Is this really a good idea?
A Xumm Tangem card stores the private key for an XRP Ledger account on the card. This feature makes your XRP Ledger account VERY safe and has many advantages. The primary advantage being that the private key can not be used for transaction signing by anyone. Only the person who has the card can access the account.
This is great, unless you lose the card or if the card is stolen. If this happens, your account and all the funds in it, now can be accessed by the person in possession of the card. There is no way to access your account without the card.
One of the security features on the card is the ability to create a passcode to protect your account. Once enabled, you need to enter the passcode to sign on the card account. This additional protection is particularly effective in case your card is ever lost or stolen. While you would still not be able to access your funds, neither will anyone else unless they know the passcode.
This sounds good, but what happens if I forget the passcode?
Here is the only drawback with enabling the passcode on a card. If you forget the passcode, you will not be able to access your funds. There is no undo or recovery feature. There is no "back door" option to access your account. If you forget the passcode, your funds will remain un-accessible until you remember it.
I understand, if I forget the passcode, it's the same as losing the card. I won't be able to access my account. I am not going to forget my passcode and want to set one up. How do I proceed?
- Launch XUMM and press Settings -> Accounts
- Press the "edit" button side the account you would like to add a passcode on.
- Select "Card enforced security"
- Select "Passcode"
- Press the "Save" button
Notice the warning!
- Press "Yes, I'm Sure"
- Enter your new passcode.
- Sign with card.
We understand that you might have additional questions regarding this procedure so you are welcome to contact us any time via the XUMM Support xApp in XUMM or you can simply scan this QR code with XUMM and be directed there automatically.