Ripple (XRP) remains one of the most popular cryptocurrencies by market capitalization. In recent months, interest in XRP has significantly increased, and many investors are profiting from their investments. If you’re just planning to purchase XRP, you’ll likely have questions:
- Where to safely store XRP?
- Which wallets support Ripple?
- Where is the best place to buy XRP?
If you haven’t decided on the purchase yet, we recommend checking out our review: Best Sites to Buy XRP (Ripple).
Where to Buy XRP?
There are several proven ways to purchase Ripple:
Binance — one of the largest crypto exchanges where you can exchange BTC, ETH, or fiat for XRP. Note: registration may be restricted depending on region.
CEX.IO — an excellent choice if you want to buy XRP directly with a credit or debit card.
Changelly — a convenient service for quickly exchanging BTC, ETH, and other cryptocurrencies for XRP.
After purchase, it’s important to choose the right place to store your coins.
Important to Know Before Choosing an XRP Wallet
Unlike Bitcoin, each new address in the Ripple network requires a reserve balance of 20 XRP. This amount is permanently locked when the address is activated and cannot be withdrawn. Therefore, it’s not recommended to create multiple addresses unnecessarily — you may irreversibly lose up to 20 XRP for each new wallet.
Choose a reliable and convenient wallet in advance to avoid unnecessary losses.
TOP Wallets for Storing Ripple (XRP)
- Ledger Nano S — hardware wallet with XRP support
Ledger Nano S is one of the safest ways to store cryptocurrencies, including XRP. This is a hardware wallet that stores your private keys offline, protecting against hacker attacks. Supports many assets: BTC, ETH, ZEC, Dash, Stratis, and of course, Ripple.
Delivery takes 4–7 days. After receiving, you’ll be able to safely store all your assets, including XRP. - Toast Wallet — free and open wallet
Toast Wallet is a free, open-source wallet developed specifically for XRP. It doesn’t require registration, and you have full control over your private keys. Developers call it “simple enough for grandma, but secure enough for a Swiss banker.”
Available for:
• Android
• iOS
• Windows
• macOS
- Guarda Wallet — multi-platform wallet without key storage
Guarda is a non-custodial wallet supporting XRP and many other cryptocurrencies. It’s available as both a desktop application (Windows, macOS, Linux) and as a mobile and web wallet. Guarda doesn’t store your keys — you have full control over your funds.
- Exarpy — web wallet with minimal fees
Exarpy is a simple and convenient web wallet for XRP. It works directly in the browser and doesn’t require installation. However, it’s worth noting that each transaction incurs a fee of 0.025 XRP, which includes the Ripple network fee.
Can You Store XRP on Exchanges?
Some users temporarily store XRP on exchanges such as Binance or Gate.io, especially immediately after purchase.
Gate.io offers a mobile application and supports XRP trading.
Binance allows quick exchange of BTC or ETH for XRP and even provides a 50% discount on fees for such exchanges.
⚠️ Important: storing cryptocurrencies on exchanges is not recommended for more than 1–2 days. You don’t own the private keys, which means you don’t control your funds. In case of technical failures, hacker attacks, or regulatory problems, you risk losing your assets.
Frequently Asked Questions
Q: Do I need to pay 20 XRP every time I transfer to a wallet?
A: No. The 20 XRP reserve is charged once when first using a new address (including Ledger or paper wallet). For subsequent transfers to the same address, no additional fee is charged.
Q: Can I send XRP directly to Ledger Nano S?
A: Yes, but make sure you send at least 20 XRP to activate the address.
Q: What to do if I lost the 12-word phrase?
A: Unfortunately, it’s impossible to restore access. Never lose your backup phrase — it’s the only way to restore the wallet.
Conclusion
For long-term and secure storage of XRP, we strongly recommend using the Ledger Nano S hardware wallet. If you need a free and simple option — consider Toast Wallet or Guarda.
Remember: your keys, your coins. Store XRP off exchanges, especially if you plan to hold them long-term.
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