Question 1

how do you use this? how do you buy xrp?

Accepted Answer

This is a physical wallet to store crypto. You will download an app to keep track of how much you own, and also send crypto. You still have to use a crypto exchange to buy xrp, then you send it to this wallet. I would only recommend this wallet for holding the top 10-20 traded crypto coins.

Question 2

How is this secure when the phrase is exposed on the card. And how do we know that the key or phrase is not stored by the manufacturer or other party?

Accepted Answer

The BIP38 wallet passphrase is not exposed on the Ballet wallet. It is fully concealed by tamper-evident scratch-off material.

The encrypted private key is not exposed on the Ballet wallet. It is fully concealed by a tamper-evident two-layer sticker.

As a manufacturer of these ready-to-use wallets which require no setup, we assure our users that these encrypted private keys and passphrases are not stored and retained during the manufacturing process. Please see details of our two-factor key generation (2FKG) process to learn about how we ensure the security of Ballet products at https://www.balletcrypto.com/en/2FKG/.

Question 3

What happens if you lose this thing?

Accepted Answer

If you lose the wallet (which physically contains the Encrypted Private Key and Passphrase), you lose access to your coins, so you lose your coins. As per written on the backside of all our cards: Treat this card as cash. DO NOT LOSE IT. So the card is a bearer asset like gold or cash.

Question 4

Shiba Inu??

Accepted Answer

All Ballet REAL Series Cold Storage Cards support the Shiba Inu (SHIB) ERC-20 token. The full list of supported cryptocurrencies and tokens can be found at: https://www.ballet.com/en/coins

Any ERC-20 or BEP-20 tokens not on the list of supported tokens can be manually added to your REAL Series Cold Storage Card using the Ballet Crypto app.

Real XRP Series

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