XRP is one of the fastest and cheapest cryptocurrencies used worldwide, making it a desired option in the payment sector. As crypto is a major player in online transactions, using a reliable wallet will help you store your XRP securely. This guide gives step-by-step instructions for creating and using an XRP wallet on Trust Wallet.

What is XRP?

XRP is a cryptocurrency for fast, affordable international transactions. It uses Ripple’s open-source, distributed XRP Ledger blockchain network.

Market makers, banks, and payment providers use XRP because of its lower transaction costs.

Why Use Trust Wallet?

Trust Wallet is a user-friendly, secure cryptocurrency wallet that allows self-custody. It can hold multiple cryptocurrencies, including XRP, and provides useful features like token storage, staking, and DApp access.

You will have complete control over your digital assets and private keys.

How To Create Your XRP Wallet

Before we discuss moving XRP tokens, the first step is creating a wallet. Thanks to Trust Wallet, this is easy. Follow these instructions for proper guidance.

Step 1: Getting Trust Wallet

Go to the app store on your device. If you own an iOS or Google Play Store for Android, look for “Trust Wallet” in the search bar and download it. Make sure that it is the official application to avoid being scammed.

Step 2: Generate Trust Wallet

• Open the Trust Wallet application and click ‘Create a New Wallet.’
• Accept the terms.
• Trust Wallet will provide you with a custom 12-phrase password that you will use to recover your account when necessary. Use this phrase wisely; it is the key to accessing your assets if you forget your password or lose your device.

Keep the recovery password safe by writing it down. Never save it online or share it.

• To verify the password, click the words in order.

• Once verified, you will be able to explore your wallet.

Step 3: Use Your Trust Wallet

Apart from checking your crypto balance, you can send and receive tokens alongside other functions like purchasing crypto.

Activate Your XRP Wallet

In contrast to many other cryptocurrencies, opening an XRP wallet requires an activation procedure. This involves adding a small amount of XRP to fund the wallet, which acts as a network reserve.

Why Is Activation Important?

The XRP Ledger network always requires a reserve of 1 XRP to activate any wallet. This fee prohibits the opening of empty wallets. Once deposited, this 1 XRP is locked and cannot be utilized or moved.

How to Activate Your XRP Wallet

Step 1. Open the Trust Wallet app.

Step 2. Type “XRP” into the search bar.

Step 3. To receive your XRP wallet’s address, click “Receive.”

Step 4. To fund your wallet with a minimum of 1 XRP, you can:

Buy XRP through the Trust Wallet (steps are shown below).

Or deposit it from an exchange or a different wallet.

Your wallet will be ready and activated once the transaction is complete.

How You Can Buy XRP Via the Trust Wallet App

Thanks to Trust Wallet’s integrated partners, buying XRP is stress-free. Here’s how you can do it:

From The Mobile Application

• Click on “Buy” on the app’s home screen.

• Search “XRP” and click it.

• Choose what currency you would like and put the amount of XRP you want to buy.

• Choose a reliable third-party provider from the list.

• Complete the transaction by following the on-screen guide.

Using the Browser Extension

• Launch Trust Wallet’s browser extension.

• Look up XRP and select it.

• Choose the payment method and the third-party provider you would like to use.

To finalize the order, input the amount of XRP you want to buy and complete the rest of the steps.

After the purchase, you will see XRP tokens in your wallet.

How to Transfer XRP Into Trust Wallet

If you already have XRP in another wallet or exchange, you can transfer it to your Trust Wallet. Let’s see how to do this.

Step 1: Copy Your Wallet Address

• Open Trust Wallet and click “Receive.”

• Look for “XRP” and tap it.

• Copy the XRP wallet address assigned to you.

Step 2: Transfer Funds

• Go to the wallet or exchange where you have stored your XRP.

• Paste your Trust Wallet address into the “withdraw” or “recipient” option.

• Input the amount of XRP that you wish to transfer.

• Confirm the transaction.

Once the transaction is confirmed on the XRP Ledger, you will see your XRP tokens in the Trust Wallet.

Keeping Your XRP Wallet Safe

Below are some recommendations.

• Use Secure Storage for Your Recovery Phrase: Keep it private. Do not disclose it to any individual or post it online.

• Turn Biometric or PIN Protection On: This function enables additional security on your Trust Wallet.

• Download Only from Authorized Providers: Download the Trust Wallet app from the official app stores and obtain XRP exclusively from accredited providers.

• Always Stay Updated: Stay informed about changes in the XRP network and Trust Wallet’s policies. This will prevent unpleasant surprises.

Conclusion

Setting up and using an XRP wallet with Trust Wallet is effortless. With this guide, you can complete the setup and activation of your XRP wallet and buy, deposit, or manage XRP in no time.