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Storing and trading cryptocurrencies requires a wallet where you’ll hold these assets. Your first option is a custodial or online wallet, where a third-party provider cares about the keys. That’s the easier option and is often available on reputable crypto exchanges. The other option is a non-custodial wallet, where you are in charge of key security.
Another consideration is that the wallet should support your desired currency. In this article, we are focusing on finding the perfect XRP wallet for all user types. We recommend six options and review crucial features to help you make the most suitable choice.
Price: Free
Pros
Android and iOS mobile wallet
Over 100,000 active monthly users
Supports multiple accounts on the same app
Specialized for XRP
Cons
Depends on your mobile device security
Xaman is a non-custodial crypto wallet that puts you in charge of accessing your funds. It’s possible to set biometrics or a passcode to unlock the wallet. It’s compatible with the XRP Ledger network and supports multiple accounts. You can easily import an existing account or create a new one.
Apart from interacting with the XRP Ledger, Xaman can interact with apps and tools from other developers. Thanks to that, you can play online games and use DeFi services available on the ledger. Retail providers can set Xaman as a gateway to accept XRP on their platforms.
Xaman also offers a beta version of their advanced wallet called Xumm Pro. It costs $60 in XRP to acquire it. It includes a Tangem card, which you can buy separately to maintain maximum control over wallet keys.
Price: Free
Pros
Multi-currency wallet
Exchange and pay via the platform
Analytics features allow net worth and transaction analysis
Access to XRP Ledger decentralized exchange
Cons
A hosted custodial wallet
GateHub is a wallet with loads of extra features and access to decentralized finance services. It claims to be the #1 option for the XRP Ledger, and it is a reliable tool for storing your XRP assets. However, it is a custodial wallet, so the provider has physical ownership of your funds. There’s an option to buy extra features, including a Theft Cover to protect your assets.
You can add all major cryptos to the GateHub wallet. That includes XRP, BTC, ETH, LTC, USDT, and others. The wallet also supports EUR, USD, and GBP, which means it provides the option of fiat conversions. You can use the GateHub app to exchange assets immediately. The platform charges for each transaction, and that’s how they profit from providing the services. You can also access the XRP Ledger decentralized exchange, which supports over 1,000 assets.
Price: Free
Pros
A non-custodial wallet with a native token
Buy, sell, and trade crypto with fiat
User-friendly interface
Cons
Desktop version isn’t yet available
Best Wallet aims to develop an extensive ecosystem with an all-around asset management and trading platform. It’s already a reliable non-custodial wallet that offers 2FA, login, and passcode security measures.
You can store multiple cryptocurrencies, including XRP and other major assets like BTC and ETH. The goal is to secure support for over 60 chains. Best Wallet allows the buying and selling of crypto with fiat, as well as swapping and advanced financial services like staking and iGaming. The network uses a native token called BEST to settle transactions.
Price: Free
Pros
Community-built version of Electrum BTC
Simple and easy to use
Advanced encryption features
Cons
No mobile version
Electrum became famous after building a Bitcoin wallet. The community adjusted that software to make it suitable for Ripple. Electrum-XRP is free to download and available on desktop computers, including Windows, Linux, and macOS.
You’ll be ready to go in only a couple of minutes. The wallet uses advanced encryption technology and a unique secret phrase for maximum asset protection. Electrum-XRP offers a simple but easy-to-use interface.
Source: Pixabay
Price: From $89
Pros
A top-quality hardware wallet
Maximum security levels
Support for 5,500+ coins and tokens
Cons
The price tag isn’t cheap
Ledger designed a series of different hardware wallets for those who need ultimate protection and safety of their crypto funds. The Nano version comes in a wide range of colors, and its compact size makes it suitable for carrying on a keychain or in your pocket.
Nano uses a CC EAL6+ certified chip for maximum safety. Using the wallet is easy since you use a button display and follow instructions on the screen. It’s easy to add funds to the wallet and navigate transactions when necessary. Ledger supports XRP and thousands of other cryptos, and it also allows NFT management. The company designed a Ledger Live app compatible with its hardware wallets, and that’s how you manage digital assets and access different DeFi services.
Price: Free
Pros
Suitable for trading crypto, fiat, and metals
Free account setup
A wide range of altcoins available
Cons
Not available in all jurisdictions
Uphold is a platform that offers multiple-asset trading. It’s not primarily a wallet, but it supports XRP and other major cryptocurrencies. Furthermore, many regard it as an altcoin heaven since it often offers a chance to acquire some new coins before others. That means you can use Uphold if you understand what you need to know about XRP trading, but it’s far more suitable for all-around traders.
The platform is a custodial option and charges fees for different actions. Uphold account setup is free, and there’s an Autopilot tool, which is essentially a trading bot. The contact support is reliable and ready to help.
Picking the best XRP wallet is all about finding the most suitable option for you. If you are a high roller who plans to hold on to a large quantity of XRP coins for a long time, a hardware wallet like Ledger is the best choice. Those who prefer trading different asset types could try Uphold. And if you need a reliable all-around asset management and trading mobile wallet, Xaman and GateHub are great recommendations. Ultimately, most options are free, so we suggest giving multiple choices a shot. That guarantees you’ll eventually find the best XRP wallet.