Bitcoin Forum

Hello, maybe this is wrong topic, excuse me for this.

I have a problem,  that I bought previiously xrp and polkadot on crypto.com app, amd sent it to my Atomic Wallet. When I wanted to sell my coins back to crypto.com and from crypto.com to my bank account, I was attentioned that 1 DOT and 20 XRP must leave in my walllet. I said what? This is my 20% of my coins. Large losses, it is a disaster. Hen the support said that something it is with dot and xrp contract, so not thhe wallet miistake. It is what it is, for everybody,or justme, or can I do something? All coins what I have must leave in wallet some enermous percentage, so clear losses? Wtf, what can I do now?

All you can do is wait until price go up until you get your money.

Have all coins too the same in the contract?

And if I buy a ledger nano x?

It is normal for an XRP wallet to cost 20 XRP. Read this.
Why is there a minimum balance required for XRP? (https://help.crypto.com/en/articles/3957425-why-is-there-a-minimum-balance-required-for-xrp-and-xlm#:~:text=The%20XRP%20Ledger%20applies%20reserve,of%20spam%20or%20malicious%20usage.&text=The%20current%20minimum%20reserve%20requirement,other%20objects%20in%20the%20ledger.))
And for Dot, read this.
How to Create and Activate your Polkadot (DOT) Wallet (https://community.trustwallet.com/t/how-to-create-and-activate-your-polkadot-dot-wallet/64694)

And have other coins too like this?? I have Atomic Wallet

It's probably not worth selling yet if 1 DOT is 20% of all your investment. You'd really have to wait til DOT reaches its ATH maybe by December this year or so. Not really sure about that. But it only tells us you only got few coins in your wallet. XRP has been that way since they always require 20 coins inside for whatever reason. DOT is surprising that it requires 1DOT, unusual for an ETH killer.

This is how XRP works. You can't really withdraw the last 20 XRP - it's how they have the close in their smart contract. As for DOT this is new t me as I never tried to withdraw my DOT...

In any case, the best bet if you wanted to at least get your initial amount out is to wait it out, until DOT pumps enough to cover for this.

No only that coins.

For the case XRP & XLM on Crypto.com only that coins required to minimum balance to active the wallet if you are new and same like DOT you need to deposit with minimum 1 DOT and leave it to keep your address alive.

AFAIK, there are no other coins that requires a certain amount of their own token just to have the wallet. In your Atomic Wallet, that 20 XRP will be there forever.
Whether you will use it or not, it stays there forever and you can't withdraw it.

That’s right, you must have read the terms and conditions first before you do such transactions and base on my calculation, that 20 XRP as of posting is just around $8 so I don’t think that’s too much if you just let that coin on your wallet. Anyway, even if you call the support the same thing they’ll say to you, so just accept the fact that you can’t withdraw all your money for now.

Thank you guys. I have vet, zil, ankr, eth and dot, want to buy smartkey, kardiachain, amd yield.app coins too, thanks again. Opinions about these coins?

The Atomic wallet is a very new decentralized wallet. In this few times Atomic wallet mustn't increase the transaction. We can avoid high transaction cost wallet. I think transaction cost must not surpass the others wallet. Hold your altcoins to sell it.

You're welcome. I think you have a good selection of coins, what are you worrying at? But those that I have crossed out, I have no idea with them.
Before that 20 XRP isn't that much and we don't care at all upon creation of the wallet.

It looks like you haven't read about the 20 XRP requirements, it is the minimum that you need to have in your wallet, it's unspendable, so there's nothing you can do about it. The only reason that XRP gave is that it is part of their business plan, and remember that XRP operates on the premise that it is very much centralized like a banks, hence just like savings in bank, you need to have a minimum amount of balance in your account.

Sorry to burst the bubble for you, but it is what it is.

If I am you OP I'll take the advice of the majority here.  Have patience and wait for the price to go up until it can return more than 100% of your investment even though you have to leave 20% of your coins in your storage.

Sound like pyramid scam wallet or exchange.

Kardia looks good but it's not for the rest, try to find another gem. I can even suggest you some legit coins and what you need to do is do your own research before try to invest on anything.
You need to find another gem that can give you 10x profit in a short time. It's not easy but it's not difficult too.

Whhat do you mean by KAI is not for the rest? Those coins I wanna hold until the end of the year, then decide that how are the potencial , how much profit genereated, if generates, then decide to stay with these coins, or convert to king eth. My complete portfolio woild be anyway: king eth, vet, zil, ankr, dot, link, kai, smartkey, yield.app.

Problem is we dont know when the bullrun ends, and when should i convert my coins into stable coin, then when to buy back the coinns before the bull run...this is big problem, but would be good to know the bullrun start and end points.

Hey guys, thaks for all answers anyway. I have one tactic question, that it is a good idea, that after a bull run, when I see coins starts drop, convert all my coins into tether/usdt stable coin, and when the next bull run starts convert back to my usual coins? Any opinion about this friends?

Yes, that's fine but it's the opposite. When you're in profit, convert it to stable coins so that you can save the value of your profit. Then when it starts to drop, that's the time you'll start buying.
It is buying low and selling high.

Nothing you can do, even the support will cant help you.
Just hope the price goes up and can recover your balance back.

Yes mate, I understand the concept, but how do you know when the bull  ends? I have 700 euro in crypto now, and have a 100 euro win after a week. So this would be good to convert into stable, or just at the end of the bull runs?

Second, if I starts buy when it drops, maybe will drop for 2 weeks...it is very bad idea. In my opinion start buy after the drops ends...

most likely because the price of DOT and XRP has decreased, that's why your money is reduced,
but you also still have 1 DOT and 20 XRP, right after you transfer them ?,
if so that means everything is fine, the problem is that you are selling cheaply, to be honest it's very sad selling altcoins now,
just keep them in your wallet until the altcoin season arrives.

If you have not done your previous research in the sense that you are just using it regardless of the rules that are applied to the wallet, then this incident can at least teach you a lesson. If you have received an answer from support and it is proven that there is nothing wrong with the rules of the fund then of course there is nothing more you can do but make a re-deposit but in the end you will lose more.

No one knows when the bull ends but the hint that will get is that the price have gotten too damn low. That's a sign that the bull run has ended but with our situation today, there's no sign that it is about to end so if there are folks telling you that it's about to end, don't believe them but verify the market if it's showing what they say. With that money of yours, I would hold it before I convert it to stable coins, it seems that there's another trend that's coming. You've got to be patient but at the same time, very responsive.

it is unfortunate if this has happened to you. and hopefully this will be a bad experience for you in cryptocurency. so I suggest to you that for the next day you have to learn more about something before you do something so that you do not come back from losses at a later date. because every wallet must have a minimum value that must be stored in that wallet.

When you buy, sell, and withdraw your crypto, you have to know the transaction fee (on the network) and the withdrawal fee in the wallet or on exchange you are using it to make that withdrawal transaction.

Withdrawal fees are often very high on exchanges and the smaller the amount you plan to send out, the more carefully you need to check details. Sometimes, with some coins, withdrawal fees or transaction fees will eat almost the all value of your transaction.

Those details are given at the time you are filling your withdrawal request, so please check it and find more in their page (ToS, FAQ).

some exchanges do charge higher withdrawal fees. and it all depends on the policies of each platform. when we forget to take all of that into account, what we sell may not give us anything. Currently, almost all token and coin transactions have increased transaction fees. as seen in the price of tokens or coins that have increased, but it turns out that you also have to prepare a larger fee to be able to sell them and make withdrawals.