This service is no longer active. We have left this page available for historical reference.
What is my destination address and what is it used for?
Your destination address is your XRP wallet address you’ll be using to send/receive your XRP.
Does Reservoir Lite request my secret key?
No. Reservoir Lite never asks users for their secret key.
What is my email used for?
You will receive your Escrow information via your email for your records. At no point does Reservoir Lite store your fulfilment, or transaction hash. We advise you secure your transaction information as soon as you receive it.
What is an invoice ID and how is it used?
When you submit your escrow information an invoice ID is generated for you to include when you send your XRP to Escrow through Reservoir Lite.
Is my XRP really stored on the same ledger as Ripple’s 55 billion XRP?
Yes, see for yourself on XRP Charts by entering your transaction hash.
How do I release my XRP from Escrow?
In order for you to receive your XRP in your destination address you must enter your email, fulfillment, transaction hash, and select, “Release Escrow”.
Is it possible to retrieve my XRP if I don’t have access to the Reservoir Lite service?
Yes, this is possible upon maturity of your escrow. Email email@example.com if you are interested in using this method.
Will I be able to release my XRP from Escrow before the maturity date/time?
Why do you charge a 0.25% XRP fee?
The 0.25% XRP fee goes towards our development efforts, maintaining the application’s security, and server/node costs.
Why must I maintain 20 XRP in my wallet to make a transaction?
In order for your wallet address to be recognized on the XRP ledger it must hold a Base Reserve of 20 XRP.
Why must I provide an additional 5 XRP for every escrow?
Our service is forced by the XRP ledger to include an Owner Reserve of 5 XRP per escrow. Once you release your escrow you will be refunded this Owner Reserve of 5 XRP.
What is the transaction cost?
The Transaction Cost is implemented to protect the XRP Ledger from being disrupted by spam and denial-of-service attacks. Each transaction destroys a small amount of XRP, therefore it is not paid to any third party (Ripple, 2017).
Why isn’t Reservoir Lite open source?
If we open source our code it will compromise security. All information entered through Reservoir is encrypted before it ever hits the server. This is a paid software service, not an open source project.