Best Ripple (XRP) wallets

Best wallets for XRP

We've sorted through dozens of wallets to help you find the best one for your Ripple (XRP) needs. Compare wallets on type, supported currencies and price using our comparison table — click Go to site when you're ready to buy.

What to look for in a Ripple (XRP) wallet

There is no native wallet that Ripple recommends for storing XRP coins. However, there are several third-party wallets that cryptocurrency investors can utilize. Not all of these are created equally. When searching for a way to store XRP there are several points to consider.

Not every third-party wallet is compatible with all cryptocurrencies. As a result, some will not be compatible with XRP. So before using a wallet, make sure that XRP is one of the cryptocurrencies that can be securely stored in it. Also, ask yourself whether you will need the wallet to store any other cryptocurrencies alongside XRP.

After compatibility, the level of security should be a user's next biggest concern. Do you want a wallet that is frequently connected to the Internet, but provides convenience to trade quickly, or do you want a physical hard drive-type device that keeps digital assets offline? After shortlisting your options, become familiar with how each wallet keeps your assets safe.

For new cryptocurrency investors, using and navigating a cryptocurrency wallet can be a confusing procedure. However, the best crypto wallets should make this process as comfortable as possible. Look for a user-friendly interface that should help to prevent mistakes from being made.

Finally, research the teams behind the wallet. A strong development team should be constantly upgrading and improving features. When was the latest update? In addition to upgrades, does the development team offer any kind of support if anything goes wrong?

Best for beginners – Edge

There are certain cryptocurrency wallets that make it slightly more simple for beginners to store cryptocurrencies and Edge is one of those. Designed specifically for iOS and Android, Edge comes as a mobile application that is exceptionally easy to use for those familiar with traditional banking apps. The mobile wallet is compatible with XRP and also a range of other cryptocurrencies. The wallet works in partnership with Shapeshift and Simplex to offer users the ability to convert cryptocurrencies instantly and purchase new cryptocurrencies when required. With regards to security, the wallet is non-custodial, employs a range of authentication procedures and stores all private keys locally on a user's device.

Pros and cons

Best desktop wallet – Exodus

Exodus is a useful crypto wallet for those looking to store XRP on their desktop. The application is beginner-friendly with an intuitive interface making it very easy to navigate. Compatible with over 100 different cryptocurrencies, users can keep track of multiple XRP wallets through live price updates. For added security, the desktop wallet can be combined with the Trezor hardware wallet. This provides an offline secure layer for those that wish to utilize the convenience of the desktop with the security of hardware. Finally, the built-in exchange also allows users to swap cryptocurrencies with just a few clicks.

Pros and cons

Read more about Exodus in our full review

Best wallet for security – Trezor Model T

The Trezor Model T is a hardware cryptocurrency wallet that was originally designed for storing Bitcoin. However, the wallet is now compatible with over 1,600 different cryptocurrencies, including XRP. The wallet takes the form of a physical device that is connected to a computer via USB. Digital assets can only be accessed when the device is connected. When disconnected, assets are safe from hacks and security breaches. The wallet works alongside associated software, where users can access live prices and update portfolios.

Through many partnerships, Trezor can also be used with a range of other software-based wallet providers, which gives users the flexibility to use multiple interfaces. While the wallet can be intimidating for new users and is slightly more expensive than competitors, it is undeniably one of the safest options currently available on the market.

Pros and cons

Read more about Trezor in our full review

Best overall wallet – Ledger Nano X

The Ledger Nano X is a hardware wallet that offers users the best of security, usability and flexibility, all for a competitive price. This is why we have placed it as the best overall wallet for storing XRP. Alongside XRP, the wallet supports connection with over 1,000 other cryptocurrency assets, making it one of the most popular solutions for most cryptocurrency investors.

The device is a USB drive that can be connected to a computer when digital assets need to be sent or received. When no longer needed, the device can be disconnected and assets can remain offline away from potential hackers. The device works in conjunction with an associated Ledger Live software. This keeps track of investors' portfolios and boasts a user-friendly interface. While the initial setup is more difficult than software wallets, the increased security offered by the Ledger Nano X is often invaluable.

Pros and cons

Read more about Ledger in our full review

Tips for securely storing your Ripple (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, most XRP wallets require you to keep at least 20 coins in your wallet address.
• Set up 2-factor authentication. If your wallet allows for it, make sure you enable 2-factor authentication (2FA). 2FA involves inputting a time-sensitive 6-digit code generated by a third-party app such as Google Authenticator. The process provides an extra layer of security for cryptocurrency funds and is now a common industry practice.
• 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.
• Go offline. If you're holding a large amount of XRP or any other cryptocurrency, store the bulk of your funds in a reputable hardware wallet for the best security. You can keep a small portion of your coins and tokens in a desktop or online wallet for quick access but the bulk should remain offline.
• Choose a wallet that suits your needs. Some wallets are focused on security and can be time consuming to use; other wallets are better for frequent trading and provide easy access to your XRP. Make sure whichever wallet you choose is right for your requirements.
• Backup. Security is paramount when storing any cryptocurrency, so choose a wallet that provides an easy-to-use back-up option. Remember to make use of the feature regularly, as it provides important protection against losing your funds.