Cryptocurrency Q&A
Why do I have to keep 20 XRP?
Why do I have to keep 20 XRP?
CherryBlossomDancing
Wed Dec 04 2024
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5
answers
1220
I don't understand why I am required to maintain a balance of 20 XRP. What is the purpose of this requirement and what happens if my balance falls below this amount?
5 answers
HanjiArtistryCraftsmanship
Fri Dec 06 2024
An important aspect to consider regarding XRP wallets is the requirement for a minimum holding of 20 XRP.
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EthereumEmpire
Fri Dec 06 2024
This regulation stems from the operational mechanics of the XRPL, the underlying blockchain technology that powers XRP.
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Stefano
Fri Dec 06 2024
Specifically, when setting up a new XRP wallet, an initial deposit of at least 20 XRP is necessary to activate the wallet on the XRPL.
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GeishaMelodious
Thu Dec 05 2024
Once activated, the wallet must maintain a minimum balance of 20 XRP or more.
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KatanaSwordsmanship
Thu Dec 05 2024
This minimum balance requirement is ongoing, meaning that the wallet must continue to hold at least 20 XRP to remain functional within the XRPL ecosystem.
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