Hi Everyone!
I recently bought Ripple on Kraken and sent 25 Ripple to Rippex as a test. I later read online that there must always be a 20 Ripple reserve in Rippex. This is essentially the activation fee and it can never be withdrawn to another wallet. I've never experienced this in other crypto wallets and just wanted to understand what this is all about. Any learning info would be greatly appreciated.
Also, I should be receiving a nano ledger at the end of the month (finally, it's been on backorder since I ordered it in July!) Is there any reason why I should wait to move my ripple until I get the ledger instead of sending it to Rippex now? The transaction fee is immaterial (0.2XRP if my memory serves me right) so I'm not concerned about the fee but is there anything else peculiar about Ripple that I should know? It sucks that i'll have to leave 20 Ripple as a reserve in my Nano Ledger, so that's already 40 useless Ripple btwn Nano Leger and Rippex!
That is correct. Every wallet uses up 20 Ripple on activation. You could either wait until you get your ledger or move to Rippex now and send it to you ledger when it arrives. Either way, you won't lose more than the 40 you mentioned for the 2 wallets. I never moved my Ripple from the exchange to a wallet to avoid losing the 20 Ripple (although the $ amount doesn't matter much).
