Ripple XRP wallet

Easy Ripple XRP management on Guarda. Secure Ripple wallet with the built-in exchange and purchase features.

Create XRP Wallet

Although it is true that Bitcoin is on the first place among cryptocurrencies that users prefer, others give all their strength to achieve these positions, even if they are entirely different. The wave is one of them, a cryptocurrency that attracts the attention of many people.
Even though a particular part of the community is rather skeptical about this currency, it is still considered a cryptocurrency, although it is entirely centralized.

What is Ripple cryptocurrency?

The first thing to know is that Ripple is both a platform and a currency. The Ripple platform is an open-source protocol that is designed to allow fast and cheap transactions.

Unlike Bitcoin, which was never intended to be a simple payment machine, Ripple will definitely govern all international transactions worldwide. Pretty ambitious, but who knows? Maybe currency exchanges will disappear in a few years.

The platform has its own currency (XRP), but it also allows everyone to use the platform to create their own through RippleNet.

What is RippleNet?

RippleNet is a network of institutional payment providers such as banks and money service companies that use solutions developed by Ripple to provide a seamless experience for sending money worldwide.

Let's give an example: First, Mr. Jones lives in New York and has a box of chocolate that he doesn't need. He is very interested in watching a baseball game but doesn't have a ticket. Second, Mrs. Smith lives in Los Angeles and has a rare collectible that she would like to give away for a box of chocolate. Finally, we have Mr. Brown, who lives in Alaska and is very much looking for a rare collectible, and he has a ticket to a baseball game in New York.
In our current system, these people would probably never meet and stay with their "non-valuable" valuables.
But in the Ripple world, they could say, "Hey, I got chocolate, I want baseball," and the system will look for the shortest, cheapest combination to make it happen.

Create web wallet and store Ripple XRP

Easily send, buy, store, stake and exchange crypto right in your browser!

What is the Ripple Protocol Consensus Algorithm (RPCA)?

Unlike Bitcoin or Ethereum, Ripple does not have a Blockchain. A crypto-currency without a Blockchain can sound pretty strange - if you don't have a Blockchain, how do you check the transactions and make sure everything is OK? To do this, Ripple has its own patented technology - the Ripple Protocol Consensus Algorithm (RPCA).

The word 'consensus' in the name means that if each node agrees with all the others, there is no problem. Imagine, there is an ancient arena with one hundred wise elders and a city needs the agreement of all of them to make a decision. If everyone agrees, you can start a war, end a war, raise taxes, proclaim the Olympics, and all sorts of other interesting things. But if one of them doesn't, nothing will happen until we find out what his problem is.

How can you buy Ripple (XRP)?

Although many coins can be obtained through mining, mining using XRP cannot be performed. All XRP coins were created at the beginning of Ripple, and Ripple regularly launches coins on the market.

What is the difference between Ripple and Bitcoin?

As mentioned earlier, Ripple and Bitcoin are different in many ways. First, Bitcoin uses Blockchain or Blockchain technology, and Ripple uses a distributed consensus register, which, in turn, works with a network of servers responsible for checking and XRP encryption tokens.

Ripple's brilliant idea is to create a platform for direct transfer of real-time assets such as gold or traditional money. In turn, it seeks to become a more economical, reliable and secure alternative to replace the transfer systems that banks currently work with, such as the SWIFT payment system.

At the moment, Ripple has remained stable since its launch, unlike Bitcoin, which this year showed a lot of depreciation. Regarding transactions that process both cryptocurrencies: Ripple is capable of handling 1,500 operations per second (tps) and has been updated to increase to 50,000 Visa transactions per second. In contrast, Bitcoin processes 3 to 6 tps, excluding scale levels.

Regarding extraction, XRP Ripple cannot be extracted like Bitcoin, Litecoin, Ethereum or another cryptocurrency. The pulsation since it began its trajectory has betrayed its totality (one hundred billion), so it does not need a mining process to survive.
More and more banks and payment providers include Ripple among their options, namely that it is intended for companies or will be used from person to person, even if this is not their primary purpose. Remember that the goal of Ripple is to transfer large amounts of money from anywhere in the world and do it as quickly as possible.

Take control of your crypto on the go!

Send, buy, store, stake and exchange crypto safely directly from your mobile device!

Ripple coin value

The price of the XPR depends on factors such as:

  • Regulation: Governments or central banks do not currently regulate many cryptocurrencies. If this changes over the next few years, the ripple value may vary.
  • Technology: The underlying technology of Ripple is an international transaction platform that sets it apart from other cryptocurrencies. Several large banks have announced ripple testing, and this could affect the future price.
  • The Press: The media's definite interest in Ripple technology is likely to have a positive impact on its value

In the following table, we see in real-time the price and the circulation supply of XPR:

Is Ripple a good investment?

Disclaimer: There is no such thing as a 100% safe investment, and every decision has its risks. In any case, it's up to you to decide. However, here are some advantages and disadvantages that may help you.

Pros:

  • As highlighted above, Ripple is an official organization trusted by many banks - it is not a new Blockchain network from an unknown company.
  • No inflation. All XRP coins were originally extracted and already exist.
  • The more banks use it as a transaction platform, the greater the value of the XRP. If one day, all banks decide to start using it as a unified bank currency instead of processing FIAT currency exchanges, it will make a good fortune for all those who invested in Ripple early on.

Cons:

  • It's very centralized. The idea of cryptocurrencies is to avoid centralized control. As each XRP currency is already mined, Ripple developers can decide when and how much to release, or not to release at all. So it's basically like investing in a bank.
  • In addition to centralization, it is almost a monopoly today as Ripple Labs owns 61 percent of the currencies.
  • It's open-source - a very smart decision, but once the code is accessible to everyone there's a good chance that many people will try to hack into it. Some of them might even succeed.

How to store Ripple XRP?

Ripple developers did not create an official wallet for tokens, so XRP owners are forced to look for storage among third-party programs. We are ready to ensure our users that we wanted to come up with something that my grandmother would understand and what the banker would not disdain. The goal has likely been achieved. When searching for a Ripple mobile wallet, Guarda Wallet is advised more often than others.

Web Wallet / Desktop Wallet

  1. Open the Guarda website (be sure to add the link to your bookmarks so you don’t accidentally go to the phishing site)
  2. Click on the button "Create a wallet" or "Download for desktop"
  3. Create a New Wallet
  4. Choose a password, however, make it hard enough so that attackers cannot compromise it.
  5. Make sure to keep your passwords in a safe place, because if you lose them, then you will not have the opportunity to restore your wallet.
    More details in Knowledgebase Open in new window.
  6. Wait a couple of seconds while the program will render the wallets for you. Numeric keys, commonly known as private keys or master keys, take the form of hexadecimal codes. At first glance, it looks intimidating until you find that it is flexible enough to be recorded, printed on paper, printed on a document, converted to an image, or even remembered.
  7. Download backup to always be able to import your wallet.
  8. Go to the Ripple Coins tab, and under the QR code (also you can scan it because QR is a wallet address itself), you will see your wallet where you can transfer funds from the Binance trading platform.

Mobile

  1. Go to the Apple App Store or Google Play Store.
  2. Find Guarda Wallet and download it to your device. Click on the button "Create a wallet"
  3. Create a New Wallet.
  4. Choose a password, however, make it hard enough so that attackers cannot compromise it.
  5. Make sure to keep your passwords in a safe place, because if you lose them, then you will not have the opportunity to restore your wallet.
    More details in Knowledgebase Open in new window.
  6. Wait a couple of seconds while the program will render the wallets for you. Numeric keys, commonly known as private keys or master keys, take the form of hexadecimal codes. At first glance, it looks intimidating until you find that it is flexible enough to be recorded, printed on paper, printed on a document, converted to an image, or even remembered.
  7. Download backup to always be able to import your wallet.
  8. Go to the Ripple Coins tab, and under the QR code (also you can scan it because QR is a wallet address itself), you will see your wallet where you can transfer funds from the Binance trading platform.

Hardware wallet for Ripple XRP

Hardware wallets (as Ledger) for storing cryptocurrencies (without being tied to the Internet) resemble flash drives or credit cards. The Ripple system today supports two such models: the Ledger Nano S.



It is also important that the wallet does not have access to user information. All private keys are stored locally on the end-user device to let users have complete control over their funds. During the installation process, a backup copy of your wallet is created and all information is encrypted. Users can also add various biometric token authentication systems to the wallet, such as a Face or Touch ID. These features make Guarda one of the best coin wallets on the market.

Download Guarda Desktop Crypto Wallet

Store, send, buy, sell, stake and exchange crypto using the decentralized, non-custodial desktop wallet. Your data stays private – account registration isn’t required.

Desktop Wallet
Guarda chrome extension

Chrome Extension

Try Guarda Chrome extension and
interact with blockchain in browser!

Download Extension