You can create the following account types:
- Multi-ledger accounts: Accounts associated with more than one ledger. Multi-ledger accounts provide a way to centralize your blockchain transactions. This is the default account type.
- Single-ledger accounts: An account associated with one ledger.
New account creation can result in the allocation of a specific reserved amount on the account, depending on the ledger. For example, XRPL account creation creates a reserved amount of 2 XRP. This amount is released when the account is deleted.
For more information on the reserve amount, see Check account balances.
Before you can create your account, you need the details of the vault in which to store the account, including the supported key derivations, as described in View vault details.
For more information about key derivations, see the following sections:
To create a new Ripple Custody account:
- Navigate to Accounts.
- Select Create an account.
- Enter the account name and description.
- Select the vault.
- In Advanced settings, select the key derivation strategy.
By default, this is limited to hard key derivation. To enable soft or random key derivation, contact your Ripple laison. For more information, see Key derivation. - In Custom properties, specify custom information about the account, for example, details of a third-party or internal system to which to link the account.
- Associate the account with one or all available ledgers:
- If this is a single-ledger account, select Single ledger and select the ledger from the list.
- If this is a multi-ledger account, select Multi ledgers. Ripple Custody associates all compatible ledgers with the account.
- Select Submit for Approval and sign the operation with the app.
The new account is created when the intent is successfully executed.