XRP is almost a security, according to a council created by US's biggest cryptocurrency exchanges. Crypto Ratings Council (CRC) awarded XRP a four on the scale of five – the highest value indicating that an asset is a security.
Apart from this, do I need a wallet for XRP?
You can buy and sell XRP on a wide range of cryptocurrency exchanges, but before you do, it's essential that you set up a safe and secure wallet to store your XRP.
Event, what is the best wallet for Ripple? Best XRP Wallets 2020
Just, what is XRP used for?
XRP is a token used for representing the transfer of value across the Ripple Network. The main purpose of XRP is to be a mediator for other - both cryptocurrencies and fiat - exchanges. The best way to describe XRP is a 'Joker'.
Where do you keep XRP?
If you are buying XRP that you plan to hold for a while, then the Ledger Nano X is probably the easiest way to securely store your XRP for a long period of time. When digital currency is stored on online computers, it can easily be obtained by malware or hackers.