The world of cryptocurrencies is fast growing. Right from the first time when bitcoin came into the trend to now, when multiple types of cryptocurrencies are being used as a mode of payment around the world, things have become technologically advanced in the world of cryptocurrencies.
One such digital currency that has slowly made its way through is Ripple. Ripple has been termed as one of the fastest-growing digital currencies this year. The stupendous growth and wide popularity of this currency have given birth to a lot of discussion forums where people come up and talk about its secure storage and usage as a digital currency. It is also imperative to note that this is one of the most common concerns crypto users have. Since there are a lot of Ripple wallet options available out there that are being used by the users to store this currency, it is often a tedious task to choose the one that offers top quality services.
Fortunately, to take the weight off your head, this article will help you explore one of the prominent Ripple wallets, the Bithomp Paper Wallet. This wallet is not just a prominent option to choose, but also a preferred one amongst innumerable people. Here’s why.
Before we get into the details related to the benefits of this wallet, lets first understand all the basics that you need to know about it.
If you are one of those users for whom there is nothing quite like a good old paper, then Bithomp Ripple Paper wallet is rightly made for you. It is one of the most prominent offline Ripple wallets that are available in the market. Moreover, it is the easiest of all wallets available out there in terms of its usage and the customer experience that it provides.
A Bithomp Ripple Paper wallet stores all the essential information on a piece of paper. You can send, receive, and store your XRP holding only by using this specific paper. Even the private and public keys of your wallet are imprinted on this paper.
Since this document contains all of your critical information, it should be stored safely by you. Apart from your trusted sources, you should make sure that you don’t let anyone know about it. Only the owner of this wallet is supposed to have access to the place of storage of the wallet and its private keys.
Among all the crypto users across the world, the Bithomp Ripple Paper Wallet is touted to be the most credible digital currency storage wallet. Its secure system facilitates that the transactions take place only through the XRP tokens. And due to this wallet being offline, it is highly difficult to hack it. In spite of the security it offers, you need to be very cautious with the storage of paper that contains all the critical details about this wallet. The best way to store this wallet will be in a place where it can’t be destroyed. Additionally, you also need to ensure that the paper stays away from fire, water, and any kind of physical attack, to avoid the obvious damage that things like these may cause.
The Bithomp Ripple Paper Wallet comes with a lot of features for its users. The first thing that you should know is that it is a cold wallet type. Moreover, a major reason for its popularity amongst the users is that it isfree of cost and supportsvariousRipple (XRP) assets. This wallet is workable on a variety of supported platforms include windows, macOS, Linux. For conversion, a services fees of 0.025 XRP per transaction is charged to the users. This amount that you will pay will be inclusive of the Ripple network transaction costs. To submit the transactions, a minimum amount balance of 20 XRP should be maintained in the wallet by the users. With Bithomp Ripple Paper Wallet, you can generate a new address and get it printed on a paper wallet.
Considering all the details that are being shared above, there is no denying to the fact that the Bithomp Ripple paper wallet is one of the best paper wallets for users all around the world. This wallet is secure, reliable, and, at the same time, offers great ease for wallet creation to the users. All you need to do in order to create a wallet account is to visit the site of Bithomp. Once there, click on the “Generate” option, and then you can take a print of the paper that is generated for you. This info is all you need for all kinds of future transactions.
CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like Binance, KuCoin, IDEX, Huobi, Ethfinex, HitBTC and Cryptopia without creating an account on them. If you are interested in buying cryptos, do give it a try!