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Topic: What happens when a wallet file is stolen? - page 4. (Read 784 times)

legendary
Activity: 3472
Merit: 10611
October 31, 2018, 11:49:19 PM
#12
it depends on
1. whether the wallet file had any passwords or not
if it had no password then the theft is 100%, but if it had password then:
2. how strong was the password
an simple password can be brute forced a lot faster than a complicated long one
3. if the thief had any information about your password to brute force it.
for example knowing how long it is and what it contains. for instance knowing it is 4 English words from a song with 3 symbols makes it easy to brute force.
4. what method of encryption the wallet used.
using certain methods are more secure than others.
full member
Activity: 442
Merit: 101
October 31, 2018, 11:20:55 PM
#11
If you lose your wallet file, I think there is no way to recover it. It is best to keep it more careful. You should store it in your computer or store it on your gmail with google Drive
newbie
Activity: 70
Merit: 0
October 31, 2018, 11:05:30 PM
#10
Will the bitcoin are gone forever or there is a way to recover them?
If your wallet or file get stolen by someone its hard to recover because they change everything in your file. But if you put recover phrase or password you can recover it. The big problem when your wallet was stolen your funds will be gone because they will still everything and it is totally bad.

I understand that the risks of losing a wallet is very high compared to losing physical wallet with you because if you lost physical wallet, you are still able to called up banks to close down your account so thief cannot use the card except for the physical money that have in the wallet. However, wallet file can led in losing everything once it's stolen. So the most important things to do is secure your wallet properly and the right place where no one knows except yourself and to always remember your password.
full member
Activity: 1260
Merit: 100
October 31, 2018, 10:04:44 PM
#9
Will the bitcoin are gone forever or there is a way to recover them?

If there is a wallet file stolen, it will depends on the password strength of the wallet.
For example in eth, if the wallet file password are not complex, it will be easy to brute force it, and get the password.
Maybe it will be the same in bitcoin wallet, if you have the wallet file, you will have chance to recover it.
full member
Activity: 688
Merit: 106
October 31, 2018, 09:07:24 AM
#8
Will the bitcoin are gone forever or there is a way to recover them?
If your wallet or file get stolen by someone its hard to recover because they change everything in your file. But if you put recover phrase or password you can recover it. The big problem when your wallet was stolen your funds will be gone because they will still everything and it is totally bad.
full member
Activity: 1148
Merit: 158
★Bitvest.io★ Play Plinko or Invest!
October 31, 2018, 08:44:08 AM
#7

If your wallet.dat file is stolen, you may still have access to your coins if you already have set a passphrase. If you don't set one, you will lose everything.

That's correct so if you'll create a wallet, make sure that you wrote your seed or passphrase to a paper and make some copies.
Losing bitcoin now is like a suicidal that you can't afford to lose.

Also if you plan to hold it long term, store it in a nano or trezor drive.
sr. member
Activity: 924
Merit: 281
Trooper Founder & CEO
October 31, 2018, 08:36:29 AM
#6
If you have you magic words you should be able to recover this wallet.

maybe with another provider.
jr. member
Activity: 238
Merit: 1
October 31, 2018, 08:23:51 AM
#5
I have not heard of cases when it was possible to somehow restore the wallet file. probably if you lost a file then you can really say goodbye forever to your savings
member
Activity: 336
Merit: 29
October 31, 2018, 08:19:49 AM
#4
Will the bitcoin are gone forever or there is a way to recover them?

If the wallet was already stolen there will be no possibilities to recovered unless it will return it back to you. I hope that there will be additional security for our wallet like in every transaction there will be approval key number to our cellphone before transaction proceed to prevent wallet stollen.

That's right, there will be no way to retrieve it back. I was stolen wallet ETH but no way to change the password so I accept losing it.
full member
Activity: 501
Merit: 147
October 31, 2018, 07:44:19 AM
#3
Will the bitcoin are gone forever or there is a way to recover them?

If the wallet was already stolen there will be no possibilities to recovered unless it will return it back to you. I hope that there will be additional security for our wallet like in every transaction there will be approval key number to our cellphone before transaction proceed to prevent wallet stollen.
sr. member
Activity: 308
Merit: 280
October 31, 2018, 05:56:57 AM
#2
Meta is place where discussion about forum is taken place.
Your question deserves to locate in Bitcoin Technical Support. Check below of this thread and move it.

Thread moved.



If your wallet.dat file is stolen, you may still have access to your coins if you already have set a passphrase. If you don't set one, you will lose everything.
jr. member
Activity: 98
Merit: 2
October 31, 2018, 05:50:39 AM
#1
Will the bitcoin are gone forever or there is a way to recover them?
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