"Where is my XRP?" A guide from the makers of XUMM

[PunishmentOfLuxury]

Where is my XRP? Where assets are held & the role of wallets

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People wrong-foot themselves because of getting one thing wrong. Then, when things don't match their perception while working with their wallet or exchange and it causes all manner of confusion and, even, panic when they think their digital assets have 'disappeared' or have gone to the wrong place.

There are four common misconceptions; the 'location' of the digital assets, the role of wallets, the difference between an account on a ledger/blockchain and a customer account at an exchange and the difference between custodial and non-custodial applications and services.

The forum gets so many questions on this topic from people new to the XRP ecosystem and misunderstandings are widespread. This article is a great help. Perhaps it should be pinned?

[Wietse]

 Happy that helps!

Credits: @netscr1be

Edited February 9, 2021 by Wietse