The following are some important points that you must remember:

• Your Ripple account won't be activated unless you send the reserve amount (presently 20 XRP) to its public address. 
• Your Toast wallet 's recovery phrase won't recover your Ripple accounts unless you have a backup.
• Desktop/mobile/offline wallets give you access to Ripple account's secret key. You can use this to manage or migrate your account in their competitor's wallets. 
• Some wallets provide you with a destination tag, so make sure that you provide them, along with your address, when you want to receive Ripples.
• Though offline wallets are safe from online/software attacks, they are prone to physical damage or theft. 
• Don't leave your Ripples on centralized exchanges.
• When you want to store huge sums of money, use cold wallets.