If you are in the crypto world, then you must be aware how quickly ripple prices shot up. It has increased more than 1000% within a few days.
With such a huge increase in prices, a lot of people are buying Ripple to book their share of profit.
But after buying it, people are worried to store there asset securely. Hence, most of the people are looking for some of the Best Ripple wallets to safeguard their investment.
Also, a few friends of mine were planning to buy Ripple but had a lot of question in mind. And if you are also going to buy XRP, then this post will help you out as here I will cover a few questions that every beginner has in their mind.
You must be thinking:
- Where to Buy Ripple?
- How to store XRP?
- Which are the top Ripple wallets?
Moreover, I will add only add reliable, safe and trusted wallets/exchanges on this list so that you never face any hack or scam.
So, Without any further ado! Let’s start.
Where can you buy Ripple Coin?
This is one of the most frequent and important questions that people generally have in their mind before getting started with any cryptocurrency. So, let me tell you there are many ways through which you can buy XRP.
It is not a very hectic task at all.
We can use several ways to buy XRP and store it.
Using an Instant Exchange Service
- You can use Changelly and ShapeShift.io to exchange Bitcoins for XRP. These tools are really very quick and you can get XRP within a few minutes.
- The best part is that you do not need any verification to buy XRP using these conversion tools
- Though using these exchange tools is very quick and reliable, you would be charged a small conversion fee.
- I personally use Changelly whenever I need to buy any Altcoin using Bitcoin.
Using an Exchange Website
- If you know a bit about Cryptocurrency trading exchanges, then can you easily buy XRP from there as well.
- You just need to send some Bitcoins/Ethereum to Binance and buy XRP from it.
You can also use other exchanges like :
Once, you have purchased XRP from the desired source, you need to store them safely. You can keep your XRP in Poloniex or other exchanges for a short period of time. However, I would never recommend you to store your crypto in such exchanges as you might lose your funds if they are hacked or closed due to some reason.
Update: Since a few of our users claimed of losing their funds in Gatehub, I have removed Gatehub wallet from the list. As of January 2018, the XRP wallet list is updated few other ways to store XRP. I personally use the first one.
Best Ripple Wallet (XRP Wallets)
There are different types of Crypto wallets and some are easy to use while others have unmatched security.
Actually, The security of the wallet depends upon where the private keys are stored. Whenever we create a wallet, a private key is generated. This private key gives access to the funds in the wallet.
Hence, It is recommended to use a wallet where you own the private keys and no one else. For example, when you store your funds on an online exchange, the private keys are stored on there live server of the company. Hence, if the server is hacked you might lose your funds. This is a very common mistake that most of the people do.
I will explain about these wallets, later in this post.
Before we start with the wallets, let me give you a very important insight about storing Ripple(XRP).
So, If you add 100 XRP to you Ripple Wallet, 20 XRP will be used to book the wallet address. Thus, you are most likely to stick to a single wallet address rather than having multiple XRP wallet addresses.
So, Make sure to select the best wallet as per your requirements, so that you do not end up losing your valuable 20 XRP coins.
Let’s hope on to the list now.!
These are the Best Ripple Wallet:
|Ledger Nano S||Hardware Wallet|
Ledger Nano S
If you are into Crypto world for quite some time, then you must have surely heard about Hardware wallets. These wallets have top-notch security for Cryptocurrencies.
Ledger Nano S allows you to own the private keys thus making it impossible for hackers to steal the funds.
This tiny looking USD device comes with an OLED screen on the top to check the wallet balance.
You can receive the funds anytime, anywhere but in order to send the funds, you need to connect the device to your computer.
The best part is, Ledger allows you to store various other cryptocurrencies along with XRP. Some other altcoins supported by Nano S are BTC, BCH, ETH, ETC, Dash, Stratis and Zcash. They are adding new crypto rigorously.
I would highly recommend you to buy yourself Ledger Nano S to store your Cryptocurrencies safely. You must also read complete guide and review on Ledger Nano S.
Binance is one of the best cryptocurrency in the recent times. It has gained immense popularity due to the availability of a large number of cryptocurrencies.
If you are willing to buy ripple quickly and then you can store it on Binance for a few days. However, I would never recommend you to store your crypto on any exchange as these can go into issues any time.
The best thing I like about using Binance is that it provides 50% discount on trading fees when you convert BTC/ETH to XRP using BNB.
Once you buy XRP, you can simply transfer it to Ledger Nano S which is a highly secure hardware wallet.
Poloniex is my favorite cryptocurrency exchange as it is very easy to use and has high liquidity which is great for day trading. However, if you are new to cryptocurrency world you would find it overwhelming.
Inorder to buy XRP on Poloniex, you need to use BTC or ETH. Once you buy XRP, you can store it on Poloniex but I would recommend you not to store for the long duration of time.
You can read about buying cryptocurrency on Poloniex here.
- Once, Your Poloniex account is verified and you have Bitcoins in it
- You just need to go into XRP market
- Now Buy the Amount of XRP you need
- That’s it! XRP’s will soon be added in your Poloniex Wallet.
If you urgently want to purchase some XRP and has got Bitcoins, then you must use Changelly where you can convert BTC to XRP and then store them on Polo Wallet.
For Australia and Newzealand you can use a similar Ripple Exchange and Wallet called Coinspot.com.au and Btcmarket.net. Moreover, One of my friend from Australia prefers, Coinspot as it has better Customer support and User Interface.
Recently, I came across an amazing Exchange which allows you to buy crypto as well as store them.
Coinpayments supports wallet for more than 70 cryptocurrencies. Hence, You can store XRP along with various other cryptocurrencies under one roof.
Coinspayment is not just a wallet, it offers payment gateway for merchants to accept payments in cryptocurrencies.
Since it is a Web wallet, remember not to store a large amount of crypto on it.
Talking about the Desktop Wallet for Ripple, Rippex is the most trusted and easy way to store your XRP.
For those who do not know, Desktop wallets are the application which are downloaded on the computer and the private keys are stored on the machine itself. These wallets are safer than web wallet but could be hacked by malware on the computer.
So while using a Desktop wallet it’s better to keep your computer virus free and turn the internet off.
Rippex is highly famous among crypto enthusiasts as it gives them control over the Private keys.
Currently, It is available for Windows, Linux and Mac systems.
Which is the Best Ripple Wallet?
So, This is it on my side today. Selecting the best XRP wallet depends completely on you as it depends whether you want easy access or high security of your funds.
Moreover, We expect more secure and trusted wallets to be available in the market, thus making it easier for us to store Ripple.
I hope you liked our article about the Best Ripple Wallets and if you did, then don’t forget to share it with your friends of the same interest.
If you have any queries or suggestions about Ripple(XRP) Wallet, then feel free to comment below and we will be more than happy to revert you back.
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