Cryptocurrency has been ruling the market for quite some time. But of late they have geared higher with new currencies being launched now and then.
But not every currency can make it to the market; some even fail to pull out the ICO while others are not able to cross their benchmark.
Here we are going to talk about a currency that is taking the market by storm. No, it’s not bitcoin’s, let’s overcome the bitcoin fever, we are talking about Ripple. Yes, Ripple is the new bitcoin. Making its mark on the cryptocurrency market traders are shifting focus on this relatively new kid on the block.
So let’s learn how to trade Ripple
Firstly you need to have an authentic link to trade, either a new registration or via referral from an existing trader. You need to register with your Details and make an account with the official trading website to buy Ripple.
But it doesn’t end here. Just like you take out paper currency from a cash point and store it in your wallet, you need an e-wallet to store the XRP Ripple. These are electronic wallets that have big coded keys to protect and safely keep the cryptocurrency. Only the correct key code and personal verification will allow operation from the wallet. Now it means these wallets are very secure, to safe keep and do any transactions with the Ripple.
Best Ripple wallets
For your convenience we have shortlisted top three Ripple wallets that are trusted by many uses:
- Hot wallet: For cryptocurrency or XRP storage or trading authentication blockchain system is used. A wallet that is accessible online and is readily available with backing from blockchain is called a hot wallet. It’s one of the very secure ways to store and transact Ripple, and each movement of the currency is backed by blockchain and is accessible to every user to verify.
- Software wallet: when it comes to software wallet, it’s like an online wallet software that can be held on your device whether a phone or tablet. You can access such a wallet any time using internet connection. Having a software wallet is quick and straightforward and very easy to access from almost everywhere. But it’s a bit vulnerable to hacking if you are not using a secure connection to access it.
- Hardware wallet: Now this is some real technology. It is a physically existing genuine wallet but required the computer system to access. This means it’s more or less like a hard drive or a USB device that you need to connect to a network to access. Some such devices come with a built-in screen to view all wallet details. Although some may feel it safe to store Ripple on hardware wallets, it’s hard to maintain it. At times it may need a change of device which can be cumbersome.
So, all in all, you can use any of the three types of Ripple wallet to hold your investment.some good example of Ripple wallet safely you can buy are:
- Ledger Nano S
- Cryptonator and
- Toast wallet