Ripple Desktop Wallet to Toast Wallet

[kungfuthug]

Hello.

I have my ripple address stored in my Ripple Desktop Wallet. The Ripple Desktop Wallet is going to be discontinued soon and I want to move my ripples (or the address and codes, however the hell it works) to a toast wallet. I am wondering if anyone can assist me with this?

I do not want to setup a new wallet in toast as I don't want to burn another 20 XRP in the reserve. I want to just associate my current address to Toast. Is this possible? How do I do this exactly?

I am not sure if I am correct or not but I understand that the ripples are not held in my wallets but rather the keys to my ripples, am I correct? If this is the case than I would assume that I can just simply house my keys in a different wallet and not pay another reserve and set up a brand new address?

 

Thanks

[PunishmentOfLuxury]

1. Reveal your secret key, record it carefully and securely.

2. Import it into Toast wallet. No extra XRP reserve needed.

The key to your funds is the secret key, not the wallet.

[RIPe]

IMO, Nano s Ledger is the best way to store your XRP

[XRPHdlr]

On 15/02/2018 at 10:51 PM, kungfuthug said:

How do I do this exactly?

I would like to know that too..the method, so I can finally understand how the wallets work.

I thought that each XRP had it's own key, now I'm hearing that by just transfering a "address" key transfers the "account". 

I would be grateful if someone could please point us newbs to a proper explanation of the basics.

[vrippled]

1 hour ago, RIPe said:

IMO, Nano s Ledger is the best way to store your XRP

Does the ledger Nano S allow you to enter an existing Secret Key (e.g. secret key of Ripple Wallet on Gatehub...etc.) and transfer it over??

Someone else on the forum said he wasn't sure if the Ledgrr Nano S allows this or not

Thanks

[Champipple]

On ‎2‎/‎15‎/‎2018 at 3:51 PM, kungfuthug said:

Hello.

I have my ripple address stored in my Ripple Desktop Wallet. The Ripple Desktop Wallet is going to be discontinued soon and I want to move my ripples (or the address and codes, however the hell it works) to a toast wallet. I am wondering if anyone can assist me with this?

I do not want to setup a new wallet in toast as I don't want to burn another 20 XRP in the reserve. I want to just associate my current address to Toast. Is this possible? How do I do this exactly?

I am not sure if I am correct or not but I understand that the ripples are not held in my wallets but rather the keys to my ripples, am I correct? If this is the case than I would assume that I can just simply house my keys in a different wallet and not pay another reserve and set up a brand new address?

 

Thanks

This is the first I'm hearing about this. So are my Zerps still safe until I move to another wallet even after they discontinue use of the wallet? 

[Champipple]

On ‎2‎/‎15‎/‎2018 at 10:06 PM, PunishmentOfLuxury said:

1. Reveal your secret key, record it carefully and securely.

2. Import it into Toast wallet. No extra XRP reserve needed.

The key to your funds is the secret key, not the wallet.

Ok set up toast wallet and imported secret key from Rippex. Now its showing my ripple address and zerp balance. Doesn't look like toast wallet banged me for 20 zerps like you said.  When I checked my Rippex wallet, its also showing the same balance. Shouldn't it be at zero?  Confused?

[RIPe]

Your zerps will be safe but I would invest on a hardware wallet like Nano S Ledger.  

Edited February 17, 2018 by RIPe
Delete

[RIPe]

5 hours ago, vrippled said:

Does the ledger Nano S allow you to enter an existing Secret Key (e.g. secret key of Ripple Wallet on Gatehub...etc.) and transfer it over??

Someone else on the forum said he wasn't sure if the Ledgrr Nano S allows this or not

Thanks

Your zerps will be safe but I would invest on a hardware wallet like Nano S Ledger.  

You can NOT transfer an existing secret key .  The owner will be given a 24 word key (replacing a secret key or in case you lose it or by another one). A personal address (for each cryptocoin you have) will be generated, for receiving purposes (deposits). When you have to send it, you (the owner) have to PHYSICALLY confirm it or by pushing a button on the Ledger. Some think this is a downside, since you cant do a transaction without having your Nano S (I actually like this since it somewhat controls my impulse sending/selling, lol).

https://www.ledgerwallet.com/products/ledger-nano-s

[PunishmentOfLuxury]

8 hours ago, Champipple said:

Ok set up toast wallet and imported secret key from Rippex. Now its showing my ripple address and zerp balance. Doesn't look like toast wallet banged me for 20 zerps like you said.  When I checked my Rippex wallet, its also showing the same balance. Shouldn't it be at zero?  Confused?

Your XRP live on the XRP ledger, not in the wallet. You can inspect the ledger with any wallet(s) you want - they will all show the same balance. The wallet is just an interface to the ledger.

[Champipple]

1 hour ago, PunishmentOfLuxury said:

Your XRP live on the XRP ledger, not in the wallet. You can inspect the ledger with any wallet(s) you want - they will all show the same balance. The wallet is just an interface to the ledger.

Yah thanks. Found that out another thread. Lot of helpful info here on this forum. 

[MisterHappy]

If you own more than 1000 ripple than Nano is the way forward because it's the safest. Otherwise keeping in Toast isn't a problem

[Guest]

18 hours ago, MisterHappy said:

If you own more than 1000 ripple than Nano is the way forward because it's the safest. Otherwise keeping in Toast isn't a problem

A paper wallet is more secure than a ledger nano because you're not relying on third party hardware which you have no visibility into to generate your keys.

You can use Toast Wallet's offline functionality to generate a paper wallet. You can also use any number of other offline wallet generators.

If you already have a paper wallet you can also use Toast's offline mode to spend from your paper wallet without compromising its security.

Tutorial here:

 

Edited February 22, 2018 by Guest