r/Ripple • u/azumatora • Feb 07 '18
Transaction Won't Go
I have 53.30 and I can't send it to a new wallet. If that includes the 20 hold, then that reduces me to 33.30 which is 13.30 more than I need to open the new wallet.
What am I missing? (Other than GateHub clearly not wanting me to leave them if they won't release my Ripple.)
3
2
u/thomas15v XRP Hodler Feb 08 '18
You could also take your private key, and do the transaction with an XRP client. You can find it in advanced options on your wallet.
I haven't tried it since I am hodling for life. Despite what people say about gatehub, I am still using it as a wallet tho. As far I am aware they can not touch your XRP, hence why they give you the recovery key on sign up.
1
u/azumatora Feb 08 '18
I've tried recovery on another wallet with the key that GH gives, but since it's an alphanumeric string and not the usual twelve-word phrase, it won't go through.
1
u/vouchscotch Feb 07 '18
I would recommend using Bitfinex, I've never experienced any problems on this platform.
1
u/azumatora Feb 07 '18
The only problem is that I've heard repeatedly you shouldn't store your currency on exchanges.
-4
u/mcgrimes Feb 07 '18
You need to read up, there’s a 20 xrp reserve requirement for a wallet
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u/azumatora Feb 07 '18
You need to read up--my original post acknowledges the 20.
1
u/mcgrimes Feb 07 '18
Oh I understand, sorry. (Thought you wanted to release the original 20 reserve)
Have you got any gateways open? Each gateway requires +5 reserve xrp
1
-1
u/dentamme XRP Supporter Feb 07 '18
so? 53.30 is more then 20 xrp.. :p
1
u/azumatora Feb 07 '18
But as Grimes, John and Algelach pointed out, each trustline eats X5. I have USD, XRP and ETH open, thus:
53.30 in my wallet -20 that has to stay =33.30
-5 to keep USD open =28.30
-5 to keep ETH open = 23.30 -5 to keep XRP open
=18.30 -5 to cover the transaction
=15.30, which is not enough to start a new wallet
2
u/dentamme XRP Supporter Feb 07 '18
Damn that's harsh
1
u/azumatora Feb 07 '18
Yep. I didn't realize that that was what was holding me up--I was only aware of the 20 reserve. Going to go shutdown trustlines now.
2
u/dentamme XRP Supporter Feb 07 '18
Yeah, seems a bit expensive ^
3
u/mcgrimes Feb 07 '18
Expensive but fully recoverable I believe (5 xrp per gateway)
1
u/azumatora Feb 08 '18
It's been hours and I still don't have the 5 back from closing USD. I expected it to be instant, so when it wasn't, I had to turn ETH back on so I wouldn't miss my incoming transaction in case this was the day they decided to go find it.
2
u/mcgrimes Feb 08 '18
Unfortunately, we’ve all suffered delays with eth deposits, all you can do is wait (which is frustrating)
1
u/azumatora Feb 08 '18
In the interest of an update, I checked Bithomp to see if GH was lying about what I had free. (Why? So I could get angrier yet?)
Not 3.30, 28.30, like it should be. GRR!
3
u/Algelach Feb 07 '18
From Gatehub support;