Bitcoin Forum
November 23, 2017, 07:10:32 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: 20 Ripple Minimum on Rippex  (Read 234 times)
cryptosize28
Newbie
*
Offline Offline

Activity: 14


View Profile
September 15, 2017, 02:42:44 AM
 #1

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 This is essentially the activation fee and it can never be withdrawn to another wallet.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!
1511464232
Hero Member
*
Offline Offline

Posts: 1511464232

View Profile Personal Message (Offline)

Ignore
1511464232
Reply with quote  #2

1511464232
Report to moderator
1511464232
Hero Member
*
Offline Offline

Posts: 1511464232

View Profile Personal Message (Offline)

Ignore
1511464232
Reply with quote  #2

1511464232
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511464232
Hero Member
*
Offline Offline

Posts: 1511464232

View Profile Personal Message (Offline)

Ignore
1511464232
Reply with quote  #2

1511464232
Report to moderator
1511464232
Hero Member
*
Offline Offline

Posts: 1511464232

View Profile Personal Message (Offline)

Ignore
1511464232
Reply with quote  #2

1511464232
Report to moderator
valr
Member
**
Offline Offline

Activity: 66


View Profile
September 16, 2017, 10:47:27 PM
 #2

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 This is essentially the activation fee and it can never be withdrawn to another wallet.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).
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!