Bitcoin Forum

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.

I have been using the toast wallet with great success.  There were a few option if I remember correctly however I believe the toast wallet was the hands down favorite that I gained from my research.  Toast is the only RIPPLE wallet I have used and it has worked flawless. 

Is the toast wallet reliable, as in Bitcoin Core reliable?  I'd like to spread my coins over several storage places instead of HODLing them all in one spot.

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.

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.

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

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.

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.

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.

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!

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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!!!  :)

I was looking on Coinbase, and it seems that they just give the prices for XRP, I did not see a way to park some XRP there.  Can it be stored there?  I don't think so.

Finally got my coins a little more secure.  I got a Ledger Nano S last week, but just got around to setting it up tonight.  I moved 2000 XRP to my Ledger, and put 750 XRP in my account on another exchange, and 750 XRP in my account on yet another exchange.  This way my XRP is in 4 different places, so I think that reduces the chances of a complete hack-fuckery to a minimum.

I agree that moving all my XRP to the Ledger might be the best thing, but I don't trust any one thing to have all my coins in it.

Now I just need Ripple to surge over $5000 per coin long enough for me to cash out and retire.

It's not advisable to leave most of your coins on exchange if you are not going to trade it anymore.

if you want to hold it for better and tighter security, avail your own hardware wallet.

1. Ledger Nano S
2. Trezor
3. Keepkey

i strongly suggested that dont store all your assets in an exchange site, or else it would be lost unluckily. i mean, exchange sites are not totally safe to put all our assets although they has a strong and updated security, because now aday it maybe more prone to been hacked someday. there are many exchange sites that been hacked in the past, and all the traders in there are get regrets by putting all their assets in an exchange site.

I believe it would be a lot safer to store your coins away from the market. We don't really hope that the exchange will get hacked, but just in case a worst thing happened, we still able to safe our assets.

I think if you store your coins in big exchange like bittrex, coinbase or another big exchanges it will be safe than store your coins in wallet like MEW especially if you access your MEW with Private key it will be more dangerous.

It would be a great security measure from your side to send your XRP to your personal wallet, keeping a large amount on an exchange is not safe, but if you want to trade them for short term then keep only that amount of XRP which you are willing to do so, part of it transfer to your wallet for which you have the private keys. The best wallet could be Nano LedgerS only. Exchanges can be compromised any time which results losing your XRP.

I just leave my coins on whatever exchange I am trading them. I haven't gotten any problem doing that regardless of how much my token is. What is happening is that only those who have problems are being reported while there are hundred thousands users storing their coin without have any problem. I think the odds of having a problem to an exchange will be 1/1000 so there is nothing to worry about storing your coins on the exchange. They are meant for that as well.

Download the wallet and make sure that you are the only one that has the private keys to the wallet. There is no better place for you to store your coins than on your own wallet that you have downloaded and you are the only one who has access to it. Every other thing is just risky and the only thing better than your own wallet is a hardware wallet

Of course, if I were you, I would transfer to my wallet, hackers are more likely to attack the stock exchange than simple wallets.

Of course the safest place to store it is a cold wallet without access to the Internet. But if you are trading on the exchange then be sure to put two-factor authentication !

if you want to store for a long-term investment and the coin supports this possibility, you can store on multi-wallets.  a small number of coins makes sense to leave on the stock exchange

Waiting for Bitcoin 1k

I'm tired of such hills

You can just divide the tokens into parts,and make them on different exchanges, that's all, and do not sweat than for ripple to start a purse,I would do so, although it may be more convenient for you to keep the entire amount in one place,as they say, for the color and taste of the lover

when moment to buy?

When need to start buying?

If you do not plan to trade these coins, it is better not to keep them on the exchange. The exchanges are often hacked and your money can be stolen. It is most reliable to keep money in your wallets, and it is best to split them into 2-5 wallets.