UPDATE: Ripple, the currency, is now known as XRP. The ticker remains the same (XRP). For more on this rebrand, see our post on the new XRP logo.
What Wallets to Use with XRP?
Before we launch straight into wallets, I will briefly cover what XRP is. If you're already familiar with XRP, skip straight to the wallet section.
What is XRP?
XRP is a fast and highly scalable digital asset, which enables payments anywhere in the world in real-time. XRP was built for enterprise use and gives banks and payment clearing providers on-demand and reliable options to source liquidity for global payments. XRP payments are extremely fast and settle in just 4 seconds. The network consistently handles 1,000 transactions per second and can be scaled to handle 50,000 tx/sec; twice that of Visa.
XRP wallets are hard to come by but we have selected our favourite software and hardware options below:
Toast Wallet is a simple, easy to use wallet for iOS, Android, Mac OS, Windows, Linux, and Chrome Browser extension. To activate your wallet on the Ripple network, you will need to send 20 XRP to it. In other words, your first deposit into the wallet will need to be over 20 XRP. If you want to send all your XRP to another wallet the total will send minus the 20 XRP. Another great thing about Toast Wallet is that it’s developed by New Zealand based StarStone Ltd. For more information on the Toast Wallet, there are detailed faqs via their site.
Ledger Nano S & X
Ledger provides one of the only hardware wallets compatible with XRP. It is simply a USB device that holds your private keys, adding an additional layer of security and convenience. It is compatible with a wide range of other coins. If interested, you can order directly from the manufacturer here for $129-230, depending on the model. Inside the box, you will get the USB device, a USB cable, instructions, and a recovery card where you will write down your recovery seed (extremely important).
If you have any questions about XRP or wallets, please feel free to get in touch. We offer free email/chat support in case you get stuck from 9 am - 10 pm, 7 days. You can find all our contact details here.
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Last updated: 13/09/2018