Jump to content


  • Content Count

  • Joined

  • Last visited

About FlyingFox

  • Rank

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. Refer to Warbler’s post towards end of page 36 - you can use his Bithomp Tools to do exactly that. Online at: https://bithomp.github.io/bithomp-tools/ but even better if you can download this (link to download is on page above too), put on USB stick and perform required signing actions on an offline computer. You can then submit the signed transaction by taking the signed transaction it gives you to an online computer and submitting it to Bithomp.com as well (select the submit transaction option)
  2. If you're in the UK, you could try: https://nationalcrimeagency.gov.uk/what-we-do/crime-threats/fraud-and-economic-crime and https://www.actionfraud.police.uk/reporting-fraud-and-cyber-crime Not sure how much they can do about it, but at least they might be more interested in what you have to say than down at the local nick...
  3. So what? The larger anything gets, the more resources you need! That doesn't affect decentralisation. Without increased use of the XRP ledger, there would be no need to decentralise because it wouldn't be in serious use anyway!
  4. You don't need on-ledger accounts for your Coinbase or any other exchange use - those institutions have their own (1 or 2 accounts) on the XRP ledger for all client and internal XRP activity. The account activation fee they pay ("reserve"?) is the same as anyone else = 20XRP. If you choose to keep your XRP under your own control in your own on-ledger account, great ... it will "cost" you 20XRP (which, as has been pointed out plenty of times, is still there in your account and could potentially be used in the future if the reserve is lowered anyway). 20XRP, even today, is nothing for people properly invested in XRP. The people who complain about the XRP reserve are those for whom it represents such a large portion of their entire holdings, to them it seems unfair and wrong. It isn't. It's there for a good reason (to prevent unnecessary account creation and account spam on the network) and lowering it now does not make sense. Right at the point of XRP adoption you want to make absolutely sure spam does not affect the network more than ever - thus keeping the reserve at this level makes absolute sense to me. Perhaps the reserve should even be increased - to dissuade certain people from investing! :-) How many accounts do you need? One. No more (unless you choose to for your own reasons - in which case you make the choice to do so and "pay" the reserve for that new account). Reserve fees are not burned or distributed anywhere. They most certainly do not go to validators. The reserve is simply held as a restricted-use amount in your account - it can't be spent (ie. sent as a payment to any other person) but the reserve can be used to pay for transaction fees if there is not enough XRP above the reserve to pay the fee otherwise. If you did your research with the documents already pointed out to you, you would see that quite clearly. Validators receive no payment. They run and provide service as part of the "bigger picture" of trying to provide widespread XRP adoption. There is no financial incentive to do so. Your understanding of how the XRP ledger account process works is flawed.
  5. Doesn't sound like it to me! Be careful.
  6. Download Revolut for your smartphone. For £10k or more transfers, pay the yearly fee of around £70 (from memory) to get fee-free currency exchanges. Then transfer GBP from your bank to Revolut as GBP (ie no fees). When you want to convert to EUR, do it in Revolut and it’s instantly converted at the spot rate. This is much better than any bank rate (even if they advertise no fees!) and by paying the yearly Revolut premium fee you’ll get all future exchanges to/from EUR free of fees too (relevant if you plan to add to your stack in months to come). Once changed to EUR, send to the Bitstamp account as a SEPA transfer. No fees, takes usually about a day or so. Then buy XRP/EUR pair as you desire. £100 starter should be no problem at Bitstamp. I’ve done this process many times. Saves big time on bank fees and even services such as TransferWise which still have quite high fees for large exchanges of GBP in comparison. If you’re only buying a few hundred pounds worth, it won’t make much difference but for larger transfers, it’s probably the best way to go at present. XRP/EUR pair good liquidity at Bitstamp. Hope this helps.
  7. Shocking: "Mobile phone shop staff 'enabling Sim swap scams'": https://www.bbc.co.uk/news/business-46047714
  8. It’s a peer-to-peer service. The sellers set their price at market plus a markup amount. Read the How to Buy and How to Sell pages in same help section I referred you to earlier.
  9. Top-right hand corner: "Help", then "Fees & Limits" : https://www.xch4nge.com/hub/fees-limits/
  10. @MRM - that's great, glad it helped. If you dig into the Settings of the Ledger Live software as per the screenshot below, you can choose what rate provider to use for the calculations. Binance doesn't seem to be an option but there are others to choose from. Try changing it and seeing how the values differ (taking into account price movement, of course).
  11. @MRM I think you may be misunderstanding the purpose of the Nano S. It is a hardware device to help you manage your address on the XRP Ledger. Your assets only ever exist on the ledger. The wallet you choose to use (the Nano S in this case) merely permits you access to your address and assets on that ledger, and the software interface to the Nano S shows an indicative value of your assets in USD or EUR or whatever by multiplying the number of XRP you hold in that ledger address by a reference price obtained from some source (probably an average of several exchange prices, or the price at CMC, or similar). You have not lost any value - it is just estimating the value of those assets it manages at that moment in time. The price at your exchange (Exodus?) may well be slightly different to the one used for the reference calculation by the Nano S software, hence the difference in the shown value of the assets you are describing. But the actual (real) value of your assets is always going to be = number of XRP x price you can sell them at on an exchange somewhere. That's the accurate value of your assets at any one moment in time. In order to achieve that value, you can use your Nano S to "send" the XRP to the exchange's address for the XRP ledger fee (currently 0.0012 XRP, ie. tiny!). That is the only fee that any transfer of assets between accounts will have to pay (it's the XRP ledger fee), plus the cost of any exchange deposit or trading fees of course, which is a different matter entirely. I hope this helps.
  12. Yes. Across EUR pairs it seems. On Bitstamp; can’t see it on other exchanges.
  13. Just be aware though, that all you are doing here is transferring your risk to that of one company, Uphold. You have to be sure they will be solvent for long enough to extract your money to your bank account at the max amount per day for as long as it takes. Use of a crypto Exchange to make the switch from XRP to EUR (or USD), and then the transfer of that amount to a USD or EUR holding bank account, might be a good alternative choice to consider, and then you can transfer to GBP accounts as you wish (or partial hold in USD or EUR accounts as desired). What guarantees do Uphold (or any other exchange or company) provide to your capital if they can't cope or are hit with a scandal, while your money is sitting there waiting to be extracted at 10k/day? The banks aren't much better but at least there is some protection. Worth exploring other options, perhaps.
  14. @proman121 Yes, it seemed to be broken earlier. Now though it seems to be working OK again - try again and see.
  15. The account does not exist on the TestNet, for some reason. Best to generate a test account direct at this website: https://developers.ripple.com/xrp-test-net-faucet.html
  • Create New...