What is the base reserve?
Every XRP Ledger account must keep 1 XRP on the ledger to exist. It is not a fee and nobody takes it; it is locked while the account exists, and the app shows your balance with it already deducted.
The XRP Ledger asks every account to hold a minimum balance, the base reserve, currently 1 XRP. It stops people from filling the ledger with millions of empty accounts.
Three consequences you will see in the app:
- A new account needs 1 XRP to exist. Until the first deposit of at least 1 XRP, the ledger has never heard of your address and the app shows an activation card.
- 1 XRP is always locked. The app shows the spendable balance, which is the ledger balance minus the reserve.
- Each trust line adds 0.2 XRP. Holding a token issued on the XRP Ledger needs a trust line, and each one raises your reserve slightly.
The reserve is a rule of the XRP Ledger, not of XRP Mobile. You would see the same in any wallet.
What does self custody mean for me?
Self custody means the keys to your funds exist only on your phone, protected by your recovery phrase. Nobody can freeze or move your funds, and nobody can recover them for you if you lose the phrase.
What is the Earn tab?
There is no yield product yet. The Earn tab says what we are building towards and lets you turn on a notification for the day it launches. No rate is promised.