Last Updated on July 7, 2025 by Olga Davis
Key Takeways
- CoinRabbit – Best for easy XRP storage with loan access
- Ledger Nano X – Best for secure offline storage
- Trezor Model T – Best for open-source cold storage
- Exodus – Best for non-custodial storage
- Trust Wallet – Best for mobile users
CoinRabbit XRP Wallet
Type: Hot Wallet (Custodial)
Best for: Managing and storing XRP with the option to unlock liquidity
CoinRabbit is a custodial crypto wallet that supports XRP storage as part of an all-in-one platform. Users can hold XRP securely and, if needed, use it as collateral without moving funds elsewhere. The wallet also includes built-in swap functionality, allowing XRP holders to manage assets and access liquidity without leaving the platform. It’s designed for simplicity, with no setup or installation required.
Key details:
- Custodial XRP wallet with integrated crypto lending
- XRP can be held or used as collateral directly from the wallet
- Built-in crypto swaps — no need to transfer funds to other services
- Web-based interface, no installation or seed phrase handling
- 24/7 customer support
Ledger Nano X
Type: Cold Wallet (Hardware)
Best for: Long-term offline storage
Ledger Nano X is a hardware wallet offering secure offline storage. It supports over 5,000 assets, including XRP, and integrates with Ledger Live for portfolio management. Bluetooth support allows mobile use, though all key operations remain hardware-gated.
Key details:
- Offline key storage
- PIN and passphrase protection
- Works with Ledger Live (staking, swaps, tracking)
- Secure element (CC EAL5+ certified)
Trezor Model T
Type: Cold Wallet (Hardware)
Best for: Users preferring open-source transparency
Trezor Model T is an advanced hardware wallet with XRP support, touchscreen interface, and open-source firmware. It includes Shamir Backup and can integrate with the Tor network for privacy-focused users.
Key details:
- Shamir Secret Sharing backup
- Offline PIN access
- Open-source
- No Bluetooth connectivity (USB only)
Exodus XRP Wallet
Type: Hot Wallet (Desktop, Mobile, Browser)
Best for: Beginners and users who value design and usability
Exodus offers a well-designed interface across platforms with support for XRP and 250+ assets. It includes built-in swaps, staking (for supported assets), and optional Trezor integration for enhanced security.
Key details:
- Non-custodial
- Integrated exchange
- No account setup required
- Trezor compatibility for cold storage
Trust XRP Wallet
Type: Hot Wallet (Mobile, Non-Custodial)
Best for: Mobile-first users interacting with DeFi
Trust Wallet supports XRP and thousands of other tokens across 70+ blockchains. Private keys are stored locally. The wallet includes DEX access, staking pools, and a fiat on-ramp.
Key details:
- Private key control
- In-app token swaps
- Biometric security options
- No desktop version
Atomic Wallet
Type: Hot Wallet (Desktop & Mobile, Non-Custodial)
Best for: Users valuing privacy and multi-platform access
Atomic Wallet stores private keys locally and supports XRP on major desktop and mobile OSs. It includes atomic swaps for certain pairs and offers staking on selected coins.
Key details:
- Non-custodial with local key storage
- Desktop-first
- Limited mobile features
- Optional biometric access
Binance Wallet
Type: Hot Wallet (Custodial)
Best for: Active traders using the Binance exchange
The Binance Wallet is tied to Binance’s exchange ecosystem. It’s custodial, meaning users don’t hold their keys, but it offers seamless trading, XRP savings accounts, and portfolio tools.
Key details:
- Supports XRP staking (up to ~2% APY)
- High liquidity for trades
- Advanced security tools (2FA, whitelisting)
- Not suitable for long-term cold storage
Guarda Wallet
Type: Hot Wallet (Web, Desktop, Mobile, Non-Custodial)
Best for: Users with large or diverse portfolios
Guarda supports over 400,000 assets including XRP and offers browser, mobile, and desktop access. It includes integrated swaps, staking, and private key control.
Key details:
- Multi-platform
- Built-in exchange and staking
- Encrypted backups
- No hardware wallet support
NOW Wallet
Type: Hot Wallet (Mobile/Desktop, Non-Custodial)
Best for: Quick swaps and minimalist experience
NOW Wallet is developed by ChangeNOW and supports XRP with built-in swap functionality. It doesn’t require registration and allows users to store and exchange XRP without giving up control of their keys.
Key details:
- Built-in XRP exchange via ChangeNOW
- Non-custodial (you control the keys)
- Lightweight and mobile-focused
- No staking or advanced features
Cold vs. Hot XRP Wallets: Summary
| Type | Connectivity | Control | Best For |
|---|---|---|---|
| Cold Wallet | Offline | Typically user-held | Long-term, high-value storage |
| Hot Wallet | Internet-connected | Custodial or not | Daily use, trading, DeFi |
Many users combine both types: cold storage for long-term holdings, hot wallets for active use.
How to Choose the Right XRP Wallet
1) Control:
- If you want full control of your funds, choose a non-custodial wallet (e.g. Ledger, Exodus).
- If you’re okay with a platform managing your keys, go for a custodial wallet like CoinRabbit or Binance.
2) Use case:
- Long-term storage: Hardware wallets (Ledger)
- Daily use: Mobile wallets (Trust Wallet, Atomic, NOW Wallet)
- Loans or yield: Custodial wallets (CoinRabbit, Binance)
3) XRP support:
- Make sure the wallet supports native XRP, not just wrapped tokens or bridges.
XRP Wallet Tips for Beginners
- ✅ Avoid complex wallets (e.g. Ledger, Trezor) until you’re confident with backups and hardware.
- ✅ Always download wallets from official websites or app stores to avoid scams.
- ✅ Try with a small XRP amount first — test sending and receiving before transferring more.
