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Wednesday, August 5, 2020

Ripple (XRP) Wallets For Beginners

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Cryptocurrency is fast taking over the world and thousands of people are currently investing in Ripple (XRP). At present Ripple (XRP) ranks as the second-highest cryptocurrency in the cryptocurrency market by market cap.

In recent months, it’s value had experienced an increase by +977% and those who were smart enough to invest in it are cashing out large chunks of profit.

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If you are considering investing in Ripple (XRP), then there are a few questions you may want to ask. Questions like:

Where should I store my XRP?

What are the wallet options that supports XRP?

How do I purchase XRP?

Below are the exchanges you can take advantage of to get Ripple :

Binance: (These guys are currently offering limited registrations, try to get registered successfully and consider yourself in luck)

CEX: If you are looking to buy XRP directly with your credit or debit card, then the best solution at the moment is this platform.

Changelly: The most genuine and the fastest way you can convert your BTC or ETH or other cryptocurrencies to XRP is via Changelly. You don’t want to miss out of this one.

In this article, we will be helping you with all the information you need to start your XRP journey.

We will also talk about some of the most trusted XRP wallets in today’s market that is secure, safe, and trusted by others who have tested them and enjoyed their usage.

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Let’s start with where you can buy XRP

Where To Buy XRP?

There are several places where and methods how you can purchase your XRP.

The best way at present is to purchase Bitcoin & swap them for Ripple.

One of the most popular websites where you can exchange to ur BTC for XRP is Changelly. You can also exchange other cryptocurrencies on this platform. There are so many people who have become fans of Changelly.

One other method that can be used is an exchange such as Binance & purchase XRP using USD or Bitcoin.

Once you have decided how you’d love to purchase your XRP, the next step you’d need to take is to figure out is the best place to store them.

The best exchanges from where you can earn your XRP are Binance and BitMax.

XRP Wallets: The Best Wallets For your Ripple Cryptocurrency

Before we learn about the top wallets for XRP, there is something else you need to know. Unlike how you have Bitcoin wallets available for free, Ripple wallets require that you accumulate up to 20XRP to make a booking for your wallet address.

This means that if, for instance, you add 1000 XRP to your Ripple wallet, the sum of 20XRP will be used for the booking of your wallet address. This explains why you shouldn’t use more than one wallet for your XRP.

Pick the best wallet from the get-go so that you don’t have to lose 20XRP on different wallet addresses.

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1. Ledger Nano S

this is a hardware wallet that is perfect and has recently included support for XRP.

Being a hardware wallet, you can already guess why it is one of the safest ways to store your cryptocurrency as it gives you access to ease of use, great security, plus you can go with it anywhere you want.

We will recommend you go for a Ledger Nano S hardware as it supports a wide range of popular cryptocurrencies including BTC, Zcash, Dash, ETH/ETC, Stratis, and of course XRP.

You can order for it from their official site & it will be delivered to you within 4-7 days.

2. Toast Wallet

This one is a free open-source XRP wallet, and almost anyone can use it.

According to the creators of this wallet, it is both “simple enough for your grandma but safe enough for a Swiss banker”.

The best thing about the toast wallet is that it is a non-hosted one where you are put in total control of your private keys.

As of now, Toast wallet is available on Android, iOS, Windows & Mac.

3. Atomic XRP Wallet

Atomic XRP Wallet is a free non-custodial desktop app that supports the XRP with about 300+ other cryptocurrencies.

It is noteworthy that the Atomic wallet enables its users to not both manage their XRP, and as well exchange XRP through a built-in exchange engine that is powered by Changelly and they can buy XRP for a bank card.

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All these amazing features are provided in a very basic interface that is protected by a mnemonic seed. The mnemonic seed is spawned after the first launch of the app and requires that you store it safely.

You can fully control all your funds because your private keys get encrypted on your device and never gets out of it.

4. Guarda Wallet

Guarda is a famous non-hosted Ripple wallet that you should try out. The Guarda wallet has been in existence for a while and it can be download for all major platform just like Linux, Windows, and Mac.

It is a secure and lightweight wallet where the keys are in your control. It is easy to get started and you are the sole owner of the wallet for as long as you want to keep it.

5. Exarpy

Exarpy is yet another great non-hosted Ripple wallet which can be accessed from any web browser.

Using the Exarpy wallet, you can save/receive and send any amount of Ripple without the involvement of any third party.

But the Exarpy wallet is a paid one and charges 0.025 XRP one each transaction and that also includes the Ripple network’s fee.

6. Gate.io

Gate.io is a good option, and not a typical XRP wallet. However, it’s a full-fledged exchange and you’ll absolutely love using it. They have a really great mobile app that makes sending/receiving XRP easier and also allows you to trade XRP coins from your mobile phone.

Gate.io is one of the very few high-quality exchanges that are accepting first-time registrations.

7. Binance

Binance is one of the very fast-growing exchanges that began in the mid part of the 2017 year and is quickly adopting many new cryptocurrencies for its many users. If you are looking to get XRP right now, you can use Binance to obtain an XRP wallet.

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However, you are not to store your XRP for more than a day or two days on any exchange at all, as exchanges can randomly shut down or go into issues and that puts you at risk of losing your hard-earned coins.

Another wonderful thing while purchasing and storing your XRP from Binance is that you have the chance to claim your 50% discount on the trading fee whenever you exchange ETH or BTC to XRP.

Later on, you can choose to transfer these XRP to your Ledger Nano S.

Please bear in mind that Binance & Gate are both exchanges that purchase and sell XRP and also have their inbuilt exchange wallet as well.

We do not recommend that you hold your XRP in any of these inbuilt wallets for more than a day or two, that is if you are lucky enough on these days.

We hope that you find this article helpful, and we would appreciate your opinions and comments.

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