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Top 5 wallets for Ripple (XRP)

Tanja Nechet

News editor

Aug 25, 2022 at 01:54

One very interesting advantage of cryptocurrencies is the ability to store them without resorting to intermediaries. Cryptoassets are attractive because they allow owners to send them to compatible online or offline wallets. This provides more freedom, but it also shifts all responsibility for the safety of funds to the owner. Therefore, the security of digital savings should always come first.

Storing assets in a personal wallet (or self-hosted) requires maximum privacy and care. For example, they may be different in compatibility with varying assets of crypto, physical composition, or security features. We’ve compiled the most important information about wallets for those who prefer XRP cryptocurrency based on the XRP Ledger (XRPL) blockchain.

Ripple and XRP are not the same. Image: Ripple


The main feature of the XRPL blockchain is that it is open-source and takes no more than five seconds to complete a transaction. Ripple has publicly said that XRP and the XRPL blockchain are independent.

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The principles of this particular blockchain are that the wallet must contain at least 20 XRP. This is the minimum amount you will need to open a wallet, and it must always remain there. Typically, the XRPL blockchain will not allow the balance to fall below the minimum required amount (unless the wallet is deleted or part of the funds is used to pay transaction fees). The minimum limit of 20 XRP can be changed up or down if the blockchain votes.

Types of XRP wallets

  • Hardware wallets. These are the safest kinds of wallets. They are USB devices connected to PCs, tablets, and phones to send, receive, store, and run XRP. The best XRP hardware wallets incorporate Ledger.
  • Software wallets. It can be downloaded from the Internet and installed on a PC, tablet, iPad, or smartphone. You have to be very careful and beware of phishing and malicious links. So choose to download only the official sites of a particular XRP wallet. Most of them work with an internet connection. They are also commonly referred to as “hot” wallets.
  • Paper wallets usually consist of two aspects. The first allows you to design or make a private key or QR code for the wallet through programming. The second is a note containing a secret key or passphrase (seed phrase) to recover your savings in the event of an emergency. Such wallets are considered more secure than hardware because they are protected from malware and various types of hacking (but there are certain risks and tips on how to avoid them).

How to create a Ripple wallet?

There is no single universal method of creating a Ripple wallet. It depends on the type you choose. Hardware wallets and software wallets are designed in completely different ways.

A hardware wallet involves purchasing a physical device to store your keys. You can order one online or go to your nearest store. However, such cold wallets will cost you much more than software wallets. In addition, they are entirely useless without a computer with an internet connection. So, once all of these conditions are met, and you are connected, you will often see a setup wizard window that will help you step-by-step with creating a Ripple wallet.

Software wallets are much more affordable. Self-custody wallets (where you control your keys) are available for manual setup. It would be best if you had a special app or a browser extension (like MetaMask). Only you will manage your keys and make sure they are safe. It is better not to lose them. Most custodial wallets suppose registering an account on a platform (a cryptocurrency exchange, for example) and fulfilling the points described there in detail. The keys are accessed through a previously created account.

What should you look for in an XRP wallet?

There are several essential points to consider to choose the best cryptocurrency wallet for XRP.

  • When choosing a wallet with XRP support, the main thing is to decide exactly how the cryptocurrency will be used. If it is a HODL strategy, where funds are accumulated and saved over a long period, it is best to get a hardware wallet.
  • Next, it’s worth setting up two-factor authentication (2FA). You can only log in after confirming your identity in the cryptocurrency wallet. This is extremely important because even in the case of hacking, the hacker will still need to pass the second part of the authentication.
  • If several people own a crypto wallet (family members or business partners), it is crucial to introduce multi-signature support. Thus, access will only be possible if more than one key is entered. This will also prevent one of the key owners from taking possession of the funds.
  • If you own several different cryptocurrencies, different wallets for each are very inconvenient. The most appropriate option, in this case, would be an XRP wallet app with support for several types of cryptocurrencies.
  • Accessing a mobile crypto wallet with a QR code scanner is an important feature. Mobile crypto wallets use it to generate a QR code to transfer coins.
  • A cryptocurrency wallet must also be backed up. This will save you in case your tablet or computer stops working. You can back up your valuable data and restore your crypto wallet.

Best wallet for Ripple in 2022

  1. remains one of the best DeFi wallets today. This platform allows you to buy over 200 cryptocurrencies for over 20 traditional (fiat) currencies. has high-security standards; you can trade without commission and get up to 0.01% on taker commission paid; setting alerts and tracking the price movement of more than 200 cryptocurrencies is available. has the lowest transaction fee by credit, debit card, or bank transfer. And automatic conversion to cash at ATMs using a Visa card is also available. On, Ripple can be exchanged for any cryptocurrency on the spot exchange and traded through perpetual and regular futures. A loan of up to 50% of the wallet balance is available for all cryptocurrencies. But commissions without using CRO can be quite high. With a simple interface, trade discounts can be hard to find. Mobile applications for Android and iOS are available.
  2. Atomic Wallet differs from others in its decentralized Atomic Swap exchange. On it, users can store private keys to their wallets using local devices. Atomic Wallet is also extremely convenient for beginner traders, who can buy crypto for fiat, including bank cards. This reduces the transaction fees you would have to pay additionally if you accept cryptocurrency in a third-party app and already fund your Atomic Wallet account. The exchange supports the storage of over 500 different cryptocurrencies and tokens, including XRP. Atomic Wallet is Ripple’s most convenient desktop solution, but Android and iOS apps are also available. Most tokens can be exchanged instantly. A 12-word recovery passphrase backup is available for the app. It will allow you to restore your wallet. Atomic Wallet is available to download and install for free. But there is a 2% fee (or $10 minimum) for each transaction.
  3. Binance is also one of the top XRM wallets because it provides users with many convenient and practical features. Users also access a platform for trading over 150 cryptocurrencies and 1000 coins. An API is also available to integrate your current trading application. Binance is considered one of the safest XRP wallets with a wide range of tools (basic and advanced) for online trading with 24/7 support. The platform is compatible with Web, iOS, Android, and PC. Binance has more than 1,400,000 transactions every second. Binance is considered one of the safest XRP wallets with a wide range of tools (basic and advanced) for online trading with 24/7 support. The platform is compatible with Web, iOS, Android, and PC. However, Binance can be challenging for those new to crypto. There are no fiat deposits or withdrawals.
  4. Ledger Nano is a good solution for hardware storage of XRP. The Ledger Nano cold wallet also supports multiple cryptocurrencies, up to 5500 coins and tokens. The small, compact device has a built-in LED display and a PIN to confirm payment. Funds can be easily accessed through any USB-compatible device. Up to 100 applications can be installed on Ledger, and 2FA can be used. It can also be used via a Bluetooth connection and comes with a USB-C cable and a built-in 8-hour battery. But there is no touch screen, and the price is quite high (about $175). There are mobile apps for Android and iOS.
  5. Trezor is a hardware wallet that allows you to store cryptocurrency (supports more than 1800 different ones) and easily connects to your computer or smartphone. The device knows how to generate a random PIN code, which is excellent for security. Trezor is equipped with a color touch screen, which is also convenient to use, as well as in case of the need to disclose a private key. The device is compatible with Linux, Android, Windows 10 or higher, MacOS 10.8 or higher, and a USB-C connection is available. However, Trezor hardware wallets do not support stacking. They are also pretty expensive — €189.
  6. The Robinhood Crypto platform provides real-time market data and analyst ratings and has a wide range of investment options. Robinhood also allows you to trade digital assets or invest in derivatives and stocks using the Android and iOS smartphone app. Robinhood Crypto has no fee to receive or send cryptocurrency, and the amount available at a time is up to $5,000. This software wallet is available to download and install for free.

Comparison table of XRP Ripple wallets

Name Type Price Fee to buy XRP Features Custodial and non-custodial Trading fee (0.4%) 0.4% Cheap withdrawal, friendly design
Coinbase Custodial and non-custodial 0.6% from taker and 0.4% from maker  – Easy to use, offers secure XRP storage, large
user base
Atomic Wallet Non-сustodial Depends on Changelly Various Secure, built-in exchange, offers encrypted keys
Ledger Hardware Depends on monetization or/and Wyre Various Allows you to store XRP offline on physical media, has a built-in exchange
Trezor Hardware Based on exchange 1-5% Very secure and extensible storage with password manager
Exodus Non-сustodial 0% trading commission + spread
+ miner’s commission
Depends on spread Decentralized, with built-in exchange, supports various payment methods

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