Overview
While Ripple and XRP are related, they should not be confused. Ripple Labs is the creator behind XRP and its associated services and technologies that range from payment settlement, cross-border payments, asset exchange, and international payments, to various remittance systems.
Ripple Labs aims to provide financial institutions with borderless, affordable, quick, and reliable options. Crypto users who do not actively use XRP as a medium of exchange can still benefit by either speculating on the price of XRP, or by investing in XRP as a store of value.
Ripple Labs is a popular entity in the crypto space and XRP is one of the most popular cryptocurrencies in the market, which means that there is no short supply of compatible wallets. The wallets that are detailed below are some of the best options for XRP.
Ledger Nano S
Overview
Ledger is a trusted brand where cryptocurrency wallets are concerned, and the Nano S is a popular option among millions of users. The Ledger Nano S is well-known for keeping funds in cold storage, away from malicious entities and possible cyberattacks.
Ledger Nano S can also be used by different compatible software wallets, adding a layer of security to the wallet of the user.
Features
| Feature | Information |
| Wallet Type | Hardware |
| Coins Supported | 1,100+ |
| Cost | $59 (950 ZAR) |
| Supported Platforms | Windows, macOS, Linux, Android |
Pros and Cons
| PROS | CONS |
| The time from initial start-up to first-time use is short | The wallet code is not open-source |
| Users can access a wide range of cryptocurrencies through Ledger Nano | Ledger Live has experienced recent breach-related issues |
| Users can either use Ledger Live or they can use any compatible software wallets | The recovery sheet can be a point of weakness that could lead to loss of funds |
| The Ledger Nano S is a more affordable option than the Nano X and competitors’ devices |
Crypterium Wallet
Overview
Crypterium Wallet is a popular mobile app that can be downloaded for free from either the App Store for iOS or Google Play for Android devices. Crypterium is a perfect option for crypto users who want to cash out their digital currencies for fiat currencies.
Crypterium features 2-Factor Authentication (2FA) in addition to several other security protocols that work to protect the wallet of the user.
Features
| Feature | Information |
| Wallet Type | Mobile app |
| Coins Supported | 100+ |
| Cost | Free |
| Supported Platforms | Android and iOS |
Pros and Cons
| PROS | CONS |
| Users can expect dedicated customer support that is helpful and prompt | It is not ideal for anonymous crypto trading |
| Users can earn up to 6% APY through the wallet | It is a hot wallet and can face cyberattacks |
| Users are given the option of using a virtual or debit card to make purchases from affiliated merchants | The wallet provider is criticized by various users |
Exarpy
Overview
Exarpy is one of the most popular native wallets that were specifically designed by Ripple Labs, making it one of the best options for XRP. Exarpy is non-custodial, and users have complete control over their private keys and their funds.
Features
| Feature | Information |
| Wallet Type | Browser wallet |
| Coins Supported | XRP |
| Cost | Free to use but involves a transaction fee of 0.025 XRP applies per transaction |
| Supported Platforms | All web browsers |
Pros and Cons
| PROS | CONS |
| The wallet is simple and user-friendly without any complex features that take away from its basic function as safe storage | Only supports XRP |
| The wallet is reliable and fast | The wallet is basic and only caters to day-to-day transactions |
| The transaction fee that is charged is low | The wallet is not integrated with an exchange |
| The wallet’s interface is intuitive | |
| Users have a secure and robust cryptographically-generated PIN |
GateHub
Overview
GateHub is a mobile app and desktop software application that supports more than 100 cryptocurrencies that can be sent, received, and stored. GateHub also has a comprehensive decentralized exchange that facilitates the exchange of tokens.
Features
| Feature | Information |
| Wallet Type | Desktop and mobile devices |
| Coins Supported | 100+ |
| Cost | Free |
| Supported Platforms | Windows, Linux, macOS, Android, iOS |
Pros and Cons
| PROS | CONS |
| Users can make deposits in fiat currencies | KYC process is tedious, and this cancels out the option of anonymous crypto trading |
| The wallet is user-friendly and straightforward | The online wallet can be vulnerable to attacks |
| Users must register for use of the wallet, making it a secure option according to anti-money-laundering policies |
Atomic Wallet
Overview
Atomic Wallet is one of the most popular software hot wallets that can be used for XRP funds. From the Atomic Wallet, user can easily buy different coins using fiat deposits, which saves them from having to convert their fiat to crypto through exchanges.
Atomic Wallet is compatible with XRP and 500 other coins, allowing for seamless integration of the wallet across several platforms including mobile devices and desktop computers.
Features
| Feature | Information |
| Wallet Type | Software (hot wallet) |
| Coins Supported | 500+ |
| Cost | Free |
| Supported Platforms | Windows, macOS, Linux, Android, iOS |
Pros and Cons
| PROS | CONS |
| Atomic Swap, the proprietary exchange of Atomic Wallet, can be used to exchange coins | When users purchase crypto with credit or debit cards, they can incur high fees |
| Users can use the wallet for free | The wallet is not compatible with hardware wallets |
| The wallet is non-custodial and employs robust security features | |
| The Private keys of the user are encrypted, and the app is protected by a 12-word recovery seed phrase |
Trust Wallet
Overview
Trust Wallet is a trusted and robust XRP wallet that supports thousands of other cryptocurrencies and more than 53 different blockchains. Trust Wallet offers simplistic, intuitive, advanced options for users to store, send, and received different cryptocurrencies at a fraction of the cost.
Features
| Feature | Information |
| Wallet Type | Software wallet (hot wallet or online wallet) |
| Coins Supported | Supports thousands of cryptocurrencies and 53+ blockchains |
| Cost | Free |
| Supported Platforms | Android, iOS, Android APK |
Pros and Cons
| PROS | CONS |
| It is a user-friendly and beginner-friendly option that is nun-custodial | While reputable, Trust Wallet is a hot wallet and will never be as secure as a cold wallet |
| Supports thousands of coins that can be stored, sent, and received | |
| The Wallet can be integrated to any mobile device that runs on Android or iOS software | |
| The brand is reputable and has built a decent reputation for itself |
Freewallet
Overview
Freewallet is an extremely versatile wallet platform that is user-friendly featuring a straightforward registration and verification procedure. The wallet supports a range of robust security options including transaction limits, fingerprint recognition, and 2-factor authentication that can be used on the mobile device.
All funds are kept in cold storage according to the provider and the wallet also features a native exchange. The wallet is non-custodial, and users are responsible for keeping their private keys safe.
Features
| Feature | Information |
| Wallet Type | Mobile wallet, browser wallet |
| Coins Supported | 28+ |
| Cost | Free |
| Supported Platforms | Web browsers, Android, and iOS |
Pros and Cons
| PROS | CONS |
| The wallet is free and open-source | The wallet is not regulated |
| Users can store, send, and receive XRP and various other coins | Hot wallets are inherently riskier |
| Users can switch between single- and multi-currency easily | Strict verification process where users must verify their email address and mobile number |
| There is a built-in decentralized exchange where users can exchange coins |
Uphold
Overview
Uphold is a versatile mobile application and a software wallet compatible with desktop computers and laptops. Uphold can be used to store, send, and receive a wide range of cryptocurrencies. However, it is more than just that, it is also a trading provider that offers more than 117 financial instruments that can be exchanged.
Features
| Feature | Information |
| Wallet Type | Desktop wallet and mobile app |
| Coins Supported | Over 117 financial instruments spread across precious metals, fiat currencies, digital assets, and stocks |
| Cost | Transaction costs range from 0.20% up to 3.95% |
| Supported Platforms | Windows, Linux, macOS, Android, and iOS |
Pros and Cons
| PROS | CONS |
| Uphold is transparent and does not charge any fees relating to accounts, instrument custody, or account inactivity | The educational materials are lacking |
| There is an easy one-step conversion between different assets | |
| Users are not subject to a minimum initial investment |
Abra Wallet
Overview
Abra Wallet is inherently known as one of the best XRP mobile wallets and it also offers additional features to crypto traders and investors. Abra offers users access to conventional exchange-traded funds (ETFs), stocks, and several others.
Abra is non-custodial, and users can easily exchange their fiat currencies for crypto coins, and vice versa.
Features
| Feature | Information |
| Wallet Type | It is a comprehensive mobile application |
| Coins Supported | 100+ |
| Cost | Free |
| Supported Platforms | Android and iOS |
Pros and Cons
| PROS | CONS |
| Users can buy, send, sell, and receive over 100 cryptocurrencies | US clients are limited on the securities that they can trade due to regulatory restrictions |
| The mobile wallet can be used by either Android or iOS devices | Users can expect high transaction fees |
| Users are given access to more than just crypto assets | |
| Provides support for over 70 currencies, which is more than some traditional brokers offer |
Edge Wallet
Overview
Edge Wallet is one of the best mobile wallets that can be downloaded from the App Store or Google Play, featuring decent user ratings and reviews on each application store. Edge Wallet features ShapeShift, a trusted cryptocurrency exchange through which users can exchange tokens.
Features
| Feature | Information |
| Wallet Type | Compatible with any mobile device that uses Android or iOS |
| Coins Supported | 11+ |
| Cost | Free |
| Supported Platforms | Android and iOS |
Pros and Cons
| PROS | CONS |
| Uses robust security including 2-Factor Authentication | Recovery questions are used as a method of wallet recovery |
| Users have access to ShapeShift | The wallet does not yet support a web interface |
| Users can buy crypto using their debit or credit card | There are only a few coins supported |
FAQ
What are the different types of cryptocurrency wallets?
There are two main kinds of wallets namely hardware wallets, which are physical devices, and software wallets, which are software applications for mobile and desktop devices.
Which are the best Ripple wallets?
The wallets on this list are the best options for XRP.
Is it safe to store XRP on an iPhone or Android device?
It is acceptable for short periods, but users must consider using a hardware wallet to store large amounts of XRP for longer periods.
What is XRP?
It is a digital currency that offers market makers, payment providers, and banks some of the best source of liquidity. The XRP ledger is an open-source product that was designed and developed by Ripple.
Can you mine XRP?
No, XRP is not a mining-based token.
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