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Author Topic: Best way to store Ripple coins, in my account or download a wallet?  (Read 454 times)
Paycheck (OP)
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September 21, 2018, 01:55:34 PM
 #21

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.
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September 21, 2018, 02:22:54 PM
Last edit: September 24, 2018, 02:06:46 AM by maarx
 #22

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.

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.



























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Paycheck (OP)
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September 21, 2018, 02:49:50 PM
 #23

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!!!  Smiley
Paycheck (OP)
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September 24, 2018, 01:10:22 AM
 #24

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.
Paycheck (OP)
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October 05, 2018, 02:57:12 AM
 #25

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.
batang_bitcoin
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October 05, 2018, 03:38:32 AM
 #26

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



 

 

 

 

 

 


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iamMhew
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October 05, 2018, 03:46:54 AM
 #27

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 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.
marufnang
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October 05, 2018, 03:49:01 AM
 #28

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.
CutePanda
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October 05, 2018, 03:59:50 AM
 #29

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.

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deevan
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October 05, 2018, 01:12:53 PM
 #30

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.
atamism
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October 05, 2018, 01:21:02 PM
 #31

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.

RoftheN
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October 07, 2018, 11:26:56 AM
 #32

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
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October 07, 2018, 11:39:17 AM
 #33

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

rasulibragimavic
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October 07, 2018, 12:02:43 PM
 #34

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 !

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Globalbitcoinl
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November 24, 2018, 04:15:25 PM
 #35

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
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November 24, 2018, 05:10:39 PM
 #36

Waiting for Bitcoin 1k
berstabfido
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November 24, 2018, 06:31:38 PM
 #37

I'm tired of such hills
Yalovtsev
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November 24, 2018, 06:34:25 PM
 #38

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

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November 24, 2018, 07:00:46 PM
 #39

when moment to buy?
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November 24, 2018, 07:06:47 PM
 #40

When need to start buying?
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