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lostInZerp

Total newbie question on wallets + the whole 20 XRP thing (sorry in advance)

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Hi guys,

Have been totally out of the loop for a couple of years. I had a fairly chunky amount of XRP stored with the - now decommissioned - Rippex desktop app. Was bumbling around the internet today and noticed Rippex support had been stopped and figured I should move my XRP on pronto.

Did some digging around and downloaded Atomic and imported my XRP using my secret key. All good so far.

Now, onto the 20 XRP that I can still see on the Rippex Desktop Client...I understand that 20 XRP is required to fund a new wallet in order to stop spamming the ledger etc.

BUT from what I'd read I was under the impression by importing using my secret key I wouldnt lose the 20? OR is it because Atomic generates new address "r%" automatically which is what costs the 20 XRP, whereas something like Toast allows you to use same address which was generated when I first set the wallet up. I can't find the specific answer... my reading says that by having the secret key I wont lose the 20, but that seems to be what has happened.

It's not the biggest of deals... but I'm just wondering what happens when support for Atomic is dropped and I want to move them on else where...

Thanks for advice (and sorry for probably asking the same question just a year late),

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2 hours ago, lostInZerp said:

is it because Atomic generates new address "r%" automatically which is what costs the 20 XRP, whereas something like Toast allows you to use same address

Yes.

You've got the private key, so abandonment of the software that you previously used to manage it is inconsequential. You didn't need a new address, but Atomic Wallet made you one anyway.

2 hours ago, lostInZerp said:

just wondering what happens when support for Atomic is dropped and I want to move them on

You now have two addresses on the XRPL rather than just the one. To make sure you never lose control of the new one, study this link before Atomic gets abandoned! Non-electronic back-ups of your private keys (paper in a fireproof and watrproof place?) are always a Good Idea.

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Wallets just store the keys...  the actual xrp start on the XRPLedger and never leave it.  Eg. People don’t “move” their xrp onto their Nano Ledger device.. they just have the key stored there.

This link is to the widely respected ledger explorer tool at Bithomp:

https://bithomp.com/explorer/

if you type your PUBLIC address in there (the one starting with ‘r’ ) and click ‘Check’ then you can see exactly what the situation is.  Do it for both public addresses.

I don’t know anything about the Atomic wallet,  but if you haven’t actually funded the new address then you have not locked up anything...  just the original address would have the reserve (and your other xrp).

But maybe Atomic moves the xrp into the new address...  if so then yeah...  you have two amounts locked as reserve.

Anyway you can see for sure using the explorer.

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2 hours ago, lostInZerp said:

Any recommendations for wallets

Yes. Click below to see a very positive discussion about some recent wallet software written by a regular contributor to xrpchat:

 

Edited by tev
It can also create new addresses, but only if you tell it to. For your situation, it's enough to use it with your existing addresses/keys.

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3 hours ago, lostInZerp said:

Finally got it! Thanks for your help guys.

Any recommendations for wallets that dont require you to setup and fund a new public address?

My wallet. You just send it on over to me. I'll take care of it for ya! 😏

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