Ripple is a California-based crypto project that manages to create tools aiming to tokenize global payments. It was founded in 2012 by developers Chris Larsen and Jed McCaleb, operating under the name Opencoin until 2015. The current CEO of Ripple is Brad Garlinghouse.
The primary goal of Ripple is to aid financial institutions and everyday users in facilitating transactions through the XRP token. Traditional bank transfers, especially those across borders, often face three problems: they are expensive, complicated, and sluggish. Ripple seeks to address this triangle of issues.
Read our Ripple review to delve deep into Ripple’s solutions and discover whether it is worth investing in XRP. And if you’re sure about investing in XRP, here we’ll show you how to create a wallet for its storage.
Step 1. Go to Trust Wallet and click the «Get Trust Wallet» button.
Step 2. Click the «Add to Chrome» button and install the extension to your device.
Step 3. Confirm the installation by clicking the «Add extension» button.
Step 4. The extension will open in a new tab. Click the «Create a new wallet» button.
Step 5. Come up with a strong password and set it. Agree with the terms of usage of Trust Wallet by checking the appropriate box. Then press «Next».
Step 6. Save the 12-word recovery phrase in a secure place. You will need it to quickly regain access to your wallet.
It is better to save the phrase in several places. Without it, if the password is lost, it will be impossible to restore access to the wallet even through the support service. Never share this data with anyone!
Step 7. Confirm your Secret Recovery Phrase.
Step 8. If you want to help improve Trust Wallet, click the «Share data» button.
Step 9. Congratulations! You created a Trust Wallet account. Now open your wallet.
Step 10. Find XRP in the list of cryptocurrencies and click on it.
Step 11. Click the «Receive» button.
Step 12. Copy your wallet address.