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XRP: Common Questions
Introduction
XRP is the native currency of the Ripple payment network. The company behind it seeks to make cross-border money transfers fast, easy, and cost-efficient. XRP has these ideas at its very core, thus getting rid of sky-high network fees and transaction delays. Make sure to get in touch with Ripple's vibrant community!
- XRPscan to track your transactions
- XRP Chat for discussing Ripple
Handy XRP links
Atomic Wallet & XRP: A Brief Overview
Swap. You can buy & sell your XRP for crypto in the Swap tab in our app. Check our guide here for more info.
Buy crypto. We fully support fiat XRP purchases, which you can make in the Buy crypto tab. For step-by-step instructions on how to do that, refer to our guide here.
Staking. XRP is unavailable for staking at this time.
Why can't I withdraw my 1 XRP from my balance?
The Ripple Foundation has recently lowered the unspendable balance from 10 XRP to 1 XRP. Currently, 1 XRP is the minimum balance required by the Ripple Ledger to keep your account active. Please note that this minimum balance requirement is imposed by the Ripple blockchain, not Atomic Wallet.
Do I need a Destination tag?
If you're sending your XRP to your Atomic Wallet address, you can just skip the Destination tag field. In case it's marked as required, just use random numbers as your tag.
If you're sending your XRP out of your Atomic Wallet, please check the receiving wallet's policies on Destination tags. You'll surely need to enter one if you're transferring your coins to an exchange's address.
Why do exchanges require a Destination tag?
For the sake of resource efficiency, crypto exchanges don't generate a unique address for every single customer. Instead, multiple customers share one address, with each of them having their own Destination tag. Said tag is used to signify who this portion of funds belongs to. That's why entering your tag is crucial when you're transferring your XRP to exchange—you may lose your funds otherwise!
Atomic Wallet, on the other hand, creates a personal account you alone have access to, so you don't need a Destination tag to receive your coins. You can compare this to owning a flat in an apartment block vs. owning a house. You'd need to know both the building's address and the unit number for an apartment, but things get easier with a house.