You probably don’t know this, but if you’re new to buying cryptocurrencies, chances are that you could be on the verge of being robbed without even knowing it.
You see, when most beginners buy Ripple, they typically tend to leave them on the exchange hoping they are safe and secure. Well, you couldn’t be more wrong about that. A quick search on google about hacked exchanges will provide you with so many cautionary tales.
You see, smart and seasoned crypto investors understand the risks involved in storing their Ripple coins on the exchange. If anything, they tend to move them to safe hard and software wallets where the security of their coins is better guaranteed and within their control.
Like it or not, a quick hack of your favorite exchange could mean goodbye to all your Ripple and any other cryptocurrencies that you were either trading or holding for value. Don’t be a cautionary tale. Make the smart move and invest in the best Ripple wallets designed to keep your Ripple safe from hackers and cyber thieves.
There are generally four types of wallets for Ripple (XRP). These include:
- Hardware wallet
- Android wallet
- iOS wallet
- Desktop wallet
While each of these wallets have their pros and cons, the general consensus is they are great for keeping your Ripple and other cryptocurrencies safe, and far better than just leaving your Ripple on the exchange. Let’s take a quick look at the best wallets for storing Ripple across all categories.
Top Hardware Wallets For Ripple
There are actually two top hardware wallets that are perfect for storing your cryptocurrencies as a whole.
These hard wallets are used for cold storage –means storing them where they aren’t connected to the internet- and meant to help ensure that you never get your coins stolen.
Just makes sure that you keep them safe and not lose them. The two best hardware wallets for cryptocurrencies are:
- Ledger Nano S
Of these two, only the Ledger Nano S is suited to storing your Ripple cryptos, essentially making it the best hardware wallet for Ripple. This costs about $65 to buy and is readily available on Ledger’s website.
Ledger Nano S is about the best cold storage wallet for Ripple and is great for those looking to hold on to their Ripple for a long time. With this, you will add an extra security layer to your Ripple, thus keeping them out of the reach of hackers and cyber thieves who can easily steal them by deploying malwares to your PC.
Most crypto traders don’t move their cryptos to their hardware wallets because they need them on the exchange where they can easily retrieve and trade them. This hardware wallet is best for investors and long term “hodlers”. For more information on the Ledger Wallet, visit ledgerwallet.com/.
Top Desktop, iOS And Android Wallet To Store XRP Cryptocurrency
For iOS and android phone users who would like to carry their Ripple with them wherever they go, the best android wallet for Ripple is the Toast Wallet.
With this, it is incredibly easy to send Ripple from your soft wallets or exchange accounts to your device so you can carry it around with you. Please note that this has its attendant risks and could cost you a lot if you lose your phone.
What we recommend is send some of your Ripple to your android phone like you would withdraw some cash from your account, instead of walking around with all your money.
The same goes for your PC. You can install Toast Wallet on your PC and run it. It’s pretty straightforward and easy to use. If you need more information on Toast Wallet, check out their website on toastwallet.com/.
Where Can You Buy Ripple?
Now that you have set up your Ripple wallets, it’s time to go buy some and send to the wallet. The simplest and easiest place to buy Ripple is on most popular exchanges. Some top exchanges include Binance, Coinbase, Changelly, and Coinrail.
However, you will not be able to buy Ripple directly with your credit or debit cards. The easiest way to do this is simply buy some Bitcoins or Ethereum and then exchange them for Ripple on any of these platforms.
Most of the time, you can buy bitcoins and ethereum with your card directly in the US. The most popular exchange platform to do that on in the US is Coinbase.
If you live in the EU, you can use Bitpanda or localbitcoins.com. The first is a brokerage service that sells to Europe residents. You can also buy bitcoins or ethereum from here using your Skrill account –Paypal doesn’t work yet.
The second works pretty much anywhere in the world. You will just look for people who want to sell bitcoins or ethereum in your local area, meet up with them in a public place, pay them and get your bitcoins or ethereum transferred to your wallet. Simple, straightforward and easy.
People from other parts of the world –Asia and Africa- can buy bitcoins or ethereum on Coinmama and exchange them for Ripple on their exchange platform of choice. If you are interested in just buying with cash or cards, there’s no direct way to do that for now. It might change in the future, but not now.
Best Ripple XRPvHardware Wallets Conclusion
That’s pretty much everything there is to know about Ripple wallets as well where to buy Ripple. If you follow these simple steps, you would be able to able to buy and store your Ripple in a very short time.
Remember, now is the best time to get into the crypto game. Once the market stabilizes, you will be kicking yourself for not getting in earlier. Don’t be like the Pizza guy who threw away 10,000 bitcoins a few years ago simply because he had no imagination or faith.
If he’d kept that he would be a crypto millionaire today. Go buy Ripple today while it’s still cheap. It’s one of the most viable cryptocurrencies in the market.