XRP is not a decentralized cryptocurrency but still it’s performing well. As of now, there is no better way to store XRP than a hardware wallet. There are very few resources available on internet to guide a newbie on Ripple therefore some Ripple investors are struggling to find the best way to store their XRP. One can create Ripple paper wallet using GateHub but it’s a bit technical and risky. Therefore, if you own XRP then you left with only one choice and that is hardware wallet. You’re reading this post, it means you already own Ledger Nano S cryptocurrency hardware wallet. And you want to store your Ripple to Ledger wallet. In this post, I’m going to show you how to transfer Ripple to Ledger Nano S using Ledger wallet Ripple application.
It’s a very easy process, all you need to do is just setup Ledger wallet Ripple application and then copy your Ripple wallet address and send your XRP from your exchange to your Ledger wallet. Let me show you step by step how to do this.
How to Transfer Ripple to Ledger Nano S –
To move Ripple to Ledger Nano S or Blue, first of all, visit Ledger wallet applications page. From there, click on your device.
Next, click on Install Ripple wallet. Then, scroll down and click on download button. After clicking on the button, a Ripple wallet setup file will be downloaded on your computer.
Once the file gets downloaded, go to the location where you’ve saved your Ripple wallet file and then install it on your computer.
After installing the Ledger wallet Ripple application, a Ledger wallet Ripple shortcut will be created on your desktop.
Now open the wallet and then you’ll be asked to connect your Ledger device.
Simply, connect your Ledger device to your computer and then use left and right buttons and highlight Ripple wallet. Then, press both buttons together to connect your Ledger wallet.
Once your Ripple wallet opens, click on Receive button.
Thereafter, you’ll be able to see you Ripple wallet address. Just copy that.
Now, we’ve to go to our exchange where we’re storing our XRP. In the next steps, I’m going to use Koinex exchange’s screenshots. If your exchange is different then don’t worry steps will remain be the same.
Log in to your exchange and go to send/withdraw Ripple section. Thereafter, click on Withdraw/Send Ripple button.
Now, enter volume that you want to send. Note: Send more than 20 XRP because to book a Ripple wallet, it’d have minimum 20 XRP. If you send less than 20 Ripple than you’ll not receive your XRP and your transaction will be failed.
Note: First, send a small amount say 25 to verify your Ripple wallet address. Once you receive your sent XRP then move all of your Ripple to your Ledger wallet Ripple application.
Next, in the destination wallet address field, paste Ripple wallet address that we’ve copied from our Ledger device.
Destination tag, it’s a very important thing if you do not enter a destination tag then you may not receive your Ripple. Ledger wallet Ripple application does not have destination tag therefore you’ve to follow the instructions given by your exchange for example in the above screenshot, my exchange has advised me to enter 123456 if my destination wallet does not have a destination tag.
If you’re seeing Remarks field then you can enter any text there.
After entering all the details, click on Next or Send or Submit button.
In the next step, you’ll be asked to enter two step authentication password, if enabled.
That’s it. You’ve successfully moved Ripple to Ledger Nano S or Blue.