Simple Guide to the Best Ripple Wallets in 2024
Welcome to my article about the best wallets that you can find that support XRP (Ripple). Here, you will find detailed information and listing of wallets, their features, and reviews at the tip of your fingers. Of course, all of this was created in order to assist you in your choice of the perfect wallet that will suit your needs. Continue reading as next, I will get straight to the point with the best XRP wallets out there.
01.The Best Ripple Wallets
Below, you will find a table containing what I consider to be the best Ripple wallets on the internet. In the different columns I have listed different functionalities, characteristics and features of each wallet example as well as a Review. If you are having a hard time deciding which wallet is perfect for you just from the table of information, feel free to check out each wallet’s review as there you will find detailed information.
| Type | Name | Compatibility | Supported Coins | Features | Get Wallet |
|---|---|---|---|---|---|
| Desktop Wallets | Full Toast Review |
XRP Only |
-HD Wallet -Built-in Decentralized Exchange -Offline Transactions |
Download | |
| Full Rippled Review |
XRP Only |
-Validating node -Multisig -Built-in Decentralized Exchange |
Download | ||
| Hardware Wallets | Full Ledger Nano S Review |
80+ Coins 1100+ Tokens |
-HD Wallet -Open-source |
See Pricing | |
| Mobile Wallets | Full Edge Review |
20+ Coins 1000+ Tokens |
-Built-in Exchange -Built-in marketplace |
Download | |
| Web Wallets | Full Exarpy Review |
XRP Only |
-HD Wallet |
Visit Website |
Complete List of Ripple Wallets
If from the list of best wallets for Ripple nothing stands out as the wallet of your choice, don’t worry. In this section I have compiled a complete list of all wallets that can support XRP. Again, like in the previous table, I have added all the extra features and characteristics that each of them has in order to help you with your choice. In case that you need more information than shown below, you can always check out each Review and get more details.
| Name | Type | Compatibility | Supported coins | Security | Operational Cost | Features |
|---|---|---|---|---|---|---|
| Rippled | Desktop |
XRP Only |
Passphrase |
220 XRP |
-Validating node -Multisig -Built-in Decentralized Exchange |
|
| Abra | Mobile |
20+ Coins 6 Tokens |
Pin |
20 XRP |
-Built-in Exchange -Fiat Gateway |
|
| Atomic | Desktop |
30 Coins 1000+ Tokens |
Passphrase |
Free |
-HD Wallet -Atomic Swap -Fiat Gateway |
|
| BitGo | Web |
10 Coins 180+ Tokens |
Passphrase
2FA |
Free |
-HD wallet -Multisig |
|
| Coinbase | Mobile, Web |
9 Coins 6 Tokens |
Passphrase Pin Fingerprint 2FA |
Free |
-Built-in Exchange -Fiat Gateway -QR Scanner |
|
| coinpayments | Mobile, Web |
80+ Coins 1000+ Tokens |
Passphrase Pin Fingerprint |
Free |
-Fiat Gateway -PayByName Feature -Multisig |
|
| CoinSpace | Web |
9 Coins 1000+ Tokens |
Passphrase Pin |
Free |
-Built-in Exchange -Location based transactions |
|
| CoolWallet S | Hardware |
8 Coins 17 Tokens |
Pin Fingerprint 2FA |
Free |
-HD Wallet -Offline Storage | |
| Crypto Key Stack Hardware Wallet | Hardware | – |
1000+ Coins |
– |
Free |
-HD Wallet -Cold Storage -Fireproof, Waterproof, EMP Proof |
| Edge | Mobile |
20+ Coins 1000+ Tokens |
Passphrase Pin Fingerprint 2FA |
20 XRP |
-Built-in Exchange -Built-in marketplace |
One of the main questions that you need to answer yourself is how you will be using the wallet. If you are a person that is on the move a lot, then a mobile or hardware wallet will be a perfect fit for your lifestyle. Otherwise, a desktop wallet would be more than suitable for your needs as it offers higher security features than a mobile wallet.
02. Common Features of Ripple Wallets
Let’s talk about some of the common features that the Ripple wallets share between themselves. As you may have noticed, most wallets that can support Ripple are so-called multi-coin wallets that support a multitude of crypto assets.
In the case of security features, if you have picked a mobile wallet you will have the QR code function, which will allow you to quickly scan and provide your public address to the parties that you would like to trade with. Also most of the wallets are using a centralized validation while only a few of them are actually SPV clients. I would like to elaborate further on these features in the coming sections.
Security and Privacy
I would like to mention that most of the XRP wallets are actually light nodes, so they don’t need to download the whole blockchain transaction history in order to be operational. Check out below the common privacy and security features they possess:
Two-Factor Authentication
Wallets with this function will require you to enter an additional field of information for every action you take with it. Great examples are Edge, Ledger nano S.
Multisignature
Wallets with this feature require multiple parties to sign the transaction in order to be confirmed on the network. Such wallets are BitGo, CoinSpot.
Hierarchical Deterministic
These wallets can create an unlimited number of pairs of keys for each transaction and in case that you need to recover the wallet, you just need to enter the master seed key. Some of the HD wallets are CoolWallet S, Toast wallet, Guarda.
Transaction Fee Management
Some wallets can offer their users the option to manage the transaction fees, but in the case of Ripple, there are no wallets that can offer that. This is due to the consensus mechanism that XRP is using making the fees change depending on the overall network load.
Also another thing to keep in mind is that most wallets will require 20 XRP “fee” in order to generate an address. This amount does not go to the wallet provider but instead is reserved in your account.
03.FAQ
-
How to create an XRP Gatehub wallet?
Simply click the “Add wallet” icon, enter your password and choose the option “New”. Type a wallet name and click the “Create” button.
-
How to remove a wallet from your GateHub account?
Three steps: go to “Wallet” section, click “Advanced” and then “Delete”.
-
What are the destination tags in CoinJar?
This is a required component when receiving transactions in some of the wallets. You should ensure to always include your destination tag when receiving transactions.
-
How to view your receiving ripple address in CoinJar?
Select the “Everyday Ripple” option in your account and check on the “Actions” drop down menu to click the option “View address”.
04.About Ripple
If you are interested in topics like financial institutions, then you might have heard the name Ripple before. A lot of banks are using Ripple, because it’s scalable, innovative and most of all – stable. It has more than 200 financial institutions as customers that offer fast and liquid transactions. Every time a transaction is made, a portion of the transaction fee gets burned hence reducing the circulating supply in the network. Ripple also does a lot of charity for technology development to multiple organizations like Ripple Works, DonorsChoose.org and Ripple University Blockchain Research Initiative.