Dayo Posted April 10, 2017 Share Posted April 10, 2017 Hello, I just sign up for my XRP on Gatehub but I can't set up my deposit account because I don't have enough XRP. I have 30 xrp and 50 is needed. what do i do.. my XRP address: rPxphzDy2AomfurhARGt2tZzwhjD2h5W85 Thanks Link to comment Share on other sites More sharing options...
enej Posted April 10, 2017 Share Posted April 10, 2017 12 minutes ago, Dayo said: Hello, I just sign up for my XRP on Gatehub but I can't set up my deposit account because I don't have enough XRP. I have 30 xrp and 50 is needed. what do i do.. my XRP address: rPxphzDy2AomfurhARGt2tZzwhjD2h5W85 Thanks Hi @Dayo looks like you are ready to go. Kind regards, Enej enrique11 and DarthTrader 2 Link to comment Share on other sites More sharing options...
namini Posted April 10, 2017 Share Posted April 10, 2017 Just curious but, 50 XRP is needed for what? fiat deposit? crypto deposit? Link to comment Share on other sites More sharing options...
Dayo Posted April 10, 2017 Author Share Posted April 10, 2017 Oh thanks alot. Link to comment Share on other sites More sharing options...
tulo Posted April 10, 2017 Share Posted April 10, 2017 (edited) 3 hours ago, namini said: Just curious but, 50 XRP is needed for what? fiat deposit? crypto deposit? In RCL you need some "locked" XRP that are called reserves. You need (at current setting) 20 XRP to create an account and 5 XRP per "item" in the ledger, that are offers, trust lines,... I think when an account is created in Gatehub, automatically 3 (or two) trust lines are set, so that 35 (or 30) XRP are locked. If you want to add another trust line then you need more XRP to be frozen. You can solve by removing other trust lines or funding with more XRP. PS: when I was experimenting with BOTS I had one error, so that I didn't delete my offers and my bot end up with 2000-5000 offers (wasn't able to count them even via software ) and 10.000-25.000 XRP locked. PPS: to see your locked XRP (and have an estimate of trust lines and offers) you can send an "account_info" (https://ripple.com/build/websocket-tool/#account_info) request and look at the "OwnerCount" field. That is the number of "items" on the ledger. Multiplying by 5 + 20 it gives the actual reserve. Edited April 10, 2017 by tulo Link to comment Share on other sites More sharing options...
ozepa Posted April 10, 2017 Share Posted April 10, 2017 I tried to open an account on Wednesday, almost a week ago, and i am still waiting for verification. I sent an inquire and never received response. ozepa Link to comment Share on other sites More sharing options...
namini Posted April 10, 2017 Share Posted April 10, 2017 Yes Tulo, but also, you cannot deposit funds with a bank if you don't have 50 XRP on Gatehub, which seems weird? @enej Btw @ozepa you don't have to wait verification if you just want to trade cryptos (not including FIAT money). tulo 1 Link to comment Share on other sites More sharing options...
enej Posted April 11, 2017 Share Posted April 11, 2017 12 hours ago, namini said: Yes Tulo, but also, you cannot deposit funds with a bank if you don't have 50 XRP on Gatehub, which seems weird? @enej Btw @ozepa you don't have to wait verification if you just want to trade cryptos (not including FIAT money). @namini nice catch! It's actually just the text that's wrong. We'll update it in our next release. namini 1 Link to comment Share on other sites More sharing options...
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