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Advice needed with XRP on Ledger Nano


mrxrp

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I have some XRP on my Ledger Nano S and I initialized the device a year back, wrote down the 24 word seed phrase and saved it securely. A month ago, I added some XRP to the wallet and it works fine with receiving and sending. My question is, in the case where I lose the device, how can I get access to my XRP stored in there? If I start with a fresh Nano and enter the 24 word seed, will the accounts (BTC, XRP etc) be loaded into it? Is the seed all that is required to restore XRP on a LN? No address and secret?

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16 minutes ago, mrxrp said:

I have some XRP on my Ledger Nano S and I initialized the device a year back, wrote down the 24 word seed phrase and saved it securely. A month ago, I added some XRP to the wallet and it works fine with receiving and sending. My question is, in the case where I lose the device, how can I get access to my XRP stored in there? If I start with a fresh Nano and enter the 24 word seed, will the accounts (BTC, XRP etc) be loaded into it? Is the seed all that is required to restore XRP on a LN? No address and secret?

exactly

 

https://support.ledgerwallet.com/hc/en-us/articles/360005434914-Restore-a-configuration

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On 8/2/2018 at 4:32 PM, MemberBerry said:

If you want to be 100% sure, send your funds out to your exchange or another cold adress then enter your pin wrong 3 times and then try to unlock it again with your seed and send your funds back 

Yes, need to try this once to make sure everything is in order...

So if my understanding is correct, the 24 word seed, when properly entered during initialization, will regenerate all the accounts (and associated private keys) that I hold on that device.. be it XRP or BTC or any other coin?

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Also to add, you don't need those apps on the Nano itself. The Nano is just used to sort of generate the transaction(s). If you have the 24 words, and an (empty) Nano, that's all you need.

Maybe a bit off topic (sorry), but using an empty Nano may even be some way to secure your funds. Either just keep it empty, or put a small amount of some other coin(s) on it, with its app(s). So if someone gets access to your Nano, he/she may find a few coins on it. Since there's no XRP app installed, maybe that person won't get the idea to check if you also own some XRP... When the time comes you need to access your stack, just install the XRP app.

This also means your 24 words are as important as your Nano including the PIN code. So store those 24 words at least as safe as the Nano itself. Keep in mind events like theft, but also fire... If both the Nano and the words are destroyed by the same event, well... you can guess.

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the purpose of the 24-word seed is to override everything else. if there was something to restore the 24-word seed, youd be told to do whatever step that would be.

as long as you wrote the 24 words down correctly youre fine. you dont even need the nano to restore. any BIP39/BIP44 compatible hardware will work which is great because in a few years the Nano S is going to look like this to us...

1.png.7aeb9531afeca48d9e77134fe45ec006.png

 

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  • 2 weeks later...

I hope this is in the right forum, but I have a question or two. I still hold most of my xrp in the original ripple desktop wallet that I heard is no longer supported.  They  seem to be safe there or am I missing something?  I keep buying more  so Im thinking of moving the majority over to a  ledger nano s that I have had in the box for a while now that I have not touched.  I have xrp spread across the ripple desktop wallet,  Abra, uphold, and a few major exchanges. 

If I want to move the majority of them over to the ledger nano should I send them over to the ripple desktop wallet first  where I hold the majority then to the nano?

any advice helps! 

Thanks

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