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The decision to keep a little bit of Ripple always leads to another equally crucial question that requires absolute clarity; what is Ripple's best portfolio in 2018? As a serious investor, you need a serious plan on how to manage yours Ripple [XRP] since the practicality of portfolios can potentially influence the decision-making process during the exchange and conduct of transactions. This guide is dedicated to the exploration of fantastic possibilities available on the blockchain landscape in relation to this question looking at the current options on the market. Let's begin.
Best Ripple Wallet (XRP)
CoinPayments wallet
Our first moments of reflection will be dedicated to a cryptographic portfolio widely known as Coinpayments. The cryptocurrency portfolio based in Canada supports a relatively wide range of digital assets and offers the possibility of integrating with a well-known number of shopping carts such as Woocommerce and Magento.
To date, the portfolio enjoys a broad acceptance rate in approximately 182 countries, with a total of 718,000 sellers using the payment platform. Let's take a look at the characteristics that are at the heart of the success of the portfolios.
Supported platforms and other features
Coinpayments is an Internet or hot-based portfolio that supports over 100 cryptocurrencies including Ripple and Bitcoin. A number of special features give it an edge over most of today's portfolios. These include:
- Be able to facilitate payments by working in sync with the commitment in which the funds are held before payments.
- Instant BitGo: This is an application that integrates with the portfolio to facilitate almost instant cryptographic transactions.
- Time: This feature allows you to lock funds in the system. In this case, you are refrained from accessing the funds in a given period of time. This has the advantage of preventing immediate access to funds in the event your account is hacked.
- Mobile application: The wallet can also work with a number of iOS and Android based applications to facilitate transactions.
Professionals
- The platform is relatively easy to use when compared to similar payment platforms. Although there are a considerable number of special features and functions, the platform still offers an interface that does not require a steep learning curve.
- tax: The tariff structure provides a widely accessible environment. A 0.5 percent commission is charged on incoming payments and trade deposit transactions. There are no costs associated with withdrawals of coins but rather a generic transaction fee …
- Safety: Because the password and 2-factor authentication provide a moderately reliable security platform.
Versus
Being a hot wallet may have something to do with the obscure story of the platform losing 2,45 million XRPs due to a system bug that made it vulnerable. This raises questions about the overall integrity of the system. However, in the hot wallets standards, it has all the characteristics of a relatively reliable portfolio.
Gatehub
Gatehub was launched in 2014 and was originally designed to support Ripple as the only cryptocurrency. To date, the portfolio has increased its versatility by incorporating other digital currencies together with the crypto trading function. Gatehub works with numerous operating systems on standard computers / laptops and mobile devices.
Supported platforms
As already pointed out, Gatehub can be considered a hot wallet compatible with Windows, Mac OS and Android and iOS operating systems. In addition to Ripple, the coin supports 7 additional coins including Bitcoin, Augur, Dash, Xaurun, Ethereum, Ethereum Classic and Bitcoin Cash. The portfolio also allows you to purchase cryptocurrencies using a bank account through Swift and SEPA.
Professionals
- Safety: The portfolio uses the standard 2-level security approach in the form of password and 2-factor authentication. While this will never be enough to guarantee 100% security, it's still a reliable way to protect your funds.
- Backup: The portfolio also includes a keyphrase-based backup system that allows access to be restored if the device is lost.
- Ease of use: As expected, the overall interface is easy enough to navigate for those new or familiar with the basic interfaces of the portfolio.
- taxes: It is free to create and deposit funds using the SEPA transfer method. The portfolio does not require upfront fees for withdrawals and cryptographic deposits. However, you must have at least 20 XRPs to start transactions on the system. Fees apply on blockchain transactions and commissions on bank deposits and withdrawals. Here is a caption of the commission structure from the wallet website.
Versus
Being a hot wallet makes the portfolio less than 100% in terms of overall security. Hot wallets are still as secure as you and your device.
A bra
Abra offers a surprisingly simple solution for managing digital and fiat resources. It boasts of being one of the very few portfolios that give you the ability to conduct cryptographic and fiat transactions on your mobile device. The company was founded by former director of Netscape and Goldman Sachs software manager Bill Barhydt.
A number of awards, including an award for the bronze innovation project in the best category of cash innovation, testify to the pedigree that the app brings with it to the blockchain technology landscape. Let's take a look at the aspects that separate the portfolio.
Supported platforms
The application is compatible with iOS and Android platforms and supports over 25 digital currencies and a total of 50 legal currencies.
Professionals
- Safety: Like most desktop and mobile wallets, Abra lets you create both an initial password / PIN and a backup passphrase. The passphrase is relatively shorter than most portfolios because it consists of a total of 13 words.
- More versatility: The portfolio is more than just a cryptographic storage solution. Users can also purchase crypto with credit or debit cards or link it to their bank accounts in designated countries. Currently, users in the Philippines can add or withdraw funds through a bank account, while other users can add and withdraw funds through credit and debit cards.
- cheap: Abra charges significantly lower commissions in the cryptocurrency transaction and legal currencies. There are no costs associated with all types of withdrawals. The addition of funds through the American Express card costs 4% of the transaction.
Versus
Your wallet is still just as secure as your mobile device. The 2-factor authentication would be a great security feature to offset the risks associated with non-hardware portfolios.
Ledger Nano S (Ripple Wallet)
ledger is undoubtedly one of the companies at the head of highly secure cryptographic hardware portfolios that today conquer the market. The hardware portfolio of the company was launched in 2016 with the goal of providing users with a secure and efficient encrypted storage solution. In addition to Ripple, the portfolio supports other cryptocurrencies like Bitcoin, Ethereum and a number of other altcoins. We spend the next few minutes on the main functionalities of the portfolios.
Supported platforms
As we have already considered, the wallet is a "hardware portfolio", which means that you will actually have a physical device that keeps track of your cryptographic properties on the blockchain. It takes the form of a USB device similar to your USB drive and can work with any USB port on your computer. The wallet can work with all essential operating systems including Windows (7), Linux, Mac. Chromium and Google Chrome remain the preferred browsers used to connect the wallet to the blockchain. The device also works with a number of software portfolios for transactions. These include Ripple wallet Led, Electrum, Copay, GreenBits and BitGo.
Professionals
- Superior security features: The Ledger Nano S portfolio is considered one of the safest portfolios of today's cryptic community. As a hardware portfolio, it effectively protects your wallet from hackers, unlike web-based portfolios, which are noticeably easier for attacks. In addition to offline archiving, the following features allow maximum security:
- Pin codeLike most wallets, the 4-digit pin is created right at the start and is necessary for making transactions. Provides a tolerance of three hypotheses before an automatic deletion to protect against unauthorized attempts.
- backupSince most of the small devices like the wallet can be difficult to maintain, especially when it is not an organized person, the wallet has a backup mechanism in case of theft or loss of the device. The device comes with a recovery sheet that maintains the 24 word recovery phrase that can be used to restore your accounts. Also, if you're not convinced of the 24-word sentence, you can add unique words to make it more secure.
- Ease of use: The wallet is relatively easier to install and use for frequent transactions. Clear prompts allow you to configure in minutes.
- Fully portable and improved practicality through the OLED screen which shows all current transactions.
Versus
The physical nature of the Ledger and the extra security features are priced higher, which makes it more expensive than most software-based portfolios that are generally free.
Toast wallet
The Toast wallet is another storage solution and cryptographic transaction that promises a balance between ease of use and superior security. In this line of thinking, the developers claim to have invented a wallet that "is simple enough for your grandma but safe enough for a Swiss banker". We dedicate some moments of reflection to ascertain the validity of this bold statement.
Supported platforms
This is an open source wallet that can be downloaded and installed on a mobile device or computer. For mobile devices, Android and iOS versions are available in their app stores. In terms of more robust computer operating systems, it has provisions for Windows, Linux, Mac OSX and works with Chrome as the browser of choice.
Professionals
Security: As expected, the wallet allows you to set a PIN as the first level of security. It also allows you to generate a 24 word recovery phrase to allow backup in case the device is dysfunctional or stolen.
- The wallet is easy to use as it allows easy installation and an intuitive interface to perform transactions.
- Convenient: there are no costs associated with access to the portfolio and therefore an advantage on the hardware portfolios that have an initial cost.
Versus
The absence of 2-factor authentication reduces its security profile compared to other desktop portfolios that are not 100% hacker-proof.
Cryptonator
The portfolio supports a wide range of cryptocurrencies as well as Ripple and boasts a number of advanced security features to protect your funds.
Supported platforms
The hot wallet integrates with the Chrome browser and works with both Windows and Mac operating systems.
- Safety: The wallet uses a two-step authentication process that includes a password and a two-factor identification procedure. It uses a standard SHA-256 cryptographic algorithm and an encrypted SSL connection to provide a satisfactory level of security.
- taxBeing an open source portfolio, it is free to register and includes a transaction cost consistent with other standard blockchain-based portfolios.
- The portfolio supports a wide range of cryptocurrencies and features an intuitive user interface.
Professionals
Cryptonator is a hot wallet based on Russia that goes around the web with promises of ultra-efficient transactions, maximum security and technology at the forefront.
Versus
The overall efficiency and credibility of the portfolio requires a level of caution before registering because the web has daunting reviews of users who have difficulty accessing their funds efficiently.
Edge Wallet
Our last moments of consideration will be assigned to another portfolio that is slowly gaining ground in the world of cryptocurrency transactions and storage, Edge. The San Diego-based portfolio supports a total of 12 cryptocurrencies and boasts first-class security features to offer superior protection to your resources. The portfolio also allows you to purchase cryptocurrencies with USD and EUR via a credit or debit card.
Supported platforms
Edge is a mobile wallet compatible with Android and iOS operating systems without desktop integration.
Professionals
- Safety: The wallet provides a 2-level authentication process with password, 2-factor authentication and a question-based retrieval protocol to restore access to your account. Other security features include automatic logouts in the event of prolonged periods of inactivity and client-side encryption that ensures that data passes through a cryptographic procedure before it contacts the wallet servers.
- Easy to use: The interface is simple and easy to navigate.
- tax: The Edge wallet can be downloaded for free. However, network tariffs still apply and a 5% commission applies to transactions involving the purchase of fiat encryption through the Simplex system.
Versus
The portfolio is limited to mobile devices and operating systems.
Conclusion on the best Ripple portfolio
Cryptocurrency portfolios offer a convenient way to manage digital assets both at your fingertips and on a laptop. The list of portfolios above should give you a good starting point in your search for more control over your digital assets.
Your choice depends on your priorities and the flexibility you would like to accompany with your experience. The hardware portfolios provide solid security measures, while the desktop and other hot wallets have some confidence against sophisticated hackers to offer more versatility to the dynamic crypto user.
