mrxrp Posted July 17, 2018 Share Posted July 17, 2018 I've been using Rippex desktop client to store my XRP for a while now. I'd like to know what's the single most important thing I should backup and store safely (offline) in case my laptop crashes and I am unable to restore my SSD. I've saved the wallet file and when I go to the settings menu, I've saved the secret key and public key. Is the secret key enough to restore a wallet from scratch.. on a new PC? I have a Ledger Nano S and will be putting some in there as well. Link to comment Share on other sites More sharing options...
jargoman Posted July 17, 2018 Share Posted July 17, 2018 The secret is what is needed to restore a ripple account. The nano uses a Bip39 word list. The nano then uses the word list to derive your key. https://en.bitcoin.it/wiki/Mnemonic_phrase mrxrp 1 Link to comment Share on other sites More sharing options...
Guest Posted July 17, 2018 Share Posted July 17, 2018 JagOman is correct. The one, the only thing, you need to safeguard your Zerps is the secret key. Walkets can be recreated, and your public address flows from the secret key... the secret key is all. So if anyone gets it they own your Zerps. People get confused and think their Zerps are on their nano or in their wallet file or on their phone in Toastwallet or whatever.... but really all those things are just tools that use your secret key to transact on the location in the XRPLedger that the secret key controls. Write down your secret key (modified in some way that only you know and can remember) and keep that safe. You can then destroy everything else and your Zerps are still safe n sound. Only thing then is work out how to make it inheritable if you kark it. Thats the answer... the single only thing you need is the secret key. All else is secondary. Link to comment Share on other sites More sharing options...
mrxrp Posted July 19, 2018 Author Share Posted July 19, 2018 Thanks for the response. For the Rippex desktop software, it's the secret key. And for the Ledger Nano it's the 24 word seed? Link to comment Share on other sites More sharing options...
Guest Posted July 19, 2018 Share Posted July 19, 2018 23 minutes ago, mrxrp said: Thanks for the response. For the Rippex desktop software, it's the secret key. And for the Ledger Nano it's the 24 word seed? Your welcome. Yeah the ledger nano builds the secret key inside its secure chip from the seed. The difference between recording a secret key for posterity and recording a seed is that you need a bit of hardware or software to take the seed and turn it into something useful... the secret key. Whereas the secret key is directly useful. It’s a minor point really. Just don’t loose it and don’t let a camera near it and keep it safe. Also best if the recorded string of words or characters is also modified or encrypted. In other words someone ‘finding’ your key doesn’t have anything useful. But you and your descendants will be able to unmodify it back to useful. Link to comment Share on other sites More sharing options...
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