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7 Best Ripple wallets (XRP) to choose from in 2020

Republished by Plato

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Are you thinking about investing in Ripple, XRP?

Or maybe you already have and now you are looking to pick a good and reliable Ripple wallet to use?

As with Bitcoin, Ether, Litecoin, and any other cryptocurrency you need to store your cryptos on the blockchain and use a cryptocurrency wallet to interact with them. I.e. send them to people.

So in this guide, I wanted to share my thoughts and recommendations on the best XRP wallets that you could pick from in 2020!

7 Best Ripple wallets (XRP) list

Ripple XRP wallet illustration

Ripple wallet – works similarly to a traditional wallet such that it enables you to store, receive, as well as send XRP coins.

Now that you already know what exchanges to get your XRP coins from, and how to choose a good wallet. The next step is picking a wallet. So what are some of the best XRP wallets available? 

I am talking about a reliable, safe, trustable, and secure wallet. Here are a few of these wallets, hopefully, this list makes your work easier.

Note that, Ripple wallets are not like Bitcoin wallets which are typically free. A user needs at least 20 XRP to book a wallet address. That is the reason why users are discouraged from using multiple wallets.

Ensure that you pick the right wallet from the beginning to avoid losing 20 XRP on various unnecessary addresses.

1. Ledger Nano X

Ledger Nano X

Ledger Nano X is a Bluetooth enabled secure device that stores your private keys thus ensuring the safety of your crypto assets. It an extensive capacity enabling you to install over 100 applications.

Also, it supports several other coins including Ripple, Bitcoin, and Litecoin among many others. 

It eases the management of your crypto by enabling you to check your balance and receive your coins directly with Ledger Live app, you can even manage other assets using external wallets.

Not to mention, it comes with a great deal of mobility, you can manage your assets wherever you go. Also, you can easily back up your assets.

Lastly, it comes with a state of the art security being that your private keys are stored in a certified secure chip just like in credit cards and passports. Therefore, you can leave your fears of hacks behind.

So when it comes to picking the most secure and best Ripple wallet I think

2. Ledger Nano S

Ledger Nano S an excellent choice for storing your Litecoins

Ledger Nano S is a hardware wallet with an OLED screen attached to it for the tracking of your cryptocurrency holdings on the Blockchain.

It works similarly to a USB device, such that a user can plug it into any device via the USB port. It also supports a wide range of cryptocurrencies which include Ethereum Classic, Ethereum, Ripple, Litecoin, Dash, Stratis, Zcash, and Bitcoin among others.

This wallet allows you to store an unlimited number of XRP coins.

Your keys are stored in an offline environment such as your PC thus protecting you from hackers.

All you need is a device that is compatible with your device such as your Android phone using OTG cable or PC running Windows, Chrome OS, Linux, and Mac.

It is small, easy to carry, convenient, and hacker-proof.

3. Trezor Model T

Trezor Model T

Trezor Model T is a hardware wallet designed to store and encrypt your digital assets. It gives you financial freedom because you own and run your assets.

The device is completely isolated thus completely protecting your private keys. The interface is easy to maneuver thus a user can perform complex operations with ease.

It is very easy to back up your entire wallet thus easy retrieval of information. 

It supports 2FA for additional protection. Also, they operate openly and transparently thus giving the users confidence in its operation. Not to mention, their customer support and responsiveness is top-notch.

So overall this is probably one of the best hardware wallets to pick of the bunch.

4. Trezor One

Trezor One

Trezor one is probably the pioneer hardware wallet, it survived a while for good reason. For one, it supports multiple coins such as Bitcoin, Stellar, Dash, Zcash, Bitcoin Cash, Litecoin, and Bitcoin.

It was created by a pioneer company in the Bitcoin sphere. This hardware assures it, users of a high level of security, thanks to its additional security measures such as PIN codes and passphrases. 

It is the first-ever hardware wallet for cryptocurrencies. And today it still remains a firm favourite amongst crypto holders.

5. GateHub

GateHub XRP wallet

GateHub is a top online wallet that is very easy to use. It also supports a wide range of coins which include Ripple, Ethereum, Ethereum Classic, Augur, REP, QAU, and XAU.

Also, it supports fiat currencies such as INR, USD, and EURO among others. It even allows precious metals like silver and gold.

This wallet also takes the users’ security very seriously and has put several measures in place such as 2FA for additional security.

The transaction speeds are higher than those offered by banks and other cryptocurrency wallets. you have to give your details thus you can trade anonymously.

Interface of Ripple XRP GateHub wallet

7. Edge wallet

Edge wallet for Ripple XRP

Edge wallet is a free open-source mobile wallet that is available only for mobile devices. It can be used with both Android and iOS versions. It deals with both cryptocurrencies and fiat currencies.

A username and a password are required during sign up. This wallet gives the users total control of their money.

 It is very secure since it has several additional security features in place. These features include password recovery and a 2FA setup.  It also has a decentralized server system connecting all its users thus even if the servers go down, a user will continue using the wallet. 

Edge wallet has a very responsive customer support team that is available across multiple channels and social media platforms.

XRP Edge wallet interface and features

8. Ripple XRP Paper Wallet

Ripple XRP Paper Wallet generator tool

Ripple paper wallet is a great option for people who prefer a physical storage device. Just as the name suggests, you store your cryptocurrency details such as your private keys on a piece of paper.

It is fairly safe and convenient for users who are not very conversant with phones and computers. It has been rated as one of the best offline XRP wallets. 

Ensure that you store this piece of paper safely and if possible create copies in case the original copy gets damaged. Do not expose this paper to other parties for the sake of your safety.

XRP paper wallet example

How to pick a good Ripple wallet

The first thing to consider is the security; a user needs to ensure that the wallet has more than one security feature attached to it. It should at least have a PIN, Password, 2FA among others.

The transaction fees also have to be low and affordable. Also, a wallet needs to ensure your anonymity and allow you to handle as many coins as you wish (multi-coin support).

What is Ripple?

Ripple (XRP) website
Ripple

Ripple (XRP) is a peer-to-peer powered cryptocurrency that is created in such a way that it works seamlessly with the internet to enable fast, secure and direct payments on the web.

It is one of the largest cryptocurrencies by market capitalization thus making it quite popular among crypto enthusiasts.

Ripple XRP coins illustration

The Ripple coin was first implemented in 2004 and it wasn’t until 2011 that the XRP digital currency was issued. A new system was developed for the coins to eliminate Bitcoin’s shortcomings such as high power consumption, slow transaction speeds, and reliance on centralized exchanges.

Some of the advantages offered by this coin include:

  • Security and reliability
  • Elimination of third party interferences
  • A transaction commission is charged to get rid of scammers

Now that you have understood what Ripple is, you probably want to buy the coin and have a couple of questions such as how to buy the coin, where to buy them, where to store them, and the best crypto wallet for your coins.

Coinbase app on phone screen

Some of the best XRP exchanges include:

•                    Changelly

•                    CEX

•                    Coinbase

•                    KuCoin

•                    Binance

For a more extensive guide to Ripple and where to buy XRP click here.

Conclusion

The wallet of choice varies from users to users based on what features they are looking for.

The above wallets are very secure, convenient, easy to manage, and of course, they support a wide range of coins. Hopefully, the list above with steer you in the right direction.

So no matter what you’re looking for. A secure and reliable hardware wallet? A modern and nice-looking mobile wallet? Or a paper wallet to keep your XRPs safely secured?

Either way I think there is a wallet for everyone on this list. And in order to pick the best Ripple wallet for yourself I’d say try a few ones out. But my personal favourite is always to go with a hardware wallet.

And Ledger Nano X is my top pick, but the Trezor Model T is also excellent.

Other guides:

Source: https://gocryptowise.com/blog/best-ripple-xrp-wallets/

Blockchain

Crypto P2P adoption in Middle East stymied by politics and tech

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Data published by Arcane Research suggests that despite demand for peer-to-peer crypto trading platforms in the middle east, regulations and lack of infrastructure is slowing down adoption. 

But undocumented migrants in western countries have been making use of these platforms to send money back home.

According to an October report from the firm, peer-to-peer crypto trading volume, or P2P, across the Middle East and Northern Africa is roughly 15% what it was in late 2017 on major platforms LocalBitcoins and Paxful — or roughly $682,000 a week.

“In general, there are several centralized exchanges providing services in the more developed Arab states,” states the report. “However, other countries in the region do not have this exchange infrastructure, and also lack financial and political stability, but [have] not seen any notable crypto adoption on the P2P.”

There is demand for P2P services in Middle Eastern countries facing inflation, as it allows residents to get money out of the country or simply convert to crypto. The Lebanese pound has suffered massive inflation in 2020. And while Iran has been a hotspot for crypto miners due to the low cost of electricity, its currency has also been ravaged by crippling hyperinflation since the United States reimposed sanctions in 2018.

Despite this, P2P exchanges in both Lebanon and Iran are struggling to establish a foothold due to “poor Internet infrastructure and political regimes being negative towards Bitcoin.”

Instead, Arcane researchers found that “less sophisticated” Bitcoin (BTC) P2P trading methods have grown in the region during the same period, spurred by messaging apps like WhatsApp.

The report also indicated that undocumented immigrants living in western countries are turning to crypto to send funds home using gift cards in conjunction with P2P trading platforms when local laws make sending crypto more difficult.

In September, Paxful announced that it would no longer provide services in Venezuela due to regulations and sanctions related to the U.S. Office of Foreign Assets Control. Despite this the country accounted for 42% of the P2P volume across all of Latin America, which now sits at $4.3 million.

Arcane Research suggests Venezuelan immigrants have found “workarounds” to send money home  amid “clamp downs on cryptocurrencies and strict currency control.”

According to researchers, immigrants can purchase gift cards to any number of popular retailers like Amazon or just a prepaid credit card, and send a picture of it to family and friends abroad. The recipients could then sell it for Bitcoin using a P2P platform and convert it into local currency. The report stated that such a remittance method was fast and reliable, but incurred significant fees.

Bitcoin is also a good way to get money out of the country. “Bitcoin can be used as a capital flight tool for Venezuelans,” stated the report. “The hyperinflation is a huge problem for Venezuela and [has] caused over 10% of the population to leave the country.”

Source: https://cointelegraph.com/news/crypto-p2p-adoption-in-middle-east-stymied-by-politics-and-tech

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Blockchain

Grayscale adds a ‘cool $300M’ in a day and $1B this week

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Crypto fund manager Grayscale Investments has increased its assets under management (AUM) by $1 billion in the space of a week.

According to an update posted to Grayscale’s Twitter account on Oct. 22, the investment firm currently has $7.3 billion in assets under management (AUM). That’s a billion-dollar increase on the $6.3 billion AUM Grayscale reported on Oct. 15. Each report is delayed by 24 hours so it refers to the previous day’s figure.

The funds are mostly held in Grayscale’s trusts for Bitcoin (BTC) and Ethereum (ETH), along with the firm’s digital large cap fund. The most recent spike is likely linked to the surge in crypto market prices following the recent news PayPal would offer crypto payments from 2021.

Grayscale reported its Litecoin (LTC) Trust had increased the most since the previous day’s report, by more than 7.5%. The company’s Zcash (ZEC) Trust increased by more than 6% in the same period. The firm also has small allocations in Ethereum Classic (ETC), Horizen (ZEN), Stellar Lumens (XLM), XRP, and Bitcoin Cash (BCH).

Grayscale CEO Barry Silbert commented on the investment firm’s recent rise on Twitter, stating it had “added a cool $300 million in AUM in one day.”

With Grayscale’s Bitcoin Trust currently holding more than $6B assets under management, this effectively means the investment firm controls roughly 2.5% of the total coin supply — currently at 18,522,937 according to CoinMarketCap. The total supply of Bitcoin is capped at 21 million, meaning there are roughly 2.5 million BTC left to be mined, or about 11.9% of the total Bitcoin to be generated.

Grayscale has recently be joined by other major financial institutions that also see the potential of crypto. Along with MicroStrategy’s purchase of $415 million BTC this year, monitoring resource Coin98 Analytics reported digital asset manager CoinShares controlled 69,730 BTC as of last week — worth more than $900 million following the coin’s surge past $13,000 today.

Source: https://cointelegraph.com/news/grayscale-adds-a-cool-300m-in-a-day-and-1b-this-week

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Kik Survives Grueling SEC Battle, Kin Token Continues Trading

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Source: https://cryptobriefing.com/kik-survives-grueling-sec-battle/

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