First Ledger Documentation
  • 🤔What is First Ledger?
  • 📨First Ledger Set Up
  • 💰Wallet Setup
  • 👜New Wallet
  • ⛓️Linking your social accounts
  • ☝️Funding a New Wallet
  • 📤Importing a wallet
  • Migrating Wallets (TG Mini-App Users)
  • 📈Trading
    • 😄Buying
    • 📈Tracking PnL
    • 📉Selling
  • ⚙️Settings
  • 🧊Slippage
  • 📼Preset Buys
  • ☑️Wallet Encryption
  • 🪙Point System
  • ⛽Fees
  • 👫Referrals
  • 🪙Launching a coin
  • 🧐First Ledger FAQ
    • 1. How do i withdraw XRP from First ledger?
    • 2. What happens if a token I purchased rugs?
    • 3. What does it mean when a project removes liquidity?
    • 4. What does locking or burning liquidity mean?
    • 5. Why am I missing 2 xrp when I'm trading a token?
    • 6. How can I import my First Ledger into another XRPL-supported wallet?
  • 📜Terms and Conditions
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  1. First Ledger FAQ

5. Why am I missing 2 xrp when I'm trading a token?

Similar to signing contracts to interact with daaps on EVM chains, to interact with tokens on the XRPL you have to sign a "trustline" ( bit.ly/TrustLines ). When signing a trust line, 2 xrp will be held in reserves to interact with a token. Once you completely sell your position, First Ledger will automatically remove the trust line for you, giving you your 2 xrp back.

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Last updated 1 year ago

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