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Author Topic: Ripple and 20 XRP minimum  (Read 105 times)
feh (OP)
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December 02, 2020, 10:31:29 PM
 #1

Hello folks.

I want to change the wallet that I use to hold my XRP, but of course there is the rule that any wallet (or is account the correct term?) must have at least 20 XRP in it. Which means, if I want to change wallets, I have to leave 20 XRP behind.

Is there a workaround for this problem? The wallet I want to use does not support importing private keys.

Thanks.
winrate.io
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December 02, 2020, 10:33:33 PM
 #2

I haven't found a workaround yet. But I'm not too bothered about it. It's only like 12 USD

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MandatoryOption
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December 02, 2020, 10:43:47 PM
 #3

As far as I know they introduced these 20 XRP you have to keep on your address, so that no one could generate new addresses over and over. But at that time that wasn't really much, I hope they consider to lower that amount any time soon when Ripple keeps rising like that.
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December 02, 2020, 11:40:39 PM
 #4

The price of XRP has risen and that 20 XRP would matter this time. But that's their rule and no one can avoid that rule. So if you want to have a new XRP wallet.
The deposit you will be putting there will automatically charge 20 XRP to keep the wallet. Before sending, make sure that you'll have that amount or if you don't like, remain to your old xrp wallet.

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target
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December 03, 2020, 12:14:11 AM
 #5

These are the wallets from centralized companies like gatehub which requires users to leave at least 20XRP, there is nothing you can do to it but hope they change rules. By the time 20XRP will be worth a lot, you can only hope they will allow you to withdraw them.

I was also one of the user who tried this kind of wallet before. If I only knew they won't let us withdraw everything, I wouldn't be using it. But they were enticing us about about the free 20XRP  Grin


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djgtr
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December 03, 2020, 12:31:28 AM
 #6

Hello folks.

I want to change the wallet that I use to hold my XRP, but of course there is the rule that any wallet (or is account the correct term?) must have at least 20 XRP in it. Which means, if I want to change wallets, I have to leave 20 XRP behind.

Is there a workaround for this problem? The wallet I want to use does not support importing private keys.

Thanks.

Just let that amount of xrp be gone mate, that's too small to think compared with the potential price it might become one top value will be meet. If that's the rule of the wallet that you're using, then there's nothing we can do but abide their regulations, and I recommend using metamask wallet if you wanted a new one because you can import your private keys successfully and that's also what I'm using right now.
Saisher
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December 03, 2020, 02:43:13 AM
 #7

Ripple is centralize coin they are the one who set up that rule there's nothing you can do about it, take the chance now the value of the coin keeps rising if he keep on hesitating you will end up XRP in $1 and that's $20 so better go for it now or wait til the price go down, you have to think what risk do you want.
layoutph
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December 03, 2020, 08:46:16 AM
 #8

Yes, forget about the coin its only 12usd today, it might become 120usd sooner. Better get that new XRP address , take down notes the private keys. And start working with the new address. Lets accept the rule!

I haven't found a workaround yet. But I'm not too bothered about it. It's only like 12 USD
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December 03, 2020, 10:19:27 AM
 #9

I haven't found a workaround yet. But I'm not too bothered about it. It's only like 12 USD

He is asking for help and if you want to help render it, to you it means nothing, for someone that is worrying about 20XRP tokens that shows it means something to him, in some country some people do not make up to $12 per month.

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Galley
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December 03, 2020, 11:08:25 AM
 #10

I haven't found a workaround yet. But I'm not too bothered about it. It's only like 12 USD

He is asking for help and if you want to help render it, to you it means nothing, for someone that is worrying about 20XRP tokens that shows it means something to him, in some country some people do not make up to $12 per month.

If the loss of 20 XRP would be critical for me, then it is logical that I have very few of them. Therefore, I would not specifically start a wallet for this, which must be paid. Why not buy a small number of coins and keep them on an exchange, for example, BINANCE. I mean a small number of coins.
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December 03, 2020, 11:22:21 AM
 #11



If the loss of 20 XRP would be critical for me, then it is logical that I have very few of them. Therefore, I would not specifically start a wallet for this, which must be paid. Why not buy a small number of coins and keep them on an exchange, for example, BINANCE. I mean a small number of coins.
this is the only option you need to use exchange if you don't want to hold 20 xrp in your wallet . This is also possible if ripple change the rules which is not yet possible to happen so far, that's their protocol before receibing and transferring XRP you need to have 20 xrp reserved balance before you can fully use the wallet .
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December 03, 2020, 11:57:35 AM
 #12

Trust wallet app also requires xrp wallet creation for 20 xrp transaction fees that considered as an activation of the wallet and it is automatically deducted to the amount of your deposit if you are using the wallet I have mentioned. Nonetheless, still you can used it since you already have paid for it and besides it is best to have full control of your wallet such as private keys or pass phrase rather than storing xrp to exchanges which is not recommended.

feh (OP)
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December 03, 2020, 08:18:38 PM
 #13

there doesn't seem to be any other way to store a minimum of 20 XRP on a new wallet, what about your old wallet? Is there a problem with your old wallet so you want to replace it with a new one?

I'd been using Toast, but development has stopped, so I need to find a new one.

Anybody know of an XRP wallet for linux that can import private keys?
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