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  • Xumm
  • Exodus
  • GateHub
  1. Wallets

Reviews

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Last updated 2 years ago

  • non-custodial wallet available for mobile (iOS and Android)

  • the most popular wallet on the XRP ledger - and probably the industry standard

  • 642,017 unique active users from 235 countries in 2022

  • exclusively an XRP wallet, supporting XRP and the 8000-plus tokens issued on the XRP Ledger

  • assets can be sent, received or denominated in any asset

  • cheap, fast payments

  • hardware wallet integration

  • can access apps straight from wallet (xApps), including NFT viewing apps

  • easy-to-use wallet for newbies

  • no fees for basic use, though the Ripple blockchain does charge fees that are very low

  • can choose between standard (FaceID / Passcode) and extra (password to sign transactions) security

  • good help resources on the app or online

  • can upgrade to Xumm Pro for additional features (but there is a fee)

  • a bit of a hassle to set up - no seed phrase (instead, you will need a number / letter row sequence)

  • to activate an account, you need to deposit 10 XRP into your account - these cannot be spent, but are used to pay for ledger fees (all XRP wallets require an initial deposit)

  • non-custodial Web3 wallet available as a browser extension (Chrome and Brave), a desktop app, and mobile (iOS and Android)

  • viewed as a great wallet for beginners with cross-platform support

  • aesthetically pleasing, with a simple layout

  • easy setup process

  • excellent help functionality, including quick chat services

  • token swap and support for multiple cryptocurrencies

  • hardware wallet integration (Trezor Model T for XRP)

  • can access some common apps - e.g. Compound Finance - directly from the wallet

  • lack of 2FA security protection

  • no crypto to fiat conversion

  • doesn’t yet run from Ripple blockchain, though can store XRP on the wallet and token swap

  • no NFT viewing for NFTs bought via Ripple blockchain

  • both a wallet, built specifically for Ripple, and an exchange

  • web browser wallet

  • easy to use

  • supports a variety of tokens (not a huge amount) as well as fiat currencies, via an in-built payment gateway (bank transfers) - this is one of the wallet’s biggest advantages

  • fiat currencies currently supported include USD, EUR, CNY and JPY

  • good customer support - perhaps because it includes an exchange

  • can swap tokens on the exchange

  • can purchase insurance on the wallet’s contents through Coincover

  • good analytics for seeing your assets, cash flow, etc.

  • KYC (Know Your Customer) process to set up wallet - probably because it includes an exchange and fiat on-ramps

  • need to hold a minimum of 20 XRP in your wallet which can’t be used

  • limited dApp connections

  • no NFT visual display or capacity

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