6 Best XRP Wallets [Cold & Hot Storage] in 2024 | CoinCodex (2024)

The XRP Ledger is a distributed ledger network that allows users to make digital asset transactions at very quick speeds and negligible costs. The native asset of the XRP Ledger is XRP, a cryptocurrency that commands a market capitalization north of $25 billion.

Since XRP is one of the most popular cryptocurrencies on the planet, it’s no surprise that plenty of users are looking for the most effective way to store and transact with their XRP coins. In this article, we will go through the best XRP wallets available on the market, highlighting both cold and hot storage options.

The best XRP wallets in 2024

Our list includes both hot and cold wallets for XRP. To better understand the difference between these two types of cryptocurrency wallets, make sure to take a look at our article comparing hot wallets vs. cold wallets.

1. Ledger – The best cold wallet for XRP

Ledger’s hardware wallets are our top choice when it comes to XRP cold wallets. Ledger devices are relatively affordable and provide a very high degree of security for your XRP holdings.

Ledger’s hardware wallets support more than 500 different cryptocurrencies, and feature a Secure Element with an EAL5+ certification.

The reason why hardware wallets such as Ledger’s devices are so effective at protecting users’ cryptocurrency is that they securely store private keys without exposing them to potentially vulnerable devices (such as your desktop computer or mobile phone). When you connect your hardware wallet to your desktop computer or mobile phone, the hardware wallet only signs the transaction, but doesn’t reveal the private keys.

When connecting your Ledger to another device, you can use it with Ledger’s own Ledger Live software, or connect it to other XRP wallet software that supports Ledger devices.

Both the Ledger Nano S Plus and the Ledger Nano X are excellent choices for XRP holders. The main difference between the two is that the Nano X supports Bluetooth connectivity, while the Nano S Plus can only connect to devices via an USB cable.

2. Trezor Model T – Open-source alternative for XRP cold storage

The Trezor Model T is a wallet from Trezor, a highly reputable developer of open-source hardware cryptocurrency wallets. The Model T is the most advanced wallet model offered by the company, and features a colorful touchscreen display that streamlines the user experience compared to most other hardware wallets.

The Model T supports the Shamir Backup security standard, which allows users to split their backup into multiple recovery shares. Users can decide on the number of shares required to reconstruct their private keys.

For example, you could distribute several shares among trusted individuals and store additional shares in various secure locations. This strategy makesit highly unlikely for all shares to be compromised or destroyed simultaneously.

We should mention that the Trezor Model One, which is the most affordable device in Trezor’s range of hardware wallet, does not support XRP. If you want to store XRP and want a Trezor hardware wallet, you’ll have to opt for the company’s flagship model, the Trezor Model T.

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3. Tangem – XRP cold wallet with a credit card form factor

Tangem is one of the most unique cold wallets on the market, mainly because it resembles a credit card and lacks a display. This wallet is designed to operate with NFC-enabled devices like smartphones.

Despite its minimalist design, Tangem is quite versatile, supporting over 6,000 crypto assets across 30 different blockchain networks, including XRP. It meets the high-security EAL6+ standard and has been audited by Kudelski Security.

Tangem wallets are typically sold in packs, which allows users to maintain multiple backups; these packs can include up to three cards.

The Tangem wallet is an interesting choice if you like the form factor and portability. It’s also arguably easier to use than hardware wallets with awkward button interfaces and small screens. Notably, Tangem also offers a replacement warranty that applies for more than 25 years.

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4. Xaman – The best hot wallet for XRP

Xaman is a wallet that is specifically designed for the XRP Ledger, which makes it a great choice for dedicated XRP users. Xaman is a non-custodial wallet, which means that the user has control over their private keys and doesn’t need to trust any third party to store them securely.

You can use the Xaman wallet to securely store and transact with your XRP coins, or even access more advanced functionality such as the built-in decentralized exchange feature of the XRP Ledger.

The Xaman wallet makes it easy to create multiple accounts on the XRP Ledger and manage all of them with a single wallet instance. The wallet also simplifies the process of using tools and applications that are powered by the XRP Ledger.

If you’re looking for a software wallet that offers the best support for XRP possible, Xaman is likely the best option on the market. If you would also like to store other cryptocurrencies, however, it’s best to look elsewhere.

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5. Trust Wallet – A popular multi-currency wallet with XRP support

Trust Wallet is one of the most popular multi-currency crypto wallets available on the market today. The wallet is best known for supporting a truly impressive range of different cryptocurrencies, including XRP. This unparalleled flexibility means that regardless of which cryptocurrencies you’re investing in, chances are you’ll be able to store all of them within Trust Wallet.

Trust Wallet includes advanced security measures such as biometric authentication, PIN code protection, and encrypted storage to help protect user assets. The wallet also doesn’t collect or sell any personal information from users.

The wallet implements a non-custodial design, which means that you retain full control over the private keys necessary to access your cryptocurrency. Of course, this also means that you have the responsibility to keep your private keys safe.

If you’re tired of hopping between wallets to access different cryptocurrencies, Trust Wallet could be a great option for you as it will likely allow you to manage all of your crypto holdings in one place.

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6. GateHub – Crypto wallet with strong XRP support and extra security features

GateHub is a well-known company in the XRP ecosystem, and it offers a multi-currency wallet that’s focused on XRP and XRP Ledger ecosystem tokens. The GateHub Wallet also provides native support for trading on the XRP Ledger’s built-in decentralized exchange, a feature that’s absent from many other wallets that support XRP.

The GateHub Wallet is available on desktop devices, as well as mobile devices using the iOS and Android operating systems.

Users who are willing to pay a subscription fee can access Wallet Protect, a crypto insurance solution that allows users to be reimbursed in case their cryptocurrency gets stolen. Wallet Protect subscribers also benefit from additional security provided by a multi-signature wallet setup.

In addition to supporting XRP and assets issued on the XRP Ledger, the GateHub wallet can also be used to store and transact with a variety of other cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Flare and many others. So, if you’re primarily an XRP investor but also hold other cryptocurrencies, GateHub wallet is a compelling option to consider.

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The bottom line

XRP holders have access to a wealth of options when it comes to the best XRP wallets. Our list, which includes both hot and cold wallets for XRP, includes great wallet options for any XRP investor.

If you want to learn more about the XRP ecosystem, make sure to check out our article highlighting the best XRP airdrops.