Hey Gatenyo,
When it comes to storing Ripple you want to take into account the 20 XRP wallet activation fee. As a security measure, Ripple requires that 20 XRP be "deposited" to activate a wallet. While this is currently a steep measure, it's important to remember that the deposit was previously 50 XRP, and may be decreased in the future. For this reason, you're going to want a wallet that gives you full control over your private keys and allows you to access your funds on any device. If you have those, you can transfer the wallet over to another wallet later without paying a second deposit. Should you want to that is. Additionally, you might want to take into account that the Ledger Nano utilizes its own backup method, that isn't compatible with other wallets. If you plan on moving your funds there at a later date, you might want to wait and buy the XRP once you have it. There's currently not a ton of wallets that support Ripple, but I would recommend Toast. Toast is super simple to use and supports web, Android, iOS, and more. It's also open source. On the subject of exchanges, I honestly find it easier to buy Ethereum and changely / shapeshift it. The price isn't as good as some of the exchanges, but it's worth the lack of headaches. I hope this was helpful!
Topic: Fees, Wallets and me (Read 105 times)
Hello and welcome to the world of cryptostuff! 
First of all the wallet, if you are actually planning to buy the Ledger Nano S once it's in stock again, you can always keep your XRP or other Altcoins on the exchange.
If you don't like the idea of your coins sitting on an exchange you can try multiple online wallets.
I believe that Electrum wallet can hold XRP but im not sure.
Another good wallet is Coinomi, it does not hold XRP but it has a large amount of Alt coins that it supports.
Exchanges are a difficult one with all the signups closed indeed. I have been using HitBTC a long time and was pretty pleased with it. Had some issues with withdrawals and stuff but i never lost anything so that's good.
If you want to know what exchange has the coins you are looking for you should check out http://www.coinmarketcap.com . You search your coin/token there and then click on the "markets" tab. There you find a list of all the exchanges that support that coin.
And buying BTC and trading that to Alt coins is probably the expensive way with all the transaction fees going on for BTC. You should try and find a site where they sell the Alt Coins for your dollars/euros, saves you an extra transaction/exchange.
If my words make no sense to you, wich is possible because i sometimes make no sense, just send me an email at [email protected] or add me on Discord Novais#0536 .
Or don't and listen to other people's advice on the forum
Cheers!
First of all the wallet, if you are actually planning to buy the Ledger Nano S once it's in stock again, you can always keep your XRP or other Altcoins on the exchange.
If you don't like the idea of your coins sitting on an exchange you can try multiple online wallets.
I believe that Electrum wallet can hold XRP but im not sure.
Another good wallet is Coinomi, it does not hold XRP but it has a large amount of Alt coins that it supports.
Exchanges are a difficult one with all the signups closed indeed. I have been using HitBTC a long time and was pretty pleased with it. Had some issues with withdrawals and stuff but i never lost anything so that's good.
If you want to know what exchange has the coins you are looking for you should check out http://www.coinmarketcap.com . You search your coin/token there and then click on the "markets" tab. There you find a list of all the exchanges that support that coin.
And buying BTC and trading that to Alt coins is probably the expensive way with all the transaction fees going on for BTC. You should try and find a site where they sell the Alt Coins for your dollars/euros, saves you an extra transaction/exchange.
If my words make no sense to you, wich is possible because i sometimes make no sense, just send me an email at [email protected] or add me on Discord Novais#0536 .
Or don't and listen to other people's advice on the forum
Cheers!
Hey guys,
I'm new here, and in the cryptocurrency world.
I want to buy BTC, and to trade some of it on XRP.
I'm using the wallet Exodus for the BTC, still not sure which wallet to use for the XRP
. (I would love to hear from you which one to use, the Leadger nano won't be available ' until March)
Also, I want to trade the BTC in some other ALT coins in the future, I just didn't quite get how the fees are working, do I need to pay fees on any trade, deposits etc?
And, many of the good exchanges sites are unable to receive new users.
I'm waiting for the verification in Bistamp, Poloniex.
Any recommendation on which exchange I should work with? I'm looking to trade ADA, EOS, IOTA, and XLM.
Thank you for your help guys! and sorry for my English
I'm new here, and in the cryptocurrency world.
I want to buy BTC, and to trade some of it on XRP.
I'm using the wallet Exodus for the BTC, still not sure which wallet to use for the XRP
. (I would love to hear from you which one to use, the Leadger nano won't be available ' until March)Also, I want to trade the BTC in some other ALT coins in the future, I just didn't quite get how the fees are working, do I need to pay fees on any trade, deposits etc?
And, many of the good exchanges sites are unable to receive new users.
I'm waiting for the verification in Bistamp, Poloniex.
Any recommendation on which exchange I should work with? I'm looking to trade ADA, EOS, IOTA, and XLM.
Thank you for your help guys! and sorry for my English
Jump to: