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Title: Can stolen XRP be recovered? Post by: bitcoinrocks on May 19, 2015, 09:32:34 PM I'm trying to decide whether to store my XRP in Poloniex or RippleTrade. I would rather keep it in Poloniex but I can imagine it's completely safe in RippleTrade since it's run by Ripple Labs. I'm not clear on how XRP works but I know it's centralized to some degree. Does that mean I'd be able to recover my XRP if it were stolen from Poloniex?
Title: Re: Can stolen XRP be recovered? Post by: tokeweed on May 20, 2015, 12:27:54 AM Keep them in Ripple Trade and keep your secret key in a safe place. Ripple Labs cannot have access or control your wallet.
Title: Re: Can stolen XRP be recovered? Post by: bitcoinrocks on May 20, 2015, 12:33:50 AM Can I recover my username with my secret key so that I only need to backup my secret key?
Title: Re: Can stolen XRP be recovered? Post by: thebenjamincode on May 20, 2015, 12:35:26 AM I'm trying to decide whether to store my XRP in Poloniex or RippleTrade. I would rather keep it in Poloniex but I can imagine it's completely safe in RippleTrade since it's run by Ripple Labs. I'm not clear on how XRP works but I know it's centralized to some degree. Does that mean I'd be able to recover my XRP if it were stolen from Poloniex? if i were you i would keep it on rippletrade if you want more security because you won't know when will an exchange will be hacked Title: Re: Can stolen XRP be recovered? Post by: tokeweed on May 20, 2015, 12:41:15 AM Can I recover my username with my secret key so that I only need to backup my secret key? You recover your wallet with your secret key, yes. Think of it as your back up. Title: Re: Can stolen XRP be recovered? Post by: bitcoinrocks on May 20, 2015, 12:44:20 AM Can I recover my username with my secret key so that I only need to backup my secret key? You recover your wallet with your secret key, yes. Think of it as your back up. I just tried that but it seemed to require my username as well. Are you sure the username isn't required in order to recover? Title: Re: Can stolen XRP be recovered? Post by: tokeweed on May 20, 2015, 12:50:15 AM Can I recover my username with my secret key so that I only need to backup my secret key? You recover your wallet with your secret key, yes. Think of it as your back up. I just tried that but it seemed to require my username as well. Are you sure the username isn't required in order to recover? I don't think you'll be able to get your old username back. You have to make a new one, if I remember correctly... |