How To Fund Your Wallet

[tulo]

Since I'm tired of thousands of messages of people begging for 50 XRP to fund a wallet I write some options. And you have to know that activating a wallet means simply receiving more than 20 XRP on the account. Also a payment of 10k XRP works, so that your account gets activated and you have 10k XRP in it (of which 20XRP will be locked forever). It's better to send more than 20 XRP because you need more for trust lines. 30-50 XRP is a good amount.

The options:

• Gatehub: registering an account at gatehub and confirming your phone number you'll receive a funded account with 20 XRP PROS: it's free, it's safe. CONS: you need to send your personal informations, it's slow because tons of accounts are being created.
• Bithomp (https://bithomp.com/). It provides a way to generate funded accounts. You can use paypal, BTC or perfect money. I don't know how slow it is. It provides also other useful tools for Ripple so it's worth it to give him some revenues. PROS: paypal, BTC, perfectmoney accepted. CONS: expensive wrt the market.
• Shapeshift (https://shapeshift.io/). It let's you convert basically every crypto into XRP. If you use as destination account your address and if you send more than 20 XRP, the account gets activated. PRO: you can use any cryptocurrency, super fast, almost market price. CONS: sometimes they are out of XRP so you need to wait. 
• Ebay: you can buy XRP on ebay and have them shipped to your account. If it is more than 20 XRP your account gets activated (and you receive all the XRP sent). PRO: you can use paypal. CONS: expensive.
• Begging on XRPchat: I hope you'll burn in hell now that you have all those options!

 

Let me know if I forgot other ways.

Edited June 14, 2017 by tulo

[Eik]

Other exchanges where you can first exchange crypto/fiat into XRP and then withdraw XRP to your own wallet are:

• Kraken (https://www.kraken.com/): deposit fiat or crypto, exchange for XRP and withdraw to your own account.
• Poloniex (https://poloniex.com/): deposit crypto, exchange for XRP and withdraw to your own account.

[XrayRomeoPapa]

Thanks for this, I'll keep this thread link on hand.

[Guest]

i approve of this thread title

[Mercury]

I altered the title slightly To make up for it I pin'd and featured this so it will be top of the list, I am also NOT moving it to new members as the General tab is what most people see first.

To new members, please do visit the new members section, review the troubleshooting section to see if any issues you may have been addressed already and visit the links and resources page.

Thank you to all existing members who help out

[namini]

Quote

And you have to know that activating a wallet means simply receiving more than 20 XRP on the account.

btw 20 XRP is enough to connect 2 trust lines and place orders that are filled instantly not staying on the book.

[tulo]

3 minutes ago, namini said:

btw 20 XRP is enough to connect 2 trust lines and place orders that are filled instantly not staying on the book.

For activation + 2 trust lines you need 30 XRP as reserve (20 + 5 + 5).

But if you make instant orders you can also not have any trust line, so 20 XRP + some (1 XRP) to pay the fees is enough.

[namini]

I'm 100% positive you can connect 2 trust lines with 20 XRP (but not all wallets supports it).

For example:

https://charts.ripple.com/#/graph/rKmWtmgRe7Xi7FDm9aa2Nwy8KxpSGe2p2E

 

and you can also go below 20 XRP and still place orders that are filled instantly

Edited May 16, 2017 by namini

[Warbler]

18 hours ago, tulo said:

(of which 20XRP will be locked forever).

• Bithomp (https://bithomp.com/). It provides a way to generate funded accounts. You can use paypal, BTC or perfect money. I don't know how slow it is.

 

1) 20 XRP locked until base reserve amount is chnaged now it's 20 XRP, but can be changed.

You can add 2 trustlines, even if you have only 20 xrp. xrp fee will be taken, so you will have slightly less then 20 xrp.

Also works to change settings on the account etc.

2) Bithomp doesn't generate funded account.

a) We have service to generate acconts (it's generated in user's browser, not touching our server, can be generated offline as well)

b ) we activate accounts (sending a base reserve amount or a bit bigger amount to non-activated wallets only)

3) Account activation with PayPal or PerfectMoney on Bithomp takes most of the time only 1 second. With Bitcoin as soon as first confirmation arrived. Can be 15 minutes, if users pay bitcoin fee with rate around 400 satoshis per byte, or can take as long as 4 days and more if users pay standart blockchain.info wallet fee 120 s/byte.