Best Ripple Wallet 2021: The Ultimate Comparison

If you want to buy Ripple and are looking for a Ripple wallet, there are numerous options for storing your XRP coins. As with other cryptocurrencies, there are various options with a Ripple desktop wallet, hardware wallets or XRP online wallets. In addition, Ripple comes with an unusual feature, which we also discuss in more detail in this large Ripple wallet test.

In this detailed Ripple wallet comparison, we also show the advantages and disadvantages of different XRP wallets, explain which wallet options are available for Ripple in German and finally include the Ripple wallet experiences of users and the editorial team when it comes to finding the best Ripple wallet 2021.

What is a Ripple Wallet?

A Ripple wallet is needed to store Ripple's own XRP coins. The user can choose from various options, including Ripple online wallets, XRP hardware wallets or desktop wallets for Ripple (cold wallets and hot wallets). The best Ripple wallet can vary depending on the type of investment, which is why we present and review various Ripple wallet alternatives (including Ripple wallets in German) in this article.

Ripple itself is an open source protocol for a payment network and is operated by the company Ripple Labs. So, unlike other cryptocurrencies, Ripple is not completely decentralised, but is controlled by a company that developed the Ripple protocol. The value of Ripple Labs depends solely on the price of the XRP coin.

Ripple's goal is to simplify global financial transactions and also to be available to the established banking system as an alternative for simple and faster payments - an ambitious project, which can still provide for price fantasy in the future, insofar as this technology becomes established.

XRP, on the other hand, is the cryptocurrency of the Ripple network, which was developed primarily not as a form of payment, but for the successful implementation of the above-mentioned transactions. Nevertheless, the XRP coin also fluctuates strongly in value, so that all those who want to buy Ripple and are looking for the best Ripple wallet must continue to expect a volatile XRP price.

XRP was the third largest cryptocurrency in the world for a long time, but was replaced by newer technologies such as Cardano and Polkadot in 2020 - also due to an interim slide in Ripple's price. XRP is a long way from its all-time high of just under USD 4 in January 2018 at a current level of around USD 0.45 (as of February 2021).

The former high measured in bitcoin - 0.002 BTC, also from January 2018 - is likely to be out of reach for the next few years. But who knows how Ripple will develop in the coming years and decades, so an investment and a look at the best Ripple wallets can still be worthwhile.

Set up Ripple Wallet: Here's how!

Anyone who wants to create a Ripple wallet has various options, as shown above. Due to its large range of functions as well as the only option within our Ripple Wallet Test for an XRP Wallet in German, we show below a guide for the online broker eToro, with which one can easily and safely buy and store Ripple.

step 1

eToro Registration and Ripple Wallet Download

To create a Ripple online wallet at eToro, all you need to do is register on the eToro website. With a full name, email and password, you can quickly register and open your account. After receiving a confirmation email, you can start trading immediately.

Those who wish to continue with the Ripple mobile app can simply download the eToro app for iOS and Android from the Google Play Store or the App Store.

step 2

Charge account

As soon as the account has been verified and set up, it can already be loaded with credit. Various payment methods are available for this, including instant bank transfer, credit card and PayPal. As soon as the Ripple wallet has been set up, the account can also be topped up with XRP or other cryptocurrencies, provided that coins are already available on other online exchanges.

step 3

Buy Ripple

XRP coins can then be purchased directly in the eToro online account. Simply use the search window and enter "XRP" or "Ripple". Please note that the leverage is set to x1.

The purchased Ripple can then be transferred directly to the XRP wallet at eToro and stored there safely.

The Best Ripple Wallets

So in order to be prepared for a possible price increase, you need one of the best Ripple wallets. In the following XRP wallet test, we present the different options and also look at the German Ripple wallet options.

Important for a good test result are the costs in the form of purchase price as well as the Ripple fees when buying and selling, the security of the XRP Wallet, the user-friendliness and the customer support. In addition, our Ripple Wallet experiences are taken into account, including those of other users.

In the following, we have therefore compiled a detailed Ripple wallet guide about the various options so that everyone can find the best XRP wallet for themselves.

eToro XRP Wallet for Ripple

eToro is not the cheapest XRP wallet, but in terms of functionality, usability and price-performance ratio, it is one of the best Ripple wallets in this combination. In addition, there is the regulation by European financial authorities and the associated licence, which is unrivalled by all other XRP wallets presented in the Ripple Wallet Test. In addition, account management is free, telephone support is available and the security mechanisms are relatively high for an online wallet.

At the same time, 15 other cryptocurrencies can also be traded with eToro, so that you can also exchange your XRP coins for other coins if required. It is also important to know that eToro is almost the only way to create a Ripple wallet in German (as an online and iOS/Android mobile wallet).

Ledger Nano S Hardware Wallet for Ripple

Iota Wallet Ledger

The Ledger Nano S is one of the most popular hardware wallets for Ripple. Hardware wallets are particularly impressive due to their high level of security, as the private keys are stored offline on the Ripple ledger. However, the acquisition costs must always be taken into account with a hardware wallet. In addition, trading is only possible via external online providers, which is why the Ledger Nano S is particularly suitable for Ripple for long-term storage.

It should also be noted that Ledger does not offer Ripple as a buyable currency. This means that the XRP coins have to be bought on another crypto exchange and then transferred to the Ledger Nano S's private XRP address. When selling, the reverse would apply accordingly.

Trezor Hardware Wallet for Ripple

Another hardware wallet for Ripple comes from Trezor, which offers two popular models, the Trezor One and the Trezor Model T. The Trezor One is compatible with Ripple. While no XRP can be stored on the Trezor One, the Trezor Model T hardware wallet is compatible with Ripple. Nevertheless, the XRP coins must also be purchased here via an external exchange.

The Trezor Model T is a Ripple cold wallet, so the XRP coins are stored separately from the internet.

Exodus Desktop Wallet for Ripple

When it comes to finding the best Ripple desktop wallet, Exodus is one of the most popular options. With a beautiful design, high user comfort and quick installation, it is very easy to create a Ripple wallet here.

Unfortunately, there are two negative aspects to the Exodus wallet that are similar to other Ripple desktop wallets (Atomic, for example). One is the very high spreads and fees that occur when buying directly through the Exodus Wallet (as part of the Shapeshift integration), and the other is the vulnerability in terms of security.

As the device on which the desktop wallet is installed is always connected to the internet, there is always the risk of a hacker attack, especially if you do not have an adequate security structure on your own computer. If you are aware of this, the Exodus Wallet is a good option, as the numerous positive Ripple Wallet experiences of users testify.

Binance Online Wallet for Ripple

When giving an overview of the best Ripple wallets, a well-known representative of the online crypto exchanges should not be missing. Since Ripple is not tradable on Coinbase, Binance is the first port of call for anyone who wants to buy Ripple without special requirements. However, some experience in the crypto sector, whether with XRP or other currencies, cannot hurt, as Binance is not immediately intuitive to use. On the other hand, the Ripple fees are very low.

Binance is an XRP online wallet, which, compared to a Ripple cold wallet, stores all keys directly online. While you can rely on the deep security mechanisms of the established platform - similar to eToro - Binance does not offer a European financial or broker licence.

XRP Paper Wallet for Ripple

As with other cryptocurrencies, it is also possible to create a Ripple paper wallet for XRP. This is the safest form of storage, insofar as one excludes application errors and stores the paper wallet in multiple versions in different locations. This is both a cold wallet and a Ripple offline wallet.

To create a Ripple paper wallet, all you need to do is write down the private keys and the recovery seed, preferably in analogue form on paper. The paper wallet can then be stored securely so that the XRP coins can still be accessed several years from now.

More XRP Wallets for Ripple

XRP Mobile Wallet: In the field of Ripple mobile wallets, Trust Wallet is a popular alternative for a simple and reputable smartphone wallet, both for iOS and Android. The app, whose download can be started from the Google Play Store or App Store, supports over 50 cryptocurrencies. However, buying via the app comes with very high fees, so it's better to choose another online exchange like eToro or Binance to buy Ripple.

Especially with the eToro app, which doubles as a Ripple wallet app, it is also easy to buy and store XRP (taking into account the general security guidelines for iOS and Android mobile wallets).
The otherwise popular Infinito mobile wallet is not compatible with Ripple.

Ripple wallets that are no longer available: Many older Ripple wallet comparisons often mention XRP wallets that are now no longer compatible or have ceased operations.

The best-known example of this is the Ripple Toast Wallet, which has no longer been supported since last year and is therefore no longer an XRP alternative.

In addition to the Toast Wallet for Ripple, Rippex and Hodly are other wallets that are partly mentioned in the Ripple wallet experiences of other sites, but no longer exist.

Ripple Wallet Functions & Features

Anyone who is looking for the best Ripple wallet and wants to create an XRP wallet should of course also take a look at the functionality. Compatibility, user-friendliness and security are particularly important here.

In addition, Ripple has a special feature that is unique in this form among the top 10 cryptocurrencies - a minimum account balance in the XRP wallet. We will also discuss this in the further analysis.

1. Compatibility

When choosing a suitable wallet, you must first make sure that it is compatible with the cryptocurrency Ripple. The vast majority of wallets support XRP, but as shown above in the detailed Ripple wallet comparison, there are also some representatives that are not compatible with XRP. These include the Trezor One hardware wallet as a Ripple offline wallet, the popular mobile wallet Infinito and the Ripple online wallet at Coinbase.

However, eToro, the Trezor Model T, Exodus or Binance are wallet options that are easily compatible with Ripple.

2. User-friendliness

User-friendliness is primarily about the amount of work involved and the user guidance. Is the Ripple Wallet easy to understand?

A paper wallet is usually the most cumbersome form. Here, the seed has to be copied from the platform each time, which takes time and may also produce errors. The situation is much better with Ripple hardware wallets, although here too the XRP coins have to be transferred to a trading platform for each transaction.

The latter is not mandatory for XRP desktop wallets and mobile wallets, but still recommended due to the enormously high fees. For this reason, online wallets such as eToro can clearly win the point of user-friendliness, as buying, selling and storing is possible here without detours and the user also benefits from an intuitively operable platform.

3. Security

Despite the inconvenient handling, paper wallets are one of the safest forms of storing your coins in an XRP wallet. Nevertheless, even with this form of Ripple offline wallet, there is no total security, as the paper can be misplaced or physically destroyed.

Ripple hardware wallets like the Nano Ledger S are also very secure and the best option for a Ripple cold wallet. Possible dangers here are also the wrong application or also phishing attacks that occur again and again.

Online wallets are also relatively safe thanks to the good infrastructure of the established providers, as long as you create a Ripple online wallet with the reputable platforms.

PC wallets and mobile wallets for Android and iOS, on the other hand, can be an insecurity factor under certain circumstances, as the PC or smartphone must be protected against attacks from the internet.

4. Customer support

Fast and reliable customer support is always important when there are problems. Especially for beginners in the crypto sector, this can be crucial, but even experienced investors need support from time to time in unusual market situations.

For those who place a very high value on customer support, Ripple online wallets are one of the best XRP wallet options. eToro, for example, has a contact form and live chat as well as telephone support.

If you use hardware wallets for Ripple, desktop wallets or XRP mobile wallets, the availability is more limited, so it can take longer for questions to be answered. With a paper wallet, there is no customer support at all.

Special feature of Ripple Wallets: 20 XRP minimum account balance

In the context of the functions of Ripple wallets, the special feature of XRP wallets should not be missing. Every wallet for Ripple, regardless of whether it is an XRP online wallet or a Ripple mobile app, must always have a minimum balance of 20 XRP. This is unique among the major cryptocurrencies.

The origin of this required minimum lies in the special way Ripple works. On the one hand, this has to do with its function as a transaction and financial settlement network, and on the other hand, with the anti-spam protection that is deposited with Ripple. The 20 XRP are intended to prevent the generation of countless Ripple wallets that are later no longer used. This keeps the number of Ripple addresses manageable.

What does this mean for the investor?

If you want to buy Ripple for the first time, you should note that 20 XRP less of the final purchase amount are effectively available. Depending on the type of wallet, these may be displayed in the account, but cannot be transferred from there. The 20 XRP must therefore always remain in the Ripple Wallet.

When looking for the best Ripple wallet, you should therefore weigh things up a little more carefully beforehand so that you do not end up with the minimum of 20 XRP blocked in various wallets.

Ripple Wallet Fees

In order to find the best XRP wallet, it is also necessary to take a look at the Ripple fees, as these differ enormously from one another in some cases - from almost 0 to 7% fees, everything is there.

All the options mentioned here in the Ripple wallet comparison have in common that the XRP coins can be stored for free. There are no fees for this.

A special feature, however, is the already mentioned minimum account balance of 20 XRP, which may not be fallen short of. However, since this is not dependent on the wallet, this can be ignored in the further consideration of Ripple wallet fees.

What should be taken into account are the fees when buying XRP, as shown in the following table of the best Ripple wallets:


Wallet type

One-off costs (registration etc.)

Fees (trading fees or spreads)


Ripple Online Wallet (Browser Wallet)


0% fees + 2.45% spread

Ledger Nano S

Ripple Hardware Wallet

Approx. 70 EUR

Spread + fees depending on the exchange used + network fee approx. 0.02 XRP (may vary)

Trezor Model T

Ripple Hardware Wallet

Approx. 160 EUR

Spread + fees depending on the exchange used + network fee approx. 0.02 XRP (may vary)

Trust Wallet

Ripple Mobile Wallet for Android and iOS


6% fees/spread on purchase


Ripple Desktop Wallet


4-5% spread per trade / purchase / transaction


Ripple Online Wallet (Browser Wallet)


0.1% fees (2% for credit card) + 0.3% spread

As can be seen from these values, the differences in Ripple wallet fees are enormous, so you should definitely pay attention to the right online exchange or wallet type when buying XRP.

  • 1st place: The price winner is clearly the Ripple online wallet from Binance. Here you can buy Ripple at a particularly low price and then store it (attention, hot wallet!) or transfer it to one of the other XRP wallets presented.
  • 2nd place: In second place in terms of Ripple wallet fees is the online trading platform eToro.
  • 3rd place: The fees for the other XRP wallets are considerably higher, especially in the form of spreads, so that it is usually worth buying the coins from eToro or Binance and then transferring them to the hardware wallet or Ripple desktop wallet.

What is the best Ripple wallet for which type of investor?

As can be seen in this detailed XRP wallet test as well as our Ripple wallet experiences, there is no one best Ripple wallet. It always depends on the purpose of the XRP wallet and how often you want to trade and buy or sell Ripple.


For all beginners in the field of cryptocurrencies and all those who only want to trade Ripple occasionally and attach importance to the simplest possible usability, the Ripple online wallet from eToro is the best option. Fast registration, competitive fees, high broker security and an intuitive user interface make eToro the ideal all-rounder in the financial sector, with which you can also trade stocks and ETFs for free and get into forex and CFD trading at the same time.


Traders and crypto experts are best served with Binance for buying Ripple. Even with frequent trading, the Ripple wallet fees remain manageable thanks to the low spreads. It is also an established platform, although not to the same extent as eToro.


If you want to be on the safe side and store the XRP coins offline, the hardware and offline wallets compatible with Ripple (Ledger Nano S and Trezor Model T) are very well advised.


Although a Ripple paper wallet is also very secure and a good solution for a Ripple cold wallet, it is only recommended to a very limited extent due to the complicated procedure. XRP desktop wallets and mobile wallets are also only recommended to a limited extent and are only suitable as a supplement for special types of investors. Both types of XRP wallet have in common that they represent a security risk depending on the security standard of the end device and are not suitable for buying Ripple due to the very high fees and spreads.

Which coins can be stored in the Ripple Wallet?

Since there is no exclusive XRP wallet, all of the providers mentioned here in the Ripple wallet test have the option of storing more than just XRP. For example, Bitcoin, Ethereum, Bitcoin Cash and Cardano are supported by all of the wallets mentioned here, so that Ripple can also be exchanged for these cryptocurrencies within the XRP wallet.

Ripple advantages and disadvantages

At the end of our Ripple wallet analysis, we look at the advantages and disadvantages. This can help to better assess an investment in Ripple. For a closer look, it is worth taking a look at the advantages and disadvantages of the Ripple cryptocurrency at this point:


  • Favourable and fast transactions
  • established top 10 cryptocurrency
  • Ripple technology can become groundbreaking if it catches on        
  • Enormous upside potential if the technology is successful
  • Numerous possible applications in the global financial industry


  • Very poor price performance compared to Bitcoin
  • Price potential dependent on further technological progress         
  • No decentralised currency due to tie-up with Ripple Labs
  • Ripple breakthrough still a long time coming                                         

Ripple Wallet Advantages and Disadvantages

As already explained above in this detailed Ripple wallet test, each of the XRP wallets offers different advantages and disadvantages. As an example, we would like to present these here using the all-rounder eToro, which is a suitable option for many to start with Ripple.


  • Registration and Ripple Wallet creation very simple
  • Regulated online broker with European financial licence
  • High functional scope     
  • Numerous deposit options
  • Secure online wallet thanks to professional mechanisms
  • Also available as a mobile wallet app for Ripple
  • Extensive customer support, for example via telephone


  • Despite the latest security techniques, it is a Ripple hot wallet
  • No access to the private keys      
  • Slightly higher Ripple fees compared to other cryptocurrencies


The cryptocurrency XRP has suffered some losses in recent years, but the technology and the idea behind Ripple are still intact. Those who bet on this vision and are not bothered by the bond to Ripple Labs can hope for corresponding price increases. Until then, the XRP coins can be stored in a wallet - preferably in one of the Ripple wallets presented here.

If you want to trade Ripple frequently, Binance is one of the best Ripple wallets. The low fees also allow frequent trading without incurring too many costs. According to our Ripple experience, XRP desktop wallets, mobile wallets specialised exclusively for smartphones and Ripple paper wallets tend to play a subordinate role, partly because they are difficult to use and partly because of the very high XRP fees or costs.

Top Ripple Wallet 2021: eToro

Our Ripple Wallet experiences have highlighted eToro as a suitable way to start buying XRP. Above all, the enormous range of functions paired with the security of a regulated online trading platform and competitive fees are convincing. Users will find an extensive and German-speaking customer service, the revolutionary copy trading function, as well as opportunities for further education.

Key  Features:

  • Free wallet
  • Fair and transparent fee structure
  • First class customer support
  • Variety of cryptocurrencies, incl. Ripple
  • Free demo account




Which Wallet for XRP?

Various types of wallets are available for XRP, including Ripple online wallets, XRP desktop wallets and hardware wallets for Ripple.

How do XRP Wallets work?

Ripple wallets can be used to store XRP coins. Most online, mobile and desktop wallets also allow the purchase of Ripple.

How secure are Ripple Wallets?

Hardware and paper wallets are among the most secure XRP wallets, with a small gradation also Ripple online wallets. Desktop and mobile wallets are more vulnerable to external attacks due to the necessary security technology.

About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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