Introduction
Ripple is a remittance network for financial transactions launched by Ripple Labs. XRP is the native token for Ripple network. Ripple was launched in 2012 by Chris Larsen and Jed McCaleb. Ripple does not use blockchain technology but incorporates a distributed consensus ledger for validating its transactions securely. Ripple is acclaimed for its faster processing of transactions up to 1000 transactions per second. Whether you want to convert BTC to XRP, or Buy Ripple with credit card, you will need a safe and secure wallet to store your coins.
Let us go through the different types of Ripple wallets available today:
- Hardware wallets
Ledger Nano S
It is a famous hardware wallet that can be plugged into your system like any other USB device. Ledger Nano S can store many cryptocurrencies including Ripple, Bitcoin, Ethereum, ZCash and Litecoin. This wallet is considered as the best Ripple wallets and immune to hackers than online wallets as your private keys are safe inside the device and not leaked. By using a password you can access your Ledger Nano S wallet in various operating systems including Windows, Chrome, Linux and IOS.
- Web wallets
Exarpy
It is a desktop wallet which does not need any downloading. Exarpy can e accessed through your mobile browsers as well. Exarpy gives you an application to operate your XRP tokens on Ripple network and it does not physically hold your XRP tokens. Many digital currency wallets charge a different fee for different transactions, whereas Exarpy charges 0.025 XRP per transaction as its transaction fee. You need to safely store your 16 digit pin to access your digital coins in Exarpy wallet.
GateHub
It is another web-based wallet for the Ripple network. To utilise this web wallet, users need to deposit 20 XRP tokens or an equivalent Bitcoin, Ethereum, Ethereum Classic or Augur. You can also make bank deposits to access this wallet. In this online wallet, you can easily trade and exchange Ripple with other cryptocurrencies like Litecoin, Dash and ZCash.
- Desktop wallets
Rippex
Rippex is a desktop wallet developed by Ripple Labs as an experimental open-source wallet for XRP tokens. Rippex can be downloaded in operating systems like Windows, Linux and MAC. experienced developers can build their own version of this online wallet. This wallet is still in its beta version which means that it is yet to be developed fully. Unlimited number of XRP can be sent and received using this wallet.
- Mobile wallet
Toast wallet
This is a simple mobile wallet which is free to use. Toast Wallet! is an open-source wallet compatible with Android and IOS devices. A desktop version of this wallet is available for various operating systems.
- Paper wallets
to protect your cryptocurrencies from hackers, creating a paper wallet is considered as the safest. By using minimalistic Ripple client you can create your own paper wallet for storing XRP tokens. Since your paper wallet is completely away from the internet it is deemed to be a safer option than other types of Ripple wallets. While generating paper wallets users will be given private keys and public keys to access their wallets. These keys must be safely jotted down in a secure place.
Conclusion
By using the above Ripple wallets you can undertake BTC to XRP exchange and buy Ripple with credit card in cryptocurrency exchanges. Analyse the different wallets available for Ripple carefully and choose the one which suits your needs.
Read latest Review on top Ripple Wallets: Best Ripple Wallets to look forward to in 2019
Author Bio:
Nidhi Mahajan is a guest blogger and passionate about content writing. She has been
creating SEO friendly content for more than 5 years. For more info you can check her
Follow our WhatsApp channel
