryptocurrency to focus on in 2018, with over 80 banks adopting the Ripple platform, it is time to consider Ripple as a viable investment. To invest in Ripple you will need a Ripple wallet. Below we have highlighted a service that will walk you through the process as well as other good wallet options.

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Cryptocurrency Wallets (XRP)

If you choose to go the exchange/wallet route when you buy Ripple, instead of trading via one of the many brokerage firms that support XRP and other cryptocurrencies, you will, at some point, have to decide on which wallet you want to store your precious XRP tokens in. Here’s a guide to help you choose…

20 XRP: Don’t forget!

Unlike Bitcoin wallets which, generally speaking, are free to download/use, Ripple wallets require you to have 20 XRP to reserve your wallet address.

20 Ripple XRP cryptocurrency

20 Ripple XRP cryptocurrency

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It is for this reason that you’re better off deciding on just one wallet for XRP – no sense throwing money away! Choose your Ripple wallet carefully to avoid wasting 20 XRP each time you download/use a new Ripple Wallet (don’t worry, this guide will help you make the right choice!).

Having said that, the charge only applies if you’re planning on holding XRP on the Ripple ledger. So, when you deposit into or buy from an exchange, you shouldn’t be charged because it’s the exchange that technically owns the address, not you.

So, there’s no minimum nor is there any reserve, apart from with Poloniex which, for some reason, has a complicated and unusual system when it comes to XRP (which we won’t go into) and, as such, may be best to avoid.

Software? Hardware? Paper-based? Hot? Cold?

There is a lot of confusing jargon surrounding cryptocurrency wallets. Do you want a software-based cryptocurrency wallet? Can you just leave your XRP on an exchange? Should you purchase a hardware wallet? If so, how much should you spend? And, finally, do you want a hot wallet or a cold wallet? So many choices… First of all, let’s define each term so we know what we’re talking about, going forward.

Software XRP Wallet

This is a Ripple wallet which isn’t physical but, instead, sits online. These can come in the form of applications for your phone, tablet or computer, websites which you access via your internet browser, or, perhaps mostly commonly, the ones provided on cryptocurrency exchange websites.

Hardware XRP Wallet

These are physical wallets which can be purchased online or in specialist stores. Most of them look a bit like USB sticks and have a small screen with a few buttons to allow you to check your funds and perform basic functions.

Hot Wallet

When people say a hot wallet, they just mean a wallet which is more or less always online and connected to the blockchain to allow for fast sending and receiving of funds. Your hot wallet is a bit like your actual wallet that you store cash in when you leave the house, whereas cold wallets are more like your bank account or, if referring to a cold hardware wallet then perhaps a safe/vault makes for a better, more accurate comparison.

Cold Wallet

So, cold wallets are obviously the opposite of hot wallets. They are usually physical, and are left online when not in use to allow for the safe keeping of coins. Paper wallets could also be described as cold wallets as they are, of course, not connected to the internet.

First Things’ First

The first decision to make when choosing a cryptocurrency wallet to house your XRP, is whether you want to use a hardware-based, a software-based wallet, or a paper-based crypto wallet (and hot or cold). So, let’s first examine the pros and cons of each so you can make an informed decision on which of the three is the most suited to your Ripple (XRP) storing needs.

Once we’ve established the advantages and disadvantages of hardware wallets, software wallets, and paper wallets, we’ll do a rundown of the top (in our humble opinion, of course) ones of each. This will give you an idea of what’s available, how much you should expect to pay (in the case of hardware wallets), and what kind of features you should keep an eye out for.

So, let’s begin by examining the differences between hardware cryptocurrency wallets and software cryptocurrency wallets, followed by the pros and cons of hot wallets and cold wallets.

Cryptocurrency Wallets: Pros and Cons

Hardware Ripple XRP Wallets:

Pros Cons
  • Very Secure
  • Look cool
  • Fun to use
  • Expensive
  • Can break/eventually need replacing
  • Vast selection/difficult to choose

Software Ripple XRP Wallets:

Pros Cons
  • Most straightforward
  • Fast
  • Cheap (free in most cases)
  • Not as secure as hardware or paper
  • Vast selection/difficult to choose
  • Reliant on internet connection

Paper Ripple XRP Wallets:

Pros Cons
  • Wonderful way to gift someone XRP
  • Very secure so long as kept safe
  • Cheap (free)
  • Can get lost/damaged
  • Harder to use/understand
  • Access reliant on internet connection

Hot Ripple XRP Wallets:

Pros Cons
  • Can access XRP immediately
  • Always connected to blockchain
  • Much more convenient
  • Less secure
  • Risky to store XRP savings there
  • More tempting to spend

Cold Ripple XRP Wallets:

Pros Cons
  • Very secure
  • Not stored online (more private)
  • Easy to keep track of amount
  • Difficult to access
  • Slower than hot
  • Can’t lose pass phrase/private keys

Top Ripple Software Wallets

Exchanges as Wallets:

For this entry, we’re just going to lump all exchange-based wallets together in the same category although we will, of course, mention a few of the top contenders because obviously some sites are better/more secure than others.

Best Ripple Wallets XRP

Best Ripple Wallets XRP

So, what do we mean by an exchange-based wallet? Well, when you open an account with an exchange website like, for example, Coinbase, Kraken, or Poloniex, you’ll find that the website provides you with a specific location to store each type of coin the exchange supports. These are great as hot wallets because they are incredibly fast to access (simply log in to your account and you’re pretty much there), and, so long as you stick to a reputable name (e.g. Coinbase, Poloniex, Kraken, Bittrex, and Bitfinex), they are pretty secure.

Set up a strong password, enable 2FA (Two-Factor Authentication), and don’t share these with anyone. One downside of storing XRP in exchange-based wallets is that technically the exchange retains some control of your funds and there’s a very slim chance that the platform could be infiltrated which could possibly result in your tokens being compromised. But, realistically, this is unlikely. Also, Coinbase now has a feature called the Vault: store your XRP in there and not even the exchange can access them.

One more advantage: instant access to funds in the event you want to buy Ripple (XRP) or sell Ripple (XRP) in a hurry, along with any other currency the platform in question supports, for that matter. You should be aware, though, that, if you do choose to store your XRP tokens on an exchange, technically speaking you don’t own the coins.

It’s like storing your money in a bank, it is basically yours, but technically-speaking it’s more like the bank owes you the money back. It’s the same deal with cryptocurrency exchange sites.

Exchanges we’d recommend:


Cryptonator is a wallet designed for convenience and security. Not only does it act as a wallet but it also has an instant exchange feature. This means that you can use it has a wallet and should you wish to invest in a different cryptocurrency other than ripple, the procedure is very easy.

You do not need to go to another cryptocurrency exchange because all functionality is found here. You can also exchange it for various fiat currencies, namely Euros, US Dollars, Rubles and the Ukranian Hryvnia.

Below is a step-by-step to opening an account and wallet with cryptonator:

  1. First you need to sign up, click the link here – Cryptonator.Cryptonator Sign Up
  2. You will have to choose between a personal or a merchant account and asked to fill in the fields.Cryptonator Details
  3. You will then be required to confirm your email address. As with many sites, simply go to your email and click the link sent to you by cryptonator.Cryptonator confirm email
  4. Sometimes you will be asked to verify your IP address, again, click the link sent to you.
  5. You will then find a list of wallets. Choose the Ripple wallet and click ‘Generate Wallet’, you will then be given a wallet address.Cryptonator Generate wallet address

Once you have sent your Ripple to this address, as we mentioned, you can then exchange for any other cryptocurrency that cryptonator offer. Simply click the exchange button and you will be see this page. Simple fill in how much you wish to exchange and click continue.

Cryptonator Exchange Crypto


Ripple XRP Wallet

Ripple XRP Wallet

Rippex says:

Rippex is a desktop-based downloadable application which is very popular among Ripple (XRP) traders.

Rippex is a brand created and maintained by Netmint Intermediação de Serviços e Negócios LTDA. Rippex’s services are created and developed by a team with extensive experience in IT and in dealing with digital assets.

A Rippex account allows deposits and withdrawals to and from Ripple accounts, so users can send payments to other Ripple accounts, and can buy and sell several assets. Our services are based in three pillars:

  • Security: We invest to offer a secure access to digital assets
  • Agility: we work to deliver faster and more integrated services
  • Credibility: the soundness and transparency of our services reinforces the trust of our users

Rippex is a good choice for beginners and experienced XRP buyers alike because it’s very straight forward to use but also takes security incredibly seriously. Most serious XRP traders favour Rippex because it’s such a well-established brand and, as such, has proved itself to be a reliable and safe place to keep XRPs and access them quickly.

Rippex also has a wide range of additional features and can support Bitcoin, FIAT money, and almost everything in between because remember, Ripple (the system) can transfer more than just XRP; XRP is simply the native currency. Ripple wallets/clients allow Yen to be traded for Euros and even Frequent-Flier Miles for, say, US dollars. Here’s a brief guide to opening a Rippex account.

  1. First, click here to arrive at the below screen:
  2. Now click on ‘CREATE YOUR ACCOUNT’ to arrive here:
  3. Create a username and password and work through the four stages… Simple.

Then your best bet is to purchase XRP via an exchange site, such as Coinbase, Kraken, or Bittrex, and transfer them over to your Rippex wallet for safe keeping. But remember, Rippex will want 20 XRP from you to pay for your address.

Toast Wallet

Toast is another fantastic choice for storing your XRP tokens. It’s a relatively new site but has quickly made a name for itself as a secure, easy-to-use, and feature-full wallet with a growing userbase.

Although not as well-established as Rippex, one advantage it does hold over Rippex is the fact that it can be downloaded onto your smartphone, whether you use Android or iOS. This is great for when you’re on the move and you want to check your funds or maybe even carry out a transaction.

Also, the Toast phone app looks very slick and is a dream to use so, if Rippex seems a bit confusing (which some new users have reported it does) then Toast might be a better fit.


Top Ripple Hardware Wallet

Ledger Nano S:

Now, let’s get into the hardware wallets (or hardware wallet, to be honest, because you only really have one choice when it comes to storing XRP), starting (and ending) with the wonderful (and extremely popular) Ledger Nano S device.

As you can see, the Ledger Nano S is very compact and very smart looking and has a screen, which not all hardware-based cryptocurrency wallets do. The Ledger Nano S is incredibly versatile which is useful if you plan on buying and trading multiple cryptocurrencies, besides just XRP.

It’s currently listed on Amazon for £79.14 with free delivery to anywhere in the UK and, at time of press, is actually in stock, for once (in the past, the Ledger Nano S has been notoriously hard to get hold of).

The Ledger Nano S is, as far as we can determine, the only hardware cryptocurrency wallet that supports XRP. It’s essentially a USB device which stores private keys, adding an additional layer of security and convenience. It provides support for a variety of cryptocurrencies including Bitcoin, Ethereum, and Litecoin (full list of supported coins below).

Here’s a list of all the cryptocurrency coins which can be stored on the Ledger Nano S:

  • Ark
  • Bitcoin
  • Bitcoin Cash
  • Dash
  • Dogecoin
  • Ethereum
  • Ethereum Classic
  • Komodo
  • Litecoin
  • PoSW
  • Ripple
  • Stratis
  • Zcash

As well as via Amazon, the Ledger Nano S can also be obtained directly from the manufacturer here for €58.00, at time of writing, which equates to roughly £52 GBP or $68 USD (so, if they’re in stock on the official website, you’re better off buying directly from the source, rather than using Amazon).

Inside the box you’ll receive the USB device, a USB cable, instructions, and a recovery card where you will want to write down your recovery seed (extremely important – and, also, essentially a paper wallet so now you’re familiar with hardware wallets and paper wallets!).

Unfortunately, because of a fairly recent surge in popularity (the Ledger Nano S supports the widest range of cryptocurrency coins by some margin!) which is likely partially related to Ripple’s ever-widening scope of popularity, the Ledger Nano S is on several weeks backorder.

So, if the Ledge Nano S appeals to you, you should put in an order as soon as possible. If you’re in a big hurry, then ordering from Amazon is probably the better option. Also, you’ll want to set-up a Rippex/Gatehub account to use in the interim.

Here’s a list of the Ledger Nano S specifications:

  • Check and confirm transactions on the display and confirm with using the physical buttons (anti-malware second factor)
  • Your confidential data is never exposed: it is secured inside a strongly isolated environment locked by a PIN code
  • Use companion apps such as cryptocurrencies wallets, and also FIDO U2F, GPG, SSH or build your own applications
  • Ledger Nano S supports the FIDO Universal Second Factor authentication standard on Google, Dropbox, GitHub or Dashlane
  • Your accounts are backed up on a recovery sheet. Easy restoration on any Ledger device or compatible wallets (BIP39/BIP44)

 Set up a Paper Wallet:

Now, let’s get into how you’d go about setting up a paper-based wallet. First, you’ll need to buy some XRP from an exchange site or something so you have tokens at your disposable. So, let’s assume you’ve already done this and you currently have, say, 100 XRP sitting in an exchange-hosted wallet.

Well, now it’s just a case of generating a wallet address for your paper wallet, then signing back into your exchange account and going to Deposits/Withdrawals and carrying out a withdrawal of, say, the whole 100 XRP (remember it must be at least 20 XRP, after transaction fees have been applied, to afford your paper wallet’s space on the Ripple Ledger).



Set up your Paper XRP Wallet:

You have various options you can choose from, go to one of the following:

Download this client:

Now, make a note if the secret key provided (IMPORTANT!). We’d definitely recommend making several copies of the secret and keeping them in very safe and secure places because, with this information alone, your wallet could be hacked.

How do you send Ripple (XRP) from a paper-based wallet? Well, you fold the paper into an airplane and launch it out the window. Just kidding, so you’ll obviously need to use a client to send funds.

So, first make sure you are using a computer you can trust, along with an internet connection you can trust (we’d always recommend using a VPN, Virtual Private Network, whenever possible for an extra layer of security and anonymity).

Now, visit this site:


Download this offline client: and enter your secret key then press ‘set identity’.

When you click ‘set identity’, your public key will be displayed.

Click ‘connect to Ripple’ and you will receive a response from a different window. You can now query the balance of your cold wallet, trade, and send funds.

You can also import the secret key into Gatehub, trade your XRP for FIAT, and withdraw directly to your bank.

This method is, admittedly, the most complex of all the ways to store XRP but is also arguably the most secure so, if you’re planning on holding XRP for a while, a nice, cold paper wallet might be just what you need.

Brokers getting in on the act

There is now talk of brokers wanting to change their stance on cryptocurrencies and actually offer a wallet service. This means that with some brokers you can both trade bitcoin as a CFD, whilst also owning the underlying product.

Whilst this is not operational yet, many brokers are looking into the idea of opening and actively trading cryptocurrencies. eToro is a broker who has been talking about this, and it looks like they will have this rolled out either this year or next.

For the moment you can only buy cryptocurrencies as a CFD through eToro, but watch this space.

Exchanges like CryptoGo do not provide wallets for their clients, this means that they cannot be hacked, however you will need to open a wallet with another provider, as highlighted above. For more information about CryptoGo, read our in-depth review.


So, if you’re looking for quick, easy, and pretty damn safe (though, admittedly not quite as safe as the other options if executed properly), storage for your Ripple (XRP) tokens then one of the many exchange-based wallets could be the best option, especially if you’re planning on doing a lot of buying and selling (‘day trading’).

However, if you choose to buy Ripple in big quantities then one of the other options would probably be better suited to your needs. In this case, the best thing to do would be to keep the bulk of your XRP tokens away in a cold wallet (hardware or paper) and then a smaller amount to trade with, in a hot wallet (possibly exchanged based; ideally on the exchange that you do your trading on). Remember the wallet and bank analogy from before? Just like that.

Thanks, and happy trading!

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