Cropty Wallet — a reliable, convenient, and secure cryptocurrency wallet for Ripple. Download now to store, exchange, buy, and earn XRP without any hassles.
There is no official wallet that belongs to the company Ripple. However, in the official documentation of the XRP Ledger blockchain, users are advised to use the Xaman Wallet (formerly known as Xumm) for storing tokens. It is fully adapted for sending, receiving, and storing XRP, as well as for conducting transactions across different networks and working with smart contracts.
The downside of this wallet is the limited support for other cryptocurrencies besides assets based on the XRP Ledger. This makes it less versatile compared to other crypto wallets that support a wide range of digital coins.
Cropty Wallet - is a custodial wallet that offers a simple and secure way to store, manage, and use cryptocurrency. It is suitable for users of any experience level, from beginner crypto enthusiasts to experienced traders and cryptocurrency holders.
Cropty Wallet is not just a wallet for storing cryptocurrency. It allows you to:
1. Take out loans secured by cryptocurrency: Get stablecoins using your crypto assets as collateral. Cropty offers convenient and flexible loan terms and low interest rates. Use the borrowed funds for investments, purchases, or other purposes.
2. Earn on stablecoins: Deposit stablecoins into a yield farm and earn passive income by renting them out to other Cropty users with cryptocurrency collateral. It's a reliable and secure way to generate income from your stablecoins, such as USDT.
3. Refer friends and earn: Utilize the Cropty Wallet referral program and receive rewards for each new user you bring in. The more friends you invite, the more you'll earn. Share your wallet link on social media or directly with friends and earn cashback on each of their transactions.
Xaman (formerly known as XUMM) is a popular non-custodial wallet designed specifically for the XRP Ledger ecosystem. It provides users with a simple and secure way to manage their XRP cryptocurrencies and other tokens built on this platform.
Xaman is more than just a wallet. It's a complete platform that allows users to send and receive payments, create decentralized applications (dApps), and interact with other services in the XRP ecosystem. The wallet is perfectly suited for both newcomers and experienced XRP users, thanks to its intuitive interface and wide range of features. With Xaman, you can manage your assets, participate in various projects, and be part of the growing XRP community.
Xaman is an excellent choice for those looking to store and use the cryptocurrency XRP. It offers a high level of security, convenience, and integration with the XRP ecosystem. However, if you're looking for wallets for other cryptocurrencies or seeking a more mature solution, it's worth considering other options.
ByBit is a centralized cryptocurrency exchange founded in 2018. It offers a wide range of services including spot and margin trading, perpetual contracts, options, Launchpad and more. ByBit is known for its simple interface, high liquidity, and low fees.
Wallet and exchange ByBit is a good option for those looking for a simple and convenient way to store cryptocurrencies. ByBit has a good reputation in terms of security and offers a wide range of features. However, it is important to remember that ByBit is a centralized exchange, which means you do not own your private keys. If you are looking for a more secure option, you should consider using a non-custodial wallet.
Overall, the ByBit wallet is a good option for both beginners and experienced users who are looking for a simple and convenient way to store cryptocurrencies.
Ledger is a hardware cryptocurrency wallet that provides secure storage for your cryptocurrencies. It operates as a USB device and does not rely on a computer or smartphone for security. Ledger supports over 1800 cryptocurrencies and tokens, as well as allows you to manage your assets with the Ledger Live app.
Ledger is one of the most popular and reliable hardware wallets on the market. It offers the highest level of security, supports multiple cryptocurrencies, and has a user-friendly interface. However, Ledger is a relatively expensive wallet, and you need to connect it to a computer or smartphone for use.
If you are looking for the most secure way to store your cryptocurrencies, Ledger is an excellent choice. However, if you are looking for a more affordable wallet or do not need to store a large amount of cryptocurrencies, you may consider other options.
Overall, Ledger is a great hardware wallet for those seeking a reliable and secure way to store their cryptocurrencies.
What do cryptocurrency owners value above all? Of course, security, simplicity, and versatility. All of this is embodied in Cropty Wallet — the best cryptocurrency wallet for Ripple (XRP). Just one mobile application gives users complete control over their crypto assets. Store, send, and receive cryptocurrency in just seconds with a couple of clicks.
Why should you choose this crypto wallet? The advantages of Cropty speak for themselves:
Cropty is an entire ecosystem for those who invest and use cryptocurrencies in everyday life. Every day, users evolve alongside us — everything you need to know about cryptocurrencies to stay on trend is gathered in the built-in crypto academy.
Cropty is a full-fledged crypto community with over 100,000 Android device owners already participating. Only our wallet can fully meet all the needs of XRP holders face every day. We have made transactions for users as profitable and simple as possible. Just one crypto wallet will replace numerous apps for managing digital assets. Join the friendly Cropty family now to personally experience all the advantages of our platform. Go to Google Play and download the wallet completely free of charge.
Apple users will appreciate the convenience of the Cropty wallet and its simple, user-friendly interface, fully adapted to the latest version of iOS. Seamless synchronization allows you to use one crypto wallet across multiple devices, so you can always access your digital assets. The app is available for download in the App Store completely free of charge. XRP holders already have access to numerous wallet features that are hard to find in one application — all the most necessary functions for transactions and earning from cryptocurrency are gathered in one place.
Cold storage is considered one of the most reliable ways to protect your cryptocurrency. In the market of non-custodial wallets, the leader is Ledger. It is these devices that most crypto experts recommend to users.
Ledger hardware wallets represent a synergy of the highest level of security, versatility, and elegance. Compact, practical devices quickly connect to PCs or mobile devices for transaction confirmation. A special program called Ledger Live has been developed for managing crypto assets, which allows you to send, receive, and convert digital coins.
Only a paper wallet can provide full isolation of private keys to protect XRP from the outside world. It is a physical medium — traditionally a piece of paper on which the access data for the cryptocurrency is printed. If it is stored responsibly, for example, in a safe, no hacker will be able to access the digital assets. The wallet is completely isolated from any electronic devices and the Internet.
There are generator services available for creating paper cryptocurrency wallets, which encrypt cryptographic keys for access. The wallet generation takes a couple of seconds, after which it just needs to be printed and kept safe to prevent damage to the medium.
Buying XRP is not difficult even for beginners. There are two simple and accessible ways to acquire these tokens — through P2P trading and crypto exchanges.
P2P (Peer-to-Peer) is a trade deal made between two users without intermediaries, such as a bank. To buy XRP, the buyer must post an ad on a special online board. It is easiest to do this on a cryptocurrency exchange. The ad should specify the amount of XRP to be purchased, as well as the asset for which the purchase will be made (fiat money or another cryptocurrency). We explain how this works in our guide on how to buy XRP via P2P on ByBit.
Crypto exchanges operate even more simply. The principle of purchase is the same as in any regular exchange service. The buyer deposits fiat or cryptocurrency, after which they receive XRP in their wallet. We recommend checking the guide on how to buy XRP via an online exchange.
Which method to choose? To do this, let's compare the strengths and weaknesses of each.
To avoid falling victim to fraud and theft of crypto assets, we recommend buying XRP only on verified services. If you prefer to purchase tokens through P2P trading, we suggest using the ByBit exchange. The platform guarantees complete safety for each participant in the transaction and ensures that its conditions are fully met. For those who need to buy cryptocurrency as quickly as possible, we recommend using the Bestchange service to choose a suitable online exchange. Here, you can find hundreds of verified and reliable platforms that you can trust.
Ripple is a cryptocurrency payment platform built on the XRP Ledger (XRPL) blockchain, established in 2012. Its primary goal is to facilitate and reduce the costs of international fiat payments through the advantages of blockchain technology. Currently, Ripple is actively used by financial institutions, with around 300 banks from 40 countries collaborating with the company.
The network utilizes its own cryptocurrency — the native token XRP, which is used to pay transaction fees and is traded on many cryptocurrency exchanges. XRP consistently ranks in the top 10 largest cryptocurrencies by market capitalization. A total of 100 billion coins were created and issued at the launch of Ripple, and no new issuance is planned.
Demand for the cryptocurrency Ripple continues to grow in the global market due to its capabilities in financial technology. Several key advantages make the XRP token in demand:
If you want to sell your tokens, you can do so in the same ways as when buying. On the ByBit exchange, simply place a sell advertisement for XRP and wait for an interested buyer. Once the buyer confirms receipt, you will receive payment. The funds from the transaction will be credited to the specified address — this can be a bank card or a crypto wallet if the sale was made for other digital currencies. In an online exchange, just select which currency you want to acquire for your XRP — it can be fiat money or any other cryptocurrency supported by the exchange service.
If desired, Ripple (XRP) can be exchanged for any other cryptocurrency you need at the moment. The easiest way to do this is via P2P: you need to post an advertisement stating that you want to exchange tokens, for example, for Bitcoin. A user who wants to sell their Bitcoin and buy XRP will respond to it, after which you can proceed with the transaction. If you want to use an online exchanger, make sure it supports the cryptocurrency you want to receive for your XRP. Some services have a limited selection of digital coins for purchase.
The Ripple network does not operate on a PoS (Proof of Stake) algorithm. Instead, it has its own consensus mechanism — Ripple Protocol Consensus Algorithm (RPCA). This means that staking in the traditional sense is not available for this cryptocurrency. However, there are alternative ways to earn passive income from tokens, namely by providing your XRP as loans on centralized exchanges.
By lending their coins to the platform, the owner places them in liquidity pools and receives rewards in the form of an annual percentage rate (APR). Borrowers who take XRP on loan against other assets pay the token holder. This method allows crypto investors to effectively earn on their coins without the need to trade them. Essentially, this process is similar to traditional lending, where fiat currency is loaned out to earn interest.
Since traditional staking is not possible, the easiest way to earn is by lending cryptocurrency. Loans backed by XRP are available on Cropty. Creditors have the option to invest their tokens. For this purpose, there is a special separate account on the platform. Such deposits yield passive income, as creditors receive interest on repaid obligations. Cropty takes on the responsibility of managing relationships between parties, ensuring transparency and security of transactions.
In addition, there are two other ways to obtain tokens:
XRP is not like "traditional" cryptocurrencies such as Bitcoin. They are mined through traditional mining, where rewards in digital coins are given for creating each new block in the blockchain network.
The XRP Ledger operates differently and there is no mining in the conventional sense here. The creators of Ripple immediately excluded this possibility. Transactions are verified not by miners, but by validators. The issuance was carried out at the launch of the project at 100 billion tokens. At the same time, 60% of the coins are owned by the company itself. Because of this, the cryptocurrency can be considered more centralized than any other.
Transaction processing in Ripple occurs differently than, for example, in Bitcoin. Validators — trusted nodes that support the functioning of the blockchain — are responsible for verifying operations. For a transaction to be successful, a majority of validators must agree to it. This process happens in seconds, making the platform extremely fast and convenient for financial organizations in different countries. Payments are processed instantly, especially when compared to traditional banking systems. Other cryptocurrencies can also be compared.
| Cryptocurrency | Transactions per second (TPS) |
|---|---|
| Ripple (XRP) | 1500 |
| Ethereum | 15 |
| Bitcoin | 7 |
