The best XRP wallets, including both software and hardware options, to securely manage Ripple’s native cryptocurrency, XRP.
Ripple recently announced the implementation of Federated Sidechains, expanding XRP’s use cases to include DApps and NFTs.
What Is XRP (Ripple)?
Ripple is a blockchain-based digital payment network with its native cryptocurrency, XRP, primarily serving the financial services industry. Founded in 2012 under OpenCoin, Ripple’s RippleNet enables institutional payment providers to transfer money globally faster and at lower costs. Over 200 banks and payment providers currently use RippleNet.
Unlike blockchains using POW or POS consensus, Ripple’s protocol validates transactions through a network of bank-owned servers, enabling fast transactions (seconds) with minimal fees. All XRP tokens were premined.
XRP Blockchain Explorers
Popular XRP blockchain explorers:
Should You Keep XRP on Exchanges?
Reputable sites often suggest holding XRP on exchanges like Binance or Coinbase, but the mantra remains: “Not your keys, not your coins.”
When creating a wallet, you generate:
- Private key (recovery phrase): Proves ownership and signs transactions. Keep it secret.
- Public key: Generates XRP addresses.
Exchanges control both keys, risking account suspension or shutdown.
👉 Secure your XRP with a hardware wallet
XRP Hot Wallets vs. Hardware Wallets
XRP Hot Wallets (Free Software Wallets)
- Pros: Easy setup, free.
- Cons: Vulnerable to online threats (hacks, bugs).
XRP Hardware Wallets (Cold Wallets)
- Pros: 100% offline security. Private keys never exposed online.
- Example: Ledger Nano X signs transactions internally.
Top 6 XRP Wallets
| Rank | Wallet | Type | Best For | Price |
|------|----------------------|---------------|---------------------------|---------------|
| 1 | Ledger Nano X | Hardware | Security & versatility | €149.00 |
| 2 | Trezor Model T | Hardware | Advanced security | €219.00 |
| 3 | SafePal S1 | Hardware | Air-gapped transactions | $49.99 |
| 4 | Atomic Wallet | Software | Desktop users | Free |
| 5 | Exodus | Software | Multicurrency support | Free |
| 6 | Trust Wallet | Mobile | DeFi & BSC integration | Free |
1. Ledger Nano X – Best XRP Hardware Wallet
- Supports: 5,500+ coins, including XRP.
- Features: Bluetooth connectivity, Ledger Live app for buying/staking.
- Price: €149.00.
2. Trezor Model T – Best for Security
- Supports: 1,300+ assets.
- Features: Color touchscreen, Trezor Suite integration.
- Price: €219.00.
3. SafePal S1 – Best Air-Gapped Wallet
- Supports: 10,000+ tokens.
- Features: QR-code signing, self-destruct mechanism.
- Price: $49.99.
4. Atomic Wallet – Best Free Desktop Wallet
- Supports: 300+ coins.
- Features: In-app swaps, AWC token rewards.
5. Exodus – Best Multicurrency Wallet
- Supports: 100+ cryptocurrencies.
- Features: Mobile/desktop sync, Trezor compatibility.
6. Trust Wallet – Best Mobile Wallet
- Supports: XRP, BEP20/ERC20 tokens.
- Features: DApp explorer, credit card purchases.
FAQs
1. Can I stake XRP?
XRP uses a consensus protocol, so staking isn’t native. However, some platforms offer lending options.
2. Is XRP a good investment?
With RippleNet’s growing adoption and Federated Sidechains, XRP’s utility is expanding.
3. How do I recover a lost XRP wallet?
Use your recovery phrase (private key) on a compatible wallet.
4. Are hardware wallets worth it?
Absolutely. They offer unmatched security for long-term holders.
👉 Explore hardware wallets today
Final Thoughts
Choose a wallet based on your needs: hardware wallets for security, software wallets for convenience. Always prioritize self-custody to fully control your XRP.