As of right now (May 2017), XRP is one of the best cryptocurrencies to invest in.
If you are planning to buy Ripple (XRP), you may have a couple questions:
- Where should you store XRP?
- What wallet supports XRP?
- How to buy XRP?
In this guide, I will help you understand everything you need to start holding XRP.
I have also shared some of the best XRP wallets in the market that are safe, secure, and trusted by other cryptocurrency enthusiasts like you.
Let’s start with where can you get XRP…
Where can you buy XRP?
There are many places from where you can get XRP.
The best way is to buy Bitcoin & exchange them for Ripple.
- Changelly & ShapeShift are two popular websites to exchange BTC (or other cryptocurrencies) for XRP. Personally, I’m a big fan of Changelly.
- Another method is to use an exchange like Poloneix & buy XRP using Bitcoin or USD.
- You can also buy XRP from Bitstamp.
- Other exchanges which support buying Ripple are Kraken, Coinone (Korean), Bitso, and Coincheck.
Once you have finalized the way you want to get XRP, the next thing to figure out is where to store them.
XRP Wallets: Best Wallet For Ripple Cryptocurrency
Before I share about top wallets for XRP, you need to know one important thing:
Unlike Bitcoin wallets which are free, Ripple wallets require you to have 20XRP to book your wallet address.
So if you add 1000 XRP to your Ripple wallet, 20XRP will be used to book the wallet address. This is one reason you don’t want to use multiple wallets for XRP (unless required).
Pick the right wallet from day one so that you don’t end up losing 20XRP on various wallet addresses.
Do remember, there are various kinds of cryptocurrency wallets & you can read more about them here.
Ledger Nano S is a hardware wallet that has recently added support for XRP.
Being a hardware wallet, it is one of the best ways to store your crypto currency as it offers great security, ease of use, and you can carry it with you anywhere.
I recommend Ledger Nano S as it supports many popular cryptocurrencies including:
Dash, BTC, ETH/ETC, Stratis, Zcash, and now it supports XRP.
You should order it from the official site here & it will take 4-7 days to have it delivered to your doorstep.
Once you have it, you can check out our Ledger Nano S video library to learn how to start using the Ledger Nano S.