This post is about Top 6 Best Ripple Wallet in the market.
Ripple Is best digital currency for investing purpose in the market. People who invested in Ripple(XRP) are making too much profit.
Many people buy Ripple and store in any exchange fund which is not secure.
Understanding and storing digital currency in the wallet is sometimes difficult. Like Bitcoin which offer many mobile wallets for storing Bitcoin, XRP support limited wallet.
If you are interested in buying Ripple then you should understand this thing:
- What is a Ripple?
- From where to buy Ripple?
- Where to store Ripple?
In this post, I will answer all question of yours. So stay until the end.
What is a Ripple?
Many people think if the currency is digital then it will also work same as Bitcoin. Which is half of the truth?
Ripple is a combination of digital currency(XRP) and open payment network which help you to transfer your money anywhere in the world. It is a peer-to-peer system which avoids all third party network like a bank. Therefore sending and receiving payment from Ripple is easy, fast and charge avoiding.
Ripple’s chief cryptographer, David Schwartz, explains it like this:
“Payment systems today are where the email was in the early ‘80s. Every provider built their own system for their customers and if people used different systems they couldn’t easily interact with each other. Ripple is designed to connect different payment systems together.”
The company which is behind the Ripple is planning to create 100 billions Ripples. Half of the Ripple is released and half have to create.
Unlike Bitcoin, Ripple didn’t wait for confirmation on a block for payment which made XRP fast.
From where to buy Ripple?
There are many sites which offer to you buy Ripple (XRP).
You can also exchange one cryptocurrency like Bitcoin with XRP.
- personally site which I like is bitsamp. You can buy XRP with an exchange of USD, EUR, BTC which are trending pair. You can also read full guide of buying XRP with bitstamp.
- The problem with bitstamp is, a process is too lengthy and it is too difficult to buy XRP for a new user. Therefor for faster exchange like to prefer you to use changelly. With in 5 minutes, you can buy XRP with few steps.
- Other sites like Kraken,bitso and coincheck also offer to buy XRP.
If you ask from where to buy, them I will recommend you to go with changelly.
Once you finalized with a way of getting XRP, In next step you have to store, As an online exchange is risky.
Where to store XRP?
As online exchange is an option for storing XRP. You can choose the best wallet according to your satisfaction for storing XRP.
One drawback of Ripple wallet is unlike Bitcoin wallet address, XRP is not free. You have to pay 20XRP for booking purpose.
Therefore like Bitcoin, you can not create multiple wallets address and use them according to need. Before choosing Ripple wallet, be satisfied with all review of wallet.
Therefore creating multiple wallets for storing XRP is not a good idea as you have to pay 20XRP for every wallet.
There are three platforms with the help of you can store XRP.
Top 6 wallet for XRP: Best Ripple wallet
Desktop wallet Is always preferable than any other platform. Rippex is free and open source wallet and code can be found on GitHub.
The best thing about rippex is, it support Windows/Mac/Linux. The user can sign up online and store XRP on the desktop wallet.
It gives complete control to XRP holders over their holding. powerful infrastructure for wallet component, Provides extra security.
Gatehub is the official wallet for XRP currency. Gatehub is a new website which offers XRP wallet but gatehub successful able to manage to attract some customers.
You can also trade with the same XRP which is quite interesting feature of gatehub. It is very easy to send XRP to anyone with name, wallet name and wallet address.
At the time of creating an account, gatehub give you one recovery password which is useful, when you forget a password. It is a recovery key of your password. You can write this on a piece of paper and store them.
all you have to do is create account, complete KYC and done.
All analytical data is compiled on a single page, removing the need for many menu sections. UI of gatehub is very user-friendly.
Coinpayment also available on the mobile. Unlike other wallets coinpayment support all cryptocurrency including upcoming altcoins.
Coinpayment use BitGo which give you extra security and instant making payment.
Like any domain name, coinpayment offer destination tag which is unique for every customer. You can customise this tag according to your need and availability.
Note: One investor claimed to lost $700,000 USD worth of Ripple.
You can read a complete review of coinpaymnet on Bitcoinexchange.
Tristan D’Agosta founded poloniex in January of 2014. After the complete verification, poloniex alow daily limit of 25,000 US dollar.
Other than XRP, poloniex support
The exchange was hacked in March 2014, after the 2 months of launch. Hackers stole 12.3 percent of Bitcoin, which is approximately 50,000 US dollar.
Poloniex is the fastest way to get XRP. Here is stamen of holding 20XRP from poloniex;
The first time you deposit to a Ripple deposit address, 20 XRP will be held there to reserve the address. This is because the Ripple network requires a minimum of 20 XRP to be in any active address. The money does not go to anyone, and the difference will be credited to your account if the minimum requirement is ever lowered. Once you have funded your deposit address with 20 XRP, you will be able to deposit any amount and receive your full deposit. Please note that if you generate a new deposit address, you will have to fund that one with 20 XRP as well.
when first time you deposit to a Ripple deposit address, 20 XRP will be held there to reserve the address. This is because the Ripple network requires a minimum of 20 XRP to be in any active address. The money does not go to anyone, and the difference will be credited to your account if the minimum requirement is ever lowered. Once you have funded your deposit address with 20 XRP, you will be able to deposit any amount and receive your full deposit.
Please note that if you generate a new deposit address, you will have to fund that one with 20 XRP as well.
Ledger is hardware wallet that recently start supporting XRP.
Other than XRP, ledger also support other cryptocurrencies like:
Dash, BTC, ETH/ETC, Stratis, Zcash, and now it supports XRP
Like pen drive, you can take ledger anywhere. You can also store this in any safe place.
I think this post will help you to resolve your all question regarding XRP.
In future, I will write a complete review on all wallets, till then subscribe coinraja.
Investing in XRP is great deal. Using offline wallet like hardware is always a great way of securing your cryptocurrency. For hardware wallet, you can always prefer ledger.
For online wallet, you can use official wallet of XRP that is gatehub. Coinpayment is also is a good option.
Let me hear in the comment section if you know any other Ripple wallet.
share this post with your family and friends and let them know about Ripple wallet.