How To Set Up Your Ripple Wallet?

How To Set Up Your Ripple Wallet?

Cryptocurrency boom is not something new. Since they went viral last year, cryptocurrencies still attract the attention of many investors. Maybe one of the hottest digital currencies right now is Ripple. The San Francisco-based startup provides digital tokens since 2013 and the XRP (Ripple’s token) is now the third largest cryptocurrency by total market capitalization behind Bitcoin and Ethereum.

If you want to have a taste of the cryptocurrency world, you should first get yourself a wallet. Rippex offer user-friendly Ripple wallets were you could store your XRP tokens. You can easily provide yourself with a Ripple wallet in just under 10 minutes. In order to do that, just follow our step-by-step guide.

Step 1. Downloading Ripple Desktop wallet.

 

Go to www.rippex.net and click “Menu” on the top-right. Then choose “Ripple Wallet”.

Rippex Wallet

After you do it, this page should open:

Rippex Wallet

Download a wallet that corresponds to your software.

Step 2. Install your Ripple Wallet.

Once the download is complete, run the .exe file to start the installation.

Rippex Wallet Install

Next“.

Rippex Wallet Install

 

Choose destination folder and hit “Next”.

Rippex Wallet Install

 

After a couple of minutes, your app is installed. Click “Finish” and the app will be launched.

Rippex Wallet Install

In order to use the Rippex Wallet you must agree with their terms and conditions.

 

Step 3. Create your first account. Once the Wallet App is launched, you can set up your first account. Hit ‘’Create New Account”.

How to use Rippex?

Then you can choose to either add an already existing account or create a new one. Click “Create an empty account”.

How to use Rippex?

 

The next window will ask you where you’d like to save your wallet. Choose a destination folder and give your wallet a name.

How to use Rippex?

The next thing you have to do is to encrypt your account with a password. Create complex and long password and keep it safe.

How to use Rippex?

In the window that pops, you will see your Ripple address, which you’ll need when buying Ripple coins. Here you can also check your security key. Remember to have it somewhere safe. Without it you might not be able to access your money. Have it written on paper, not on your PC. If someone compromises your computer and finds your keys you won’t see your money again.

How to use Rippex?

After you’ve saved your secret keys you are ready to purchase coins. You can do it in fashion on the Changelly platform.

If you don’t know how to use Changelly, click here.

Note that cryptocurrencies are highly volatile and you may lose large sums of money in a couple of minutes! Take measured risks!

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