Isreal and Palestine war and losing your wallet phrase and password - page 7.

Fiatless

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Quote from: gantez on October 17, 2023, 04:55:18 AM

Have you consider that you lose all your coins because the wallet phrase to your coins and PC burn in a war.

It is advisable not to keep your seed phrase on computers because it can be hacked or accessed by criminals. The best option will be to write your seed phrase in indestructible stainless steel that is water, fire and rust proof and keep them in different locations.

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So what will you do if you survive after the war to start back your financial struggling and your crypto investment journey. Or can you get the coins back?

During conflicts, the most important thing will be your life and that of your loved ones. If you are unhurt after a conflict, then you are lucky because many people lost their lives during these trying times. You are the one who worked hard to acquire these coins, you can still regain them since are alive and well. If you didn't keep your seed phrase in any other location apart from the ones that have been destroyed, you might not be able to recover your funds.

alani123

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You can use software that allows you to create a wallet with a seed phrase of 12 words.
It's not impossible to remember 12 words if they are very important. This way you can keep the wallet in your brain. Also known as a bitcoin brainwallet. No one can steal your thoughts.
In cryptography we trust (& verify).

Orpichukwu

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Situations like this and similar ones are the reason why it's not safe to backup our phrase and entire wallet access in just one place. Even the PC you back up alone is not that safe, even without it getting burned. There are cases where the PC can crash unexpectedly, and those funds will be stock in their forever if you don't discover a way of recovering them.

If you have a wallet that contains more, it's always advisable to share the wallet's access with a different location, even if it's on a different device that you know is secured. If one gets bad, you can also access the wallet through the other one, and you can also save your phrases on paper and move them to a secured location where no one can think of them and only you can have access to them. If not for hacking and all this security bridge kind of thing, moving some part of the phrase in an encrypted message through cloud storage could also be a good option.

Jatiluhung

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Quote from: gantez on October 17, 2023, 04:55:18 AM

Have you consider that you lose all your coins because the wallet phrase to your coins and PC burn in a war.
So what will you do if you survive after the war to start back your financial struggling and your crypto investment journey. Or can you get the coins back?

I didn't even think about getting there. So if that happens then I'm not ready for all that. But it seems like we really have to be prepared for all the possibilities that could happen.
Because with war conflict, the worst things we never imagined could happen. Not only matters related to finances but also matters related to safety. And if we survive and we lose our wealth assets then it's not the end of the world for us. Because we can fight again from the start. But mentally, of course we definitely need to recover for some time.
And losing your wallet can even happen even if it's not because of war. For example, because of a house fire and so on. And when that happens, there's nothing we can do. unless we memorize our wallet seed phrase.

hosseinimr93

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Quote from: gantez on October 17, 2023, 04:55:18 AM

So what will you do if you survive after the war to start back your financial struggling and your crypto investment journey. Or can you get the coins back?

There's nothing you can do. If you have neither the wallet file nor the seed phrase, there is no way to recover the wallet.

It's always recommended to keep multiple copies of your seed phrase in different locations.
For more security, you can consider graving your seed phrase on a stainless steel plate instead of a writing it down on a paper.

gantez

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Have you consider that you lose all your coins because the wallet phrase to your coins and PC burn in a war.
So what will you do if you survive after the war to start back your financial struggling and your crypto investment journey. Or can you get the coins back?

Topic: Isreal and Palestine war and losing your wallet phrase and password - page 7. (Read 913 times)