Jump to content

Safe to move my XRP to XUMM?

Recommended Posts

With XUMM you essentially are responsible for the XRP and Spark tokens yourself. You have to be able to create an ETH compatible address and secret, which will be identical in the Flare-network (the public address will be added to the Message Key of your XRP address in XUMM). If you have doubts about your doings and security, you shouldn't risk your XRP because of Spark tokens

If you have any questions, just ask. 

Bitrue (if you trust Bitrue) will support Spark and maybe some others too. https://bitrue.zendesk.com/hc/en-001/articles/360053316913-Bitrue-Will-Support-The-Spark-Distribution-From-Flare . Bitstamp was considering it also.  https://www.bitstamp.net/article/bitstamp-considering-flare-networks-spark-airdrop/

The decision has to be made by 12th of Dec. On that day a snapshot of XRP addresses and their balances will be taken.

Link to post
Share on other sites
1 hour ago, kenrino said:

You still have time, wait to see if your exchange support the airdrop by 12th of december, otherwise holding Xrp on the ledger is even more secure but it's a bit more technical.

I would not say it is more secure. It really depends how you create, secure and store your passphrases. At least you can blame yourself if something gets lost or stolen. If you pass away, your close ones might not be able to recover your funds etc. 

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.