Ripple’s XRP continues to gain traction as a leading digital asset, especially with innovations like Federated Sidechains expanding its use cases into decentralized applications (DApps) and non-fungible tokens (NFTs). Choosing a secure and functional wallet is essential for managing your XRP holdings. This guide covers the best software and hardware wallets available, emphasizing security, usability, and functionality.
Understanding XRP and Ripple
XRP is the native cryptocurrency of Ripple, a blockchain-based digital payment network designed primarily for the financial services industry. Launched in 2012 by OpenCoin, Ripple aims to facilitate fast, low-cost international money transfers through RippleNet, a platform now used by over 200 banks and payment providers.
Unlike proof-of-work (PoW) or proof-of-stake (PoS) blockchains, Ripple uses a unique consensus protocol involving a network of bank-owned servers to confirm transactions. This allows for extremely quick settlement times—often just seconds—and minimal transaction fees. It’s important to note that all XRP tokens were “premined” at launch.
Should You Keep XRP on Exchanges?
Many online sources suggest storing XRP on exchanges like Binance, Kraken, or Coinbase. However, the foundational principle of cryptocurrency remains: "Not your keys, not your coins." When you create a wallet, you generate a private key and a public key. The private key, often represented as a recovery phrase, acts as your digital signature and proves ownership of your assets. If this key is lost or stolen, you risk losing your funds.
On exchanges, you don’t control your private keys. The platform manages them, meaning they can suspend or close your account at any time. For true security and ownership, self-custody wallets are strongly recommended.
Hot Wallets vs. Hardware Wallets
XRP hot wallets are software-based applications—desktop or mobile—that are connected to the internet. They are free to install and provide a recovery phrase for backup. However, since they operate online, they are vulnerable to hacking, phishing, and other cyber threats. Your security also depends on the developer’s expertise and the software’s reliability.
XRP hardware wallets, or cold wallets, are physical devices designed to keep your cryptocurrency secure. They store private keys offline, away from internet-connected devices. Transactions are signed internally, and the recovery phrase is displayed on the device itself, ensuring it never touches the internet. These wallets are compatible with various software interfaces for ease of use.
👉 Explore secure wallet options
Top 6 XRP Wallets for 2025
Here are the best XRP wallets for security, functionality, and user experience:
Ledger Nano X – Best Hardware Wallet
The Ledger Nano X is a leading hardware wallet known for its robust security and wide compatibility. It works with Windows, Linux, macOS, iOS, and Android devices. Using the Ledger Live app, you can sync your wallet across multiple devices and manage over 5,500 cryptocurrencies, including XRP.
Key features include Bluetooth connectivity for mobile users, built-in staking, swapping, and lending options, and the ability to purchase gift cards securely. The device ensures all transactions are signed offline, keeping your private keys safe.
Price: €149.00
Trezor Model T – Best for Security
The Trezor Model T is a high-security hardware wallet with a user-friendly color touchscreen. It supports over 1,300 cryptocurrencies and integrates with the Trezor Suite app for desktop and web. While it doesn’t yet support iOS, it works seamlessly with Windows, Linux, macOS, and Android.
The Model T allows direct XRP transactions without third-party software, displays real-time price changes, and receives regular firmware updates. Its emphasis on transparency and security has made it a trusted choice since its predecessor launched in 2014.
Price: €219.00
SafePal S1 – Best Air-Gapped Hardware Wallet
The SafePal S1 is an affordable, air-gapped hardware wallet that uses QR codes for completely offline transaction signing. It supports over 10,000 tokens across 20 blockchains and includes a 1.3-inch color screen for easy navigation.
This wallet features a self-destruct mechanism to protect against physical breaches and offers integrated swapping and DApp exploration. Backed by Binance Labs, it provides excellent value for its price.
Price: $49.99
Atomic Wallet – Best Free Desktop Wallet
Atomic Wallet is a versatile multicurrency software wallet supporting Windows, macOS, Linux, iOS, and Android. It allows users to buy, swap, and store XRP and over 300 other cryptocurrencies. Users can purchase XRP with a credit card and earn AWC tokens as rewards.
Its non-custodial nature means you retain full control over your private keys, and all data is stored locally on your device.
Exodus – Best Free Multicurrency Wallet
Exodus is a user-friendly software wallet compatible with desktop and mobile devices. It supports over 100 cryptocurrencies, including XRP, and allows portfolio tracking, built-in exchanges, and synchronization between devices.
The desktop version integrates with Trezor hardware wallets for added security, making it a great option for both beginners and experienced users.
Trust Wallet – Best Free Mobile Wallet
Trust Wallet is a mobile-exclusive software wallet popular among DeFi and Binance Smart Chain users. It supports XRP, including pegged tokens like XRP BEP20 and XRP ERC20, and features a built-in DApp browser and credit card purchasing options.
As a non-custodial wallet, it ensures users control their private keys while providing a seamless mobile experience.
Frequently Asked Questions
What is the safest way to store XRP?
Hardware wallets like Ledger Nano X or Trezor Model T offer the highest security by keeping private keys offline. They are immune to online hacking attempts and provide full user control over assets.
Can I earn rewards with my XRP holdings?
Some wallets, like Atomic Wallet, offer token rewards for certain activities. Additionally, staking or lending features may be available through integrated services in wallets like Ledger Live.
Is it necessary to use a hardware wallet for XRP?
While not mandatory, hardware wallets are recommended for significant holdings due to their superior security. For smaller amounts or frequent transactions, reputable software wallets may suffice.
How do I transfer XRP from an exchange to a wallet?
Withdraw XRP from your exchange account to your wallet’s public XRP address. Always conduct a test transaction with a small amount first to ensure accuracy.
What happens if I lose my recovery phrase?
Losing your recovery phrase may result in permanent loss of access to your funds. It must be stored securely offline, such as on a metal backup sheet or in a safe.
Are software wallets free to use?
Most software wallets are free to download and use. However, transaction fees (e.g., network gas fees) still apply when sending or exchanging cryptocurrencies.