building the MetaFi ecosystem to bridge the gap between CeFi and DeFi
building the MetaFi ecosystem to bridge the gap between CeFi and DeFi
18 February 2020, 20:02
2 min reading
Whether you’re giving your first steps in the cryptocurrency world or you’re an experienced holder, Ripple is likely to be on your radar. In this article, we tell you what are the best ripple wallets in 2020 and what things you should consider before making a decision. First off, it’s important to level the ground
Whether you’re giving your first steps in the cryptocurrency world or you’re an experienced holder, Ripple is likely to be on your radar. In this article, we tell you what are the best ripple wallets in 2020 and what things you should consider before making a decision.
First off, it’s important to level the ground with some basic information. Ripple is a payment network developed by Ripple Labs Inc. This network uses its own native cryptocurrency — XRP — to send and receive value across the globe at lighting speed and affordable costs.
Now that we’ve made sure you understand exactly what XRP is, it’s time we get to the list of the best Ripple wallets in 2020. For your convenience, we’ve selected the best XRP wallet in each of the following categories, helping you make a better decision even faster.
Ledger is a company focused on developing state-of-the-art cryptocurrency hardware wallets. The company’s leading product is Ledger Nano S — a powerful yet affordable hardware wallet. Since all funds and keys are stored offline, both the Nano S and Nano X are great options. But when it comes to user experience, the latter is one step ahead.
Ledger Nano X leverages Bluetooth® technology so that users can rapidly connect with the Ledger Live mobile application. This small device allows you to manage 23 cryptocurrencies, including ERC20 tokens. Ledger Nano X is also compatible with 50+ wallets.
This hardware wallet looks pretty much like a regular USB device. In order to access your XRP, you’ll need to plug it into your desktop, or access the Ledge Live mobile app through Bluetooth. This Ripple hardware wallet offers remarkable security features. The wallet is protected with PIN code access, 2-factor authentication, and it has several recovery features.
Crypterium is an all-in-one mobile-first cryptocurrency wallet. The mobile application is available for iOS and Android devices and it currently serves over 500,000 clients worldwide.
One of the key advantages of this wallet is that it lets you do so much more than just storing XRP. With the Crypterium Wallet, you can buy, exchange, cash out to bank cards or bank accounts, earn interest, and spend digital currencies with a virtual and physical card.
Another distinctive characteristic is that Crypterium works in more than 180 countries, making it one of the most extensive services in the cryptocurrency market.
The Crypterium Wallet is free, meaning there’s no maintenance fee whatsoever for storing your XRP. Apart from Ripple, Crypterium users get access to other popular cryptocurrencies, such as Bitcoin, Ethereum, Bitcoin Cash, USD Coin and Crypterium’s own token CRPT.
If you need a Ripple wallet that also supports a wide range of cryptocurrencies, then FreeWallet is your best choice. In a similar fashion to Crypterium, FreeWallet offers a mobile version available on iOS and Android devices, as well as an online wallet version.
Compared to Crypterium, the number of features available on the FreeWallet is considerably limited. Users of this wallet can only store, exchange, send, receive and buy cryptocurrencies through a third-party service (Simplex) integrated to the wallet.
The key differentiator of FreeWallet is versatility. This cryptocurrency wallet supports more than 120 cryptocurrencies, including Dogecoin, Monero, ZCash, Binance Coin, and many others. For XRP holders, it offers a perfect setup to diversify their portfolios.
With 3.5 billion smartphone users worldwide, it’s hard to think someone will prioritize the use of a desktop wallet. Yet, many professionals opt for desktop-based solutions to avoid switching devices during office hours or simply as a way to prevent distractions.
Atomic Wallet is a desktop cryptocurrency wallet that supports 300+ cryptocurrencies, including XRP. It’s available for Windows, Mac and Linux operating systems.
This wallet lets you store Ripple, send, receive and exchange cryptocurrencies with a built-in solution by Changelly. The same service enables you to buy cryptocurrency with a bank card.
Additionally, Atomic Wallet allows its users to earn rewards for validating transactions and setting nodes on the Tezos, Cosmos, NEO, Vechain and Tron blockchains.
Exarpy is a cryptocurrency wallet mainly focused on browser usage. This wallet provides a lean design with essential features such as store, receive and send.
Exarpy is a great choice for Ripple maximalist because it only supports XRP coins. This platform allows you to interact with the RippleNet for a flat service fee of 0.025 XRP per transaction.
If you’re going all-in with Ripple and don’t mind paying the aforementioned commission, Exarpy might be a perfect fit for you: easy to use, clear, reliable. The customer service has also proven very responsible and helpful.
The main downside of this Ripple web wallet is that it’s only available on your browser, which strongly limits accessibility on the go.
If you’re looking for a ‘pretty’ wallet, then Toast Wallet isn’t really your thing. But wait a minute… This open-source XRP wallet focuses on providing a seamless experience so that your grandparents can use it without encountering any troubles.
This is a non-hosted wallet, meaning you have full control over your private keys. From one side, that might seem like a lot of freedom. From another side, you’ll need to be extra careful on how you manage your own security.
The Toast Wallet is compatible with iOS, Mac, Android, Linux and Windows. The fact that it offers PIN code security and includes backup features is definitely a plus.
For some people there’s nothing like the good old paper. And while this particular format isn’t one we would recommend, it still offers a huge benefit: paper wallets are unhackable.
If you want to create a paper wallet, we believe Bithomp offers the simplest approach to it. Click on ‘Generate’ and print it out. You’ll get both your private and public keys. Just make sure to store that paper in a safe place away from fire and water.
Ripple is an affordable, yet reliable cryptocurrency to transfer value around the world. According to Ripple price predictions 2020, XRP is likely to grow considerably over the next few months.
Choosing the best Ripple wallet for you will largely depend on your lifestyle and personal preferences. In the list above, we’ve covered some of the most popular alternatives for each category. If you have additional suggestions, feel free to reach us at firstname.lastname@example.org