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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 […]

The post 5 Best XRP wallet of 2020 appeared first on CoinTikka.

Republished by Plato



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.



SEC responsible for $15 billion in damages to XRP holders: Ripple

Republished by Plato



Weeks after the United States’ Securities and Exchange Commission filed an amended complaint in its lawsuit against Ripple Labs, the latter has now filed an official response, with the same asserting that the SEC is picking virtual currency winners and losers by exempting Bitcoin and Ether from the scrutiny of similar regulations.

According to Ripple, XRP was designed to be a “better Bitcoin” and more secure because control over the XRPL is more distributed.

Ripple’s response also pointed out that the mere filing of the SEC’s complaint has caused immense harm to XRP holders, cutting the value of their holdings substantially and contributing to numerous exchanges, market makers, and other market participants ceasing trading activities involving XRP. The blockchain firm argued that in bringing a case that alleges an unregistered securities offering of just over $1.3 billion from several years ago, the SEC has already caused more than approximately $15 billion in damages to those it “purports to protect.”

The 100-page document also went on to accuse the SEC of mischaracterizing several items on the record, including the claim that Ripple’s sales of XRP constituted a “significant part” of the XRP. According to Ripple, these sales constituted less than 0.4% of the total XRP transaction volume in nearly all periods.

To conclude, Ripple equivocally denied all charges in the SEC’s amended complaint, calling the allegations “overarching.”

“We’re looking forward to learning more about the SEC’s meetings with major XRP market participants who asked for guidance but were never told that XRP transactions would be subject to federal securities laws,” Stuart Alderoty, Ripple’s General Counsel, added on Twitter.

The timing of the said development is interesting, especially since it came just a day after Ripple execs Brad Garlinghouse and Chris Larsen filed motions to dismiss the amended complaint.

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How to Protect Yourself from the Cryptojacking Threat

Republished by Plato



Though fairly common in today’s age, for many, Cryptojacking might still be a brand-new term. What is Cryptojacking? Is this a threat for all computer and internet users? How can we prevent falling victim to Cryptojacking? And many more such questions are common. Some of the most common concerns have been addressed below.

What happens in Cryptojacking?

Cryptojacking is the latest, most innovative, shape of cybercrime. These jackers will use your computer to mine cryptocurrencies maliciously. This can happen on both personal and business laptops, computers, and mobile devices. Cybercriminals hack into any of these devices to install software that uses the computer/laptop/smartphone’s resources and power to mine cryptocurrencies or steal wallets of unsuspecting victims. This is a grave threat as it is hard to detect and easy to deploy and run in the background. The main idea is using another computer and device’s resources to do crypto mining work for them and whatever earnings or steals they make from the hijacked computers, they siphon it into their own digital wallets. 

Cryptojacking Methods

There are three main methods cryptojackers can opt for to maliciously mine for cryptocurrencies. Let’s skim through them so you know how to better protect yourself against them.

Browser-based Cryptojacking

This happens when the hacker uses IT infrastructure to mine and attack directly within the web browser. They create a crypto mining script that is embedded into different websites. These scripts can be embedded into out-of-date WordPress plugins or ads where they run automatically while the code gets downloaded into the user’s computer. 

File-Based Cryptojacking

File-based cryptojacking starts from downloading malware that runs an executable file. A Cryptomining script is spread through this file all around the IT infrastructure. The most common way to do so is to spread malicious emails with links or attachments that look fairly legitimate for the user to click on them. If they click, the code is executed and downloads the crypto mining script to work in the background on the user’s computer without their knowledge.

Cloud Cryptojacking

Cloud Cryptojacking is used when a hacker searches for API keys through an organization’s code and files to gain access to their cloud services. They then gather unlimited CPU resources for crypto mining and this resultantly increases account costs quite significantly. Hackers illicitly mine for currencies using this method as it helps them accelerate at a much faster rate. 

How to detect Cryptojacking?

The crypto mining scripts generated by hackers can be very tricky to detect and locate, which is why you need a highly vigilant IT team at work 24/7 for your organization’s operation. Here are some common signs that will tell you something’s wrong before it’s too late and practices that can help you detect cryptojacking, look out for these!


Just like any other intensive task, Cryptojacking involves resource processing that can heat your computing device quickly. Overheating will shorten the lifespan of your device and damage it immensely. Moreover, overheating means the fans in your devices will run longer than they should to keep the system cool and running.

Decreased performance

One of the major signs of cryptojacking is a decrease in the performance of your laptop, PC, mobile device, or tablet. If you observe an unexplained decrease in processing speed, immediately call an IT technician and get it checked. If you’re running an organization, educate all your employees about their cybersecurity and about signs and symptoms they need to report. 

Regular Website Checks

Regularly monitor your website and all its web pages to make sure there are no changes to the files and webpages on the web server. This is a great way to prevent a Cryptojacking attack.

Monitor CPU Usage

Analyze your CPU usage regularly by using a task manager or activity monitor. An unjustified increase in the CPU usage means there’s something fishy going on. Especially for a website that has little to no media content that could drive traffic. 

Protection against Cryptojacking?

Following are some recommendations from security experts on the prevention of Cryptojacking.

Maintain good security hygiene

Establish solid security hygiene to lower the risk of Cryptojacking as all such attackers are opportunists and always on the hunt for wear, vulnerable venue. Hackers run numerous exploits on websites and get through whenever there is a patch.

Web filtering

Keep your web filtering tools up to date and make sure your users are blocked from accessing a webpage that you identified delivering Cryptojacking scripts. 

Anti-crypto mining browser extensions

To coin the cash and deploy the Cryptojacking script, crypto-miner hooks into web browsers. You can use browser extensions to block such crypto miners. Browser extensions such as No Coin, minerBlock, and Anti Miner can be used. 

Disable JavaScript and enabling Ad-Blockers

Disabling JavaScript when browsing online will protect Cryptojacking code from infecting your device. And, Ad-blockers will detect and block crypto-mining codes that are commonly placed in web ads.

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Blockchain Association meeting with key Biden staff about regulations

Republished by Plato



U.S.-based crypto advocacy group, the Blockchain Association, is lobbying key figures in the Biden administration to advocate for more favorable regulations.

The Association’s executive director, Kristin Smith, told Fox Business the group has already met with or is in the process of scheduling meetings with high-ranking Whitehouse officials including Treasury Secretary Janet Yellen, Deputy Secretary nominee and former BlackRock executive Wally Adeyemo, along with representatives of the Treasury Department.

Citing reported comments from Yellen about how the primary utility of cryptocurrency is “illicit financing,” Smith said the association’s key aim was to assist the Treasury chief to “understand the value of crypto networks:”

Our number one priority is helping Yellen understand crypto goes beyond the financing of criminal enterprises.”

Yellen has been criticized by the crypto sector for describing Bitcoin as “an extremely inefficient way of conduction transactions,” and speculating that BTC is not “widely used as a transaction mechanism.”

Despite her apparent hostility toward Bitcoin, Yellen has expressed openness to centralized DLT, with the secretary stating a digital dollar could offer “faster, safe, and cheaper payments” than existing fiat currency last month.

Adam Traidman, CEO of crypto wallet BRD, indicated representatives of the crypto sector are “trying to work as high up the Treasury food chain as we can,” adding:

“We’re not opposed to regulation and compliance, but we need time to spur innovation and grease the skids for adoption of crypto first.”

Traidman emphasized concerns regarding regulations for wallets and crypto-to-crypto transactions, stating: “One of our main goals is to carve out crypto to crypto transactions from most regulations. If crypto transfers have to meet wire transfer rules, that will harm the industry.”

Some in the crypto community have also expressed concern regarding Joe Biden’s nominee for chairman of the Securities and Exchange Commission, Gary Gensler — who has previously described Ethereum’s 2014 ICO as an unregistered securities offering.

Earlier this week, Gensler told the Senate Banking Committee the SEC will work to ensure the crypto markets “are free of fraud and manipulation,” accusing off-shore exchanges of having been “rife with fraud.”

The Blockchain Association’s members include crypto heavyweights Circle, Binance.US, Grayscale, and Kraken.

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