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!