Toast Wallet Review – Security, Features, & Setup Guide

Toast is a wallet that offers an easy-to-use interface and high levels of security. It allows you to store multiple cryptocurrencies in one place, giving you the freedom to trade between them without having to worry about losing your funds.

The xumm wallet is a new cryptocurrency wallet that can be used to store, send, and receive cryptocurrencies. It offers security features such as 2-factor authentication and an address book for your contacts.

There are a few important words in the realm of cryptocurrencies that you should be aware of…

One of such words is “wallets” (assuming you are interested in storing your crypto investments safely and securely).

For hundreds of different cryptocurrencies, there are hundreds of different wallets. So, how are you meant to know which wallets are the finest and most reliable?

So, today we’re going to go over all there is to know about Toast Wallet, an open source digital wallet.

We will evaluate the wallet on the following factors in our unique Toast Wallet review, and at the conclusion of the review, we will provide our score across all of the assessment areas, as well as our advice on whether or not you should use it.

The following are the criteria we used to evaluate the Toast Wallet:

  1. “Can you tell me whether Toast Wallet is simple to use?”
  2. “Is Toast Wallet secure?” you may wonder.
  3. “Are there any costs associated with Toast Wallet?”
  4. “Who is the Toast Wallet crew, and are they trustworthy?”

(Oh, and in the end, we’ll show you how to activate Toast Wallet step by step so you can make sure you’re using the most recent and up-to-date version.)

Are you in a hurry and need the TLDR version?

TLDR; Toast Wallet is a decent (not excellent) choice if you want a free and best Ripple wallet that is cross-device and has numerous security features to guarantee the secure storage of your XRP so you can sleep well at night knowing that no hacker can even come close to stealing your coin.

With everything out of the way, let’s get down to business with our Toast Wallet review.

“How Easy Is It To Use Toast Wallet?”

To sum it up in an one word: sorta.

In terms of real functioning, it is capable of doing what you want (which is safely storing your XRP obviously).

Is the experience comparable to that of a Trezor or Ledger wallet?

That’s not even close.

It’s not difficult to find out how to use a Toast Wallet (as you will see in the tutorial at the end of this article). However, the user interface is rather disappointing.

“You get what you pay for,” as the phrase goes.

That seems to be the case with Toast Wallet as well, at least in terms of the user interface.

Given that it is a free program, there does not seem to have been much work put into the user interface or user experience.

But, regardless of how awful the software is, let’s speak about how simple it is to use Toast Wallet.

It was very simple to browse after installing Toast Wallet on my iPhone.

There are three tabs on the bottom menu: home, send, and settings.

Full marks there for being quite intuitive.

You may also simply add several Ripple addresses with their own nicknames and passwords when creating a new account.

So, despite its unappealing appearance, it seems to be pretty simple to use.

“Is Toast Wallet secure?” you may wonder.

After playing around with Toast Wallet, I can say that it seems to be as safe as any other mobile crypto wallet I’ve seen.

To be honest, the security of your crypto wallet comes down to your level of responsibility as a crypto investor.

If you store your passwords, codes, and other cryptographic information wisely, you improve your chances of keeping your crypto secure.

However, if you lose your phone on which Toast Wallet was loaded, as well as your passcode, you’re out of luck and may say goodbye to your Ripple.

Toast Wallet, on the other hand, has a number of security measures that make me feel more confident about using it…

  • To safeguard your wallet, you should require the user to establish a PIN, recovery phrase, and passcode (again these are only useful if you store them securely)
  • No user data is backed up (it’s good to know your wallet information isn’t kept on any centralized servers).
  • They make it simple for you to make a backup copy of your wallet addresses. 
  • A minimum balance of 20 XRP is required.

Let’s expand on that final point…

The reserve of 20 XRP is intended to deter spammers from creating hundreds or thousands of unnecessary wallets. 

I don’t believe it matters much in terms of your security, but it’s good to know there are less spammers in the Ripple ecosystem.

Another feature I appreciate about Toast Wallet is that it is open source, which means that anybody in the Ripple community may contribute to the coding to help develop the wallet, identify and solve problems, and improve the app in general.

Finally, Toast Wallet seems to have a sizable Discord community (, and their support appears to be responsive to their customers in the Google Play and iOS App Stores.

“Are There Any Fees With Toast Wallet?”


There are 5 stars for you. 

Toast Wallet, on the other hand, is totally free to use. Although the Ripple network charges fees to communicate with it, Toast Wallet does not.

“Who are the people behind Toast Wallet?”

StarStone Software seems to be the firm behind Toast Wallet.

After a short Google search, I discovered the following website:

Toast Wallet Review – Security, Features, & Setup Guide

In addition, I couldn’t discover anything about their staff on LinkedIn.

So, as someone who should be entrusting this wallet with my hard-earned XRP, I’d be reluctant to do so without first learning more about the staff.

Knowing who the real founding team is isn’t as important since the project is open-source, but it would be more comforting if they were transparent about their identity.

So, what are our final thoughts on Toast Wallet?

Personally, I would choose the Trezor wallet above any other option.

My overall investment attitude is similar to my health philosophy: it’s not something you want to skimp on, since it may come back to bite you in the arse later.

However, if you’re on a budget, it seems to be a nice free wallet to use, complete with a strong community and reasonable community/support.

If you’re serious about investing in cryptocurrencies and broadening your portfolio beyond Ripple, I’d bypass Toast Wallet and go directly to to get their most current wallet.

See Also

That’s all there is to say about our Toast Wallet review. After reading this, perhaps you have a better understanding of everything regarding this wallet.

Oh, and if you want to use Toast Wallet, here’s a setup and installation tutorial to get you started!

How To Install & Setup Toast Wallet…

The following steps will walk you through setting up Toast Wallet on your mobile device:

To begin, download Toast Wallet.

Toast Wallet is available for download on Google Play and the Apple App Store. Following installation, you will be presented with the licensing agreement and told that a minimum amount of 20 XRP (currently approximately 6 USD) is required to activate and use your account. This minimum amount is needed by the Ripple Network, not the Toast Wallet developers, in order to avoid spam accounts. You may either establish a new wallet address or add an existing XRP wallet address after accepting.

Toast Wallet Review – Security, Features, & Setup Guide

Toast Wallet Review – Security, Features, & Setup Guide

Step 2: Make a backup of your account and keep it safe.

After that, you’ll need to create a PIN to secure your wallet. The program will then create a recovery phrase for you, which you must keep secure (it will appear in the dotted box shown below). Finally, you must choose a password. This password will encrypt your wallet entirely, so make sure you keep it somewhere safe and secure so you don’t lose it.

These three security features (PIN, recovery phrase, and passcode), which are exclusive to Toast Wallet, are the most essential aspects of your wallet’s protection. 

Create a wallet address in step three.

You may create a new address, add a current one, or obtain a vanity address after your wallet is safe (don’t worry, the procedures are all quite simple).

At this moment, you may begin to enjoy your Toast Wallet experience. The user interface is straightforward and offers a pleasant experience.

Toast Wallet Review – Security, Features, & Setup Guide

Toast Wallet Review – Security, Features, & Setup Guide

You may transfer XRP to fund your freshly created wallet, as well as send tokens to other wallets and exchanges, after you’ve established an address.

Toast Wallet Review – Security, Features, & Setup Guide

 Step 4: Perform a series of test transactions (Recommended)

It is suggested that you transmit more than the necessary minimum amount of 20 XRP to perform a test transaction to ensure that your newly established wallet is functioning properly. You could, for example, fill your wallet with 40 XRP (since 20 XRP must stay in the wallet in order for it to be active) then transfer the remaining 20 XRP to another address to verify everything is running properly.

Before you consider switching to another wallet to escape the 20 XRP reserve, keep in mind that this requirement is imposed by the Ripple Network, thus it applies to all Ripple wallets! 

If you have any questions, please leave a comment below!

$0.00 Toast Wallet Review


If you don’t want to pay for a more premium wallet, this is a good wallet to secure your money.

  • Usability
  • Price
  • Design
  • Installation & Setup
  • Security

The Toast Wallet Review – Security, Features, & Setup Guide is a review of the Toast wallet. It includes security features and setup guide for this cryptocurrency wallet. Reference: how to buy ripple xrp.

Frequently Asked Questions

How secure is toast wallet?

Toast wallet is a highly secure and reliable way to store your cryptocurrency. It uses the same encryption as your phone, so its very difficult for someone to hack into your account without having physical access to you device.

Can toast wallet be hacked?

Toast wallet is not hackable.

Can I still use toast wallet?

Yes, you can still use toast wallet for Beat Saber on PS4.

Related Tags

  • best xrp wallet
  • xrp toolkit
  • space toast coin
  • xrp ripple news
Scroll To Top