Is a cold or hot wallet better?

It depends on use. A cold wallet better protects what you will keep for a long time, and a hot wallet is easier for frequent use. Many people combine both.

Is there an official XRP wallet?

No. The XRP Ledger is open source and has no official wallet. Ripple does not offer one to the general public either.

What if I lose my secret key?

Without a backup, you lose access to that XRP forever. Nobody can recover it for you.

How much XRP do I need to open a wallet?

Enough to cover the account reserve, which stays locked while the account exists. You can see the current value on the XRP Ledger health page.

XRP wallets: cold and hot

What an XRP wallet is

A wallet stores the keys that let you move your XRP. The XRP itself sits on the XRP Ledger, at an address starting with r. Whoever holds the secret key controls that balance, so protecting it matters most.

Cold or hot: the difference

	Cold wallet	Hot wallet
Where the key lives	On a separate device or card	On your phone or computer
Internet connection	The key never leaves the device	The device is online
Best for	Long-term storage	Frequent use and payments
Main risk	Losing the device without a backup	Malware, scams and fake sites
Cost	You must buy the device	Usually free

Many people use both: a cold wallet for what they will not move, and a hot wallet with a small balance for daily use.

Cold wallets for XRP

Wallet	Format	Keep in mind
Ledger	Device	Used with the Ledger app
Trezor	Device	XRP works only on some models: check yours before buying
Tangem	Chip card	Used with your phone over NFC. Xaman also offers Tangem cards
DCENT	Device	Used with the DCENT app

Hot wallets for XRP

Wallet	Format	Keep in mind
Xaman	Phone app	Built for the XRP Ledger. Formerly Xumm
Crossmark	Browser extension	Built for the XRP Ledger
Joey Wallet	App and browser extension	Built for the XRP Ledger
Trust Wallet	Phone app	Multi-chain: works with XRP and many other networks

The order is not a ranking and we did not test each product. Links are official, not referrals: this site is not paid for them. Information, not investment advice.

Exchange or your own wallet

If you keep XRP on an exchange, the company holds the key: it is easier, but you depend on it. With your own wallet the key is yours and nobody can recover it for you. See how much XRP each exchange holds on XRP on exchanges.

Before you use a wallet

Reserve: a new account needs 1 XRP to activate, and that reserve stays locked while the account exists. Check the current value on XRP Ledger health.
Secret key: write it on paper and share it with nobody. Real support will never ask for it.
Official site: download wallets only from the maker’s site and buy new devices from official stores.
Destination tag: when sending to an exchange, copy the destination tag too. Without it, the XRP may not be credited.
Small test: before moving a lot, send a small amount first.
Your address: you can check it for free on quantum security.