OnlyU Posted February 1, 2018 Share Posted February 1, 2018 Anyone know if Bitstamp charge you 25 XRP to activate? Link to comment Share on other sites More sharing options...
Dblase Posted February 1, 2018 Share Posted February 1, 2018 No, they use one wallet, with Destination tags. so they know who owns what. so no Minimum needs to be kept with them. gray and Benchmark 2 Link to comment Share on other sites More sharing options...
gray Posted February 1, 2018 Share Posted February 1, 2018 Everyone, every wallet, will have a 25xrp fee to activate. This is because it's not a fee of the specific wallet, it's built into the ripple protocol itself. In order to open a ripple account (aka wallet) on the ripple network, you must deposit that much xrp, even if you're directly programming your own tools and sending the proper things to the network to do so. No way around it. Link to comment Share on other sites More sharing options...
gray Posted February 1, 2018 Share Posted February 1, 2018 1 minute ago, Dblase said: No, they use one wallet, with Destination tags. so they know who owns what. so no Minimum needs to be kept with them. Ah, good point. This would be one way around it. Misunderstood exactly what op was asking. Link to comment Share on other sites More sharing options...
zenkert Posted February 1, 2018 Share Posted February 1, 2018 (edited) @OnlyU Bitstamp does not charge you any fee for a Wallet, in fact you do not have a Wallet their, your cryptos are tied to your account. The fee to activate a Ripple Wallet if you want to have one of your own, is 20 XRP. And that has nothing to do with Bitstamp, they do not host indivdual Wallets. Here is a link to a tutorial on one wallets one can use. https://cryptorum.com/threads/rippex-guide-for-storing-ripple-xrp.89/ Edited February 1, 2018 by zenkert Added content Link to comment Share on other sites More sharing options...
OnlyU Posted February 1, 2018 Author Share Posted February 1, 2018 Just now, zenkert said: @OnlyU Bitstamp does not charge you any fee for a Wallet, in fact you do not have a Wallet their, your cryptos are tied to your account. The fee to activate a Ripple Wallet if you want to have one of your own, is 20 XRP. And that has nothing to do with Bitstamp, they do not host indivdual Wallets. I see...so it is just like Binance......no 25 xrp required to activate a address there.......i guess a real address is differ from a trader address where you store and use it for exchange. Anyone recommended me i should move my 1k xrp from binance to bitstamp. I love bitstamp. Just made my $100 debitcard transaction...bought $100 and got 99.98 xrp....that mean the fees is very minimal... Link to comment Share on other sites More sharing options...
OnlyU Posted February 1, 2018 Author Share Posted February 1, 2018 I just felt like my xrp is safer at Bitstamp ......i know my xrp qty is low but.....im saving for it to go $5+.. Link to comment Share on other sites More sharing options...
zenkert Posted February 1, 2018 Share Posted February 1, 2018 5 minutes ago, OnlyU said: I see...so it is just like Binance......no 25 xrp required to activate a address there.......i guess a real address is differ from a trader address where you store and use it for exchange. Anyone recommended me i should move my 1k xrp from binance to bitstamp. I love bitstamp. Just made my $100 debitcard transaction...bought $100 and got 99.98 xrp....that mean the fees is very minimal... I am all for Bitstamp. My selected platform since September 2017 @OnlyU OnlyU 1 Link to comment Share on other sites More sharing options...
zenkert Posted February 1, 2018 Share Posted February 1, 2018 (edited) Yes there fees are minimal and I really trust Bitstamp. So I would not hesitate a moment to transfers the XRP from Binance to Bitstamp @OnlyU But to be on the safe side. If something might go wrong, just transfer a tiny amount the first time, to be sure that it works the way it is supposed to do. Edited February 1, 2018 by zenkert Link to comment Share on other sites More sharing options...
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