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

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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/

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Revolut to Reportedly Launch Own Cryptocurrency Token

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According to a recent report, Revolut seeks approval from UK’s securities regulator to launch its exchange token. Should the initiative be greenlighted, it will start from Europe and other non-US-based locations.

  • Citing people familiar with the matter, CoinDesk reported earlier that Revolut – a leading fintech firm – wants to release its cryptocurrency token.
  • One of the sources indicated that users would be able to utilize the coin similarly to Wirex and Nexo. However, such a development would be possible only if the initiative received regulatory approval from the UK Financial Conduct Authority (FCA).
  • If it goes live, Revolut will focus on the European market at first and other locations outside the United States.
  • The London-based company started providing cryptocurrency services a few years back and has only increased the number of offerings. Most recently, the firm added 11 new cryptocurrencies to its platform, including Cardano, Uniswap, Yearn Finance, and Uma.
  • Although it’s not the only fintech company providing digital asset products to its clients as it’s competing with the likes of PayPal and Robinhood, the potential implications of its cryptocurrency could be considerable.
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Source: https://cryptopotato.com/revolut-to-reportedly-launch-own-cryptocurrency-token/

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Blockchain Platform QANplatform to Provide Cloud Deployments

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The Quantum-resistant blockchain platform – QAN – will launch its cloud deployment service, via which developers can reach platforms like Amazon AWS and Microsoft Azure. The new option will be available from the end of 2021.

QANplatform Vows to Cut The Deployment Time

Through a new cloud deployment feature on its network, users of the Estonian-based blockchain platform – QANplatform – would be able to extend the QAN private DLT to cloud platforms such as Amazon AWS, Google Cloud Platform, Microsoft Azure, Linode, and DigitalOcean in no longer than 5 minutes.

Per the announcement shared with CryptoPotato, QANplatform would be the first in its field to automate this function to such major platforms. As a result, DevOps engineers and developers would be capable of building quantum-resistant smart contracts, DeFi solutions, tokens, DApps, and NFTs at a reduced deployment time by 80%.

Johann Polecsak – Co-Founder and CTO of QANplatform – praised the future initiative. He said his blockchain project aims to lower the entry barrier for the developer community so it can “build Proofs-of-Concept (PoC) and Minimum Viable Products (MVP) as fast as possible to reach mass adoption.”

“QAN blockchain platform solves this issue by building integrations to existing and widely used and loved programming languages (Rust, Go), DevOps technologies (Docker, Kubernetes) and Cloud Platforms like Amazon AWS or Microsoft Azure.” – Polecsak added.

The cloud platform deployment feature would start with the QANplatform TestNet release. It would be available for developers by the end of the ongoing year as they can pre-register for it.

QAN Raised Over $2M to Build DeFi Ecosystem

In May this year, QANplatform caught the attention of the crypto community with another initiative. Back then, the blockchain project announced a fundraise of $2.1M from companies like Fairum Ventures, BlackDragon, DeltaHub Capital, and Insignius Capital. With it, QANplatform aimed to develop an ecosystem where users would be capable of building various software applications within DeFi quicker.

Max Mucko – Partner at BlackDragon – commented on the move:

“We are glad to contribute to this investment round and support QANplatform’s future growth. We see a lot of potentials not only because of the quantum-resistant cybersecurity but also for QAN’s other IPs like Proof-of-Randomness (PoR) consensus algorithm, rapid cloud platform deployment, or the upcoming multi-language smart contract development feature.”

The funding focused on three strategic areas: product development, liquidity providing on exchanges, and marketing.

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Source: https://cryptopotato.com/blockchain-platform-qanplatform-to-provide-cloud-deployments/

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Axie Infinity Records Holders ATH: 420% Year to Date Growth

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Popular non-fungible token (NFT) gaming platform Axie Infinity continues to see increased adoption from users, following exponential growth in the number of wallet addresses.

Axie Sees Surge in Address Holders

According to data provided by IntoTheBlock on Tuesday (September 28, 2021), Axie Infinity Shards (AXS) ownership is on the rise, with 17,480 address holders. This figure represents a new all-time high (ATH) and a 420% increase year-to-date (YTD). Meanwhile, this growth is indicative of the rising popularity of Axie Infinity and play-to-earn non-fungible token (NFT) gaming.

Back in July, CryptoPotato reported that the value of the AXS token skyrocketed nearly 400% within one month, leading to a market capitalization of over the $1 billion mark. Later in August, AXS was among the assets listed on the major cryptocurrency exchange Coinbase Pro, which also gave it an immediate boost.

Axis Infinity, developed by Sky Mavis and released in 2018, arguably popularised the play-to-earn trend and has recorded a number of impressive milestones in recent times. Data from DappRadar revealed that the project recorded over $2 billion in NFT sales volume, solidifying Axie’s place as the most valuable NFT collection, thereby surpassing major names such as CryptoPunks, Art Blocks, and NBA Top Shot.

The data also showed that more than 600,000 users traded Axis Infinity NFTs, resulting in 4,887,645 transactions. The project currently boasts over 1.5 million daily active users.


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According to Jeff Zirlin, co-founder of Axie Infinity, half of the platform’s users got to interact with cryptocurrency and blockchain for the first time through Axie, while 25% of them did not own a bank account.

The Growth of NFT Gaming

The NFT industry is becoming popular with celebrities, major sports leagues, and companies buying digital art in whatever form, or selling them. However, blockchain-based games are seeing a special kind of attention.

A report by DeFiPrime stated that the NFT Gaming market has a total market valuation of nearly $180 billion as of August 2021, with the value estimated to rise to $196 billion. An excerpt from the report reads:

“NFT games may have the potential to become the standard for the gaming market if it sees enough attention and popularity. Already they have made major changes to games and made it much more fun for players. From there, it could be a very major change to the way people play games and could be as major as Doom was to the market or 3D was for environments.”

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Source: https://cryptopotato.com/axie-infinity-records-holders-ath-420-year-to-date-growth/

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