Rift Keystone Fragments, usually called 'Rift Keys," are materials required to open Nephalem Rifts. Five of these are consumed each time your character opens a Rift, and they are automatically subtracted from the stack in your Inventory, or else taken from a stack in your stash. These materials are Account Bound, and can not be traded, sold, or given to other players.
New Rift Keys are obtained 1 each for completing bounties, and there are usually 2 of them inside each Horadric Cache. This gives players 7 Rift Keys for completing all five bounties in an act.
Only the player who opens the Rift spends 5 keys, so 4 players who do an act worth of Bounties in a party can accumulate enough keys to open 4 Rifts, if they take turns doing so. Most players run Rifts in parties for faster killing speed and also to share the Rift Key costs.
Rift Keystone Fragments from Goodie Bags.
Tooltip notification of 5 Rift Keys.
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