Offline Wallet For Ripple

Offline Wallet for Ripple. Yes, the wallet is a place where you can securely save your coins. The online wallets come with the exchanges you buy the coin from. But the Offline wallet works without internet and is a physical device. The XRP offline wallet will let you securely store your XRP coins. There are many available devices. Some of them are local to your place and there are many world wide available products as well.

offline wallet for ripple

Also Read: How to create account on Binance.

Offline Wallet for Ripple

There might be many companies available which are selling the product. But when it comes to money, you have to be very cautious. I will tell you this with an example.

Suppose you have cash in your home and you plan to deposit in the bank. You take it and start walking towards the best bank branch of your town. In the middle of the way, you find a person asking you to give him money and in return he will give you 2% more interest than the best bank. A wise man will never go for 2% greed. But still if you get carried away and give the money to the local man and then the man runs off, will you be able to do anything. So, think wisely guys. You might get cheap offline wallets in the market. But do not just get carried away by temporary gains.

Buy Wallet from Here

I am sure, now you will understand and invest in the branded offline wallet. I personally own the Ledger Nano S and that is why i am recommending this to you. The company ships to major countries.

If you do not have ripple, you can buy it from:

• Binance
• Cryptopia

These exchanges charge the minimum commissions.

Benefits of storing XRP coins in offline wallet

• It works without internet.
• No tensions of the exchanges shutting down. If the exchange closes, you will be having the money in your physical device. All the exchanges are not going to close together. If one closes, you can convert the coin from other.
• They are easy to use and operate.
• The world uses them and are trustworthy.

FAQs

Is there any other alternative wallet of Ledger Nano S

Yes, there are. But i do not recommend them at all. Friends, you should not opt for cheap options. I can understand if the Nano S is not available, you can select some other hardware. But when the product is available. Though it will take time to reach you, why do you need to waste your money on some other hardware.

Can i save my mined coins on Nano S

Yes, actually this is the intent behind using the offline wallet. Ripple can not be mined, but it is possible to save other mined coins on this hardware.

What if i my Offline wallet is lost

Hehe, this is not a question. This is something which you should pray that it never happen. If you lose your hardware, you will lose your coins. And somebody else will not be able to retrieve them too. So, it might happen that intentionally somebody will not steal this. But, somebody due to jealousy or anger can definitely do this.

Can i transfer my Ripple from Internet exchange to offline ripple wallet – a.k.a Nano S

Yes, it is possible to do that. You can transfer or add ripple from any other offline / internet wallet to your Nano S device.

What is the storage limit of ripple coins in Ledger nano S

You can store unlimited Ripple XRP coins in the ledger nano S wallet.

What are the compatible operating System where you can connect this device

Nano S works with

• Windows
• Linux
• Mac
• Android phone.

How does Ledger Nano S prevents security attacks and works as a perfect offline ripple wallet

offline wallet for ripple 1

It uses the latest technology both when it comes about the hardware and the software. The main highlights are:

• The Dual Chip Architecture

  Ledger Nano S is based on a dual chip architecture (ST31/STM32, Certification level: CC EAL5+). The firmware integrity is guaranteed by cryptographic attestation.

• It is MALWARE PROOF

  All data inside the device is encrypted. Even if you upgrade the firmware, the Initialization or restoration of your configuration is fully done on the secure environment of the Ledger Nano S. Your cryptographic secrets are never exposed to the outside world. This provides an additional security lock.

• Use of PRIVATE Keys

  The private keys you use are Private actually. They are never held or known by Ledger or a third party. The keys are hard locked in the Secure Element. With Ledger Nano S, your wallet remains decentralized, you are your own bank.

• Protection with PIN CODE

  Ledger Nano S ensures only you can access your accounts by requiring a 4 digit PIN code each time it is plugged to your computer.

How The Ledger Nano S is different from others and is the most popular offline ripple wallet

Now, the question comes, what’s so special about the Ledger Nano S? Aren’t all hardware wallets secure in an offline environment? Why is that the Ledger Nano Wallet is the best of all:

offline wallet for ripple 2

Well, here’s the difference:

• Because it’s an HD wallet, you control many accounts for all supported cryptocurrencies. This means that all cryptos stored here will be secure with the same backup key. So let’s say you are storing Bitcoin for your friends or family, you can label those account for them and keep them safe as if they were your own.
• You can use the Ledger Nano S to store ETH, ETC, Dash, Ripple, Stratis, ZCash, Litecoin, NEO, Bitcoin Gold, Bitcoin Cash, Viacoin and a few other alt currencies (including BTC). You can see a complete list here.
• Ledger is compatible with Windows, Mac, Linux, and Chrome OS. It can also connect to your Android device using an OTG cable. So, you can transfer your XRP coins via your android device as well.
• To receive Bitcoin, your Ledger Nano S doesn’t need to be connected to a computer. You can receive Bitcoin even if your Ledger is offline.

Signing Off

Also, you might get the same device on other platforms as well. But, please do not opt for smaller savings. Invest with intelligence. Anyways, crypto is giving you good profits. Buy it from original website only.