Last updated on January 29th, 2018 at 11:41 pm
As stated in the title, I want to buy XRP and transfer it to a secure Hardware Wallet. I do not plan to use it to buy things, or to actively trade it. This is for a long term (5yr+) investment…trouble is, I am not sure how to do this. I realize I don’t want to leave my XRP on a host site and that a Hardware Wallet is the most secure thing for holding your XRP.
Do I purchase XRP through GateHub or similar host and then have the option to transfer from my account with them to a Hardware Wallet? I can’t find any answer on this matter or perhaps I am just not understanding the “transfer wallets” discussions.
Can a Hardware Wallet simply be a USB Flash Drive or does it need to be something like a Ledger Wallet?
A hardware wallet is a dedicated device with special security features which ensure that your private keys can’t be copied / stolen from the device. USB sticks don’t have any of these features and even storing your private keys within an encrypted file on a USB stick is nowhere near as secure as a proper hardware wallet.
As the Trezor doesn’t currently support Ripple, I’d suggest a Ledger hardware wallet instead. The Nano S model is very popular. For more details on it, please see our review of it here:
The Ledger Nano S has a Chrome plugin which functions as a wallet for your Ripple. If you follow the instructions on the Ledger site, it’s very hard to go wrong and your Ripple should be secure over the long term.
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