How to withdraw XRP from Coinbase to participate in the Spark airdrop (2024)

FAQs

How can I cash out my XRP on Coinbase? ›

Claim: To receive your XRP tokens, participants must go through a claiming process outlined by the XRP airdrop. This process usually includes verifying your ownership of the snapshot addresses and completing specific tasks or requirements. Coin: XRP is the digital coin or token distributed through the airdrop.

If your Flare tokens are on an exchange or in a wallet that does not support WFLR, transfer them to Bifrost Wallet. To be eligible for the airdrops, you need to hold WFLR in your address for some time before each airdrop.

Funds on hold

When you use a linked bank account (ACH) to buy crypto or add cash to your account balance, the funds are placed on hold and won't be immediately available to send or cash out. Think of this like depositing a check to your bank account and having to wait for it to clear before you can remove the funds.

Standard Airdrop: Participants interested in receiving an airdrop simply express their interest in order to receive the airdrop. The individual must provide a valid wallet address, and some airdrops require no additional information beyond this.

Claiming an airdrop requires you to connect your wallet to a smart contract and sign a transaction. This process can leave your wallet exposed to hacks if the smart contract is constructed with malicious intent.

Participating in a crypto airdrop is usually straightforward, and it often requires completing simple tasks set by the project. These tasks can include joining a Telegram group, following social media accounts, or signing up on the project's website.

Who is eligible for XRP flare airdrop? ›

Do I qualify for the airdrop? To qualify for the initial 15% airdrop, you must have had a confirmed positive balance of XRP in your Uphold account at the time of the snapshot - 00:00 UTC on 12th December 2020. To qualify for the remaining 85% FlareDrops, you just have to hold FLR in your Uphold account.

To receive the airdropped tokens, you will need a compatible cryptocurrency wallet. Most projects provide instructions on how to set up a wallet and where to provide your wallet address to receive the tokens.

Owners of XRP must keep their coins directly on-chain, not through an exchange, in order to be eligible for any airdrops. This is because they might need to clone their account on the Hooks sidechain in order to receive airdrops.

How to claim my FLR tokens? Go to XRPScan, paste your XRP address, and navigate to the Flare tab to find your Flare address and claimable FLR balance. If some FLR tokens are available to claim, head over to Ledger Live or MetaMask to claim your tokens. Learn more.

On February 20th, 2023, Coinbase Wallet discontinued support for the following assets and networks due to low usage: BCH, ETC, XLM and XRP. If you held these assets, they will still be tied to your address(es) and accessible through your Coinbase Wallet recovery phrase.

For more information, refer to our article on how to avoid crypto scams. If you have assets on networks that were previously supported by Coinbase Wallet (BCH, ETC, XLM, XRP), you will no longer be able to see or transact with those assets after February 20th, 2023.

Coinbase requires a minimum withdrawal of 22 XRP. NDAX charges no deposit fees for XRP.