by Ripple (XRP) is currently the second-highest cryptocurrency in the market by market cap.
In the past month, the price has gone up by +977% & people who have invested in XRP are making a great profit.
If you are planning to buy Ripple (XRP), you may have a couple of questions:
- Where should you store XRP?
- What wallet supports XRP?
- How to buy XRP?
Read the new article: Best Websites to buy XRP (Ripple)
Here are the exchanges from which you can get Ripple :
- Binance (They are offering limited registrations, so if you able to register then it’s your lucky day)
- CEX: If you want to buy XRP directly using your credit/debit card, this is the best solution as of now.
- Changelly: The fastest way for you to convert BTC or ETH or other cryptos to XRP. Something everyone is loving.
Update: I have updated the list of XRP wallets and removed a few wallets like Gatehub and one more as a lot of users have complained about losing their funds. At this moment (June 2020), below listed wallets are best we got to store XRP. I use the first one.
In this guide, I will help you understand everything you need to start holding XRP.
I have also shared some of the best XRP wallets in the market that are safe, secure, and trusted by other cryptocurrency enthusiasts like you.
Let’s start with where can you get XRP…
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Where can you buy XRP?
There are many places from where you can get XRP.
The best way is to buy Bitcoin & exchange them for Ripple.
- Changelly is a popular website to exchange BTC (or other cryptocurrencies) for XRP. Personally, I’m a big fan of Changelly.
- Another method is to use an exchange like Binance & buy XRP using Bitcoin or USD.
Once you have finalized the way you want to get XRP, the next thing to figure out is where to store them.
Here are exchanges from where you can get XRP:
XRP Wallets: Best Wallet For Ripple Cryptocurrency
Before I share about top wallets for XRP, you need to know one important thing:
Unlike Bitcoin wallets which are free, Ripple wallets require you to have 20XRP to book your wallet address.
So if you add 1000 XRP to your Ripple wallet, 20XRP will be used to book the wallet address. This is one reason you don’t want to use multiple wallets for XRP (unless required).
Pick the right wallet from day one so that you don’t end up losing 20XRP on various wallet addresses.
Do remember, there are various kinds of cryptocurrency wallets & you can Best Bitcoin Wallets.
Ledger Nano S is a hardware wallet that has recently added support for XRP.
Being a hardware wallet, it is one of the best ways to store your cryptocurrency as it offers great security, ease of use, and you can carry it with you anywhere.
I recommend Ledger Nano S as it supports many popular cryptocurrencies including:
Dash, BTC, ETH/ETC, Stratis, Zcash, and now it supports XRP.
You should order it from the official site here & it will take 4-7 days to have it delivered to your doorstep. Here is a video demo of Ledger Ripple wallet:
Toast Wallet is a free open-source XRP wallet which anyone can use.
The creators of this wallet say “simple enough for your grandma but safe enough for a Swiss banker”.
The good thing about this wallet is that it is a non-hosted wallet where you are always in control of your private keys.
As of now, Toast wallet is available on Android, iOS, Windows & Mac.
Guarda is a popular non-hosted Ripple wallet that you can use. The wallet has been around for a while and you can download it for all major platform including Windows, Linux, and Mac.
It is a lightweight and secure wallet where you control the key. Getting started is easy and you are the complete owner of the wallet.
Exarpy
Exarpy is another non-hosted Ripple wallet that is accessible from any web browser.
Using this wallet you can store/receive/send any amount of Ripple without any third-party involvement.
But this wallet is paid wallet and charges 0.025 XRP per transaction and this includes the Ripple network’s fee too.
Gate.io is not a typical XRP wallet but it’s a full-fledged exchange. They offer a mobile app that makes it easier for us to send/receive and also trade XRP coins from the mobile phone. They are one of the few high-quality exchanges that are currently accepting new registrations.
Binance is a fast-growing exchange that started in the mid of the 2017 year and is rapidly adopting many new cryptocurrencies for its users. If you want to get XRP right now, you can use Binance to get an XRP wallet.
However, you should not store your XRP for more than 1-2 days on an exchange (any exchange) as exchanges can shut down or go into issues at any time and put you at risk of losing your stored coins.
When I needed to get ahold of XRP urgently, I used Binance to convert my bitcoins into XRP & stored them in my Binance wallet.
Another good thing while buying and storing your XRP from Binance is that you can claim your 50% discount on the trading fee when you exchange BTC or ETH to XRP.
You can, later on, transfer these XRP to the Ledger Nano S (or any other hardware wallet that supports XRP).
With time, I expect more popular wallets to integrate XRP & make it easier for us to store Ripple.
However, for now, these are the top Ripple wallets that you can start using right away.
If you are someone who is investing in cryptocurrencies, I would recommend you to just order Ledger Nano S hardware wallet which ensures that you remain in total control of all of your coins.
Note: Binance & Gate both are exchanges that buy/sell XRP and have their inbuilt exchange wallet too. We don’t recommend you to hold your XRP in these inbuilt wallets for more than 1-2 days assuming you are lucky enough on those days. So use these exchanges as wallets for a long term at your own risk. Also, Toast Wallet and Exarpy wallets for Ripple are suggested by our community members and we have not used both of them yet but they look legit enough after a litmus test.
Have a question about storing XRP? Let me know in the comments section below. Also, what’s your prediction for Ripple in the coming days?
Like this post? Don’t forget to share it!
Here are a few hand-picked articles for you to read next:
- The 3 Best Hardware Wallets For Bitcoin of 2023 ( + Altcoins Supported)
- Best Bitcoin Cash Wallets (BCH)
Thanks for the feedback… I will continue my search for a secure Ripple wallet.
Excellent information for the Crypto currency beginner.Thank you very much for the knowledge and advice, exciting times ahead!!
Hi there! So I recently purchased XRP off of Bitstamp. I did not get a wallet because I didn’t know. That being said, is it still possible to buy a wallet and transfer my XRP to it? If so, which wallet etc.? Thank you so much!
Use any wallet you are comfortable with from the above list.
Thanks. Do you recommend this desktop XRP wallet:
https://rippex.net/carteira-ripple.php#/
Honestly never heard of it and never tested it might be someone from our audience might be able to help you.
OK, do you know if
https://rippex.net is a trusted site
Can you store cryptocurrencies you bought on the coinbase app on the ledger nano hardware?
@TW MCl
Yes, you can.
Thanks!
Thanks!
Hi I live in canada . And I’m just starting in cryptocurrencies .
juste wanted to know which site would be the best and also the easiest to buy bitcoins or any other crypto for that matter.
thank you
CEX.io
Kraken
Local Bitcoins
should be good for you for buying BTC. Check them out once.
Regarding other altcoins, you can refer this write-up-https://coinsutra.com/best-cryptocurrency-exchanges/
Before sending any XRP Binance is asking for a tag. I am sending to rhe Meager nano s. I dont have a tag or do I?
not sure what are you asking? Did you check with Binance?
I wanna buy ripple from bitstamp, yet waiting for my account verification by bitstamp since four days. Any bitstamp user can tell me, how long bitstamp takes time to verify an account? (provided them all the necessary information)
They don’t take much time but due to huge surge, all infrastructure around the world is under pressure.
I have Coinbase already, and am planning to either get Bitcoin or Ether to exhange for XRP off either Gatehub, Binance, Bittrex, Bitstamp, or Kraken… what do you think is the best exhange site?
Also, I would like to send it from one of those sites to a cold storage (paper wallet). If I set it up and get the two keys, how do I withdraw the XRP from the paper wallet back to whichever exchange site I use to then sell back into USD ?
Binance & Bittrex are good.
You need to sweep your private keys of xrp in a supporting wallet & then send it to exchange.No direct way as of now…
At changelly, BTC can’t be converted to XRP, there is no option for XRP
I believe they have removed it now!! or might be there XRP service is down at the moment.
Hi, Nice article. Is the 20 ripple a reservation for the adress or a fee?
So; Do you actually lose it?
Thanx, mates!
It is a one time fee to use that particular address. So unless you required multiple addresses don’t use it!
So if you store XRP at the exchange(where you bought them), you don’t have to pay the 20 xrp fee, correct?
The exchange will take that..
I’m wondering is it safe to store ripple on Binance?
We don’t recommend that. We store it in Ledger Nano S.
Hi, If I buy xrp from Kraken and store it in my ledger nano S and then decide to send it to another exchange like Bittrex to sell, will I get charged another 20 ripple sending it into Bittrex besides the 20 already being reserved for the ledger nano wallet? Thanks
Yes that is charged per new address you use, I believe.
So you mean for example I buy Ripple and open a Toast Wallet and I get charged 20 Ripple, then I buy a ledger nana 2 and send my Ripple to it and get charged another 20 Ripple and when I send it to Bittrex to sell I will get charged another 20 Ripple ?
first time i use toast wallet app. is it safe? please guide
Not recommended because not reviewed it yet!
Hi, thanks for your information. I’m wondering if it’s possible to use Electrum to store XRP? I recently bought some on Kraken and am planning to transfer into Electrum…
Can we store bitcoin, litecoin also on Ledger Nano?
@Karan
Yes, you can.
Great piece. However, having issues getting XRP on your favourite changelly. I want to exchange btc for XRP, shapeshift has failed twice. What do you suggest? Thank you.
@Presh
Then use an exchange like Binance.
what are your views on buying ripple from koinex.in ?
@Udai
Well, you can as it’s a decent platform for Indian Citizens. However, the platform lacks good support which is troubling for many.
I need to know HOW to set up my recipients XRP address on my laptop to bitcoin exchange to ripple.
Thx.
Jed
Not enough clear question..please come again! or post it on our forum-https://ask.coinsutra.com/
nice article, also thanks to saying that ripple wallets need 20 of it to book. good work
Hi I an Indian citizen and currently work in Saudi Arabia . And I’m just starting in cryptocurrencies .
I have bank account in Saudi and India. Should I have Saudi bank account or Indian bank account to buy and sell XRP? what is better? Can I purchase from one account and sell get money in different account? How much time takes to receive sell money in account?
I mean:
Should I use Saudi bank account or Indian bank account to buy and sell XRP? what is better? Can I purchase from one account and sell get money in different account? How much time takes to receive sell money in account?
Yes you may do so but at your own risk. XRP transactions are nearly instant but you may need to consider standard banking times that traditional banks take.
Indian services are taking 24-72 hours for depositing and withdrawing INR because of surge in demand.
Hi, I see that people have had lots of struggles with CoinPayment in terms of loosing coins. I have my coins locked in their vault at the moment with a 1 hour waiting time after I unlock if I want to do something with them.
I realize that cold storage is best but I am very worried about loosing that info on the cold storage.
what are you thoughts as coin payment if we do not want o use cold storage?
thanks! David
Thank you
I have an important question: I used a ripple address from http://ripplepaperwallet.com
to buy ripple. now I can’t find a wallet to see my deposit!
I need serious help.
you need to create an account on gatehub first, then try this:
https://support.gatehub.net/hc/en-us/articles/115003257605-Import-Ripple-wallet
good luck getting your fund back!
go to this link and enter your wallet address key (not the secret key)
https://xrpcharts.ripple.com/#/graph
It will then show how many XRP you have in that particular wallet.
When you want to sell you will need to use Gatehub I think.
If I set up a Kraken account can I then transfer what ever I have purchased on Coinbase and then onto a nano?
Yes you can do so!
Thank you!
thank you for the article . very informative and well written.
Finally, I have to Choose The Coinpayments wallet for my ripple Coins Thank you harsh for sharing These Best wallets.
@Zafar
If you are holding good amount in XRP, you should plan to get a Ledger Nano S and shift coins there.
can i able to transfer my rest of 20xrp in ledger nano s.
I have recently purchased XRP throught btcxindia.
Is there a way to transfer these XRP to a different exchange, where the XRP could be traded for different Cryptos, they (btcxindia) don’t seam to have that option to export XRP from their platform and thier customer care experience is pretty daunting .
Also, where can I exchange XRP to buy stellar lumens in India?
@Lancy
You can do that on any of these two global exchanges (My preference is the first one)
Binance (Offers mobile app)
Bittrex (Way better interface than Poloniex)
Very Informative Article sir Thanks