Though all the exchanges allow you to store your cryptocurrencies, it’s not an ideal place to store them safely, you need to pick a secure wallet to store them safely, and for that, you can pick any wallet like a hardware wallet, paper wallet, desktop wallet or mobile wallet.
Now that you have your wallet ready, sign up to an exchange that supports trading in XRP. Activate your account via email and login. To make a trade, you will need to verify your account to deposit fiat currency funds, including USD. You will need to submit your proof of address, which can take up to 2-3 days to verify.
Once verified, you need to select the ‘Deposit’ option under your profile. From here, select your local currency and transfer preference. Send your fiat currency by following on-screen instructions.
Now click on the trade tab and select New Order. Buy XRP by inputting the amount of XRP that you want to buy. Once you have your XRP, move it to your wallet, where it can be stored safely.
XRP is a native asset of the decentralized XRP ledger. You can easily buy and sell XRP in various crypto exchanges, but before starting that, it is important that you set up a secure wallet to store your XRP. While searching for the Ripple wallet, there are few things that you should keep in mind:
You should know that not all the wallets support every currency, so make sure that you choose a wallet that is fully compatible with XRP.
Transferring and storing the cryptos is not an easy process for the beginners, so make sure that the wallet that you have picked has an easy to understand interface.
The wallet should be backed by the development team that can upgrade and improve its features on a timely basis. There should be good support when you have any issue with storing your XRP.
Security is the foremost thing that you should consider while selecting a wallet. You should know whether a wallet is a hot or cold wallet. What measures is the development company taking to protect your private data? Only after considering such things you should pick a wallet.