XRP - Flare

[mtb2020]

Hi All...My question is if I have transferred my XRP holdings to a Ledger Nano (where I keep all my coins and tolkens) and they are not held on an exchange (CoinBase) - How does Ripple know that I own XRP and how many?  I understand there may be or has been a snapshot of holders but will I have to go and claim my Flare...I am somewhat confused...Thanks all!

[Panzer_Kitteh]

You're cryptocurrency isn't stored on the Ledger Nano S. What is stored on it is your private key. 

Edited August 20, 2020 by Panzer_Kitteh

[Flintstone]

@mtb2020 XRP doesn’t leave the XRP Ledger. All wallets are just portals to the ledger.

[BryantMoss]

Greetings From The Bahamas,

Can anyone share any information on acquiring Flare spark tokens for XRP holders who use the Exodus wallet or the hardware wallet Trezor model T ?

I have send Flare emails with no response. 

Regards

Bryant

[Flintstone]

@BryantMoss At present, doesnt look like xrptoolkit supports Trezor for claiming Spark.

You could manually do it in a safe, offline environment, or transfer XRP to a participating exchange.

You could also try contacting Exodus to see if they are planning to participate.

[BryantMoss]

Hello Flinstone,

What do you call a safe offline environment ?

Is there a tutorial for a safe offline environment ?

Regards

Bryant

[Flintstone]

@BryantMoss A computer that never connects to the internet.

As an example, you can download Bithomp tools (wallet) to a usb stick, transfer that to an offline computer and Do the transaction offline which generates a qr code, which you can then submit to Bithomp explorer on an online computer.

You can do all this on an ‘online’ computer, by disconnecting from the internet while using the wallet, but it’s risky as there may be malware on your pc etc.

 

Edited August 28, 2020 by Flintstone

[BryantMoss]

Gentlemen, I appreciate your responses. However this sounds like this is beyond my skillset. I do have a question, is it cheaper for me and easier for me just to get the Nano S and transfer everything from the trezor to the nano s or nano x and then use that xumm app thing and go from there? Is that my cheapest and easiest route ?

[kanaas]

Gentlemen, I appreciate your responses. However this sounds like this is beyond my skillset. I do have a question, is it cheaper for me and easier for me just to get the Nano S and transfer everything from the trezor to the nano s or nano x and then use that xumm app thing and go from there? Is that my cheapest and easiest route ?

Depends on the amount XRP you have and the value of SPARK you might get. Could be cheaper to do nothing or to buy SPARK instead of a Ledger [emoji57]

[Dogowner5]

5 hours ago, BryantMoss said:

Gentlemen, I appreciate your responses. However this sounds like this is beyond my skillset. I do have a question, is it cheaper for me and easier for me just to get the Nano S and transfer everything from the trezor to the nano s or nano x and then use that xumm app thing and go from there? Is that my cheapest and easiest route ?

I think you might find it easier to move them on to a good participating exchange for the snapshot.  There is a risk with that,  but no skill required.

You will know at least two weeks in advance when the snapshot will be taken.

It does all depend on the amounts involved, your skills, and whether it is even worth doing anything.

Another option is do nothing at all for a few months even after the snapshot until the dust has settled.  If past airdrop and forks are any guide then the coin will likely plummet in value from its starting point before recovering somewhat (or totally or more) over time.  Or it could start as worthless and stay that way.  In which case waiting was a good idea.  It’s only if it pumps like mad then collapses forever that a delay in acquiring is an issue.  If it is worth something then after those months you could decide to claim and do the setup then.

Depends on what you think will happen.