Digital currencies have grown in popularity in recent years, which has seen a huge boom in their price. At the moment, the most known digital currency is Bitcoin, although it is by no means the only one! Another common and popular digital currency is Ripple (XRP), initially invented in 2004, but not launched until 2012.
At present, the value of Ripple increases day by day and is currently estimated at hundreds of times higher than the original launch price. Ripple boasts some high profile investors, including Google, which helps increase confidence in the currency. And when combined with the fact that Ripple is much cheaper than Bitcoin, it's easy to see its charm.
But with the increase in demand for digital currencies, the desire of criminals to separate you from your hard-earned cryptocurrency also increases. For this reason, it is essential that you choose the right portfolio to store them. In Ripple's case, taking the time to choose the right portfolio for you will help protect you from scams and fraud. The following are the 6 best Ripple portfolios.
1- Ledger Nano S
If you want to have your XRP coin in your pocket, then The Ledger Nano S could be for you. Unlike other physical portfolios on the market, its size and shape allow it to be transported easily. Similar to a USB stick, it can store an unlimited amount of XRP. Simply connect the device to a computer and you can send and receive Ripple coins quickly and easily, with the peace of mind to keep your coins safe from hackers.
Security is provided with the addition of password protection, in the event that your wallet is lost or stolen. And if the worst happens, automatic backups help you get your Ripple back if you can not recover your wallet.
In addition to Ripple, The Ledger Nano S supports the following cryptocurrencies.
The Ledger Nano S costs € 94.80, a bit too high, but the physical fitness factor and safety are worth the cost.
What's in the box:
The Ledger Nano S box contains:
- The Ledger Nano S
- A USB cable
- Intro and recovery sheet
- Accessories to make it easy to use
Transactions can be viewed from the integrated display, these are shown in real time, allowing you to confirm the transactions. A physical button adds an additional level of security, as it must be pressed to confirm that you want a transaction to proceed before it is processed.
2- Toast wallet:
Toast Wallet is a convenient free, open source wallet, available to everyone. It is easy and convenient to use and offers many security features. Toast Wallet is multi-platform, with versions available for Windows, Android, Linux, Mac and iOS. In addition to the 20XRP reserve, there are no other costs involved in the use of Toast Wallet, so it is an interesting offer for those who want to reduce the costs of their investments.
CoinPayments is a cryptocurrency payment service that allows the storage of digital currencies in an online portfolio, working in a similar way to physical bank accounts. With a transaction fee of 0.5% (there are no account / deposit / withdrawal fees), they accept more than 250 different altcoins. The company is based and registered in Canada and is respected among the crypto community as an authentic and legitimate cryptocurrency payment platform.
In addition to storing encryption, CoinPayments also allows you to make payments through your network. At the moment, there are over 296,000 online stores that accept CoinPayments, which means you can also buy with your digital currencies, not just invest them.
For additional security, CoinPayments uses the BitGo service. Usually known only for BTC security payments, BitGo can be used with CoinPayments for any cryptocurrency, including Ripple. This makes transactions much faster and safer.
CoinPayments Link to your bank
Available to users in Canada, the United States and the EU, CoinPayments allows you to withdraw to a linked bank account, in the same way you make a payment for something in an online store.
Strong security, a wide range of cryptocurrencies, BitGo and payment options make CoinPayments an excellent service. And what's more, registration is free, with only transaction fees.
4- Abra wallet
Abra wallet is a mobile application that offers a combination of encrypted and wallet exchange services. By allowing exchanges in about 20 different cryptocurrencies, with Ripple recently added, users on both iOS and Android can purchase digital currencies with fiat currency through Abra.
The biggest attraction of Abra is that it allows users to exchange different cryptocurrencies without transaction costs, as well as having no limits on how much they can be bought or traded.
The app is easy to use, has a nice interface and transactions are fast. But it comes with risks. The company may stop the support as the balances may be lost or become unusable. Some people have also raised concerns about the legitimacy of the company behind the app.
Run a new Exarpy service that allows users to interact with the Ripple network. It is a fast, secure and simple portfolio and is available on most devices. Unlike other services, Exarpy has a flat fee of 0.025 XRP per transaction, which will make large transactions much cheaper.
No user information is stored, creating an item of anonymity, instead of generating a cryptographic PIN to allow the user to access his or her portfolio. Once logged in, users can send, receive and store an unlimited amount of Ripple.
It is, however, a new service, so use with caution.
Ali Qamar is passionate about privacy, blockchain and cybersecurity, his work has been featured in many technology and security blogs including InfosecInstitute, Hackread, ValueWalk, Cryptodaily, Intego, CryptoCoin.News, GlobalCointReport and SecurityAffairs to name a few. He currently manages SpyAdvice.com. Follow Ali on Twitter @ AliQammar57