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Trying to activate my wallet
Pjcth posted a topic in Problem SolvingHi everyone. I am very new to Ripple and, indeed, to any kind of cryptocurrency. My problem is more or less the same as many others here. I transferred EUROS through SEPA (I am verified). Gatehub sends me the well known email to set the trust line, before they can deposit the money. Every time I try, I get the same. Gatehub says, once they receive a deposit, they will deposit the 20 XRP, in order to activate the wallet, so that the transferred EUROs can be deposited into the wallet. They would then send the well known email. They received the EUROs over a wee ago, but the wallet still has not been activated, meaning I can try as much as I like to set the trust line but this will always display the Error, unknown error message. What can I do, Any help?
The amount of ripple accounts has been growing exponentially. In the last month alone we had more than 300k new accunts registered, bringing us very close to 900k accounts. Since every account requires 20 XRP to activate and takes it effectively out of circulation, we actually have less 18M coins in the ciruclation today. Now if we assume that we are in the very early days of ripple going more mainstream, we can expect the number of accounts keeps growing exponentially. It is not unthinkable, that one day we might have 100M or even 1B Ripple accounts around the world. With 1B accounts it would mean that 20B xrp would be taken out of circulation. That's 1/5th of the whole supply. Also it is already starting to get a little bit too costly just to activate an account. What will happen if the price of XRP will grow another 5 or 10 times. WIth XRP priced at $10 it would cost $200 just to acitvate an account. That would be completely unreasonable and run against everything ripple is trying to do. Provide a low cost, lightning fast way to transfer funds around the globe and free up the worlds wealth sitting in nostro accounts. With 1B ripple accounts and XRP priced at $100, it would mean 2 Trillion dollars locked into Ripple accounts and that's in my mind even more nuts than keeping it in nostro accounts. From what I understand the 20XRP requirement was set to stop people from spamming the network for free accounts. At that time XRP was worth a fraction of what it is today and I think it is time to adjust the requirement to more contemporary XRP prices. If it was meant as a tiny amount of money functioning as a placeholder, it should be a tiny amount of money functioning as a placeholder.
Ripple wallet activation
Justin posted a topic in Problem SolvingHi all, I need 20XRP for my ripple wallet activation. Would anyone kind enough to send me 20XRP please ? Much appreciated. My ripple wallet address: rK9GucVRKDftUWGT4bMmT8aeh5fVbDbdYT
Wallet Activation 20XRP
ripplewave posted a topic in Wallet ActivationHey Everyone, I'm trying to buy ripple but, for some reason I can't purchase the 20xrp needed to activate the wallet. Could some one please bless me with 20xrp or advise on how I can fix this issue? wallet address: rn9wUMabmXTWrYyD8oAhnfRj4ERrwXSrSE Thanks in advance!
alexanderthemackenzie posted a topic in Problem SolvingHello, I am new to Gatehub. I am have had my account verified and I am just wondering if the wallet will be activated automatically or if I have to buy XRP elsewhere. I mean that kind of beats the point of using this exchange. I have other crypto I would like to trade but I cannot use it until XRP is in the wallet. Any advice other than buying XRP from a different exchange first is welcome. Thank you!
Need help with XRP wallet
gurlRipple posted a topic in Wallet ActivationHello im new here, can someone help me to activate my XRP-Wallet: rB6c5EiAKXdVkat8Cosd6d3WR7NZciMRjc I got this message: => IMPORTANT: The first time you deposit to a Ripple deposit address, 20 XRP will be held there in order to reserve the address. This is because the Ripple network requires a minimum of 20 XRP to be in any active address. The money does not go to anyone, and the difference will be credited to your account if the minimum requirement is ever lowered. Once you have funded your deposit address with 20 XRP, you will be able to deposit any amount and receive your full deposit.
New to Ripple
Cjburns posted a topic in Wallet ActivationI'm new to Ripple, actually new to any cryptocurrency. I started an account with gatehub and verified my phone number. I need 50 ripple to activate my wallet, i will pay it back to anyone willing to help me out. address: rLLaNDLMiFg6z3omxweAPFVdMUJxLzVRiT Any help would be appreciated. Thank you!
Need Help Activating My Ripple Wallet
reon posted a topic in Wallet ActivationHello, I am new to ripple and need at least 50 ripple to activate my wallet. can someone Please help me! My ID: rETo9BieRj8ntQGHfMJDc5nVNDz8dPDmuy thank you very much.
New member likes to activates his wallet
lennuy12 posted a topic in Wallet ActivationHey XRP folks, I just set up my Gatehub wallet and would like if someone help me activate my wallet by sending 50 XRP that is required. Wallet address: rUdcSmGZts7tg1DfGH51ECJv1bHTcsFPWw Thanks in advance