XRP Storage Showdown | Tangem vs. Coinbase in 2025
A growing coalition of people is debating the safest option for storing XRP, with many leaning towards Tangem over Coinbase amid rising concerns about centralized exchange security. This controversy has gained traction following ongoing discussions on user boards about potential risks tied to crypto exchanges for long-term storage.
Why Choose Tangem?
Tangem, a hardware wallet, is quickly emerging as a preferred choice for those emphasizing security. Users appreciate its user-friendly design and reliability compared to competitors like Ledger or Trezor. One user noted, "Tangem, in my opinion, is the best for transferring XRP from Robinhood to a cold wallet."
Coinbase: Risks of Keeping Crypto
While Coinbase offers convenience for buying and trading crypto, it has raised red flags regarding storing assets long-term. Concerns persist over hacks and access issues during emergencies. A participant remarked, "If Coinbase were to go bankrupt, they could immediately disable withdrawals," a sentiment shared by many worried about exchange reliability.
User Insights
Feedback from people focusing on XRP storage shows a clear trend:
Importance of Control: Many emphasize Tangem’s advantage in allowing direct control over XRP, as opposed to exchanges managing funds.
Security Concerns: Commenters highlighted incidents at exchanges like FTX, reminding others of the danger of keeping assets on platforms. “Don’t leave your crypto on exchanges,” one user warned, reinforcing the idea of personal asset protection.
Choosing the Best Wallet: The preference swings heavily toward cold storage solutions, with frequent notes indicating that hardware wallets are universally trusted over exchange wallets.
Distinct Voices
"I’d get your XRP off Coinbase ASAP. As long as it’s on there, they own it, you don’t."
"Cold wallet is the only way to go for your 10K investment."
Key Takeaways
🔒 Ownership is Critical: Tangem offers enhanced security by allowing users to retain ownership of their assets.
⚠️ Exchange Risks Persist: The historical collapse of exchanges emphasizes the need for caution with platforms like Coinbase.
📦 Wallet Preference: A significant number of people advocate for hardware wallets, listing numerous tutorials available to help with setup and transfer processes.
As of 2025, discussions around XRP storage reflect increased awareness of risks associated with centralized exchanges, prompting many to rethink their strategies. With a notable mention that security-focused users are likely to migrate towards solutions like Tangem, it's clear that safety in crypto storage is a hot-button issue.