Different wallet for different coins?

[banks305]

Hello,

By the question you can tell I'm a total neophyte.

I just purchased my first ETH through Coinbase.

I sent my ETH to the Binance exchange.

I exchanged my ETH for ADA and XRP.

Can I send both the ADA and XRP to the same ERC20 wallet made from MyEtherWallet on MetaMask?
OR
Do I need to have an ADA wallet and a XRP wallet?

I appreciate the help. Thanks.

[sabbathhawk]

Hello

No, you don't. If you do so you will lose all your tokens. ERC-20 tokens means that they are based on ethereum
But ADA and XRP are different blockchains, so you need to use specific wallets for these blockchains. One for ADA other for XRP
hope this helps

[katalol]

do not send them to myetherwallet. you will lose them. Why don't you let them in exchange?

[mk4]

ADA and XRP aren't ERC20 tokens, like what sabbathhawk said. Download a separate ADA wallet[1] and a XRP wallet[2]. Unfortunately multi-coin wallets like Exodus[3] doesn't currently support both XRP and ADA, but they're planning on adding XRP soon.

[1] https://daedaluswallet.io/
[2] https://toastwallet.com/
[3] http://support.exodus.io/article/96-exodus-wallet-roadmap

[banks305]

Thank you for your answers.

I didn't want to leave it on the exchange because I read it's not a secure way.

I just searched for ADA Wallet and came across Daedalus.
Says I have to download and install a program just to have a wallet.

Then I searched for XRP Wallet and see the same thing.
I have to download and install a program.

I didn't think I would have to be installing programs on my computer for each coin I wanted to get.

I assumed there was a simpler way.  
Generate a Public address and a Private Key.
That's why they say when you assume you make an Ass out of U and ME.

Thanks again.