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RE: How to change your BitShares keys for local wallet and cloud login

in #bitshares3 years ago
  1. My active and memo keys are the same but owner is different..is that ok?
  2. in my main acct I am an LTM..if I choose the easy way to create a new acct what happens then? Plus all the folks I referred does my credit go away opening a new acct???
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Same here, can someone answer?

  1. Yes, in the default setting the UI creates your account with the same key for active and memo. I would not recomment this setup and have three distinct keys for active owner and memo. But please be aware that changing the memo key means that you wont be able to read any old transfer memos, only the ones you receive or send after the key switch

  2. If you create a new account and transfer funds you are giving up the old compromised account. That means that the referral rewards still go to the compromised account and there is no way to switch that, also the LTM is not tranferrable. I would recommend changing the acive and owner key if you logged into OpenLedger in the last 48 hours.

ok thanks for the clarity. I have not been in Openledger for a week. I cannot believe the default was setup this way and why it was in the first place.

I prefer to back up to brainkey only. Is there a way for me to change my active key without a bin file backup? I have created a new account (local wallet) in the bitshares client, but when I get to step 3.2 above, and click save, it asks me to log in with my password and a bin file back up.

The only other option is for it to create a bin file back up as I save, but I do not want to do that.

Any other option for me?

It would be easier to just change the memo key, but that does not appear to be an option either...

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