Wallet Ripple Review – Enterprise Blockchain Solution for Global Payments?

Wallet-ripple.com looks like a legitimate operation at first glance. It offers Ripple wallet services, and it delivers a perfectly reasonable pitch: make a wallet in the website and start sending and receiving Ripple — considered by many the finest virtual money out there.

Wallet-ripple.com doesn't carry any of the telltale characteristics of cryptocurrency scams, such as exceptionally generous and consistent gains, a pyramid strategy element or crazy claims about how the operation creates its own profits. Everything is very straightforward: just register and use the wallet. All of the above is exactly what makes this in-your-face scam all the more dangerous.

What Is Wallet Ripple?

These days, scams that just take their victims' currencies and run off using the capital are few and far between. Regrettably, with wallet-ripple, we may indeed have occurred upon this type of scam. A user who moved more than 1k Ripples to his newly created wallet-ripple. com wallet never showed up in his account, despite the fact that Ripple transfers are indeed supposed to be instant.

The above said user was kind enough to share with us the wallet address he was delegated by the wallet-ripple system. This address is rUocf1ixKzTuEe34kmVhRvGqNCofY1NJzV.

Having run it via a Ripple blockchain explorer, we all realized that unfortunately, the scam was a very successful one. But now, people are sending Ripples to the above listed address, effectively handing them over to the scammers. Every now and then, 10,000 XRP are transferred out of this address into a different, rLZXZeFSLrcRHngHGoo9PTsyjoSUB4QCd9, which collects the proceeds of the swindle and subsequently moves the capital on, in batches of 300,000 XRP.

Yes, it's tough to believe scams might be this simple and simple, but occasionally a scam is just a straight-up, grab-the-money-and-run setup, with no of the usual bells and whistles.

About Wallet Ripple

The About Us section of this wallet-ripple.com site provides no information about the people/organization behind the operation. The contact section does include an email address however: [email protected]

Wallet Ripple Complaints

Reddit seems to be the primary station for wallet-ripple sufferer complaints. The community comments generated with these complaints is scathing: individuals are very straightforward about phoning this shindig a bold-faced scam..

Wallet Ripple Conclusion

Aside from the direct damage they do, such daringly simple scams give the entire crypto business a bad name. Steer well clear of the operation, and don't have any Ripples moved into the address they provide you.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

VeChain Joins China Animal Health and Food Safety Alliance (CAFA)

VeChain has joined the China Animal Health and Food Safety Alliance (CAFA) as one of its council members and will be providing them technical...

Coinbase Pro to Pass the Rising Network Fees Onto The Customer During Withdrawals

The launch of UNI, the governance token of Uniswap DEX, is having a big impact on the Ethereum network. The good thing is the price...

Homeland Security Calls On Freelancers to Design A Digital Wallet Interface; $25k to Finalists

The Science and Technology Directorate (S&T) division of the US Department of Homeland Security has allocated up to $25,000 in prizes as an...

BoE Explores Negative Rates; Bitcoin Is A ‘Must' Because Fiat is a ‘Giant Ponzi Scheme'

The Bank of England (BoE) is exploring negative interest rates now and in response Sterling weakened sharply. The pound dropped 0.7% against the dollar after...

Nexus Mutual Sees Active Cover Growing 10x, Now Token Price ‘Directly Linked to Adoption'

“DeFi is developing faster than you can say ‘protect me from the risks in DeFi’,” said Kayleigh Petrie, Director of Engagement at Nexus Mutual,...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today