GateHub & XRP reserve | Bitcointalksearch.org

WTRE74

newbie

Activity: 9

Merit: 0

Quote from: jhenfelipe on March 15, 2018, 04:37:37 PM

As I understand, the 20 XRP serves as the payment for the space in the ledger. You can't withdraw it. No matter what, the information/transactions that have been made with that account was already stored in the ledger and you pay for it even if the account will not be used any longer.

Visit the link, a good discussion and explanation about the issue : Fully remove all XRP from an account.

Thank you, best discussion I've read on this so far. I can see that many share my concern/frustration so I'll keep an eye on the matter and revisit if/when XRP is ever worth enough to really worry about 20 coins.

jhenfelipe

hero member

Activity: 1372

Merit: 647

As I understand, the 20 XRP serves as the payment for the space in the ledger. You can't withdraw it. No matter what, the information/transactions that have been made with that account was already stored in the ledger and you pay for it even if the account will not be used any longer.

Visit the link, a good discussion and explanation about the issue : Fully remove all XRP from an account.

WTRE74

newbie

Activity: 9

Merit: 0

Hi all,

After months I finally got a response from GateHub support but as most crypto support teams seem to be doing, it was a generic response that did not address my actual question...hoping I might get some better insight here. I understand that XRP has a 20 coin reserve (though I did not deal with any XRP reserves with other sites/exchanges) but I'm trying to find out how/if I can close my account and retrieve all currency, including the 20 reserve coins? As reserves, the 20 coins can't be locked up even if you're no longer going to hold any XRP right? Thanks, Payman

Topic: GateHub & XRP reserve (Read 115 times)