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Anyone know if Bitstamp charge you 25 XRP to activate?


OnlyU
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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.

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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.

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@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 by zenkert
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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...

 

 

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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

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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 by zenkert
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