Best way to store Ripple coins, in my account or download a wallet? - page 2.

Paycheck

jr. member

Activity: 199

Merit: 1

I was just reading the Toast wallet FAQ, and it said the wallet locks up 20 XRP for reserve. No big deal at 50 cents, but when Ripple blows past $500, I do not want $10,000 of my money sitting frozen due to some dumb requirement! Screw that noise!!!

Ripple just passed 65 cents and knocked Ethereum from the #2 position. Ripple is now the #2 highest market cap coin! Get that on the news, get uneducated consumers to mortgage their house to buy Ripple, pump the price sky high, and make me some nice PROFIT!!!

maarx

hero member

Activity: 882

Merit: 517

cloverdex.io

Quote from: Paycheck on September 06, 2018, 09:18:38 PM

During 2018, I've been mining on NiceHash and trading my BTC for XRP on the Bittrex exchange. I have about 4200 XRP, all sitting in my Bittrex account.

I've been wondering if it is ok to leave it there, or would I be better off storing at least part of it in a downloadable wallet?

Are any exchanges besides Bittrex dealing in Ripple these days? I have Coinbase and Gemini accounts, but no XRP there yet.

As far as your accounts and wallets you would create are and will be secured, XRP can be kept anywhere. Yes Coinbase and Gemini wallets do not have option for XRP. I would advice you to have a wallet supporting XRP as well. Wallet is much better. I do have experience. Keep your wallets secured with secure options given by the wallet providers. This is individual's responsibility to safe guard their wallets.

Paycheck

jr. member

Activity: 199

Merit: 1

Yes, I agree with the above suggestions for getting it off the exchanges. It might not have mattered until recently, but with Ripple shooting up to thousands of dollars a coin soon (I hope!!!), I need to get it off the exchange. Thanks for the tips.

GERMO COIN

member

Activity: 406

Merit: 10

EndChain - Complete Logistical Solution

if I think downloading a wallet is the right choice to save your coin Ripple, because your coin Ripple will definitely be safe if it is stored in a wallet.

Walter edmond

newbie

Activity: 59

Merit: 0

There are a lot of options to choose from. The two best ones are toast and nano ledger. But in terms of the best one among these two, nano ledger is the one that will be easy to use for all topes of users.

m.awanda

newbie

Activity: 52

Merit: 0

Ripple is 3rd largest cryptocurrency by market cap. It’s important to store coin in a wallet very safely. There are many wallets to store ripple. Personally I think Ledger nano s is very good to use.

ETHTachometer

newbie

Activity: 52

Merit: 0

I'd suggest you to store some part of it in a wallet and some part of it in the account. In that case you should keep in account only the amount you can afford to lose and the rest of that in the wallet. So that , you can have a part in storage and another part ready for any kind of exchange.

Emmy92

jr. member

Activity: 837

Merit: 1

I think the best way to store any coin is in a wallet you have control of, that is a wallet you have its private key. This is my opinion, you can make further enquiries so as to make the right decision.

asritajudin

full member

Activity: 352

Merit: 100

In my own opinion, I do not think it is good to store your funds on an exchange for long long time because anything can happen, I believe it will be better if you download a more potential hardware wallet as it is reliable and you can keep your coin there for a long term.

cryptoherr

member

Activity: 114

Merit: 10

Empowering crypto w/ sustainable energy

it depends on the amount you want to store. A ripple wallet Costs you 25 xrp i think, in order to activate it. So if you want to store samll amounts just use an exchange

CoinsOrDie

full member

Activity: 448

Merit: 100

Quote from: Paycheck on September 06, 2018, 09:18:38 PM

During 2018, I've been mining on NiceHash and trading my BTC for XRP on the Bittrex exchange. I have about 4200 XRP, all sitting in my Bittrex account.

I've been wondering if it is ok to leave it there, or would I be better off storing at least part of it in a downloadable wallet?

Are any exchanges besides Bittrex dealing in Ripple these days? I have Coinbase and Gemini accounts, but no XRP there yet.

Do not let cypotocurrency at the exchange, because the exchange can be attacked at any time. Or you will lose control of the account if your email is hacked. The best way is make your computer is clean and download a wallet to store XRP.

Caesar-Giulius

sr. member

Activity: 728

Merit: 250

Buy, sell and store real cryptocurrencies

IMO, exchange is not a safe place to store your ripple for long. As far as I know of, there is no official wallet from the ripple developer. You are better off saving your ripple in hardware wallets.

Ostonian

full member

Activity: 912

Merit: 100

It is best to store cryptocurrency on hardware purses. As for me, this is the most convenient and safe way of storage. And any electronic wallet is susceptible to breaking, under which the cryptocurrency can be stolen.

yla1974

sr. member

Activity: 700

Merit: 380

Everyone decides how and where to keep their money. If you use sales and purchases, to increase the number of coins, the withdrawal from the account will be silly. If for long storage, then yes, only on a cold purse, and expect. Decide to you what you are pursuing the goal!

eternalgloom

legendary

Activity: 1792

Merit: 1283

Ledger Nano is definitely the easiest and safest way to store your Ripple.
They're not that expensive and really your best option if you have more than, say, $100 worth of crypto.

I guess a desktop wallet might be slightly better than using the web wallet, but I would really recommend just getting a hardware wallet.

BogdanGFTP

full member

Activity: 504

Merit: 101

Holding a large amount of coins at exchange account is not the safest way to store cryptocurrency. The most safety option here is to use a hard wallet or even a different computer/server without online access. But for small amount of coins holding at the exchange account is a good choice.

Hanebel

full member

Activity: 363

Merit: 100

It is always safer not to store your coins in an exchange because of hacking issues. I agree with "bitmover" above, store it in ledger nano since hardware wallets are the best on terms of security. You can have it for less than 500 XRP.

tamango

full member

Activity: 602

Merit: 100

I think you should not leave your coins on any exchange becasue they are the main target for hackers. Buy a Ledger Nano S if you haven't one and store your coin there.. it's one of safest wallet you can have actually

DarkVampire

newbie

Activity: 32

Merit: 0

I keep my coin in ledger nano. I suggest every one to use this. It secure your coin and transaction. Bittrex is a very god exchange but there is a great attack vector in every vector. So I prefer ledger nano.

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

I have a small amount in my ledger nano

I recommend ledger nano to everyone. It's a worth investment. It's good to invest in your security.
Bittrex is a nice exchange, but every exchange is a great attack vector. It will probably he hacked one day, so many people trying.

Move your coins to a wallet, and ledger nano is a safe bet.

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