So in a ripple desktop wallet, the wallet keeps 20 xrp's that one cannot spend. Where does that go to? Is it locked up?
ripple is the worst just to start invest in BTC 
Topic: Ripple Question (Read 170 times)
So in a ripple desktop wallet, the wallet keeps 20 xrp's that one cannot spend. Where does that go to? Is it locked up?
Those wallets are quite old, that is the reason of why it is asking you to keep 20 ripple's on your wallet. Just an advice, but if you really want to take care of your ripple's, then the best thing that you can do is just buy a trezor or a ledger nano.
20 XRP is the minimum deposit of Ripple.
The 20 ripples in the account is like the minimum balance you must have in your account at all times and you can not withdraw below that threshold.
They couldn't help it, being a banker and trying to be decentralized is hard, having 20 tokens to generate a wallet is stupid, having a wallet should cost nothing, if they are spending something on keeping the wallets up, they haven't met my activity tokens yet.
Download Waves lite wallet without any cost, and let me transfer unlimited amount of tokens for a fee less than $0.4. I don't like Ripple, because they are not sharing free money with me.
Download Waves lite wallet without any cost, and let me transfer unlimited amount of tokens for a fee less than $0.4. I don't like Ripple, because they are not sharing free money with me.
This is basically To avoid opening unnecessary wallets. Though really expensive, At the moment these cannot be withdrawn, and remain as minimum amount to keep active, but hope this changes in future!
I dont quite understand your questions,are your XRP trapped in your desktop wallet?if i were you i wont reply to XRP because its the banker's coin a centralized cryptocurrency.
So in a ripple desktop wallet, the wallet keeps 20 xrp's that one cannot spend. Where does that go to? Is it locked up?
I dont believe in XRP,its a centralized coin and its a fiat currency disguised in cryptocurrency,dont be fooled. So in a ripple desktop wallet, the wallet keeps 20 xrp's that one cannot spend. Where does that go to? Is it locked up?
If you have a new Ripple wallet it requires you to have 20 XRP maintaining balance, this is to prevent users to create multiple wallet/address and to avoid shared global ledger from growing excessively. It is just like opening a new bank account that also have requirements of minimum maintaining balance for your account to remain active, but unlike bank accounts that you can withdraw all your money, Ripple will not let you withdraw those 20 XRP reserve, it doesn't go anywhere it is just locked up in your wallet/address. Ripple company can reduce this in future but also need to be approved by consensus.
same as XLM before , account min 20 can't transfer , but XLM already reduce base reserve and 1 XLM instead of 20 , Maybe ripple will follow later ?
Not sure about the Ripple question, but it's a nice business you got going there.
Thanks, I figure some high volume traders can really benefit from this, and they wouldn't have to circumvent the TOS by referring themselves.
Yeah that is a pretty high cost. $30 fee to own a desktop wallet. Should be free.
Yeah, it just stays there. It doesn't go anywhere ... it is basically a coin burn. I heard some people describe it as a fee for purchasing a new wallet address. I guess after a while the amount of locked up Ripple will start to help the price.
Defeats the purpose of Cryptocurrency, wallets shouldn't be paid for, and besides that's a high price right now.Yeah, I agree, it is pretty high now. It wasn't so bad with it cost a cent, or 20 cents. FWIW, they do have a system to allow that minimum to be reduced, but it apparently requires a vote. Maybe they will lower it.
Yeah, it just stays there. It doesn't go anywhere ... it is basically a coin burn. I heard some people describe it as a fee for purchasing a new wallet address. I guess after a while the amount of locked up Ripple will start to help the price.
Defeats the purpose of Cryptocurrency, wallets shouldn't be paid for, and besides that's a high price right now.
Yeah, it just stays there. It doesn't go anywhere ... it is basically a coin burn. I heard some people describe it as a fee for purchasing a new wallet address. I guess after a while the amount of locked up Ripple will start to help the price.
So in a ripple desktop wallet, the wallet keeps 20 xrp's that one cannot spend. Where does that go to? Is it locked up?
Ripple is not a real cryptocurrency is just some short of private chain that for some reason is on the same market as all the real cryptos such as Bitcoin, Ethereum, Neo, Monero, etc..
Why do you buy Ripple . its the worst coin ever !
Not sure about the Ripple question, but it's a nice business you got going there.
So in a ripple desktop wallet, the wallet keeps 20 xrp's that one cannot spend. Where does that go to? Is it locked up?
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