Keeping XRP In Exchange Wallets Fuels Market Volatility

The XRP price has seen quite a bit of negative momentum as of late. That is not entirely surprising, considering all currencies and assets lost value. The recent Bitcoin price drop is not doing the markets any favors. However, exchange users make life easier for market manipulators by keeping coins on online platforms. Stagnant coins can also create leverage for market traders, which needs to be avoided.

Get Your XRP Balances Off Exchanges

Although it may not seem like it, there are decent XRP wallets out there. Storing funds in an exchange is the most convenient option. However, Ledger enabled hardware wallet support for XRP. Anyone who wants to be a long-term XRP investor needs to move funds to a wallet they control themselves. An exchange or online wallet simply isn’t worth it.

More specifically, so many people keeping funds in exchange wallets create more opportunities for margin traders. It is of the utmost importance the coin supply across exchanges is reduced to a minimum. XRP is not your average cryptocurrency investment by any means. It will not double in value overnight, nor should it.

Storing funds offline has proven

Read more ... source: LiveBitcoinNews

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