Ripple Paper Wallet

What is XRP Paper Wallet?

XRP Paper wallets are one of the commonly used paper wallets, wherein you can send, receive, and store your XRP holdings in a document, which should be stored safely and the secret of the place of storage and the private keys should be borne only by the owner. It shouldn’t be leaked or shared, otherwise, nobody can ever find out the source of theft. There are varied options but one basic thing is that you must have a bit of experience and it's not recommended for beginners. Setting up a paper wallet and generating the private key is difficult but once you do it, you need not worry about the security as there is no probability of getting hacked.

List of top 2 XRP paper wallets in 2020

The top 2 XRP paper wallets in 2020 are:

1 Ripple XRP Paper Wallet

Ripple XRP paper wallet provides optimal security and you can conduct day-to-day XRP withdrawals and deposits. The minimum base XRP holdings should be 20 XRP to submit transactions. You can send, receive and store XRP in this paper wallet. You must be very careful when you are using private keys. Once that is known by others, then you can’t do anything.

2 Bithomp XRP Paper Wallet

Bithomp XRP paper wallet is one of the most trustworthy wallets in the crypto space, which helps store and transact with XRP tokens very securely. You just make sure that your private key is not being shared to anyone else. And keep it somewhere, where it can’t be destroyed, as it's fragile. Even stay away from coercion and other forms of assault. This is one of the best Ripple paper wallets.

Article source: https://coinswitch.co/news/ripple-paper-wallet