Unlike the Bitcoin wallets wich are free, Ripple wallets require you to have 20XRP to book your wallet address. So, you don’t want to be using more than 1 wallet.
Gatehub is a Ripple coin wallet which has been mentioned on the official website of Ripple coins known as Ripple lab. It is one of the most trusted Ripple wallets because Ripple coin has mentioned it in the list of their wallets where they are offering different features on the website.
The main feature that GateHub is offering is easy management.
This is a multi-crypto currency wallet which allows you to store digital currency online. On one account you can store XRP and many other popular Cryptocurrencies and upcoming altcoins.
It is based in Brazil. Some prefer to use this wallet due to no rule policy, because Ripple is not registered under any government rules there. There is a Rippex wallet mobile application which works on all operating systems.
Ledger Nano S
Another hardware wallet where XRP is stored offline directly on the device. Whenever you want to spend XRP, Ledger Nano S signs it using the private key stored on the device.
This is a free open source XRP Wallet for Windos, Mac, Linux, iOS and Android. It’s a cross-platform Ripple wallet and it is simple to use.
Is a free crypto currency application. It supports any crypto currency and is supported with anyone and anywhere.
Ripple is stored in special wallets that consist of private and
public keys (see above). There’s a huge number of cryptocurrency wallets with
different features and it’s hard to recommend one that would cover all your needs.
Let’s see the major differences between various wallets.
They represent the so-called cold wallets, meaning they operate offline - unless a payment needs to be made. Hardware wallets store your private keys on a storage medium, and usually connect to a computer via USB to make a payment transaction, after entering a pin. Easy to use with a high level of security. The best Ripple hardware wallets are Trezor Model T, Ledger Nano S.
You can download and install these on your computer. They will only work and be accessible on this single computer. They are among the most secure wallets, unless your computer gets hacked or attacked by a virus. The best desktop Ripple wallets are Ledger Nano S, Ledger Blue, Gatehub.
Online wallets run on a server and can be accessed from any device at any location. They are the most convenient to use, but remember that your private keys are stored online and with a third-party - the probability of hackers’ attacks and theft is higher. The most reliable online Ripple wallets are CoinSpot, Bitinka, SatoWallet.
These don’t offer as much functionality compared to desktop wallets, however their convenience lies in the fact that you always have the wallet with you and can use it anywhere, e.g. to pay at a retail store. The best mobile Ripple wallets are CoinPayments, CoolWallet S, DigitalCoinsExchange.
Although it sounds strange or even funny to talk about paper wallets in connection
with a digital currency, they exist - in the form of printed-out private and public
keys. Because of their physical (and offline) nature, they provide a very high level
of online security.
Which Ripple Wallet Should I Use?
There’s no single answer. It is best to realize what is the desired purpose of the
wallet. If you want to use it to regularly pay and receive small amounts
of Ripple, then mobile or online wallet makes sense due to their
ease of use. If however, you want to use the wallet to hold a
small Ripple fortune then security should be your priority. The
range of devices you use the most often will also help determine what wallets are
best for you, as there is at least one for each type of device.
It is best to approach Ripple wallets as you would your regular money
- cash and credit card is used for small payments (hot wallets-mobile), while your
savings sit securely in a saving account (cold wallet-hardware), or spread out in
several investments. Choosing a wallet which makes the private key with which you
dispose of your cryptocurrency visible only to you is most important. Our top picks
for Ripple would be Trezor Model T and Ledger Nano S for a
secure storage of your private keys.
How do I get a Ripple address?
Getting a Ripple adress is easier than it looks. For this you will
need to set up a Ripple wallet of your choice. Check out our wallets
section for advice on which type of wallet will suit you best. Once you've set up a
wallet, for receiving or sending coins your wallet client will each time generate a
unique Ripple adress.