Ripple Labs is an open source, distributed global payment network built on blockchain technology. It was also established back in 2012 by Chris Larsen (CEO) and Jed McCaleb (CTO). With Ripple, fiat and digital currencies can be transferred from one wallet address to another in a matter of seconds.
The XRP token is the native cryptocurrency of Ripple Labs. By market capitalization, Ripple (XRP) is ranked as the 3rd largest ranked crypto in the world. In addition to this, Ripple Labs speedy fiat and cryptocurrency transfer has earned it a global reputation as a reliable payment network. There are several Ripple wallets to choose from, and these wallets allow you to;
- Safely and securely store up your fiat or cryptocurrencies.
- Seamlessly transfer and receive money.
Users should note that to set up and activate your Ripple address; you will need to have XRP in your Ripple wallet. This is standard practice for many of the Ripple wallets available. In this article, you will get to know 5 of the best Ripple wallets available in 2018.
The Ledger Nano S
The first Ripple wallet under review is the dynamic Ledger Nano S hardware wallet. This Ripple wallet looks and acts in the same way as a typical USB or flash drive device. The popular Ledger Nano S can be plugged to the USB port of a laptop or desktop computer. It is also compatible with Windows, Mac, and Linux operating systems (OS). Furthermore, Ledger Nano S fully supports many cryptocurrencies including; Bitcoin, Ethereum, Litecoin, and Ripple XRP.
As a Ripple wallet, Ledger Nano S is one of the best. Apart from the reasons already highlighted, it also offers users a very high level of security. The security features of this wallet consist of a secure PIN code as well as backup and data recovery functionalities. Ledger Nano S comes with an in-built OLED display screen. By double tapping the display button, you will be able to view details of your transaction on the OLED screen. With the Ledger Nano S, your XRP tokens can be easily tracked on a blockchain network.
The Toast Wallet
The Toast wallet is a distributed, open source Ripple XRP wallet. Toast wallet is a highly secure wallet and comes with a simplistic user interface. It is also compatible with a number of mobile and desktop devices using Android, iOS, Windows, Linux, and Mac OS. Users will be able to hold their XRP tokens on every one of their devices.
Toast wallet comes with a secure PIN code to prevent unauthorized user access. For added user security, this wallet is equipped with a reliable data backup/recovery function. These features and many more make Toast wallet one of the best Ripple wallets available.
The Guarda Ripple Wallet
Guarda is a dependable, secure and highly compatible Ripple wallet. It comes as a user-friendly, simplistic and lightweight wallet that supports a huge number of digital assets. Guarda is seen as one of the top Ripple wallets for users of iOS and Android devices. What makes Guarda is a secure wallet is that it does not store private keys, wallet data or even client details.
The highly secure memory of the device stores a user’s private key, and this is deleted once users log out from their Guarda wallets.
What’s more, Guarda is a discreet Ripple wallet that allows users to seamlessly exchange cryptocurrencies. The crypto exchange also takes place without the need for any verification or KYC procedures.
The GateHub Wallet
The GateHub wallet is one of the best Ripple wallets to get in 2018. It offers a simple, easy to use interface and supports XRP and supports other cryptocurrencies. Some of these cryptocurrencies include; ETH, QAU, ETC, DASH, REP, and XAU. With GateHub users can store, receives-use and send their digital assets.
Users are also able to use GateHub to trade both fiat and precious metals such as Gold or Silver. Some of the fiat currencies that can be received and sent using GateHub include; Euro, USD, and INR. In the process of setting up an account with GateHub, users would need to provide their personal data. This is for security reasons, and GateHub also offers a two-way authentication mechanism for added user security measures.
The Cryptonator Ripple Wallet
Cryptonator is a web-based Ripple wallet that is available to users on Mac, Windows and Linux OS. Users can also manage this Ripple wallet every hour and on a daily basis. Cryptonator supports more than 18 different digital assets such as XRP, Litecoin, Dash, Bitcoin, Zcash and Ethereum. Apart from supporting a host of altcoins, what also makes Cryptonator one of the best Ripple wallets around is its highly interactive and simplistic user interface.
It also offers an instantaneous and free crypto exchange functionality while being equipped with top security features. Users can expect a two-way authentication security procedure, encrypted SSL and firewall technology as well as highly trusted IP addresses.