Bitfinex Ripple XRP wallet has numerous benefits for users to take advantage off. Firstly, it is one of the largest BTC trading centers, offering wallet services for over 30 fiat and cryptocurrencies. Additionally, it has both exchange and margin trade markets for XRP, both of which have favorable fee policies.

However, it is important to know that the platform experienced a hacking incident back in 2016. At the time, the company lost $60 million worth of bitcoins, causing a ripple effect across the crypto market. Now, Bitfinex is hell-bent on never having its security breached like before. Users now have numerous security measures that they can implement. At the same time, Bitfinex itself employs encryption and server safety measure that would counter cyber-attacks.

Pros

– Enhanced security following the hack attack

– Numerous trading pairs and currencies to exchange with XRP

Cons

– Deposits of less than $1,000 in value carry 0.1 XRP fee

– Identity verification is a must

Source: https://www.cryptocoinzone.com/bitcoin-wallet/top-3-ways-to-create-ripple-xrp-wallet/