It is hard to keep up with the latest trends in cryptocurrency trading but one thing is certain, Ripple is more than a fad.
Initially launched as a competitor to Bitcoin and Ethereum, Ripple has done an excellent job at carving out its own niche in the cryptocurrency market. Not only that, but the technology underpinning it all has attracted the attention of a lot of different segments, from banking to industrial contracts.
That is to say, Ripple’s future not only looks bright but also solid. If you’re an investor looking to get in on the ground floor of what could be the biggest thing in cryptocurrency since Bitcoin, Ripple is probably a pretty safe bet.
Calling itself a real-time gross-settlement system created by Ripple Labs, Ripple cryptocurrency uses a distributed open-source internet protocol to support everything from fiat currencies like dollars and Euro to cryptocurrencies and even commodities. This broad applicability has Ripple being used as a potential medium of exchange for nearly everything found in the modern economy. And this has a direct impact on the cryptocurrency’s value but also on how you store it.
As a distributed ledger system, Ripple is somewhat different from Bitcoin, and, indeed, many of the other cryptocurrencies out there. This is because most of them preference anonymity and security while Ripple is specifically geared towards consumers and professional institutions. Indeed, the public ledger makes Ripple preferred by traditional financial institutions and offers many advantages over Bitcoin’s structure.
Knowing all of this, you wouldn’t be remiss in thinking that the wallet used for Ripple might be a little different from the others since it is different in its format. And here you are largely correct, though old stalwarts like the Ledger Nano S and the Guarda make excellent Ripple wallets.
In this article we’re going to talk about the top 8 Ripple wallets currently available on the market. We hope that this will help you make your decision as to which one to use when storing your Ripple cryptocurrency.
We’re going to look at a lot of things including ease of use, security, features, convertibility between cryptocurrencies, as well as access – such as web portals, apps, and other devices.
Hopefully this will help you make your decision but also help you decide what level of Ripple trading you are currently at or what you are comfortable with in the marketplace. Everyone has different needs and preferences as a trader. Deciding what those are will help you choose the right wallet for your needs.
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