XRP has become the talk of the crypto industry, and for good reason. After facing a lawsuit for three years, the fourth largest crypto asset came out victorious following a ruling declaring it as not a security.
As a result of the ruling, XRP rose from the sixth position to the fifth, and now the fourth largest cryptocurrency, attracting a lot of attention. Even before the ruling, XRP has shown strength and the ability to outperform several assets in spite of the court case.
The ruling has only increased its popularity among investors and also proven that XRP has great potential. Apart from all of this, XRP is likely to reach a new dimension of growth if it wins in the trial that is to come to confirm that it is not a security.
With such a victory, experts say XRP may outperform more top crypto assets and see astronomical growth. If this happens, you want to have the asset already stashed up in your wallet before it goes up. Here are the best wallets you can use to store your XRP.
Ledger Nano S
You may have heard that cold wallets are the best for securing crypto assets. Well, that is true, and Ledger nano S is one of the best. It is a hardware wallet created by security company Ledger, and supports a large number of digital assets including XRP.
While Ledger has an app known as Ledger Live that you can use to interact with its hardware wallets, you can also use Ledger Nano S with a number of hot wallets including Metamask. If you’re an investor looking to buy and hold XRP for the future, this wallet is the best to use.
eToro is mostly known as a famous social trading platform, but the company also has a crypto wallet bearing the same name. It is a wallet you can access right on the eToro dashboard, as well as through the app.
As the wallet is completely different from the exchange, you don’t need to have an eToro account to use it. As the exchange is regulated however, so is the wallet, making it a secure alternative to use with features such as “unlosable” private keys.
Coinbase wallet is known for its simple and plain design that makes it ideal for beginners. The wallet is separate from the Coinbase crypto exchange, making it a standalone wallet you can use without owning an account on Coinbase exchange.
The wallet supports a long list of crypto assets including XRP, so it is a great option if you are a beginner investor trying to gain exposure to XRP. Also noteworthy is Coinbase’s high security which ensures that crypto assets are safe at all times.
The only drawback with Coinbase is that its fees can be high, which can be discouraging to users. Other than this, it is an excellent wallet for investors just starting out, or trying to add XRP to their crypto portfolio.
Exodus
Exodus is a leading crypto wallet that supports hundreds of assets, one of which is XRP. The wallet exists as a desktop and a mobile wallet app for both Android and iOS devices. You’ll find many interesting features on this wallet which you’ll enjoy.
Because of its priority for security, Exodus wallet keeps releasing new versions of the wallet almost on a daily basis, ensuring that your investment is safe. The wallet also supports hardware wallets such as Ledger Nano S, so you can use it to transact with XRP from such hardware wallets.
Once created, you will only need a password to log into the wallet and carry out transactions with your XRP. Indeed, it is one of the best hot wallets for storing your XRP, but it is somewhat difficult to navigate if you’re not experienced with crypto wallets.
These are the best XrP wallets you can use to keep your XRP if you’re considering buying the asset for the future.
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