When Seeds Fail,
RITREK Recovers.
The hidden cracks in Bitcoin self-custody
When Control Breaks
Single Point of Failure
Your seed phrase is your only key. It's your entire identity and access, with no traditional backup. If it's lost or destroyed, your access is gone forever.
The Storage Dilemma
Finding a truly safe place to store your seed phrase is nearly impossible. Paper can burn, physical devices can fail, and storing it on a cloud service exposes you to hacks.
Every Backup is a Vulnerability
Creating copies of your seed phrase introduces new vulnerabilities and forces a difficult choice between the risk of loss and theft.
BITCOIN IS LOST FOREVER
~20%
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Estimated share of total supply based on long-dormant wallets and permanently lost keys.
Lost keys ≠ lost Bitcoin
RITREK provides the ultimate private safety net for self-custody owners.
Our Solution
Recovery in 3 Simple Steps
Step 1
Choose Recovery Wallet
Select an address from a secondary wallet or a custodian that will be available in case of disaster.
Step 2
Sign & Store Securely
Privately pre-sign your recovery transactions from your main wallet, and choose a cancellation period (i.e. 90 days). The transactions are backed up in the cloud, your seed phrase never leaves your hardware wallet.
Step 3
Recover in a Click
When needed, trigger the recovery. Your transactions will be broadcast and your Bitcoin will be accessible in your secondary wallet after the cancellation-period has completed.
Take Control Today for Tomorrow
You keep 100% self-custody.
RITREK is a non-multisig solution, meaning you and only you are in control of your Bitcoin.
Your keys are never exposed.
The entire process guarantees your private keys and seed phrase are never shared.
Your recovery plan is reversible.
You have the freedom to update or revoke your recovery plan.
The backup is safe to store.
Signed backup transactions are immutable, secure, and guaranteed not to be altered.
Use Your Own Wallet
The app has direct support for Ledger and Trezor hardware wallets,
and also supports uploading pre-signed Timelock Recovery plans in a JSON format following BIP-128.
Integrated with Electrum Wallet via the Timelock Recovery plugin
Don’t Wait
Until It’s Too Late
Protect your Bitcoin now, before it’s gone forever.
Frequently Asked
Questions
What is RITREK for?
RITREK protects your Bitcoin. We provide a secure safety net for your Bitcoin. You remain in full self-custody, and if access to your wallet is ever lost - for any reason - your coins can be securely transferred to the secondary wallet or custodian of your choice.
How does the recovery process work?
Four steps:
- Planning: choose a secondary wallet or custodian and create a long-term receive address. If you choose a custodian, make sure the address is under your name forever.
- Preparation: using your own wallet and keys, you create pre-signed transactions that send your coins to this long-term address. These signed transactions will be kept – but not broadcasted to the Bitcoin network.
- Setup: your signed transactions are securely stored with RITREK, and you may also keep a copy yourself if you wish. Storing it online is completely safe – even if the file is exposed, an attacher cannot change the destination address of the signed transactions, nor they can alter the safety cancellation period.
- Execution: if disaster strikes and access to your wallet is lost, you or any designated contacts can broadcast the transactions with just a click. A 90-day (customizable) safety period begins, after which the funds are transferred to your secondary wallet or custodian.
- Cancellation: even if the first transaction is broadcast by mistake, your funds will remain in the main wallet for the next 90 days (customizable). If you have access to the main wallet, move the funds to a new address on the same wallet - and the recovery process will stop.
What if the recovery process gets triggered against my will?
RITREK provides robust monitoring. If the process is triggered, you will be notified with a push notification and email (optional).
You can easily cancel within the 90-day (customizable) safety window, by sending funds from your main wallet to a new address (on the same wallet, or a different one).
An attacker cannot change the destination address of the signed transactions, nor they can alter the safety window.
What kind of information will I be asked to share?
RITREK is built for privacy and self-sovereignty. The only information you may provide is email for yourself - in addition to the push-notifications. You will never be asked to share private keys, passwords, or login credentials.
What if I change my mind or circumstances?
As long as you still control your wallet, everything can be changed or cancelled at any time.
Just send the funds from your wallet to a new address (on the same wallet, or a different one) - and the pre-signed recovery plan will be revoked and could not initiate anymore.
Then, you can create a new recovery plan.
Why do I need RITREK if I'm very careful with my seed phrase?
RITREK is your safety net for the unexpected. Even the most careful individuals can face accidents, emergencies, or simple mistakes.
Seed phrases must never be stored online, but immutable pre-signed transactions with proper timelocks are safe to store in the cloud.
With RITREK, losing your seed phrase does not mean losing your Bitcoin.
Is RITREK compatible with my hardware wallet?
RITREK apps works seamlessly with Trezor and Ledger hardware wallets.
For other wallets, you can upload a JSON file of pre-signed Timelock Recovery plans, using Electrum Wallet, which supports many other hardware wallets.
We are working on expanding direct support to additional wallets to make setup even easier.
Is RITREK only for Bitcoin?
Yes. RITREK focuses exclusively on Bitcoin to maximize security and reliability.
How is RITREK different from multisig solutions or others?
Multisig solutions require you to move the Bitcoin to a new multisig wallet (not supported by some hardware wallets),
in which a remote service manages one of the keys. Those services have expensive costs protecting their key, and may not collaborate
with you when you need it - unlike pre-signed transactions which you can keep and broadcast yourself at any time.
Other timelock solutions require you to actively move the funds on your wallet once in a while, to prevent the safety mechanisms from being able to move the funds immediately.
Those solutions may be useful for some users, but not for users who hide their seeds and passphrases in complicated ways, and do not intend to touch them for many years.
Saying that - if you do intend to touch your wallet frequently, you will revoke the pre-signed transactions each time, and will have to sign a new recovery-plan.
Furthermore, new funds that the wallet receives will not be protected by the already-signed recovery-plan.
In this case, we recommend accumulating funds in a separate wallet/account/passphrase, and create a recovery-plan only when the amount becomes significant.
