Best Ripple XRP Wallet

Best Ripple Wallet

In this guide, we present the top 3 ways to create Ripple XRP wallet and use it to receive and send crypto. As top secure your XRP coins, we propose these wallets based on their intended use. Wallets included here are:

  • Gatehub XRP wallet
  • Exchange XRP wallet
  • Desktop/Hardware XRP wallet

Each of these has its own pros and cons, in terms of asset security, ease of use, and price tags.

Ripple XRP Wallet Specifics

There are few Ripple XRP wallet specifics to understand before you decide to purchase your first coins. Ripple does not enjoy nearly as much support as Bitcoin does. However, it grew in popularity over time, mostly through increased number of exchanges that accepted it.

Compared to other cryptos, Ripple’s network is centralized, as developers hold the supply reigns. Thus, you do not have mining but neither do you have any sort of requirements to purchase the crypto. On the side of XRP transfers, here are few wallet specifics to look at:

  • Standard fee of 0.00001 XRP
  • Transaction confirmations take about 5 seconds

Gatehub Ripple XRP Wallet

Gatehub Ripple XRP wallet is primarily an online payment getaway and storage. One can store and use the platform to pay or goods and services online. With offices located in the UK and Slovenia, Gatehub operates as European e-payment and wallet system.

However, Gatehub concentrates mostly on XRP, above fiat and other cryptocurrencies. The platform dubs itself as an institutions’ XRP payment getaway. Thus, users can get XRP by exchanging these currencies:

  • EUR
  • USD
  • BTC
  • ETH

As to accommodate AML/KYC policies, Gatehub implements ID verification, even for crypto-only accounts. Converting fiats to XRP and vice versa carry a 0.2% cost. It is also worthy to note that Gatehub accepts bank transfers only, including SEPA (for EUR) and wire (for USD) deposits.


– Accommodates both fiat and crypto exchange for XRP

– One of the largest XRP wallet providers in the market


– Only bank transfers are available for fiat deposits

– Identity verification is a must-do

Exchange Ripple XRP Wallets

Whereas Gatehub is essentially an e-payment system, online exchanges are a bit different XRP storage service providers. At exchange platforms, you can engage in exchange and trading (if available). They are easy to use but often lack serious security features. Here, we cover most popular Ripple XRP wallets, including:

  • Bitfinex
  • Poloniex
  • Bitstamp
  • Bittrex
  • Kraken
  • io

Bitfinex Ripple XRP Wallet

Bitfinex Ripple XRP wallet has numerous benefits for users to take advantage off. Firstly, it is one of the largest BTC trading centers, offering wallet services for over 30 fiat and cryptocurrencies. Additionally, it has both exchange and margin trade markets for XRP, both of which have favorable fee policies.

However, it is important to know that the platform experienced a hacking incident back in 2016. At the time, the company lost $60 million worth of bitcoins, causing a ripple effect across the crypto market. Now, Bitfinex is hell-bent on never having its security breached like before. Users now have numerous security measures that they can implement. At the same time, Bitfinex itself employs encryption and server safety measure that would counter cyber-attacks.


– Enhanced security following the hack attack

– Numerous trading pairs and currencies to exchange with XRP


– Deposits of less than $1,000 in value carry 0.1 XRP fee

– Identity verification is a must

Poloniex Ripple XRP Wallet

Poloniex Ripple XRP wallet is a quite interesting platform to put your coins in. Found in 2014 by Tristan D’Agosta, the company deals with crypto-to-crypto only transactions. In there, most of new cryptocurrencies would try their luck with the market. Traders from around the globe (US citizens now are limited in number of supported States) can purchase XRP using other cryptos.

You do not need any sort of verification to purchase, trade, and exchange XRP at this site. Additionally, apart from network fees, there are no additional costs regarding XRP deposits and withdrawals.


– Completely anonymous platform

– no transaction fees for XRP deposits/withdrawals


– US traders severely limited as few States are supported

Bitstamp Ripple XRP Wallet

Based in Slovenia, Bitstamp Ripple XRP wallet offers an easy way to gain and liquidate your cryptos. The platform accepts both wire and credit card purchases, rarely seen in other exchanges. Moreover, transaction fees are minimal, with deposits being completely free while withdrawals having a price tag of 0.02 XRP.

We do need to mention that Bitstamp was hacked in the past, resulting in a $5 million loss in crypto assets back in 2015. Since then, company did take measures to enhance its security.


– No fees connected with XRP deposits and withdrawals

– Credit cards allow instant XRP purchase


– Identity check at the account registration phase

Kraken Ripple XRP Wallet

If you are into exchange and trading with EUR fiat currency, Kraken Ripple XRP wallet would be a good place to start. The European exchange offers a plethora of cryptos, all swappable with Ripple XRP. Moreover, the coin has 5 trade pairs, including 4 fiats (EUR, USD, CAD, and JPY).

For beginners that do not have large investment funds, Kraken offers unverified accounts that have low purchase limits. For a bit more serious trading, ID verification is a must.


– No deposit or withdrawal fees for XRP

– Possibility to purchase and sash Ripple XRP without ID verification


– Verification can take a long time to finalize Ripple XRP Wallet

If you wish to purchase cryptos through credit cards, Ripple XRP wallet should be within your radar. The exchange offers bank accounts and cards as well as deposit and withdrawal methods. Thus, it is possible to get Ripple and sell it instantly. However, you should also account for verification requirements that demand scanned ID from clients.

There are no fees for Ripple XRP transfers. Credit cards, on the other hand, carry a 2.99% cost. Lastly, although XRP is not part of the margin trading market, traders have four (EUR, USD, BTC, and GBP) XRP pairings at their disposal.


– Ability to get XRP instantly through credit card

– Exchange and trade with fiats possible


– Identity verification a must-do

Hardware and Desktop Ripple XRP Wallets

In terms of security, hardware and desktop Ripple XRP wallets reign supreme. Armed with the latest security features, hackers would find it quite hard to break through your defenses. However, they are not exactly easy to install and use, especially desktop Ripple wallets. Hardware devices might be a bit easier for beginners but do come with a price tag.

TREZOR Ripple XRP Wallet

TREZOR Ripple XRP wallet is a new service coming from the device manufacturer. Namely, you can store your XRP in a TREZOR Model T while the software involved is Trezor Beta Wallet. It is still going testing procedure for many cryptocurrencies, Ripple included. However, it already operates under full safety protocols, much like its parent version, TREZOR. You have PIN, recovery code, private keys, and physical button used for transaction confirmations.

The purchase price for the Trezor Model T is around $165 at the time of this writing, shipped anywhere in the world. It is advisable to purchase the wallet directly from the TREZOR.


– High-end security features and functions

– Ability to exchange other cryptos with XRP


– Not free like exchange or desktop wallets

Ledger Nano X Ripple XRP Wallet

The main difference between Ledger Nano X Ripple XRP wallet and TREZOR is basically in the software. Ledger works as a USB while TREZOR is a mini-computer, which can be switched off just like PC. Ledger, on the other hand, can be plugged in your computer or laptop.

On the side of security, most functions are the same, including private keys., The price tag is $69 for Ledger Nano S and can be shipped anywhere in the world.


– Very easy to use and install

– Top-notch security features

– Cheaper variant of hardware Ripple XRP wallets


– Still more expensive than free XRP wallets at exchanges

Toast Desktop Ripple XRP Wallet

Toast Desktop Ripple XRP wallet is open-source software that anyone can download and immediately use. It is free and holds most of the necessary features that cold storage wallets have, including passphrase, PIN, private keys, and other functions. Toast is downloadable on Microsoft, Mac, and Linux systems and there are app versions as well (Android and iOS).


– Free to install and use

– Available for mobile devices as well


– Backup and security functions might be a bit confusing for beginners

Which Ripple XRP Wallet to Use?

Taking into account all possible factors, which Ripple XRP wallet to use? Each of these wallets has its own set of advantages and disadvantages. Thus, depending on the situation, each wallet type is useful.

Trading and quick currency swaps – exchange Ripple XRP wallet is the best

  • Cold storage and HODLing – hardware and desktop Ripple XRP wallets are suitable
  • Large trade & OTC – hardware and desktop Ripple XRP wallets are suitable
  • Transfer between wallets and short-term HODL – Gatehub Ripple XRP wallet
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