You need a wallet to send or receive any cryptocurrency like Bitcoin or Ripple. But not every wallet available is the best choice. There are some critical differences between the wallet types that Ripple holders should understand to keep their XRP safe.

In this guide, we'll cover everything you need to know about Ripple wallets. We'll also take a look at some of the best Ripple wallets available in each category.

Ripple Wallets: Summary

A wallet is a program or piece of hardware that stores private keys used to interact with the XRP blockchain. These private keys are needed to send and receive tokens. If anyone gains access to these private keys, they have full control of your account.

It is essential to keep your private wallet keys secret and safe in a physical wallet. The Ledger is a popular physical device that supports most major cryptocurrencies, including Ripple. Other supported cryptocurrencies include BTC, ETH, BCH, EOS, XLM, LTC, and many more.

Top wallets from each category:


Hardware Wallet


Desktop Wallet


Mobile Wallet

What is a Ripple Wallet?

A wallet is a program for interacting with the Ripple blockchain. It allows the sending, receiving, and storage of Ripple tokens. Wallet programs are available in many forms, including desktop, mobile, paper, and hardware (safest wallet).

Cryptocurrency assets work much like email and need a place to be stored so that they can be sent and received. Your wallet is a unique address to receive these tokens. It can be shared with anyone to send and receive XRP.

The password for the wallet is your private key. This key is randomly chosen, and should be kept offline, never stored on a computer or phone. A secure hardware wallet like the Ledger wallet is the recommended way to hold Ripple.

What is a Private Key?

The private key is a long string of characters that serves as the password for your wallet. The private key is needed each time you want to send Ripple to someone else.

A wallet creates, stores, and uses the private key to interact with the XRP blockchain. There are two different types of wallets, considered hot and cold wallets. 

Ripple Wallet Types

There are 2 types of wallets - Cold Storage & hot wallets.

TYPE 1: Cold Wallets (Safe & Secure)

A cold wallet is a cryptocurrency wallet that is not attached to the internet in any way. That means it is not stored on a device with an internet connection. Cold storage wallets include hardware wallets and paper wallets.

Hardware wallet

A hardware wallet is a physical device that resembles a flash drive. The device can be connected to your computer to send, receive, and check your Ripple balance. Hardware wallets have no internet connection and cannot be hacked. It is considered the safest method of storing Ripple for the long-term.

Hardware wallets must be plugged into a computer to send or receive XRP with the accompanying software. Many cryptocurrency holders rely on them as a balance between security and ease of use. Ledger is the most secure and affordable hardware wallet currently available.

Different types of hardware wallets available.

Paper Wallet

A paper wallet is an offline private key or seed phrase stored on paper. These wallets are very secure against online attacks, but they are vulnerable to being physically stolen. Paper wallets should be stored with the same care you would take with cash.

Paper wallets can only be used to store assets. If you want to send funds from a paper wallet, the private key needs to be inserted into a device or desktop/mobile wallet. Therefore it's still recommended to use a hardware wallet such as ledger for more security.

An Example of a paper wallet

TYPE 2: Hot Wallets (Convenient BUT Unsafe)

A hot wallet is one that is connected to the internet. These wallets can be installed on computers, smartphones, or part of the exchange where cryptocurrency is bought.

Hot wallets are the most popular type of XRP wallet; however, they are the least secure. These wallets can easily be hacked compared to cold wallets.

Desktop Wallet

A desktop wallet is one that is installed on your computer. The core Ripple desktop wallet also installs the full Ripple blockchain. It is important to install a desktop wallet on a computer that is free of viruses and other malware.

Mobile Wallet

A mobile wallet is one installed on your smartphone. The private keys to the wallet are stored on your device. Mobile wallets often feature a desktop counterpart that can be synced for an extra layer of security. However, mobile and desktop wallets should not be used to store a large amount of Ripple. 

Web Wallet

A web wallet is one issued to you by a crypto exchange or another website. Some mining pools issue web wallets to pool individual earnings until payout is reached.

Web wallets are the least secure type of wallet. The owners of the site owners the private key to the wallet. That means hackers could maliciously transfer any tokens without needing your approval.

The Best XRP Wallet?

The most secure wallet for XRP ripple would be a hardware wallet by ledger. Get it straight from the manufacturer below.

Ledger Nano X - The secure hardware wallet

Make Money Trading Crypto

Join thousands of successful students online!