The mystery behind 20 xrp ripple reserve?!

One of those things is ’20 XRP’ reserve that Ripple takes for using Ripple cryptocurrency which is very confusing and mysterious to many of us until now. And for today this mystery is my motivation to write and tell you what is the actual reason behind this ’20 XRP reserve’ thing.

What Is 20 XRP Ripple Reserve?
Ripple is a unique crypto asset which has built-in minimum rules of minimum balance for using its ledger. Just like some traditional banks require you to maintain a minimum balance in USD, EUR or INR similarly in order to use Ripple ledger you must deposit and maintain a balance greater than 20 XRP at all times. So once you fund you Ripple wallet address with 20 XRP or more then your account will be activated and usable. And this is an only a one-time thing for a particular new ripple address and you are always required to maintain 20 XRP on it. After that, it is pretty much similar to using Bitcoin or Litecoin.

Why Ripple Wallets Require 20 XRP Minimum?
This 20 XRP fee structure is enforced on Ripple blockchain to make it basically an anti-spam ledger where people don’t open unnecessary wallets. At this moment, once you deposit 20 XRP then these cannot be withdrawn. (Maybe this changes in future!!)

What Happens If You Don’t Have Minimum 20 XRP?
Nothing happens if you don’t have minimum 20 XRP reserve on you ripple addresses but you can use it until you have minimum 20 XRP on it. Any account under 20 XRP will be considered as not existent. So if you have less you won’t be able to make transactions out.