Self-custodial Bitcoin recovery and inheritance - protect your wealth today, for tomorrow.
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We're excited to announce that the RITREK app is now available on Google Play.
Create, upload, monitor, and initiate Bitcoin Timelock-Recovery plans from your Android device. Your seed phrase remains secure on your hardware wallet.
Here's how to create a Timelock-Recovery plan with the RITREK app:
Step 1: Get the app
play.google.com/store/apps/d…
Step 2: Generate a Bitcoin address on a second, easily accessible wallet.
This is the destination wallet your Bitcoin will move to during a recovery event. For example, if you use a passphrase on your hardware wallet (also known as "the 25th word" of your 24-word seed), your second wallet could be the same hardware wallet but without the passphrase. Another option is a wallet held by a friend or family member.
Step 3: Connect your Trezor or Ledger wallet.
Trezor users should download Trezor Suite Lite first: play.google.com/store/apps/d…
Advanced users with hardware wallets other than Trezor or Ledger can use Electrum's built-in Timelock-Recovery plugin. Cable connection only - the app does not support Bluetooth yet.
Step 4: Sign the two Timelock-Recovery transactions.
Enter the timelock that you wish (default: 90 days) and a reasonable fee rate* - then sign the two timelock-recovery transactions from your main wallet to the second-wallet address. As always, verify the destination address on your hardware wallet screen!
Step 5: Your Recovery-Plan is ready.
Lost access to your main wallet? Swipe the button to initiate the transaction that will move your Bitcoin from your main wallet to the second wallet within the timelock period.
You can also download the pre-signed transactions as a JSON file and send it to friends and family - no one can change the destination or timelock of these transactions.
Your relatives could then initiate the recovery by going to ritrek.com/send
If your data leaks and the pre-signed transactions are broadcast against your will, you'll receive a push notification and have the full timelock period (i.e. 90 days) to move your Bitcoin elsewhere.
Limitations
RITREK is suitable as a recovery solution for wallets that are not used frequently.
Spending any amount of Bitcoin from your main wallet will invalidate the recovery plan (the pre-signed transactions) that was created before - and you will have to start over.
Additionally, new funds received after the recovery plan is created will not be covered by the existing plan.
If you want to keep using the same hardware wallet with the same seed phrase, we recommend using a different account for any new funds you may receive: trezor.io/guides/trezor-suit…
RITREK only works with modern Native SegWit wallets (your addresses should start with "bc1q...").
* Fee rate recommendation: it is hard to predict the fee rate that will be needed far in the future for your Bitcoin transaction to be mined in a reasonable timeframe.
Your transactions can always be accelerated via CPFP techniques or by using accelerator services (mempool.space/accelerator), but this requires some technical skill.
At the moment, fee rates are very low (1-2 sat/vB), but to be safe for the future, we recommend using a higher fee rate of 50 sats/vB, which would amount to ~$4-$40 for typical transactions - a negligible amount in recovery situations.
Try the free plan now with up to 0.05 BTC of recovery-plan coverage!
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Just create a Timelock Recovery plan: pre-signed transactions that move the Bitcoin to a simple wallet after a relative timelock from the initiation.
Keep the multisig. Give your family a simpler recovery path.
TimelockRecovery.com
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George Costanza needed RITREK!
Create a Timelock Recovery (pre-signed transactions with a relative timelock) from your passphrase wallet to the exact same wallet without the passphrase - while you still remember it.
Future you will thank you.
ritrek.gitbook.io/ritrek-doc…
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Are you excited about the recent Bitcoin surge? Do you check the price before you even get out of bed?
I vibe-coded an Android alarm clock that wakes you with happy music if BTC went up overnight, and sad music if it went down.
Set it once, every day, or chosen weekdays. At alarm time it fetches BTC/USD, then plays Number Go Up or Number Go Down on the Android alarm stream. Press Stop and it reads the price.
Play: play.google.com/store/apps/d…
Open source: github.com/ritrek/ritrek-btc…
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If you want to be able to generate a Timelock Recovery plan in @SparrowWallet and later monitor it using the RITREK Android app, give a thumbs-up to:
github.com/sparrowwallet/spa…
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If you're moving your Bitcoin into a complicated setup (e.g. multi-vendor multisig) that you don't have plans to touch for years, @SpecterWallet and @ElectrumWallet let you create pre-signed Timelock Recovery transactions that can move the Bitcoin to a simple single-vendor wallet.
Can't figure out how to operate the multisig wallet you configured 5 years ago? Just broadcast the pre-signed transactions, and within 90 days (configurable) the Bitcoin moves to the simple wallet.
More info: TimelockRecovery.com
Lots of people are changing how they store their bitcoin right now, whether that means switching hardware wallets or moving to a custodian.
Whatever you choose, practice using it. Know how to secure your access, deposit, withdraw, spend, and recover your funds.
The first time you really need to use your setup shouldn’t be during an emergency.
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What will cause more Bitcoiners to lose their savings over the next 10 years: the Coldcard bug itself, or Bitcoiners who - rightfully alarmed by it - are now building overcomplicated setups, without pre-signed transactions that can recover their funds into a simpler wallet?
0%
The Coldcard bug
0%
Overcomplicated footguns
0 votes • Final results
James Howells has spent 13 years searching for a hard drive containing 8,000 Bitcoin, lost in a landfill in Wales.
Imagine losing over $511 million worth of BTC. 🤯
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What will cause more Bitcoiners to lose their savings over the next 10 years: the Coldcard bug itself, or Bitcoiners who - rightfully alarmed by it - are now building overcomplicated setups, without pre-signed transactions that can recover their funds into a simpler wallet?
14%
Coldcard bug
86%
Overcomplicated footguns
7 votes • Final results
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Happens to the best.
If you use a complicated setup, make sure you have pre-signed transactions that could send your Bitcoin to a simple wallet, via BIP-128 TimelockRecovery.com
Tutorials: ritrek.gitbook.io/ritrek-doc…
Imagine doing it with 75 bitcoin because you were going to print out your stupid complex passphrase, but your printer is a POS and wouldn't work, then you said "i'll do it later," then you forgot and months later it was on the computer that you were reformatting for Linux and just as it was finishing... you remembered...
What's your Bitcoin war story?
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Follow the instructions here to pre-sign Timelock-Recovery transactions that can move your Bitcoin from your passphrase wallet to your non-passphrase wallet:
ritrek.gitbook.io/ritrek-doc…
Email the signed transactions to your family. If they got leaked and somebody tries to broadcast them against your will - you have time (default: 90 days) to recall your passphrase and revoke the transfer.
No need for multisig, no need for miniscripts.
For technical information: TimelockRecovery.com #BIP128
in 2019, i locked myself out of a hardware wallet by using a silly long passphrase
I lost 0.3 BTC and seriously considered giving up on bitcoin
i was in my mid 20s, I'd just got out of debt and put my savings into bitcoin
please know that things can and will get better
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Yes.
A simple solution is to pre-sign transactions after transferring your Bitcoin to a multisig/complicated-passphrase setup. These transactions would send the Bitcoin to a simpler wallet and could be backed up, for example, by emailing them to your family.
One option is a single transaction with a future locktime, such as January 1, 2030, along with a reminder to move the Bitcoin to a new address before the deadline and sign a new future-transaction (assuming you still have access).
Another option is a pair of transactions using a relative timelock, such as 90 days, combined with a monitoring service like RITREK.com that alerts you if the transactions are broadcast by accident (Family email hacked? You still have time to move the BTC elsewhere). More information can be found at:
timelockrecovery.com
Some of you are going to get too complicated in your security that you may risk losing your Bitcoin.
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RITREK can't help much if your seed was generated with poor entropy.
But as more Bitcoiners become paranoid and move to complex passphrases and multisig setups, we should remember: far more bitcoin has been lost through overcomplicated setups than has ever been stolen.
With RITREK, you can create pre-signed transactions that can move your bitcoin from a complicated wallet to a simpler one (within a timelock, i.e. 90 days) - for example, from a wallet protected by a complex passphrase known only to you to a wallet protected by a simpler passphrase you've left for your family.
Tutorials:
ritrek.gitbook.io/ritrek-doc…
timelockrecovery.com
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Natural disasters remind us how quickly life can change 💔
If you can, support the people affected by the earthquake in #Venezuela. And while you're at it, make sure your #Bitcoin has a resilient recovery plan - for you and your loved ones.
My wife and I, with the help of some community members, have started a crowdfunding campaign to buy supplies to donate to Venezuela.
We are two Venezuelans living in Spain, and it breaks our hearts to see the tragedy that has unfolded in our country and to feel completely helpless. We wanted to donate, but since we have been living exclusively on Bitcoin for quite some time now, it has been impossible to find an NGO that accepts Bitcoin donations. Because of this, we decided to take matters into our own hands.
All the funds raised will be used to buy the items that are needed right now:
Non-perishable food
Medicine and first-aid supplies
Hygiene products
Flashlights and batteries
Everything we manage to buy will be taken to a collection center, where they will handle delivering it directly to those affected.
Here is the link for anyone who wants to lend a hand:
pagos.dinerosinreglas.com/ap…
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It was a great honor to present at @FreedomTechSum and demonstrate how pre-signed Timelock-Recovery transactions work.
A simple recovery solution that can be explained in 10 minutes.
Sometimes the simplest solutions are the best ones.
Locktime and nSequence on a DIY hardware wallet?
@oren_z0 from @RitrekRecovery showed exactly how Specter DIY handles them properly at the Freedom Tech Summit.
Most hardware wallets tap out here. Specter just keeps going. 💪🧡
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New Tutorial Video #TimelockRecovery #BIP128
@SpecterDIY's latest version now displays something no other hardware wallet (AFAIK) currently shows in Bitcoin transactions: Relative Locktimes.
Locktimes may not matter much for day-to-day spending, but they become important when working with pre-signed transactions intended to be broadcast in the future - for example in a Timelock Recovery plan, where you should verify the cancellation period between the initiation and final transfer of funds.
In this video, we will:
1. Create a Timelock Recovery plan using @SpecterWallet (Specter Desktop - available on @umbrel) together with the @SpecterDIY hardware wallet.
2. Export the pre-signed transactions in #BIP128 JSON format.
3. Import the file into the RITREK Android app for monitoring.
4. Learn how to execute the recovery-plan both with the RITREK app and without it.
5. Lean how to cancel the recovery-plan within the cancellation period, after it was initiated.
If you're hodling BTC for the far future behind a complicated multisig/SLIP39/passphrase setup, and you're worried your future self, or your inheritors, may struggle to recover it safely - this video is for you!
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@SpecterDIY's latest version now displays something no other hardware wallet (AFAIK) currently shows in Bitcoin transactions: Relative Locktimes.
Locktimes may not matter much for day-to-day spending, but they become important when working with pre-signed transactions intended to be broadcast in the future - for example in a Timelock Recovery plan, where you should verify the cancellation period between the initiation and final transfer of funds.
In this video, we will:
1. Create a Timelock Recovery plan using @SpecterWallet (Specter Desktop - available on @umbrel) together with the @SpecterDIY hardware wallet.
2. Export the pre-signed transactions in #BIP128 JSON format.
3. Import the file into the RITREK Android app for monitoring.
4. Learn how to execute the recovery-plan both with the RITREK app and without it.
5. Lean how to cancel the recovery-plan within the cancellation period, after it was initiated.
If you're hodling BTC for the far future behind a complicated multisig/SLIP39/passphrase setup, and you're worried your future self, or your inheritors, may struggle to recover it safely - this video is for you!
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Download the app from here:
play.google.com/store/apps/d…
Free for testing amounts up to 0.05 BTC.
No need to switch to a script-supporting hardware wallet - standard pre-signed transactions can include timelocks, even without miniscript.
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YOU 👏 MIGHT 👏 FORGET 👏 YOUR 👏 PASSPHRASE 👏 OVER 👏 THE 👏 NEXT 👏 20 👏 YEARS!
If you're hodling a significant amount of Bitcoin in a passphrase-protected wallet, don't assume you'll always remember it.
Follow this tutorial to learn how to create a Timelock-Recovery plan, ensuring you always have pre-signed transactions ready to move your Bitcoin from your passphrase-protected wallet to a standard wallet (after a timelock period of your choice): ritrek.gitbook.io/ritrek-doc…
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