When it comes to securely storing and managing your XRP, choosing the right wallet is crucial. With so many options available—ranging from mobile and desktop applications to hardware and web-based platforms—it’s important to understand the features, security levels, and usability each offers. This guide breaks down the top Ripple wallets, compares their functionalities, and helps you make an informed decision based on your needs.
Top Ripple Wallets: A Comparative Overview
Below is a curated list of what are widely considered the best wallets for storing XRP. These wallets vary in type, compatibility, supported assets, and security features. Whether you're a long-term holder or an active trader, there's a solution tailored to your lifestyle.
Desktop Wallets
Toast Wallet
Available on Windows, Linux, Mac, iOS, and Android, Toast Wallet is a lightweight, open-source desktop and mobile option built specifically for XRP. It supports HD (Hierarchical Deterministic) key generation, enabling secure backup and recovery via a seed phrase. Additional features include offline transaction signing and integration with decentralized exchanges (DEX), allowing direct trading within the app.
Rippled
Designed for advanced users, Rippled is the official reference implementation of the XRP Ledger. It runs as a validating node, offering full control over network participation. While it only supports XRP, its support for multisignature transactions and built-in DEX makes it ideal for developers and institutions requiring high customization and security.
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Hardware Wallets
Ledger Nano S
One of the most trusted names in crypto security, the Ledger Nano S supports over 80 cryptocurrencies and 1,100+ tokens—including XRP. As a hardware wallet, it stores private keys offline, protecting them from online threats. Its open-source firmware and HD wallet capabilities ensure transparency and long-term usability.
While not all hardware wallets support XRP natively, Ledger’s integration with the XRP Ledger via compatible apps makes it a top choice for cold storage enthusiasts.
Mobile Wallets
Edge Wallet
Available on both iOS and Android, Edge supports over 20 cryptocurrencies and 1,000+ tokens. It combines user-friendliness with robust security features like two-factor authentication (2FA), biometric login (fingerprint or face recognition), and HD wallet architecture. Edge also includes a built-in exchange and marketplace, allowing seamless swaps between assets without leaving the app.
A minor drawback: Edge requires a 20 XRP reserve to activate an account—standard across most XRP wallets due to network rules.
Web Wallets
Exarpy
Exarpy is a browser-based wallet compatible with Chrome, Firefox, Safari, Opera, and Internet Explorer. It supports only XRP but offers HD wallet functionality for enhanced security. Being a web wallet, it provides quick access but should be used cautiously—preferably for smaller holdings—due to inherent risks associated with browser vulnerabilities.
Comprehensive List of XRP-Supported Wallets
If the above options don’t meet your criteria, here’s a broader overview of wallets that support XRP:
- Abra: Mobile-only, supports fiat on-ramps and built-in exchange.
- Atomic Wallet: Offers atomic swaps and multi-coin support with HD security.
- BitGo: Web-based institutional-grade wallet with multisig and HD features.
- Coinbase: Popular mobile and web platform with strong security (2FA, biometrics) and fiat integration.
- CoinPayments: Supports PayByName addressing and multisig; ideal for merchants.
- CoolWallet S: Bluetooth-enabled hardware wallet with offline storage and 2FA.
- Crypto Key Stack: Fireproof, waterproof hardware solution designed for extreme durability.
- CoinSpace: Web wallet with location-based transaction features and built-in exchange.
Each of these varies in security, cost, and operational requirements. For example:
- Most wallets require a 20 XRP reserve to create an address (non-refundable but remains in your account).
- Only a few function as SPV (Simplified Payment Verification) clients; most rely on centralized servers for validation.
- Hardware solutions offer the highest level of cold storage protection.
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Key Features Shared by Ripple Wallets
Despite differences in design and functionality, most XRP-compatible wallets share several core characteristics:
Security & Privacy
Given the irreversible nature of blockchain transactions, security is paramount. Common protective measures include:
- Two-Factor Authentication (2FA): Adds an extra verification step (e.g., SMS code or authenticator app). Found in Edge and Ledger.
- Multisignature Support: Requires multiple approvals before a transaction clears—ideal for joint accounts or corporate use. BitGo and Rippled offer this.
- Hierarchical Deterministic (HD) Architecture: Generates new key pairs for each transaction while allowing full recovery via a single seed phrase. Toast Wallet and CoolWallet S use HD systems.
Transaction Management
Unlike some blockchains, XRP transaction fees cannot be manually adjusted. Fees are dynamically calculated based on network congestion through the Ripple Consensus Algorithm. However, every XRP wallet must comply with the 20 XRP reserve requirement—a one-time hold placed by the network to prevent spam.
This amount is not a fee paid to the wallet provider but rather locked in your account. Additional reserves may apply if you hold trust lines or issue custom tokens.
Frequently Asked Questions (FAQ)
How do I deposit funds into my XRP wallet?
To activate an XRP wallet, most services require a minimum deposit of 20 XRP. This reserve is held in your account permanently and ensures network stability.
How do I create an XRP wallet?
Choose a trusted platform (like Toast Wallet or Ledger), download the app or device software, set a strong password, and back up your seed phrase. Then follow the prompts to generate your unique XRP address.
Can I delete or remove an XRP wallet?
Yes—within platforms like GateHub or Coinbase, go to your wallet settings, select “Advanced,” then choose “Delete.” Ensure all funds are moved before removal.
What is a destination tag in XRP transactions?
A destination tag identifies the recipient when sending XRP to exchanges or shared wallets. Always confirm this number with the receiving party to avoid lost funds.
Why can’t I withdraw the 20 XRP reserve?
The 20 XRP is a network-mandated reserve, not a service fee. It stays in your wallet to maintain your presence on the XRP Ledger.
Are web wallets safe for storing XRP?
Web wallets offer convenience but are more vulnerable than hardware or desktop options. Use them only for small amounts or short-term access.
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Understanding Ripple and Its Ecosystem
Ripple isn’t just a cryptocurrency—it’s a financial technology company building solutions for global payments. The XRP Ledger enables fast, low-cost cross-border transactions, making it attractive to banks and financial institutions. Over 200 organizations worldwide use Ripple’s technology to improve liquidity and settlement times.
Each transaction on the network burns a small fraction of XRP as a fee, gradually reducing the total supply—a deflationary mechanism that may influence long-term value. Beyond finance, Ripple supports tech innovation through initiatives like Ripple Works, DonorsChoose.org, and university blockchain research programs.
By understanding the types of wallets available, their security models, and how the XRP network operates, you can confidently choose the best storage solution for your needs. Whether you prioritize mobility, maximum security, or multi-asset support, there's a Ripple wallet designed for you.