Bearded Trader Asks Me About XRPL—Here’s What I Told Him

So I’m chilling in my favorite crypto Telegram group, dropping my usual #facts and stacking $STB, when this dude—let’s call him Bearded Trader—slides in with a question:

“Yo, Ben, I keep hearing about XRPL. How do I even get started?”

Now, Bearded Trader is no rookie. He’s seen some pumps, he’s been wrecked a few times, and he’s still in the game—respect. But when it comes to XRPL, he’s clueless. And honestly? That’s most people.

So I broke it down for him real simple. 

Step 1: Get Yourself an XRPL-Compatible Wallet

”First things first, my guy, you need a wallet that supports XRPL. You can’t just throw XRPL on MetaMask and call it a day.”

And I introduced him to FirstLedger.net—the heart of the XRP chain.

Step 2: Activate That Bad Boy

Activating your First Ledger wallet is as easy as finding a meme coin in the crypto jungle.

1. Visit the First Ledger Website: Navigate to firstledger.net.

2. Connect Your Telegram Account: Click on “Connect” and follow the prompts to link your Telegram account.

3. Create a New Wallet: After connecting, click on the “Wallet” button and select “Create XRPL Wallet”. Give your wallet a catchy name— perhaps Moonbags or HODLer’s Haven.

4. Save Your Recovery Phrase: You’ll receive a 24-word recovery phrase. Write it down and guard it like the secret recipe to your favorite snack— without it, access to your wallet could be lost forever.

5. Fund Your Wallet: Here’s the one thing that throws people off: you need at least 10 XRP to activate your wallet.

Bearded Trader hits me with: “Wait, I gotta lock up XRP just to use the chain?”

Yes, my dude. But it’s not a scam, it’s actually genius. The reserve requirement prevents spam attacks and keeps the network clean. Unlike certain chains (cough Solana cough), XRPL doesn’t randomly halt because of bots spamming nonsense.

I tell him: Just think of it as the bouncer fee to get into the VIP crypto club. Except instead of some overpriced bottle service, you get fast, cheap, and secure transactions.

If you’re more of a visual person Click Here for a step by step tutorial.

6. Start Trading: With your wallet activated, you’re ready to dive into the world of XRP trading. Remember, in the crypto wild west, always trade responsibly and keep your private keys secure

I see Bearded Trader getting hyped now. “Alright, alright— where do I buy XRP?”

And I tell him, “That’s tomorrow’s lesson.”

Stay Tuned 🙃