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Could someone tell me if the minimum balance that is required with the ripple wallet can be withdrawn for another wallet, for example, for stormgain and so I could trade with those 20 XRP?

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Posted (edited)
1 hour ago, Slugger said:

Could someone tell me if the minimum balance that is required with the ripple wallet can be withdrawn for another wallet, for example, for stormgain and so I could trade with those 20 XRP?

IIRC you can deactivate your XRPL account, and recover 15 of the 20 reserve XRP tokens. The other five will be permanently burned. 

I've not done this myself, but I've read that the XUMM "wallet" app, and maybe the XRPTools kit can provide you the means to do this. 

GL m8

Edited by JASCoder
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@Slugger Don't send your recovered XRP directly to an exchange from a "delete" transaction unless they confirm that they accept "delete" transactions as deposits. As these aren't regular payment transactions, many exchanges don't recognise them as a deposit and your XRP may become lost in the exchange and you'll need to contact their support to eventually get them back.

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Posted (edited)

so, if you have more than one wallet that you hold the keys for, you can recover 15 xrp from each extra wallet that you are deleting, and sending the 15xrp from each to the one remaining wallet.

IF you only have one wallet, then you cannot recover the 15xrp, because the 15xrp has to be sent to another wallet.

you could send it to a friends wallet if he agreed to compensate you with whatever value you agree on, but beware of the regulators coming down hard on un registered money transmitting business & money laundering & funding torrorism, you &/or your friend could go to prison if you do this :nea:

Edited by paym8
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2 hours ago, paym8 said:

so, if you have more than one wallet that you hold the keys for, you can recover 15 xrp from each extra wallet that you are deleting, and sending the 15xrp from each to the one remaining wallet.

IF you only have one wallet, then you cannot recover the 15xrp, because the 15xrp has to be sent to another wallet.

you could send it to a friends wallet if he agreed to compensate you with whatever value you agree on, but beware of the regulators coming down hard on un registered money transmitting business & money laundering & funding torrorism, you &/or your friend could go to prison if you do this :nea:

I've got over two dozen wallets (back in the day we'd actually use the ledger and play around with doing different things on it). I'm just letting them sit there with 20 XRP. If XRP gets big the reserve is going to go down. Why abandon 5 XRP in each wallet today when if XRP is $20 in a few years the reserve will go down to 1 XRP?

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4 hours ago, paym8 said:

you could send it to a friends wallet if he agreed to compensate you with whatever value you agree on, but beware of the regulators coming down hard on un registered money transmitting business & money laundering & funding torrorism, you &/or your friend could go to prison if you do this

Seems a little drastic to be concerned about prison, seems to me like you're describing a private sale of XRP, which is completely different to establishing a money-transmitting business. Just don't money-launder or fund terrorism, regardless of the asset you're using! Know your tax obligations though.

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no fun anymore?

7 hours ago, paym8 said:

you could send it to a friends wallet if he agreed to compensate you with whatever value you agree on, but beware of the regulators coming down hard on un registered money transmitting business & money laundering & funding terrorism, you &/or your friend could go to prison if you do this :nea:

that was just a little satire,  

But if one does get caught funding terrorism, or money laundering they may well get prison. how big/small the amount needs to be before prison is unclear, if you just do it a little bit say $20 is it ok, but not ok if you do $250 or $250million? where is the line?

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