Best XRP Wallets

What is Ripple (XRP)?

Ripple is a cryptocurrency platform that supports the Ripple cryptocurrency, a digital currency that’s designed for fast and secure international payments.

The Ripple platform is open source and distributed payments system that seeks to phase out centralized financial networks like credit cards and banks.

The Ripple cryptocurrency (XRP) powers the entire Ripple Network and is traded in most cryptocurrency exchanges.

The information provided here is for informational purposes only and should not be seen as investing advice. Our opinions on this site are only that, if you are considering an investment into cryptocurrency or anything we speak about on this site, please advise a trusted financial professional first, before doing so.

Different Types of Wallets

All cryptocurrencies are stored in digital wallets, the same way money in a bank is stored in a bank account. Given the huge number of cryptocurrencies in existence, there are just as many cryptocurrency wallets that are available in the market.

These are divided into hardware, software and online wallets.

Let’s first look specifically at software wallets to understand how they work and how different they are from other wallets.

Software Wallets

A software wallet is basically a mobile or computer application that stores the wallet address of your cryptocurrency tokens.

For comparison purposes, a hardware wallet is a physical device while a software one is an application.  Software wallets are divided into two; desktop and mobile.

While desktop wallets are computer applications that run on computers, the mobile wallet is an app that’s installed in a mobile phone.

Software wallets come in different kinds and functions. Some are designed to store a single coin, while others support many digital currencies.


  • Software wallets allow you to quickly access your currency addresses from any location across the globe. All you need is to click on a button to gain access to your account.
  • Most support a variety of cryptocurrencies.
  • They are cheap to buy and some are free to use.


  • One of the key disadvantages of a software wallet is that it’s vulnerable to malware and hack attacks and your coins’ security is not assured. Software wallets store private keys on the application and once this is accessed by hackers or attacked by malware, you lose your coins.

Let’s Now Look at Hardware Wallets

These are physical devices specially designed for storing cryptocurrencies in a secure way. Most of these dedicated devices resemble a USB stick and come equipped with a chip that stores all private keys offline, where hackers cannot access.

They are considered to be the most secure method of securing digital currencies.

As a matter of fact, a hacker will need to get the physical device for them to reach the private keys.

Even then, they’ll need a PIN code to unlock the device.

Hardware wallets can be connected to a computer to send currencies.

However, they store the private keys and will never ask you to key in the private key on the computer, meaning that it remains safe.

This is the safest method of storing cryptocoins. Even if you lose the device itself, you can restore your access to your private keys to a new device using the “seed words”


  • They are the safest and most secure method of storing cryptocurrencies.
  • They can be used alongside software and online wallets or paper wallets.
  • They support most major cryptocurrencies.


  • Hardware wallets are expensive.
  • They do not support most altcoins.

Online Wallets

These work in a similar way to software wallets, only that the private keys are stored by owners of the websites or in a cloud.


  • Just like software wallets, these are convenient as they can be accessed from any place.
  • They can also be linked with software and hardware wallets to give an extra layer of security.
  • Most are free to use.
  • They can store many altcoins at the same time.


  • Private keys are stored in the cloud or by third parties, meaning that their security can be compromised.

Ripple wallets we recommend

Ledger Nano S

The Ledger Nano S is among the most popular hardware wallets that support over 30 cryptocurrencies. It features a secure chip for ideal security.

It has a simple design making the process of securing coins easy and straight forward. If you'd like to see the simplicity of the wallet yourself, then head over to our head-to-toe review.

Toast wallet

When it comes to XRP software wallets, Toast Wallet rules the roost.

Its simple user interface and enhanced security features make it a superior choice for any Ripple user.


CoinPayments is another software cryptocurrency wallet that supports over 450 altcoins, including ERC20 coins. It’s easy to use and adopts the Two Factor Authentication feature to safeguard your private keys.

The only disadvantage with this wallet is that it doesn’t store your private keys, as these are secured by a third-party so expect medium anonymity when using it.


Exarpy is a web wallet for XRP users. Its distinguishing feature is allows users to freely interact with the Ripple Network. It’s not a free application as each transaction attracts a 0.0025 XRP fee.

In terms of security, this web-based wallet ties each account to a PIN. As a warm wallet, it lacks a database, allowing for anonymity.

Edge Wallet

Edge Wallet, formerly known as Airbitz, is a mobile wallet designed to have more functions than the typical cryptocurrency wallet. Other than storing XRP in the Edge Wallet you can also buy Bitcoins and other altcoins using the simplex feature on the App.

It offers the simplicity of a typical software wallet and robust security features of an advanced wallet. It was founded by Paul Puey in San Diego, California, in 2014.

Abra Wallet

This is a mobile wallet that provides users with a simple tool for managing their cryptocurrencies. Unlike conventional digital currency wallets, the Abra Wallet is both a storage and investment tool.

You can easily buy, store or invest in over 21 cryptocurrencies using the Abra wallet. The best part is you get to fund your account using BTC, BCH, LTC, credit or debit cards or bank transfers.

With Abra wallet, you get a chance to invest in other cryptocurrencies. Simply download the app and exchange your funds to any of the 28 supported currencies.


This is another online wallet available for storing XRP. It gives users a safe and secure option of storing or sending cryptocurrencies. All one needs is to tap on a button.

Its network is hosted by Ripple, although users are free to trade using other popular cryptocurrencies. Created in 2014, Gatehub is designed specifically for Ripple users. It allows them to fund their account using wire and bank transfers.

It’s users praise it for having competitive trading fees of a maximum of 0.3 % per transaction.


Uphold advocates itself as a cryptocurrency exchange and a wallet. Launched in 2015, it’s an online exchange and a wallet that can be accessed from any location.

It’s a regulated wallet that acts as a virtual wallet for fiat and cryptocurrencies like XRP. Additionally, it supports MasterCard. The only downside of using Uphold is its high fees and lack of anonymity.


This is an online cryptocurrency wallet that’s built with privacy and anonymity in mind. It takes security to the next level, adapting all possible measures to keep your coins safe.

For instance, all its services are run on a secure SSL connection and user data is hashed using the SHA 256 cryptographic technology.

It has emerged as a reliable wallet for XRP users, although its commissions are a bit high compared to others. It’s also available on Android and iOS.

Additionally, it comes installed with an exchange feature for fast and simple direct transactions.

Which Do We Like?

Time and time again, we're always going to suggest a cold hardware wallet like the Ledger Nano S. 

It's simply the safest solution for most people and if you have a hefty amount invested into crypto then I think you should consider one of these if you don't have one.


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