Ripple (XRP) is currently a virtual currency, the largest cryptocurrency on the market today. However, with the rapid growth and increasing value, the storage of Ripple is an issue we need to take care of. There are quite a few Ripple wallets out there right now and it makes you wonder which wallet is the best. The need to have a safe, secure Ripple wallet for storage is essential. Bitcoin Vietnam News will summarize the best Ripple (XRP) wallets in 2019. You can rest assured about the credibility of this article.
1. Matters needing attention when investing in Ripple
The first thing to consider is where should we store Ripple? Next we have to know which wallets support XRP. Only later interested in the issue of how to buy Ripple cryptocurrency? and where should we buy Ripple (XRP). There are many exchanges where you can get XRP. The best way is to buy Bitcoins and exchange them for Ripple.
Changelly & Shapeshift – two popular websites to exchange BTC (or other cryptocurrencies) for XRP. Another method is to use an exchange like Poloniex and buy XRP with Bitcoin or USD. You can also buy XRP from Bitstamp. Other exchanges that support buying Ripple are Binance, Huobi, Poloniex, Bittrex.
Once you’ve chosen the exchange you want to receive your XRP on, the next thing to figure out is where to store them.
2. Best Ripple Wallets
Before sharing about the top Ripple wallet, you need to know one important thing:
Unlike Bitcoin wallets that are free to set up, Ripple wallets require you to have 20 XRP to set up your wallet address.
So if you add 1000 XRP to your Ripple wallet, 20XRP will be used to set the wallet address. This is one reason why you don’t want to use multiple wallets for XRP (unless required).
Choose the right wallet from day one so you don’t continue to lose 20 XRP on different wallet addresses.
Ledger Nano S
Ledger Nano S is a hardware wallet and also one of the best ways to store your assets as it offers great security, is easy to use and you can take it with you anywhere.
I recommend Ledger Nano S as it supports many popular ciphers including:
Dash, BTC, ETH/ETC, Stratis, Zcash, and now it supports XRP.
You should order it from the official website and it will take 4-7 days for it to be delivered to you.
Once you have it, you can check out the Ledger Nano S library to learn how to get started using the Ledger Nano S.
Gatehub is a popular website that allows you to store Ripple and also buy them in USD or Euro.
You can start by creating a GateHub account.
NOTE: Don’t forget to write down the recovery key on a piece of paper and keep it in a safe place. In case you forgot your Gatehub password, this is the only way to recover your Ripple wallet.
Once you have created an account on Gatehub, the next step is to activate your account.
Once all of this is done, you can deposit your funds (in USD or Euro) and buy XRP directly from Gatehub.
CoinPayments is recommended as a general purpose crypto wallet. With one account you will be able to store Ripple along with many other popular cryptocurrencies. CoinPayments is more than just XRP Wallet as it provides payment gateways for merchants accepting cash payments. With two-layer security, it is possible to send to multiple addresses at the same time so investors like to use CoinPayments.
Create a wallet on Poloniex
If you want to get XRP now, you can use Poloniex to get XRP wallet.
However, you should not store XRP for more than 1-2 days on exchange (any exchange) as the exchange can close or run into problems at any time and put you at risk of losing your stored coins. store.