Things are looking for Tron despite the bear market

The Crypto portfolio is an irreplaceable part of your investment activity. But how to select a reliable and functional option? Consider the Top 5 Ripple wallets and find out how to choose the right one for you.

It's been two years since the cryptocurrencies started to make waves, and many altcoins have grown in price as much as the leader, Bitcoin. There are many decent investment opportunities around, and one of these is Ripple (XRP). Having been invented back in 2004, it has grown at an exceptional rate in 2017 and is now in the top 10 cryptocurrency. The currency is widely used for international transactions and is currently being tested by governmental banks, especially the Asian ones. Despite being the third largest cryptocurrency by market capitalization (about $ 18 billion), XRP is very cheap compared to Bitcoin and Ethereum, so you can still buy a handful of coins without having to take a second mortgage on your house.

If you're ready to jump on the Ripple bandwagon, you need a reliable and functional portfolio. We look at five noteworthy solutions and find out why an accurate selection of the XRP portfolio is more important than one might think.

Main vulnerabilities of cryptocurrency portfolios

Like any other online product, online cryptocurrency portfolios are subject to attacks and failures. These are the five main vulnerabilities of the cryptographic portfolio:

How to choose the best portfolio for Ripple?

Not all Ripple wallets are the same, so to speak, so you need to perform a thorough analysis of the market before investing. The main motivation for using a good portfolio is the security of resources: without solid security, no digital solution has any real value.

So, what should be taken into consideration when collecting the best XRP portfolio?

1. Does the portfolio support Ripple? This is the most essential question. The Internet offers a myriad of versatile cryptographic portfolios, but the supported cryptocurrency sets differ from one solution to another.

2. Is it safe enough? The absence of adequate security measures takes away most of the value of the portfolio, which means that your virtual money could be stolen at any time. Check to see if the wallet provider implements two-step authentication, cold storage, backup, and other security tools. Even an SSL certificate is a must for online services. An offline Ripple portfolio is considered a safer option.

3. What is the fee / cost? If you're going to handle huge amounts of cryptocurrency, investing in a Ripple hardware portfolio can be a cheaper solution than online storage.

4. Is it compatible with mobile devices? Every self-respecting cryptocurrency provider offers both desktop and mobile versions for the convenience of its customers. Make sure your iPhone, Android, BlackBerry or any other device supports the software.

Cold vs hot wallet: what is the best?

Cold storage means using a hardware portfolio for cryptographic resources. It is recommended for users who want to safeguard their own currencies instead of outsourcing to third parties. This is a safer but also less convenient option because it is not possible to perform moving cryptocurrencies. For this reason, some traders use both types of cryptocurrency portfolios: online trading services, as well as hardware portfolios only for archiving.

Now that the stage has been set, the time is ripe to take a look at the best Ripple portfolio options.

Binance

When it comes to exchanges of cryptocurrencies, Binance is one of the first names that comes to mind. This cryptographic service is growing rapidly and now also offers its users portfolios. However, it is more suitable for short-term coin storage: as a general rule, you should not store the currency there for more than 1-2 days, because the exchange problems may appear unexpectedly.

"Why use it completely?", You could ask. Well, Binance is perfect for instantaneous purchase and storage of XRP since you can claim a 50% discount on trading fees when you exchange Bitcoins in Ripple.

Ledger Nano S

This hardware portfolio supports a number of cryptocurrencies, including Dash, BTC, ETH / ETC, Stratis and Zcash. This cryptographic storage solution offers security, ease of use and high-level portability. It looks like a USB device, so you can carry it in your pocket without having to pay attention to prying eyes. It allows you to control transactions with the help of a button and has a secure password system. You can send and receive coins and perform automated account backups (there is a single recovery sheet applied to each device). The gadget can be ordered online: in 4-7 days, it will be delivered to your home.

Toast wallet

But where to store Ripple for free? Try Toast, an open source Ripple wallet that is accessible to anyone. Its salient features include:

• Compatibility with Windows, Android, Mac and iOS. Each application is well thought out and fast.

• Zero commissions for storage and transactions. Please note, however, that you need to have 20 XRP backups to process the transactions.

• The app for Portfolio Toast Ripple has an intuitive navigation and an intuitive interface.

The Toast wallet is a solution for bare bones that will be perfect for beginners to get their feet wet and learn the basics of managing cryptocurrencies. It is simple enough for beginners to manage, and yet, presumably, as secure as a Swiss bank. Another good news is that Toast is not a hosted wallet, which means you will have total control over your private keys.

Jaxx wallet

This software was developed by the man who started investing in crypto very early and helped found Ethereum. In an effort to understand how to keep Ripple safe and reliable, he developed the Jaxx Ripple portfolio. It is a multi-currency HD wallet that allows the storage of over 60 coins and allows users to check the seed and PIN. This software boasts the full range of features, including:

1. Custom tariff options: high (fast transactions), medium and low (slow extraction rate). The normal fee is recommended for easy confirmation of the transaction.

2. A QR scanner for better accuracy and accuracy of transactions.

3. Export and import of private keys.

Jaxx also offers an additional bonus of the best exchange for Ripple: one currency can be converted into one another in the app itself, so investors are free to make transaction decisions right there and then.

Discover the Jaxx versions available:

CoinPayments

CoinPayments is not just a Ripple desktop portfolio. As the name suggests, it is a cryptocurrency payment website where you can store currency online. Accepts over 900 altcoins, a record number for an exchange platform. CoinPayments works like a physical bank – allows exchange of coins and online purchases – and has a low transaction fee of 0.5%. The fee is applicable to:

Personal deposits and withdrawals are 100% free unless they are used for commercial items or purchases. Finally, CoinPayments is very convenient for online purchases: it collaborates with a wide range of e-commerce sites and stores, over 296,000 online sellers for accuracy. The level of exceptional security is achieved thanks to the multi-sig BitGo technology. So, if you want a cheap and break-proof solution for cryptocurrency storage, CoinPayments is exactly the thing.

10 ways to protect your cryptocurrency portfolio

All cryptocurrency owners are potential victims of hackers. Although the aforementioned solutions are secure, you, as a user, have the primary responsibility for the security of your resources. Here are some professional suggestions:

1. Do not install external mobile applications unless absolutely necessary.
2. Activate the authorization of Two Factor both in the app and on the web.
3. Whenever someone sends you links, always double-check them.
4. Beware of Slack robots! Do not click on any links that the robots send you. You can also protect your device against them by using Avira antivirus, Metacert or Webroot security, as well as integrated Google Safe Browsing.
5. When you are engaged in an encryption task, use a separate browser for cryptographic coin operations. It is also preferable to choose an incognito mode; in fact, ideally, you should have a separate PC or another encryption device.
6. Do not download cryptographic add-ons. Use the antivirus for network protection.
7. Do not perform transactions via public Wi-Fi, even if you use a VPN.
8. Continue to regularly update your router's firmware: hardware manufacturers issue updates to protect against key replacement.
9. Do not interact with websites without an HTTPS protocol.
10. If something seems suspicious in the messages you receive, close the window and delete that letter from your inbox.

Bottom line

Although Blockchain is a secure technology in and of itself, it is not immune to security breaches, which means you still need a safe place to store your cryptocurrency coins. The Internet offers a myriad of exchange platforms and encryption services that provide safes. These websites should be chosen wisely: some of them are prone to hacking, while others can charge astronomical fees.

So, what's better, an offline Ripple portfolio or an online service? It depends on the frequency and size of your transactions. Cold storage is used for long-term investments; this function is provided by hardware portfolios. If you intend to actively negotiate and execute transactions on a daily basis that involve smaller amounts, online services would be more appropriate for you. They can be used on the road and their transaction fees are quite low, even if their exact accuracy will depend on the actual platform chosen.

All these Top-5 solutions are sufficiently reliable and functional to meet the desired goals of any crypto-investor. So, if you're ready to stock up on Ripple, grab one and sleep deeply knowing that your assets are safe!