XRP wallet

Best Ripple wallets – 2018 edition

Your comprehensive guide to the best wallets for storing XRP (XRP).

Ripple is a US tech company that aims to make it faster, easier and more affordable to send money overseas. To achieve this, it offers a range of products and solutions to banks and payment providers around the world.

This includes the use of XRP, the native asset of the decentralised XRP Ledger. You can buy and sell XRP on a wide range of cryptocurrency exchanges, but before you do, it’s essential that you set up a safe and secure wallet to store your XRP.

However, there are a number of XRP wallets available, so the challenge is sifting through the best products to find one that’s right for you.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Best wallets for XRP

Name Product Wallet type Supported Cryptocurrencies
Mobile
Web
BTC, LTC, ETH, BAT, BCH, DASH, BTG, XRP
Buy, send and convert more than 35 currencies at the touch of a button.
Hardware
BTC, BCH, BTG, ETH, ETC, LTC, DOGE, ZEC, XRP, DASH, STRAT, KMD, ARK, EXP, UBQ, VTC, VIA, NEO, XST, XLM, HSR, DGB, QTUM, PIVX, POSW, EOS, TRX, PPC, BTCP, ZEN, XZC, POA, RSK, kUSD, VET, ICX, PART, ONT, WAN
Securely store some of the world's most popular cryptocurrencies on the Ledger Nano S hardware wallet.
Toast Wallet
Toast Wallet
Desktop Client
Mobile
Web
XRP
Toast sets out to offer a multi-platform Ripple wallet that’s “simple enough for your grandma but safe enough for a Swiss banker”.
GateHub Wallet
GateHub Wallet
Web
XRP, BTC, BCH, ETH, ETC, REP, DASH, QAU, XAU
GateHub’s web wallet offers multi-currency support, in-built exchange features and market analytics.
Cryptonator Wallet
Cryptonator Wallet
Mobile
Web
BTC, BCH, BLK, BCN, ETH, DOGE, DASH, EMC, LTC, XMR, EMC, VTC, PPC, XPM, RDD, XRP, XPY, ZEC
Cryptonator wallet allows you to store multiple world-leading cryptocurrencies online.

Compare up to 4 providers

Ripple vs XRP

If you came here searching for Ripple wallets, you might be surprised to learn that Ripple and XRP are actually two different things.

Ripple is the name of a US tech company that aims to provide faster and cheaper cross-border payments.

XRP (XRP) is an independent digital asset that facilitates fast transactions on the Ripple network, acting as a source of liquidity and a link between different fiat currencies.

Learn more in our in-depth comparison of XRP and Ripple.

What to look for in an XRP wallet

If you're searching for a Ripple wallet, it's important to be aware that Ripple doesn't recommend or endorse any XRP wallets. However, there are several wallets available from third-party providers, so make sure to compare your options and remember to keep an eye out for the following features:

  • XRP support. This is an obvious point but one worth remembering as crypto wallets don’t support every currency. Make sure any wallet you choose is fully compatible with XRP.
  • User-friendly interface. Transferring and storing cryptocurrency can be a confusing process, especially for newcomers to digital currencies. Make sure any XRP wallet you choose has an easy-to-use interface that’s simple to understand.
  • Ongoing development and support. Check to confirm whether the wallet is backed by a development team that continues to upgrade and improve its features. In addition, check what support the wallet provider will offer if you ever have any issues storing your XRP.
  • Security and backup features. How secure is the wallet you’re thinking of choosing? Is it a hot or cold wallet? What measures are in place to protect your private data? Are there any backup and recovery options if something goes wrong?

There's lots more to learn about how cryptocurrency wallets work.

5 wallets to securely store XRP (XRP)

1. Ledger Nano S

  • Security, stores multiple cryptocurrencies, unlimited XRP storage
  • Cost, often shipping delays

Ledger Nano S

The Ledger Nano S offers a simple, secure way to store your XRP. An XRP hardware wallet that plugs into your computer’s USB port, the Nano S is compact, versatile and extremely popular.

The Nano is essentially a USB device that stores your private keys. However, it also features a built-in organic LED (OLED) screen, which allows you to quickly and conveniently check your balance or confirm a transaction.

Hardware wallets allow you to conveniently store and manage your currency and are generally considered to be more secure than web and desktop wallets. Rather than actually storing your currency, the Nano S tracks your XRP holdings on the blockchain. It also stores and protects the data (private keys) needed to access your cryptocurrency.
Read our full review of the Ledger Nano S wallet here

The fact that it offers offline storage provides protection against hackers, while you’ll need to create a four-digit PIN that you must use to send payments. If there are three incorrect PIN guesses, the device wipes itself. Other security features include a backup recovery sheet and advanced passphrase options.

This wallet also supports a range of other popular cryptos, including bitcoin (BTC), Ether (ETH), Dash (DASH) and Zcash (ZEC), so you have a secure place to store your crypto portfolio.

Keep in mind that in periods of high demand, there have been shipping delays of up to six weeks.


2. Uphold

  • Easy to set up and use, supports multiple digital assets
  • Funding methods vary depending on country of residence

Uphold wallet

Uphold is a digital money platform and multi-currency wallet where you can buy, convert and store XRP and several other assets. In fact, it offers support for 8 cryptocurrencies, 20 fiat currencies and 4 precious metals.

Read our full review of the Uphold platform.

Boasting a simple setup process and a straightforward user interface, Uphold can be accessed via your web browser or through iOS and Android mobile apps. Supported cryptocurrencies are XRP, bitcoin, Litecoin, Ether, Basic Attention Token, Bitcoin Cash, Dash and Bitcoin Gold, and sending and receiving payments is easy. 2-factor authentication is supported to provide extra protection for your funds, while 24/7 security monitoring provides extra peace of mind.

Uphold is available to users in more than 180 countries, but the payment methods you can use to deposit funds into your wallet vary depending on your country of residence. Conversion fees also apply, so read the fine print closely before signing up.


3. Toast Wallet

  • Free storage, accessible on multiple platforms
  • Can only store XRP

Toast wallet

This open-source XRP wallet offers a free and easy way to store XRP. The creators of Toast Wallet claim they set out to create a Ripple wallet that’s “simple enough for your grandma but safe enough for a Swiss banker”, and that gives you a good idea of what you can expect.

Toast Wallet combines a simple interface with accessibility across a wide range of platforms. It’s available for iOS, Android, Windows, Mac and Linux, allowing you to manage your XRP holdings across all your devices. There’s also a backup feature for extra security as well as a secure PIN and a recovery passphrase. As it’s non-hosted, you’re always in control of your private keys.

Perhaps the biggest downside of Toast Wallet is that it can only store XRP. This won’t be a problem for some users, but if you’re looking for a wallet that can hold a variety of crypto holdings, you’ll need to look elsewhere.

You can download this wallet from the official Toast Wallet website.


Storing XRP in an exchange wallet

You also have the option of storing your XRP holdings in a wallet based on a cryptocurrency exchange. The main advantage of this approach is that your coins will be ready to trade instantly should you ever wish to sell them.

However, storing your funds on an exchange comes with a security risk as there have been numerous reported examples of exchanges being hacked and customers having their coins stolen. There have also been incidences of dodgy exchange operators stealing from their customers, so it’s generally recommended that you set up a secure wallet separately which only you can access.

Get a list of which exchanges let you trade and store XRP.

4. GateHub

  • User-friendliness, convenience, analytics
  • Not as secure as hardware or desktop wallets

GateHub

If you’re searching for a web wallet which you can use to store your XRP holdings, GateHub is well worth a closer look. This online wallet supports XRP as well as several other cryptocurrencies and allows you to send and receive payments via Ripple, SEPA, international wire and more.

The biggest strength of GateHub is its ease of use. The user interface is simple to understand for crypto novices and also allows you to access a comprehensive overview of your crypto assets (including analytics) on a single page.

It offers support for the following crypto and fiat currencies: XRP, USD, EUR, BTC, BCH, ETH, ETC, REP, DASH, QAU and XAU. Platform users can trade currencies and cryptocurrencies directly on the Ripple network and even trade precious metals like gold and silver.

In terms of security, you’ll need to set up a GateHub identity and satisfy know-your-customer (KYC) requirements when you register for an account. GateHub also allows you to set up 2-factor authentication to provide increased security.

Image description
The GateHub Wallet interface GateHub

5. Cryptonator

  • Easy access, user-friendly interface, holding multiple currencies
  • Not as secure as cold storage

Cryptonator app

Cryptonator is an online wallet that provides support for XRP, bitcoin, Ethereum, Dash, Litecoin, Zcash and a range of other coins. In all, 19 currencies are supported, and all are simple to view and manage through Cryptonator’s user-friendly interface. You can also instantly exchange between currencies in your account without incurring any fees, though you might want to check how Cryptonator’s rates compare to those offered elsewhere before using this feature.

You can manage the XRP in your Cryptonator account 24/7, and another bonus is that you can access your account from multiple platforms. As well as access from your PC or Mac, Cryptonator also has apps for Android and Chrome.

From a security point of view, Cryptonator claims to offer bank-grade security. Features include an encrypted SSL connection over HTTPS, 2-factor authentication and trusted IPs.

Having said that, this is an online wallet, so it’s never going to be as safe as storing your funds in an offline hardware wallet. There’s also no iOS app, which is a real drawback for iPhone owners.

Tips for securely storing your XRP

Want to store XRP or any other cryptocurrency as safely and securely as possible? Make sure to keep the following tips in mind:

  • 20 XRP. Unlike bitcoin wallets, which are usually free, XRP wallets require you to pay 20 XRP to reserve your wallet address. With this in mind, it’s probably best to store all your coins in one wallet, unless you want to spread your funds across multiple wallets and you’re happy to pay 20 XRP each time you set up a new one.
  • Set up 2-factor authentication. If your wallet allows for it, make sure you enable 2-factor authentication. This provides an extra layer of security for your crypto funds.
  • Keep your private keys private. Make sure you never share any private keys with anyone else. Keep a backup and store it in a safe place.
  • Backup. Security is paramount when storing XRP or any other crypto, so choose a wallet that provides an easy-to-use backup option. Remember to make use of the feature regularly as it provides important protection against losing your funds.

Check out our complete guide to securely storing your crypto

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Images: Shutterstock

Disclosure: At the time of writing the author holds ADA, ICX, IOTA and XLM.

Tim Falk

A freelance writer with a passion for the written word, Tim loves helping Australians find the right home loans and savings accounts. When he's not chained to a computer, Tim can usually be found exploring the great outdoors.

Was this content helpful to you? No  Yes

Related Posts

Latest crypto guides

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.
Ask a question
Go to site