One of the primary questions people are asking on social media is whether or not there is such a thing as a wallet for Ripple. Storing the XRP token is quite difficult, as most people would prefer not to keep funds in an exchange wallet. That is still a viable choice, even though there are some alternatives one could check out as well.
3. Exchange Wallets Are An Option
It is understandable why a lot of people would prefer not to store their XRP balance in an exchange wallet. Trusting a third party with your funds is not a comfortable feeling. However, most of the major exchanges support XRP, which creates a somewhat safe and secure environment to store your funds.
To be more specific, platforms such as Kraken, Poloniex, and a few others all support XRP wallets. Storing funds in these exchanges is somewhat safe, although people who are looking for long-term storage options may want to look at the two options presented below. After all, it never hurts to take a look at alternative solutions from a security perspective.
2. GateHub
The Gatehub platform is the “official” online wallet solution for XRP owners. The project has been around for some time now and attracted quite a few users in the process. Users are presented with a clear overview of their holdings and its value. All analytical data is compiled on a single page, removing the need to deal with different menus.
As one would expect from a proper online wallet service, it is possible to send and receive money in a convenient manner. GateHub lets users send funds to other people by using their name, wallet name, Ripple address, or email address. It is clearly designed to cater to as many people as possible. Additionally, it is also possible to access the trade feature within the wallet itself, which is quite interesting.
1. Rippex
A lot of cryptocurrency enthusiasts prefer to use a desktop wallet for their holdings. This is also true for anyone who holds XRP right now, as a desktop wallet puts the end user in full control of their holdings. More importantly, the Rippex wallet is available for Windows, Macintosh, and Linux, which will be of great joy to a lot of XRP holders.
What is even more important is how the Rippex wallet is completely open source and the code can be found on GitHub. On the security front, the Rippex team provides redundant infrastructure for the online component of the wallet. Users can sign up for an account online and store funds that way, or port it to the desktop version of this wallet as they see fit. Having both options at one’s disposal can be quite invaluable.
If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.
