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5 Best XRP wallet of 2020

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Let’s today discuss the best XRP wallet available in the crypto market. Co-founded by CEO Chris Larsen & CTO Jed McCaleb in 2012, XRP token is a digital currency of Ripple Lab. It is an open-source payment network where anyone can transfer money in any currency within seconds. XRP is currently the third-highest cryptocurrency in […]

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Let’s today discuss the best XRP wallet available in the crypto market.

Co-founded by CEO Chris Larsen & CTO Jed McCaleb in 2012, XRP token is a digital currency of Ripple Lab. It is an open-source payment network where anyone can transfer money in any currency within seconds.

XRP is currently the third-highest cryptocurrency in the market by market cap. Last year in 2019 for a brief period it became the second-highest cryptocurrency.

According to CMC the current Market cap of XRP is $8,06,15,44,883 and the approximate return on Investment for it, if purchased at the time of launch is 3,020.69%

Investors who invest in XRP consider it as a long term investment. Therefore holding it in a wallet rather than an exchange is considered a wise decision.

In this guide, I will be sharing the names of some of the best XRP wallets also known as Ripple wallet in the market that are safe, secure, trusted and offers additional features.

The listed Ripple wallets are my personal favorites, some of them have been used by me for my day to day trading activities.

But, first…

What is XRP Wallet(Ripple Wallet)?

In simple words, just like other cryptocurrency wallets an XRP wallet(Ripple wallet) enables you to store, receive and send XRP coin.

Most XRP wallets require their users to hold a minimum of 20 XRP as a balance to activate their Ripple address. So if you add 100 XRP into your Ripple wallet 20 XRP will be used to book wallet address.

This one of the main reasons why you should avoid using multiple XRP wallets.

How to buy XRP?

You can buy it using fiat money or Bitcoin at a cryptocurrency exchanges where it is being traded. Some exchanges do allow you to buy XRP using Ethereum.

I prefer buying it with Fiat or Bitcoin. My top three recommended global cryptocurrency exchanges to buy Ripple are

My top three recommended Indian crypto exchanges to buy Ripple are

Now, let’s start with the list of…

Best XRP Wallet:

1. Toast Wallet:

Toast Wallet is a Ripple(XRP) exclusive wallet. It is an open-source wallet for Android, iOS, Windows, Mac, and Linux.

It is owned by StartStone Limited, a software startup based in NewZealand.

Toast Wallet is a hot wallet and it is completely free. It is less vulnerable to cyber attacks as its encryption keys are generated and stored on the device where it is downloaded.

Advantage of Toast XRP Wallet:

  • Very easy to send and receive XRP using this wallet.
  • Easy to view balance and transaction using the wallet.
  • Generate back up of the wallet in case you lose your device.
  • Encrypted keys are stored on the device only for security purposes.

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2. Atomic Wallet:

Atomic wallet is a Multi cryptocurrency, custody free wallet. You can use it to store more than 300 coins and tokens. It is free to download and is available both as a hot wallet and cold wallet.

The Atomic Wallet functions as a decentralized exchange of its own due to features like Atomic Swap and Atomic exchange.

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Advantage of  Atomic Wallet:

  • You can directly buy cryptocurrencies using this wallet.
  • You can also stake crypto using this wallet with zero fees.
  • Access to Private keys of all the different wallets.
  • Available for both mobile and desktop.

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3. Ledger Nano S:

It is one of the most secured hardware XRP wallets that comes in a compact size just like a USB with an attached OLED screen.

Since it is not always connected to the internet it falls under the category of cold wallet and therefore it is considered one of the safest wallets.

Advantage of  Ledger Nano S:

  • It supports multi-cryptocurrency storage.
  • All Private keys are stored offline.
  • All data stored in the wallet are secured by a PIN code.
  • It is completely Malware proof.

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4. Edge Wallet:

One of the ideal XRP wallets, it is an open-source and non-custodial cryptocurrency wallet available on iOS and Android.

With the Edge wallet, you get direct access to the Ripple network all from a mobile device and perform you can fiat to crypto exchange, crypto to crypto exchange.

Advantage of Edge Wallet:

  • Multi cryptocurrency support.
  • Complete access to Private Key.
  • Support XRP’s Destination tag.
  • Easy to recover the password.

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5. Guarda Wallet:

On our list of best XRP wallets, we have Guarda wallet which is a multi cryptocurrencies custody free wallet. It is one of the most trusted mobile wallets.

It is a hot wallet and unlike most other hot wallets it gives access to the Private key of all the wallets built in it. This means that you have full control of your funds in the wallet.

Advantage of Guarda Wallet:

  • Multi cryptocurrency support.
  • Built-in exchange to buy and exchange cryptocurrencies.
  • Supports over 30 cryptocurrencies.
  • Easy to use and easy to set up.

Visit Website

My Thoughts:

The listed XRP wallets in this guide are free to download, you can download and use any one of them depending on your choice as most of them are Multi cryptocurrency wallets.

All of them have the best security features to keep your money safe. They all have brilliant support you can also join their social media channel to stay connected with the latest.

It is always advised to keep a backup of your wallet in case if you lose your device or accidentally corrupt it, you can always restore your wallet using the backup.

Always update your wallet to the latest version and never reveal security details like password, pin or the private key to anyone.

If you are a long term holder then always use a cold wallet to store your crypto assets. If you are a trader then always keep a small balance in your trading wallet (exchange wallet) and transfer the rest to your personal wallet.

Treat your digital currency wallet in the same manner as you treat your fiat wallet. Follow the above set of hidden rules and your wallet will always be safe and secure.

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In the End:

Thanks for reading this guide. I hope you find this guide interesting and informative. I enjoyed writing it for you and I think you might have also.

In case if you have not joined our community on social media then you can now. We are available on the following.

Source: https://cointikka.com/best-xrp-wallet/

Blockchain

BTG Pactual becomes first bank in Brazil to participate directly in the crypto market

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Financial institutions have been increasingly keen on being part of the booming $2 trillion cryptocurrency market, with over 13 of the world’s largest banks pushing roughly $3 billion in funding so far, into cryptocurrency. The latest major news came from Brazil.

One of the leading Brazilian investment banks BTG Pactual has been trending within the crypto community. It launched a new platform enabling customers to make direct investments in cryptocurrencies. Ergo, making it the first major financial institution in Brazil to participate directly in the crypto market.

According to local news outlet, The Rio Times,

“…the launch of Mynt, a platform that allows BTG Pactual Digital and BTG+ clients to trade directly, cryptocurrencies such as bitcoin and ether.”

Andre Porthilo, BTG Pactual’s head of digital assets, stated,

“At this first moment, we will have the two main assets of the market, but we will include other cryptos for trading over time. We will have a complete platform with blockchain-based assets.”

One thing that remained in common with different banks incorporating these tokens is the fact that they have been responding to “demand from our customers who wish to trade crypto.” This news is no different.

Plans

BTG Pactual CEO, Roberto Sallouti laid out his plan of action with this development. He opined, “As a new asset class, we will also have content to educate and inform our customers about these assets and the technology.”

Needless to say, Brazil has witnessed an immense amount of crypto traction. That said, regulators too have taken steps to curb illicit activities. As asserted by the CEO, the said bank will be regulated by both the Brazilian Securities Commission and the local central bank. Moreover,

“With the support of BTG Pactual, Mynt has fundamental differentials in security and credibility…”

Past

The said bank had previously incorporated digital assets in previous operations as well. In 2019, it launched its real estate-backed security token ReitBZ. This step was executed post-examining digital assets for a couple of years. Just recently, the bank announced collaboration with Gemini, the U.S.-based crypto exchange. Gemini provided custody services to the first Bitcoin fund issued by a Brazilian investment bank.

Where to Invest?

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Source: https://ambcrypto.com/btgpactual-becomes-first-bank-in-brazil-to-participate-directly-in-the-crypto-market

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Basel Committee Crypto Rules Face Backlash

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

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Source: https://cryptobriefing.com/basel-committee-crypto-rules-face-backlash/?utm_source=main_feed&utm_medium=rss

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Blockchain

Ethereum NFT Game Sorare Fantasy Soccer Raised $680 Million

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Ethereum NFT game Sorare fantasy soccer just raised $680 million and it is now valued at $4.3 billion while launching a US office so let’s read more today in our latest Ethereum news.

The Ethereum NFT game Sorare fantasy soccer raised $680 million and the french startup now plans to expand into other sports as well as to onboard women’s soccer teams and US office. Sorare is an Ethereum-based fantasy soccer game based on NFT trading cards and grew dramatically in 2021 with a rising base and huge trading volume not to mention the new licensed teams in the mix. Today, however, the startup is using the momentum with the announcement of a new funding round.

NFT Game Founder, scammer, eth, cryptopunks

The $680 million Series B round values the company at $4.3 billion after a $50 million Series A round which was announced back in February and the new series was led by Japanese tech and investment conglomerate SoftBank that has a number of crypto industry dealings through SBI holdings financial services division. Sorare is focused on soccer with players from more than 175 licensed clubs like FC Barcelona, Juventus FC, and Paris Saint Germain FC as some of the most popular. Nicolas Julia, the co-founder and CEO of Sorare said that this week the company plans to expand into other sports and it will open a US-based office in the upcoming months to help “continue to grow with fans and sports leagues.” He continued:

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“We have ambitious plans to keep growing Sorare into a sports entertainment giant. The new funding will be used to help us continue to grow a world-class team, expand to new leagues and new sports, and keep improving our experience for users, including shipping a mobile app.”

nba top shot

Dapper Labs’ NBA Top Shot is similar to Sorare, built around NFTs and based on professional athletes. An NFT acts like a deed of ownership to a scarce digital item so in the case of Sorare, it’s a digital trading card that can be purchased and resold with each available in limited quantity. One NFT card can even reach $290,000. Unlike Top Shot, however, Sorare has an ongoing game component and is similar to other fantasy sports in that you can choose your top players each week as well as the leagues with other users. Sorare also has close ties with Ubisoft as it took the accelerator program this year.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

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Source: https://www.dcforecasts.com/ethereum-news/ethereum-nft-game-sorare-fantasy-soccer-raised-680-million/

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