Choosing The Right Ripple (XRP) Wallet

Mon 15 Feb 2021 ▪ 1h49 ▪ 13 min de lecture - par CryptoKing

Once you have purchased some ripple, you should store them in a wallet, whether this is a software or hardware form of storage. Several types of wallets are available, which can adapt to your expectations and needs. It is therefore quite easy to find specific wallets suited to the cryptocurrencies that you want to place in them.

What is a cryptocurrency wallet?

In order to better visualise what a Ripple wallet represents, it is best to first understand what cryptocurrency wallets hold, as well as understanding how they work.

Definition of a cryptocurrency wallet

A wallet allows its holder to store a cryptocurrency or multiple cryptocurrencies, so that they can subsequently carry out secure transactions or simply speculate on cryptomarkets. In other words, once you have acquired cryptocurrency, it is advisable to put it in a safe place before using it.

Even though ‘physical’ (or cold) wallets exist for cryptocurrencies, we will mostly hear about so-called ‘digital’ (hot) wallets, which come in the form of:

  • Software
  • Applications
  • Encrypted files
Protection des Ripple avec un portefeuille numérique

For example, you can download software to your computer or laptop that will allow you to store ripple and generate addresses to receive them. These special wallets have a secret key – a password that only the user should have access to.

The advantages of using a wallet

Having a wallet to secure your cryptocurrency has significant advantages. Your main concern when acquiring a digital currency is not to lose it, this may seem unnatural at first, as we have become accustomed to centralised institutions protecting it for us. Even if you have a cryptocurrency like ripple, which places a great importance in the development of its blockchain to reduce the number of hacks, it is still necessary to play it safe by finding the right wallet. Below are some major advantages of storing your XRP in a wallet:

  • Everyone has control over their own private keys – therefore it is extremely difficult for a hacker to steal large amounts of cryptocurrency
  • More secure than online exchanges
  • You have full control of your money
  • Using a wallet is simply choosing to isolate your cryptocurrency and devices from any potential online hacking risk
  • Affordable purchase prices: one of the best cryptocurrency wallets cost less than £55

The different types of cryptocurrency wallet

The range of wallets that exist in 2020 for storing cryptocurrency is large and varied. Here are the main types of wallets used by cryptocurrency holders, including XRP.

Hardware (aka cold) wallets

Efficient and recommended for storing large amounts of cryptocurrency for the long term, hardware wallets act as a secure safe and are increasingly used by investors due to their effective performance. These wallets come in the form of a USB key and they allow you to leave no trace on any computer that you connect to the internet or online network.

Cold wallet pour Ripple

What this means for your cryptocurrency is that they are totally isolated. They will be left at an address which can only be accessed with a password, but also which no longer appears on the network that you connected to in order to move them. This type of cold wallet remains the most secure.

Hot wallets / online wallets

Le portefeuille en ligne

You access these types of wallets through your web browser. Even though these wallets are easy to create, you cannot control the private keys yourself. In other words, they have been proven to be relatively insecure and, as a result, are very popular targets for hackers.

Software aka desktop wallets

Another form of hot wallet (as opposed to cold wallets), they are a type of software that you download to your computer or laptop. It is then necessary, in certain cases, to synchronise the blockchain of your chosen cryptocurrency, but not all software wallets require this download. This is a difference between full wallets, which require the complete download (Bitcoin for example), and lightweight wallets which do not.

Paper wallet

Paper wallet

This will consist of printing an actual sheet of paper with the cryptocurrency’s private and public keys onto it. If you lose this piece of paper however, it would mean losing your cryptocurrency. This is the old skool way that existed before the creation of electronic wallets. Old but gold.

The three best Ripple wallets

Here are the top three Ripple wallets that TCT recommends for storing your XRP, based on the features offered, user reviews and also the level of security offered by the product/service.

Ledger Nano S

The must-have Ledger Nano S comes in the form of a USB key and is therefore a cold wallet. It is physical and tangible, allowing you to take it anywhere. Priced at £54.50, it provides optimal security for your XRP compared to the competition.

Le Hardware Ledger Nano S

Recommended by the vast majority of specialised websites, this small marvel of technology created and manufactured in France has even seduced the Americans thanks to its performance and its suitability to any digital currency. We put the Ledger Nano S at the top of the list because it outperforms the majority of its competition by a country mile. However, what makes the Ledger Nano S stand out as an XRP wallet?

If the Ledger Nano S is so coveted and used by cryptocurrency holders, it is surely thanks to the ease of its use combined with a level of security that is almost impossible to circumvent. You will need to set an eight digit password to access it, and download the Ledger Live application to your device so you can monitor all of your transactions. The only way you can reset the device if you were to lose your password is via a private key consisting of 24 words that are exclusively entrusted to you. It then works like any other wallet, allowing you to keep control of your XRP at any time and anywhere. The device has its own screen and buttons, meaning it can be operated directly.


  • Micro-USB cable
  • 24-word key can be written down offline
  • A lot of different cryptocurrencies can be stored on it

CoolWallet S

L'hardware CoolWallet S

The CoolWallet S is a physical wallet that comes in the form of a card, similar to a bank card. A password is needed to access your XRP which, of course, you will need to keep it out of sight at all costs. The wallet works via a downloadable mobile app (no desktop version available) or by bluetooth functionality. The card does not plug in anywhere, but is activated by a button and a small screen located on it. Its simple to operate and is quite rudimentary:

  • Works with different cryptocurrencies
  • Type wallet addresses in by hand or use QR codes
  • Receives and sends cryptocurrency

This modern product is wireless, which means it can be used anywhere and at any time, plus thanks to its bank card style it’s easy to stick in a traditional wallet. While the bluetooth mode might scare some away due to potential security risks, if you keep the crucial data and access of the card out of sight, funds from the wallet cannot be taken without having the card physically in your hands.

The CoolWallet S is currently the only existing mobile solution for cold storage and costs $99 for one, or two for $159 including postage (correct as of November 2020). Note that there is no price in pounds as the actual charge for the CoolWallet S is made in Taiwanese Dollar (be sure to use a credit/debit card that charges no FX fees). Finally, there will be VAT to pay, plus the Royal Mail handling charge (£8) meaning that ordering one of the CoolWallet S’ could cost you just over £100 (based on a $1 = £0.78 exchange rate). This little card:

  • Revolutionises the world of wallets with its cutting-edge technology
  • Provides flexibility for compelling and novel cryptocurrency management
  • Ensures optimal use anytime, anywhere


Page principale de CoinPayments

This is a cryptocurrency payment website that also allows the storage of your cryptocurrency through its online wallets. This method is similar to the one used by your high street or online bank. The wallets available can accommodate over 1000 different cryptocurrencies, including XRP, and are free to use.

However, there is a commission that can be charged for transactions made through the website’s wallets. One of the main features of the website is that you can pay with cryptocurrencies at 100+ online stores. The worries of storing XRP here would be its reliability, but especially security, as using an online platform exposes you to significant risk. That being said, CoinPayments boasts a ‘safe’ function for its online wallets, which greatly enhances the security of transactions made on/through its website. Another point you will have to factor in is the minimum amount needed in your account to be able to make a withdrawal.

CoinPayments can therefore be used to make online purchases, as well as store your XRP. The platform is easy to use and therefore ideal for beginners who want to build a Ripple wallet without having a cold wallet. Payments are fast and have the maximum enhanced security as well as a strong reputation and visibility. CoinPayments has therefore succeeded in winning over a large number of users, reflected in its third place ranking of our top three best wallets for ripple.

What should you remember when choosing a wallet for XRP?

Ripple, like any other cryptocurrency, needs to be stored securely in a wallet. For holders of virtual currencies it is therefore essential to have a wallet. The ones we have suggested above are, in our opinion, the best for storing your XRP. Of course, there are plenty of different wallets but if security is your main concern, we really recommend the use of hardware wallets.

These physical wallets are principally recommended because of their complete isolation from the internet when not in use. State-of-the-art technology makes the product even more secure, whether it is connected to the internet or not. The Ledger Nano S, for now, is the market leader thanks to its functionality and efficiency. However, we recommend that you make up your own mind by educating yourself as much as you can and by reading up-to-date testimonials from users.

Here are some final tips before you get started:

  • A hardware wallet, such as a paper wallet, should be used with caution, as they are exposed to the risks of loss, destruction or damage
  • If you are not keen on a hardware, external or physical wallet and prefer the use of a desktop wallet, you can install one relatively easily directly onto your hard drive
  • Nevertheless, for large sums, choose a hardware wallet such as the Ledger Nano S

You should find, when doing your own research, that the Ledger Nano S is one of, if not, the best out there… it’s definitely worth paying for.

Owning a wallet to store and save your cryptocurrencies is essential if you want to keep your money as secure as possible. Nowadays, more and more emerging wallets are becoming even more effective, efficient and attractive. Holders of digital currencies are constantly looking for the ultimate storage solution to keep their loot complete secure. As a result, the market is adapting and so are trading platforms, since they are no longer only offering just a currency trading service, but also total management of your crypto assets. If you have some XRP, now you know what to do!


Just your average global millennial embracing, and interested in, the future of money and finance. Excited by blockchain tech as well as fintech but have a special passion for DeFi and Yield Farming, what will this technological disruption bring next?


The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.