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dissapearing xrp


sepilok
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My new gatehub ripple wallet was credited with the minimum 20xrp, but it only shows 19.98 now (and dropping every day). Anyone know if that will stop me opening gateways? I have been waiting to be confirmed for over a week. When I try to open BTC gatehub gateway, it says "insufficient xrp reserve."            

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8 minutes ago, sepilok said:

My new gatehub ripple wallet was credited with the minimum 20xrp, but it only shows 19.98 now (and dropping every day). Anyone know if that will stop me opening gateways? I have been waiting to be confirmed for over a week. When I try to open BTC gatehub gateway, it says "insufficient xrp reserve."            

Give me your XRP adx. I'll make you whole again.

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9 hours ago, sepilok said:

Do you know why it is dropping?

Every transaction you do on the RCL (be it sending money or setting trustlines, or creating an order) requires a small amount of XRP. This serves as spam-protection.

With the initial 20 XRP you can activate your account and create two trustlines (if I remember correctly). After that point, for every transaction that you do, you will need extra XRP: 5 XRP deposit [you will get it back] per open order or setting a new trustline; and a very small amount (e.g. 0.01 XRP) per transaction, this amount you will lose.

So load up a bit more XRP, and make sure you always have some reserve XRP above this 20 XRP limit.

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@Eik 20 XRP is only for account activation. Additional 5 XRP for each trustline, 5 XRP for each order placed, etc.

Before the run-up in XRP price, we used to give new users 31 XRP for account activation + trustline + 1st buy order placed + 1 XRP transaction cost. Right now 31 XRP costs about $9 USD.

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37 minutes ago, Roborovskii said:

@Eik 20 XRP is only for account activation. Additional 5 XRP for each trustline, 5 XRP for each order placed, etc.

[...]

I recently read here on the forum (including proof) that the first 20 XRP can also be used to create 2 trustlines (don't have the link at hand).

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