How to create XRP wallet | Coin Wallet (2024)

XRP is the native token and the ticker symbol of the XRP Ledger. Ripple is a fintech company offering a global payment solution through its patented RippleNet, built on Ripple's XRP Ledger in 2021. It connects banks, payment providers, and digital asset exchanges, enabling real-time settlements and lower transaction fees.

How to create XRP wallet | Coin Wallet (1)

To fully own XRP, first create a new Coin Wallet account. Coin Wallet is a software wallet that only keeps your private key on your device. It allows you to purchase, sell, exchange, receive, and store XRP.

How to create XRP wallet

1. Install Coin Wallet on your computer or device (Windows, Linux, macOS, iOS, or Android). You can also open the web app directly in your browser.

2. Select "Create New Wallet" by clicking on it.

How to create XRP wallet | Coin Wallet (2)

3. Click "Generate Passphrase".

How to create XRP wallet | Coin Wallet (3)

4. You must write down and store your twelve-word passphrase in a secure location. Read the Terms of Service to make sure you agree to everything.

How to create XRP wallet | Coin Wallet (4)

5. After you've entered two passphrase words, click "Confirm."

How to create XRP wallet | Coin Wallet (5)

6. Create a PIN for easier access. Only this device will accept this PIN.

How to create XRP wallet | Coin Wallet (6)

7. Turn on biometric authentication to avoid entering a PIN.

How to create XRP wallet | Coin Wallet (7)

8. The process is now finished. Following a brief break, the main screen will appear. Pick XRP from the cryptocurrency list.

How to create XRP wallet | Coin Wallet (8)

9. To see your XRP wallet address, go to the "Receive" page. Use it to get XRP.

How to create XRP wallet | Coin Wallet (9)

Please contact [email protected] if you have any questions.

Frequently Asked Questions

How do I get an XRP wallet address?

Open your Coin Wallet. Select XRP from the list. Click on the “Receive” button.

Does XRP have its own wallet?

No, XRP does not have an official wallet.

What is the best XRP wallet?

Xumm and Coin Wallet are the top two XRP wallets. A full list of the best XRP wallets in 2024 is located here.

How to create XRP wallet | Coin Wallet (2024)

FAQs

How to create XRP wallet | Coin Wallet? ›

The process is simple:

Select “Create new wallet”. You will be given a unique passphrase. This is your only way to access your wallet. This information cannot be retrieved if lost, so it is essential to record it in a secure place.

How do I create an XRP wallet? ›

The process is simple:

Select “Create new wallet”. You will be given a unique passphrase. This is your only way to access your wallet. This information cannot be retrieved if lost, so it is essential to record it in a secure place.

Which wallet is best for XRP? ›

Here are the best wallets for XRP:
  • Ledger – The best cold wallet for XRP.
  • Trezor Model T – Open-source alternative for XRP cold storage.
  • Tangem – XRP cold wallet with a credit card form factor.
  • Xaman – The best hot wallet for XRP.
  • Trust Wallet – A popular multi-currency wallet with XRP support.
May 20, 2024

Does XRP have its own wallet? ›

Sending and receiving XRP requires a wallet. An XRP wallet will provide you with the ability to access your funds and sign transactions with a combination of both your private and public keys.

How to create an XRP paper wallet? ›

Generate a Paper Wallet: Visit a trusted XRP paper wallet generator website such as https://xrppaperwallet.com. Create Your Wallet: Follow the instructions on the website to generate your XRP public and private keys.

How much does it cost to activate XRP wallet? ›

There is a 10 XRP fee required in order to activate an XRP wallet.

Do I need an XRP wallet? ›

In order to manage, send and receive your ripple you won't need a bank account, however you will need something similar. In crypto we call it a wallet. After you've purchased ripple (XRP) you store them in a wallet.

Can you store XRP in a wallet? ›

A user can store XRP using various wallets, including hardware, desktop and mobile, exchange and paper wallets.

Where is the safest place for XRP? ›

Coinbase is the most trusted platform in the UK for buying, selling and trading XRP. It's quick and easy.

Where is the best place to keep XRP? ›

Hardware wallets or cold Ripple wallets, such as Ledger Nano X or Trezor Model T, are generally considered one of the safest options for storing XRP. They store private keys offline, providing enhanced security and protection from online threats.

How do I cash out my XRP wallet? ›

XRP withdrawal
  1. Navigate to your Wallet and click the Withdraw button.
  2. Select XRP wallet in the “Withdraw from” field.
  3. Select withdrawal address or add a new withdrawal address. ...
  4. Enter the amount of XRP you wish to withdraw.
  5. Click Review withdraw button.
  6. A confirmation screen will pop up.

What is the XRP wallet address? ›

An XRP wallet address is a unique string of characters that serves as a destination for sending and receiving XRP, the native cryptocurrency of the Ripple network.

Is XRP safe in Trust wallet? ›

Secure Your XRP with Trust Wallet

Trust Wallet is your go-to solution. As a trusted crypto wallet, it allows you to send, receive, store, and exchange XRP effortlessly within a user-friendly mobile interface. Join over 130 million users who rely on Trust Wallet for their cryptocurrency needs.

What wallet should I use for XRP? ›

What are the best wallets for storing XRP? Some of the best wallets for XRP include: Ledger Nano X and Ledger Nano S: Hardware wallets known for their security.

How do I set up XRP wallet? ›

How to create XRP wallet
  1. Install Coin Wallet on your computer or device (Windows, Linux, macOS, iOS, or Android). ...
  2. Select "Create New Wallet" by clicking on it.
  3. Click "Generate Passphrase".
  4. You must write down and store your twelve-word passphrase in a secure location.
May 23, 2024

What is the secret key for XRP Ledger wallet? ›

The XRPL wallet secret key is a 29-character long alphanumeric string starting with the letter “s”. You can use the secret key to import a wallet to another account.

What is XRP address or wallet name? ›

Accounts in the XRP Ledger are identified by an address in the XRP Ledger's base58 format. The address is derived from the account's master public key, which is in turn derived from a secret key. An address is represented as a string in JSON and has the following characteristics: Between 25 and 35 characters in length.

What is XRP wallet address format? ›

XRP, also known as Ripple, has one default address type. Addresses always begin with "r", are between 25 and 35 characters long, use alphanumeric characters (excluding the number "0", capital letters "O", capital letters "I", and lowercase letters "l"), and are case-sensitive.

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