Top 10 Best Ripple (XRP) Wallets in 2021

If you’re going to buy and store Ripple, it’s best to research the different wallet options available before making a decision. In 2021, there are more Ripple wallets than ever before! The trick is to go with a solution you know is safe, effective, and loaded with useful features that make your user experience a pleasant one. We’ve selected a number of wallets that we think fit the bill — let’s take a look!

What is the Best Ripple Wallet For Beginners?

Ripple is a popular coin, and you should choose a good wallet rated highly for security, functionality, and ease of use when storing it. We’ve made a complete guide of great XRP wallets for you to consider.

Related: Best Bitcoin Wallets

What is a Ripple Wallet?

A Ripple wallet is usually a piece of software that stores the data you need to access your Ripple (XRP) funds. This data consists of a private key, like a password, and a wallet address or public key, like an account number.

Why Invest in a Ripple Wallet?

Choosing a wallet isn’t just a formality. This is the method with which you’ll store your funds, and it’s the last line of defense against hackers or accidental loss. It’s important that you’re aware of the different options out there before placing Ripple in a wallet for safekeeping.

Best Ripple Wallets: What’s Your Choice?

You can choose from a wide range of hardware, web, mobile, or desktop wallets. Hardware wallets are typically a device like a USB device that plugs into a computer. Web wallets make funds accessible through any web browser, mobile wallets are phone apps, and desktop wallets are apps for a laptop or desktop computer.

Many cryptocurrency wallets offer support for more than one type of physical device or platform. Some wallets only store one currency, and have no added features, while others have a host of functions. It’s very important that you choose a wallet with strong security features like 2-factor authentication (which requires you to confirm all transactions through a code sent to your app, email address, or phone number) or multi-sig.

Our List of Wallets

Check out our comprehensive guide of wallets for 2021. Here are the best Ripple wallets detailing their features and advantages:

2 Ledger Nano X

Ledger’s Nano X is a hardware wallet that supports over 1,000 cryptocurrencies, including XRP.

  • Type of wallet: Hardware
  • Purchase cost: £109
  • Own exchange incorporated: No
  • Ease of Use: Advanced

Pros (What We Like)

The Ledger Nano X is security-focused, keeping funds offline in “cold storage.” This method makes it very difficult for hackers to remotely access funds. You can interface hardware wallets with your computer to start sending and receiving digital currency.

Cons (What We Don’t Like)

Hardware wallets relatively expensive, and the setup process is more complicated than with web or mobile wallets. Often, the process of transferring currencies takes more time than with online wallets, making hardware solutions unsuitable for quick trading.

3 Trezor Model T

Trezor is another hardware wallet that stores funds offline.

  • Type of wallet: Hardware
  • Purchase cost: £169
  • Own exchange incorporated: No
  • Ease of Use: Advanced

Pros (What We Like)

Storing funds offline keeps adds a layer of security between hackers and funds, reducing the security risk of holding funds. Unlike other offline wallets like paper wallets (cryptographic keys written on a piece of paper), online wallets connect funds directly to your computer device. Trezor also offers cheaper options similarly priced to the Nano X by Ledger.

Cons (What We Don’t Like)

If you lose or destroy the wallet, you’ll need to have your recovery phrase stored safely for the recovery option, otherwise all funds will be lost. You can’t use Trezor to spend crypto assets on most goods or services in the real world. It doesn’t necessarily have a simple interface compared to most “hot wallets” or online software wallets, and beginners may find navigating it to be a confusing process.

4 KeepKey

KeepKey is an offline hardware wallet for cryptocurrencies including Ripple.

  • Type of wallet: Hardware
  • Purchase cost: £35
  • Own exchange incorporated: No
  • Ease of use: Intermediate

Pros (What We Like)

KeepKey is currently the most affordable Ripple hardware wallet on the market. While there’s no built-in exchange, the wallet is partnered with the Shapeshift exchange and integrates with the platform easily, making trading relatively straightforward. Like most hardware devices, it’s a secure wallet.

Cons (What We Don’t Like)

KeepKey has fewer supported currencies than the thousands on offer by Ledge and Trezor, with under ten high-cap currencies and some ERC-20 tokens as well. Seeing as the wallet has no other features, such as a cryptocurrency wallet card or banking wallet services, this is a fairly limited option.

5 Edge Wallet

Edge is a multi-currency software wallet provider with several added features.

  • Type of wallet: Software
  • Purchase cost: Free
  • Own exchange incorporated: Yes
  • Ease of use: Easy

Pros (What We Like)

Edge has a built-in exchange allowing platform users to trade its eight supported currencies. Edge does not hold user keys, appealing to some users, and the app comes with FaceID and TouchID login with an intuitive interface.

Cons (What We Don’t Like)

Edge doesn’t offer any services beyond the scope of holding and trading a handful of currencies. Users can buy crypto, but they can’t actually spend it on most goods or services directly.

6 Exodus

Exodus is a versatile desktop cryptocurrency wallet and exchange platform for a range of cryptocurrencies.

  • Type of wallet: Desktop, mobile
  • Purchase cost: Free
  • Own exchange incorporated: Yes
  • Ease of use: Easy

Pros (What We Like)

Exodus allows users to create crypto wallets for many different cryptocurrencies, including Ripple. Users can also enjoy customer support and a built-in exchange for trading.

Cons (What We Don’t Like)

The exchange doesn’t support fiat currencies, making the option to trade limited to crypto only. The wallet is also lacking in security features like 2-factor authentication.

7 GateHub

GateHub is a web wallet built in 2014 to support XRP only before expanding to other coins.

  • Type of wallet: Mobile, web
  • Purchase cost: Free
  • Own exchange incorporated: Yes
  • Ease of use: Intermediate

Pros (What We Like)

GateHub’s built-in exchange supports fiat currencies as well as crypto, unlike most wallet exchanges. The wallet was originally built for XRP specifically but expanded to support 7 other cryptos.

Cons (What We Don’t Like)

In 2017, GateHub was hacked with 80 – 90 users affected. GateHub refused to refund users, stating that only personal accounts were affected and thus users were responsible for the losses.

8 Atomic Wallet

Atomic Wallet is a multi-currency wallet for desktop and mobile devices.

  • Type of wallet: Desktop wallet, mobile
  • Purchase cost: Free
  • Own exchange incorporated: Yes (atomic swaps)
  • Ease of use: Easy

Pros (What We Like)

Users can store hundreds of different digital assets and trade them using atomic swaps or on-chain swaps within the app.

Cons (What We Don’t Like)

The wallet doesn’t come with any additional services such as banking services, nor does it support fiat currencies, making its use limited to the crypto markets only. There’s no customer support or 2-factor authentication security.

9 Guarda

Guarda is a multi-currency wallet for Ripple and other currencies available on web, mobile, and desktop.

  • Type of wallet: Web, mobile, desktop
  • Purchase cost: Free
  • Own exchange incorporated: Yes
  • Ease of use: Easy

Pros (What We Like)

Guarda allows users to store funds on a variety of platforms. Unlike most non-custodial wallet types, Guarda offers customer support to its users, and the app supports Ripple among other currencies. There is an exchange allowing crypto trading.

Cons (What We Don’t Like)

The solution is still fairly basic, lacking in additional services such as fintech or banking products. There is no debit card, IBAN, or affiliate program. The exchange does not support fiat.

10 CoinPayments

CoinPayments is a wallet and payment provider that supports 1,900 altcoins and ERC20 tokens.

  • Type of wallet: Mobile, web
  • Purchase cost: Free
  • Own exchange incorporated: Yes

Pros (What We Like)

CoinPayments supports a huge variety of tokens with 1,900 and counting to choose from. The company also creates widgets to integrate crypto payments for certain online merchants, a major plus for those wishing to spend their crypto as real money.

Cons (What We Don’t Like)

While CoinPayments allows certain merchants to accept crypto, the onus is on the merchant rather than the customer. It’s not possible to spend crypto at any store or on any product that you choose with this option. CoinPayments doesn’t offer other banking features like a debit card, and it suffered a major security breach in 2017.

Ripple Wallet FAQs

We’ve created a shortlist of the most commonly-asked questions about Ripple wallets.

Is there a Ripple web wallet?

There is no official Ripple web wallet, but many of the options listed above are web wallets compatible with Ripple.

Does Ripple have a wallet?

Ripple is a real-time financial settlement system aimed at facilitating major currency transactions. The company, Ripple Labs Inc., has several in-house wallets for its own funds. You can store your XRP funds on any of the wallets mentioned above.

Have Ripple wallets been hacked in the past?

Yes. To avoid security breaches, it’s imperative that you choose wallets with security features like 2FA, which blocks your transactions until you confirm them with a code sent to your authenticator app, email, or mobile phone via SMS.

What kind of Ripple wallets are there?

Ripple can be stored on “hot wallets,” meaning online solutions such as web, desktop and mobile wallets. It can also be stored on “cold wallets,” such as hardware and paper wallets that store funds offline.

All types of wallets are simply a way of accessing the data required to transfer your XRP funds on the Ripple blockchain.

Don’t forget to check out our reviews for the best Bitcoin, Ethereum, Litecoin, and Tether wallets of 2021 as well!

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