What if someone lost his Bitcoin wallet?

[SuperCrypto 7193]

12 hours ago, Mayaki said:

Right, when your bitcoin wallet is lost, there's no way of getting it back. 

Your digital wallet is your bank in which you have your currencies and pay attention to these portfolios and attention to its safety is one of the basic things that you must think about from the beginning. Any penetration that may reach these wallets means that the digital currencies go from your account forever.

[James001 2]

Yes, that's why we arrange to deposit a password endorsement in essay or wherever. as a result that if we put out of your mind we know how to memorize again. and the delinquent of bringing up the rear the wallet is that it lingo be returned anymore, for the reason that this wallet is a caring of online and a crumb of a digital nice as a result behind it makes us really lose.

 

[guatazoo 7150]

42 minutes ago, Lasvboy said:

When you lost your wallet one of the only ways retrieving it is through your email. Apart from that then I think it's lost. Cus the security in crypto as to be too notch

For an online wallet you are right but nit with paper and hardware wallets and so if the online walets uses a backup phrase if you lost that, i dont know who can save you.

[Zaino34 0]

 

When we create a wallet with a configuration we must store all the information that we created the wallet with a password and authentication codes so that we do not lose our wallet

By preserving this information, we can reach our portfolio whenever we want

[Sumaiya Ashaa 0]

If a person lost his Bitcoin ,,he could not recover it again ,,he lost this forever ..he could not use this Bitcoin ..howmuch he lost ,he could not use this portion .Again he have to earn bitcoin .

[Luciferludz 1442]

5 hours ago, Zaino34 said:

 

When we create a wallet with a configuration we must store all the information that we created the wallet with a password and authentication codes so that we do not lose our wallet

By preserving this information, we can reach our portfolio whenever we want

To keep all your informations safe its not means that's you cannot lose your wallets, so you want to tell me those who lost their wallet they couldn't keep their details safe?

[Grease Lightning 169]

On 12/22/2019 at 5:54 PM, SuperCrypto said:

A question arises in my mind that if a person lost his Bitcoin wallet, he would not be able to return it again, so how much Bitcoin was lost for this reason, and it cannot be used again. Given that this currency lacks any tangible physical presence, unlike other monetary currencies that are controlled by banking banking institutions, bitcoin is not controlled by specific persons or entities other than its users.
If lost, it can never be recovered, as if it had been burned, right?

What is the cause and how you can get rid of your bitcoin is unclear. So I can't confirm your statement. 

[Prince90 668]

Well bitcoins are virtual money so if you loose them it is almost impposible to recover it. However if you are asking about forgetting your password it can be recovered if you have liked your account with email. 

[SuperCrypto 7193]

Using a concrete wallet is perhaps the safest way to store bitcoin. This wallet works through a USB key that comes with a computer running its own operating system, and is intended to run the bitcoin wallet.

[Muhammad Ayub 0]

As I think when you create a wallet the specific wallet sends or gives you some phrases and a key which is very important you should keep it safe somewhere like on your e-mail or in your personal wallet which you use daily or keep it safe in your mobile if you needed next time use it from there. If you lose it then you will lose your earned BTC. It is important to be secure from your end.

[Sumayya 493]

11 hours ago, Aruhi Saha Tumpa said:

Bitcoin was lost for this reason, and it cannot be used again. Given that this currency lacks any tangible physical presence.You should remember your password or other access of your bitcoin wallet.The sites you are talking about are just guessing regular passwords .You have been backup phrase or private key then u got ur bitcoin wallet.

Yes if it is lost it can not be given back again, it will be lost forever and can not be retrieved

[Heroshema 0]

On 2/9/2020 at 9:42 AM, Emon khan528 said:

If he store his wallet secure key then he can restore his wallet. But if he don't store his wallet key they he must lost his wallet for permanent. So we need to be aware about this.

Restore you wallet is one of the most default thing in crypto .. so if you lost it just make a new one one and don't think about your lose

[Sabba092 115]

On 12/22/2019 at 3:54 PM, SuperCrypto said:

A question arises in my mind that if a person lost his Bitcoin wallet, he would not be able to return it again, so how much Bitcoin was lost for this reason, and it cannot be used again. Given that this currency lacks any tangible physical presence, unlike other monetary currencies that are controlled by banking banking institutions, bitcoin is not controlled by specific persons or entities other than its users.
If lost, it can never be recovered, as if it had been burned, right?

Than you will also loose your coins. But you have to save your basic informations. So that it will be a good money for you.

[Migo 7946]

On 12/22/2019 at 4:28 PM, melikf78 said:

if you delete your wallet app you can access again with using your 12 phrases and private key but if you lost your private key you will lose your btc. keep your 12 pharses and private key safe

It is not about deleting the wallet app, I think he is talking about if someone losses his coins because of hacking for example, then he will not recover them of course, and I know that if we lost the private key then we can't get our money back, there is no chance here

[alexisfuentes 2130]

This does not work as a bank that can go show your information and recover your funds.
                   
This wallet system provides you with a private and a public key, the private key is the key to your funds if you lose it you lose your funds it is that simple.

what to do? something simple keep in a safe place your private key or simplemnet memorize it.

[SuperCrypto 7193]

Many new investors are buying cryptocurrencies from exchanges similar to "Queen Bays" or "BitFlayer", and leave their holdings in the incubator portfolios of these exchanges. However, as with any other entity connected to the Internet, stock exchanges are vulnerable to piracy.

[Mukty112 68]

If someone lost her bitcoin wallet then he will never get it back if he forger his password also. So you should always remember your password if you want then you can note it down to some othee Place Where it will be save.       

[guatazoo 7150]

2 hours ago, simolife11 said:

What is difficult to lose the wallet access numbers or a wallet application that you will be able to retrieve, but if you lose your private key then everything is lost

If you are not ready for managing your own prvat keys, better sick with online wallets like blockchain.com wallet.

Edited February 15, 2020 by guatazoo

[SuperCrypto 7193]

A common mistake is to keep the save keys in email, Google Drive, Dropbox or any notes app in your smartphone. These are the first places that hackers usually try to enter.

[Hanan951 841]

On 12/22/2019 at 12:54 PM, SuperCrypto said:

A question arises in my mind that if a person lost his Bitcoin wallet, he would not be able to return it again, so how much Bitcoin was lost for this reason, and it cannot be used again. Given that this currency lacks any tangible physical presence, unlike other monetary currencies that are controlled by banking banking institutions, bitcoin is not controlled by specific persons or entities other than its users.
If lost, it can never be recovered, as if it had been burned, right?

If you lost your wallet key then it will gone to eternity. A lot of people forget the keys and they had 1000 btc or more in their wallet. Good luck

[Dimi_00 133]

There are the hardware wallets like trezor, trust wallet, keepsake etc. They store coins offline. They come with a 12-word pass phrase that must be written down and kept in a safe place.

 

There's also the online wallets e.g block chain.info, coinbase.com etc. You access your coins with your password.

 

If you misplace your hardware wallet, buy another one and type in the 12-word passphrase of the misplaced wallet.

 

The new wallet will bring out your coins but if you no longer have the pass phrase, say bye bye to your coins.

[Ali_hmwi 966]

He may lose his mind. you know that there is no way to restore your keys if you forget them. that why usb drive is a good choice for them not juat internet..

[MuhammadSh 3067]

he can restore his account from its keys.. so that everyone have to save these keys in a safe place and more than one place! i prefer using a flash disk and a paper!

[Tehniyat 8]

Except getting hacked, wallet can be recovered through access to the account or email linked to the wallet. So getting lose of wallet will not make me panic until it is hacked. 

[Merytis 21]

It know how to by no means improved if not the abuser or selected introduce somebody to an area locate the reserved scale of that misplaced wallet and moreover the coin will postponement and constantly prepare reverse up your figures together with bitcoin privileged input and other crypto wallet online and offline, keep and hide it on safe place.