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Cicero

XRP recovery on Ledger Nano S

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What is needed for recovery of XRP on ledger nano S, is it just the 24 words?  If that's the case does that mean if someone has access to my 24 words they can duplicate my ledger nano and steel my XRP?


Cheers

 

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Yes, that is correct. The 24 seed words are really the key. If your ledger is damaged then you can restore your wallet on another ledger using those 24 key words.

Edited by Sootradar

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26 minutes ago, Cicero said:

What is needed for recovery of XRP on ledger nano S, is it just the 24 words?  If that's the case does that mean if someone has access to my 24 words they can duplicate my ledger nano and steel my XRP?


Cheers

 

Protect them with your life.

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Thanx. So one needs just a compatible wallet that supports Ripple.

Is it possible to have two wallets with the same 24-words-seed at the same time? So f.i. a Ledger Nano S and a Ledger Blue (or an online Ripple-wallet) for the same Ripple-address?

Edited by Jacobus

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7 hours ago, Jacobus said:

Is it possible to have two wallets with the same 24-words-seed at the same time? So f.i. a Ledger Nano S and a Ledger Blue (or an online Ripple-wallet) for the same Ripple-address?

Yes

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In the case that Ledger goes out of business and I'm unable to download their desktop Ripple wallet app am I just SOL? This seems like a huge issue.

I'm not aware of any BIP39 wallet alternative that supports XRP. 

Anybody know of one?

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Just now, CryptoJoe said:

In the case that Ledger goes out of business and I'm unable to download their desktop Ripple wallet app am I just SOL? This seems like a huge issue.

I'm not aware of any BIP39 wallet alternative that supports XRP. 

Anybody know of one?

If I remember correctly, there are some command line on github that can be used to sign transactions without having access to your Ledger. Just search this forum or post a new topic and maybe someone will post a link.

 

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58 minutes ago, CryptoJoe said:

In the case that Ledger goes out of business and I'm unable to download their desktop Ripple wallet app am I just SOL? This seems like a huge issue.

I'm not aware of any BIP39 wallet alternative that supports XRP. 

Anybody know of one?

You’ll find a list of compatible wallets in the following link:

https://ledger.zendesk.com/hc/en-us/articles/115005297709-On-which-wallet-can-I-restore-my-wallet-if-I-lose-my-Ledger-device-

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That's all well and good, but none of them support XRP without Ledger's desktop app. Right? So if Ledger goes away and you're no longer able to download their app then your XRP will not be accessible because you don't control the secret key.

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On 31/12/2017 at 10:01 AM, CryptoJoe said:

Yeah, I've seen this page: https://iancoleman.io/bip39/ 

I'm not entirely sure what you do with that though. And obviously I don't want to type my 24 words in to that website just to see what happens.

 

1 hour ago, CryptoJoe said:

That's all well and good, but none of them support XRP without Ledger's desktop app. Right? So if Ledger goes away and you're no longer able to download their app then your XRP will not be accessible because you don't control the secret key.

Ledger has this recovery tool for XRP

https://github.com/LedgerHQ/ripple-recovery-tool

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On 1/15/2018 at 9:03 PM, Khaleesi said:

 

Ledger has this recovery tool for XRP

https://github.com/LedgerHQ/ripple-recovery-tool

 

I’ve just tested this tool as I just bought a couple of Ledger Nano S devices recently. The tool seems to have issues at present, mainly due to discontinued / updated Node libraries. I’ve gone back and downgraded Node, but it still has issues. The first run I was having to node install various components, then it started to work, until the last step and wouldn’t make the transfer at which point I had insufficient info as to what else was needed. 

I’m currently running Git and Node on W10, but I suspect this may be s job for Ubuntu.

I think the short-term answer is to have multiple ledger nano devices, but I do worry about version levels of software overtime.

 

BTW - the off line version of Ian Coleman’s tool works perfectly with the Wallet Seed Phrases.

Edited by Mikhail_Liebenstein

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