Toast Wallet Review (1)

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Toast Wallet Review

• Toast is a Ripple (XRP) non-custodial wallet that
  was founded in 2017.

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What is a Toast Wallet?

• Toast is a Ripple (XRP) non-custodial wallet that
  was founded in 2017. It was created by a company
  named StarStone Unlimited, based in New Zealand,
  Dunedin. Toast Wallet is a free, open-source
  Ripple XRP wallet which is compatible with iOS,
  Android, Windows, Mac, and Linux.
• One of the positive aspects regarding this wallet
  is that it is non-hosted, which means you are the
  only entity that holds the private keys of the
  wallet. This makes things more secure as
  important information is less exposed to hacking
  attempts.

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• This cross-platform Ripple wallet has a simple to
  use and intuitive interface and a high level of
  security, as they do not direct any information
  or passwords to their servers.
• Unlike physical wallets, digital wallets do not
  store the cryptocurrency. Rather, a secure
  digital code called the private key is stored in
  a cryptocurrency wallet. There are a number of
  third-party digital wallets that could hold a
  single currency or multiple different currencies.

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• With the launch and increasing market cap of the
  Ripple XRP currency since 2012, a robust digital
  wallet for Ripple currency was needed. This need
  was fulfilled by the Toast Wallet introduced in
  2017.
• In this article, we will provide the complete
  aspects of the Toast Wallet and cover points such
  as its features, fees, set up and installation,
  and much more. Let us look into this Toast Wallet
  review in detail now,

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Toast Wallet Features

• 1. User interface The interface has a very
  simple design. it is extremely easy to navigate
  and very intuitive. The bottom menu features
  three tabs home, send settings, and you also
  have the option to set up multiple Ripple
  addresses.
• 2. Backup You can export a backup of the Toast
  wallet into a different wallet. This is done by
  importing the Ripple secret and passphrase. You
  do need to make a backup of the toast wallet from
  the settings menu after generating addresses so
  you can use it later.

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• 3. Minimum XRP Reserve As with other Ripple
  wallets, you need to maintain a minimum balance
  of 20 XRP in your Toast wallet. You also have to
  keep a reserve of 5 XRP for each trust line or
  object in your account.
• 4. Security Toast Wallet is made secure by using
  a combination of a PIN and a passphrase. These
  are strongly encrypted and stored in your device
  using PouchDB.

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• 5. Customer Support Customer service in the case
  of the Toast Wallet, has been commendable. You
  can reach customer support by using phone, online
  ticket, and email on support_at_starstone.co.nz. You
  can also reach through social media such as
  Facebook and Twitter.

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Toast Wallet Fees and Limits

• Toast wallet is free and there are no fees.
  However, there is a 20 XRP minimum reserve which
  cannot be withdrawn. This is a feature of the
  Ripple network for the purposes of limiting
  transaction spam.
• In terms of speed, Toast wallet transactions are
  generally fast. However, like most applications,
  congestion can occur when many users are trying
  to process transactions at the same time. There
  are no limits to how much you can deposit in your
  wallet, but when withdrawing, you always have to
  make sure that 20 XRP remains in your wallet.

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Toast Wallet Supported Currencies

• Toast Wallet supports only one cryptocurrency,
  Ripples XRP token. It can be used by people from
  all countries.
• Toast Wallet is compatible with both desktop and
  mobile systems. It is being available for iOS,
  Android, Windows, Mac, Linux, as well as Chrome.

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Is Toast Wallet safe?

• Toast wallet keeps your data on your device and
  does not send information to its servers. This is
  useful for security purposes. It must also be
  noted that if you lose your phrase or backup then
  your wallet cannot be retrieved. Therefore it is
  advised to make backups and store these in safe,
  preferably offline, locations.

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• The stored XRP in Toast wallet is protected by
  strong encryption. The wallet is protected by a
  PIN, and it also generates a 24-word recovery
  phrase. The PIN and seed phrase data are kept in
  a securely encrypted JavaScript open-source
  database called PouchDB. This runs within your
  browser plugin and allows you to store data
  locally when in offline mode.

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Toast Wallet Pros and Cons
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Pros

• 1. User-friendly interface
• 2. open-source software
• 3. dedicated and responsive support
• 4. multiple XRP wallet capabilities
• 5. supports backup
•  

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Cons

• 1. 20 XRP activation and reserve
• 2. No blockchain features
• 3. Supports only XRP
• 4. The wallet can only be accessed from the
  initial set up device

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Conclusion
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• Considering the features and use of Toast Wallet,
  it is an ideal option for storing XRP. Users can
  enjoy a user-friendly interface, as well as
  dedicated and responsive support. However, they
  have to take into account that the wallet can
  only be accessed from the initial set up device.
• The Toast Wallet is seen as being one of the best
  Ripple wallets and is a trusted means of securely
  storing your XRP tokens. The code is open source
  which helps developers to verify the quality of
  the code. It can be used on a number of different
  platforms and is a great solution if you want a
  Ripple desktop wallet.

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Thank You