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Questions tagged [ripple-transaction-fees]

Ripple transaction fees are in place to prevent spammy transactions.

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1answer
4k views

Current transaction fees for various cryptocurrencies

Is there a place that lists current transaction fees for various cryptocurrencies like Bitcoin, Litecoin, Ripple, Ethereum, Bitcoin Cash etc.? The best would be fees converted to some fiat (USD, EUR) ...
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1answer
375 views

Why are the fees for converting Ripple to Bitcoin so high?

So I've very recently gotten into cryptocurrencies and after making a bit of money on bitcoin, I decided to try an altcoin. I used Changelly to convert my bitcoins into XRP and the fees were very low. ...
5
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1answer
1k views

What can we do with XRP?

I'm trying to get my head around XRP, "the native currency of the Ripple network". I understand that it's a currency that's only used within the Ripple platform to allow for transactions and serve as ...
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1answer
727 views

Does 20 XRP become unusable once deposited in a wallet?

If I'm sending, say 50 XRP, first time to an exchange or wallet, will 20 XRP be locked forever and become unusable? Since 20 xrp are required to activate that account.
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2answers
93 views

Ripple Asset Fees

How would you issue an asset with a fee and then have a customized fee structures once the asset starts trading? Such as Maker/Taker model or customized fees when transmitting the asset after the ...
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1answer
1k views

how can you calculate the total XRP transaction fees for an offer?

If I place an offer (say BUY 1.0 BTC, SELL 450 USD), how do I know what my expected transaction fees are? Is the transaction fee applied to the offer, or is the transaction fee applied to each ...
-3
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1answer
213 views

Can Ripple be used for a crowdfunding platform?

Wondering if Ripple can be used in lieu of PayPal for a crowdfunding platform? That is, can the Ripple network would be used to faciliate payments without the users of the crowdfunding platform having ...
9
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1answer
2k views

How exactly is Ripple decentralized when OpenCoin has so much XRP?

Let us assume in a best case scenario, the Ripple system gets opensourced this year and the 50 billion XRP are distributed fairly to many people in the world. One of the reasons of having XRP ...
4
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1answer
185 views

Are transit fees supposed to be common in Ripple?

In addition to transaction fees, Ripple also has transit fees when exchanging IOUs. Is it supposed to be common to pay transit fees, or is it for rare cases only? How much would the transit fees ...
2
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1answer
413 views

With Ripple, is it possible to have XRP IOUs?

Just as there are USD IOUs, EUR IOUs, BTC IOUs, and so on, is it possible to have XRP IOUs in the system? If yes, could XRP IOUs be used as transaction fees?
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1answer
347 views

With Ripple, how is base fee (transaction fee) calculated?

The Ripple wiki says (emphasis added): If the reference transaction should cost 10 millionths of a ripple, the "base fee" should be set to 10. This is the current value. This makes it very simple ...
8
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1answer
1k views

Won't ripples run out in time?

If there are a finite number of ripples, and ripple transaction fees get destroyed with each transaction, then wont they eventually run out?
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1answer
372 views

What does it mean that ripples are destroyed?

I learn that, whether involving the transaction fees, or in some other cases, ripples can be destroyed. What does it mean? If I was charged a fee, does that mean that nobody got that fee as a ...
3
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1answer
238 views

What are all the different fees used in Ripple?

This article mentions two fees: 200 XRP for creating an account 50 XRP for creating a credit line Is the credit line fee one time or per credit line? Are there any other fees in Ripple? Is there a ...
9
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2answers
649 views

Who earns transaction fee in Ripple?

In Bitcoin, fees are earned by the miners. Who earns the transaction fees in Ripple?