OP here.  Big thanks to everyone who has contributed to this thread so far.  I plan to move my XRP to a hardwallet option soon.

A somewhat related question.  If I "withdraw" all my XRP from my exchange, and then transfer that amount to a wallet, would that be considered a taxable event for a U.S. citizen?  I know the IRS has made some changes to the tax code for 2018.  I understand tax law pretty well when it comes to securities, but crypto investing/trading is whole new ballgame.

If that isn't an event that needs to be recorded, another hypothetical question...

What would stop me from taking a position of say...100,000 XRP stored in my wallet, and then uploading it to a different exchange offering the highest price per token when I decide to sell, as opposed to the original exchange where I bought the XRP in the first place (which might be offering a drastically lower price)??

Is this a common practice in the crypto realm, my guess would be...absolutely??

Again, thanking everyone in advance for your input.
#n00b #learningtheropes
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