XRP Escrow Made Simple
by Secure Block Chains™
The XRP ledger requires that 5 XRP be placed in owner reserve to process an escrow transaction. This amount will not be part of the escrow and the funds will be unlocked from reserve when the escrow is released. SBC charges a 0.25% fee when placing XRP in escrow, this fee is non-refundable and will be deducted from the total during this transaction.
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Why should I place my XRP into Escrow?
Placing XRP into Escrow directly on the XRP ledger is the safest possible way to store your funds. Once funds are placed into escrow it is impossible to access until the date and time set in the escrow transaction have passed. Previously, the only way to complete this kind of transaction would be to have advanced programming skills and a deep understanding of blockchain technology. We created Reservoir Lite to give anyone the ability to easily send XRP into escrow with a few clicks.
How can I place my XRP into Escrow? It's easy, follow these 3 simple steps.
2. Fill out the form on the next page to generate a unique Invoice ID that will be used to process your escrow transaction. This information will be sent to you via email.
3. Finally, send the desired amount of XRP to the address listed in the email including the Invoice ID. Our servers will process your XRP directly to escrow on the ledger. We will then send you an email with all of the information necessary to release your funds. Keep this information in a safe place as it contains your secret Fulfillment ID which we do not store after it is sent to you.