Installing RITREK and creating your first recovery plan

1

Installing RITREK

The RITREK Android app can be installed from:

RITREK - Apps on Google PlayGooglePlay

2

Connecting Trezor

Click the '+' button at the bottom right of the page:

Then select "Connect Trezor":

3

Selecting account

If you aren't familiar with accounts and derivation paths, you're probably using only a single account, and can simply click "Connect Trezor":

You will then be redirected to the Trezor Suite app for confirmation. Make sure at the top of the screen that you have switched to the wallet that you want to create a recovery plan for, i.e.: "Passphrase wallet #1".

4

Filling recovery plan details

Verify that the balance at the top of the page is correct, then fill the details:

1. Recovery Destination: The address of the standard wallet or second wallet where you want the Bitcoin to be sent when the recovery plan is initiated. If you paste the address from the clipboard, double-check it carefully - some malware can replace copied Bitcoin addresses with similar-looking ones.

2. Fee Rate: The default fee rate chosen by the RITREK app is intentionally very high. This is useful if the transaction might be initiated many years from now (e.g., 5–10 years), since we cannot predict what typical Bitcoin fees will be in the future. While it is possible to accelerate transactions later if they are not mined, doing so is a technical process that you probably don’t want to leave to your family, friends, or future self. For testing purposes, there is no need to spend so much on fees, and you can use:

1. Cancellation Window: The number of days between initiating the recovery plan and the time when all funds reach the destination. This value is hard-coded into the recovery plan transactions (specifically in the nSequence field of the second transaction) and cannot be changed later.

5

Signing the transactions

Click “Step 1: Sign Initiate Transaction” to sign the first transaction in the recovery plan. This transaction sends a small amount of 600 sats (which may appear as 0.000006 BTC on the Trezor display). Make sure to verify the destination address and the fee.

Then click “Step 2: Sign Recovery Transaction” to sign the second transaction in the recovery plan. This transaction sends the rest of the funds. Again, make sure to verify the destination address and the fee.

6

Editing labels

Congratulations, your Recovery plan has been uploaded successfully.

Click the Recovery-Plan card, and update the name, description, and destination-label by clicking the pencil (🖊️) icon on the right. Write something you will remember 5-10 years from now.

7

Your recovery plan is ready

Swipe the “Initiate Recovery Plan” button to activate it, and monitor its 5-steps progress:

• Step 1: Initiate transaction has been broadcast

• Step 2: Initiate transaction has been confirmed - timelock started

• Step 3: Timelock finished - recovery transaction has been broadcast

• Step 4: Recovery transaction has been confirmed

• Step 5: Recovery transaction has 6 confirmations (should be seen as fully-confirmed at the destination wallet).

If the Bitcoin in your wallet moves elsewhere, or if the recovery transactions are broadcast externally (for example, from a backup), you will receive a push notification and a message will be added to your inbox (visible in the app's side menu).

Keep in mind that any funds added to this wallet later will not be covered by the existing recovery plan. We recommend accumulating new funds in a new Bitcoin Account, and once enough funds have accumulated, creating a new recovery plan for that account.