Why it's bette rif we have more than 5 xlm in our wallet. It is only for activating the wallet ? Thanks.
Hello, all stellar accounts must maintain a minimum balance of lumens. Any transaction that would reduce an account’s balance to less than the minimum will be rejected with an INSUFFICIENT_BALANCE error.
✓ The minimum balance is calculated using the base reserve, which is 0.5 xlm currently
Here is the formula :
(2 + # of entries) × base reserveThe minimum balance for a basic account is 2 × base reserve. Each additional entry costs the base reserve. Entries include:
✓ Trustlines
✓ Offers
✓ Signers
✓ Data entries
For example, an account with 1 trustline and 2 offers would have a minimum balance of (2 + 3) × base reserve = 2.5 XLM.