Topic: What if someone forgot the key to their bitcoin wallet ? (Read 1937 times)
be sure to back up the key so that if it is lost then you could restore access to the wallet. a lot of people lost their bitcoins because of this
The best way for anyone for them not to forgot or lost their private key is to write it, print it, or encode it on any platform which is somehow permanent or not easily vanish like your memory. It is like a lecture in a seminar. Even though you already know the topic and you have many knowledge about our it, it is very possible for someone to forgot it, how much more to your private key.
What are the measures to keep your private key safe and in memory ? Are there any alternatives to retrieve the key back ?
It depends on which kind of wallet are you using. Most online wallet allow you to recover your keys if you are still able to access your account, and paper wallet is more secure so it doesn't allow. If someone forgot the key to their bitcoin wallet, he will forever lose access to his Bitcoins. This happens not infrequently.
Yeah, this does not happen regularly but once happened to a person he will never get back his earnings again. So we really need to secure our private keys and make more back ups.
If someone forgot the key to their bitcoin wallet, he will forever lose access to his Bitcoins. This happens not infrequently.
If someone forgot the key to their bitcoin wallet it would make the wallet useless because private key is the only way to access the wallet address so if it is will lost, you can't access it that's why it is very important to secure your bitcoin wallet because if you mistaken it wouldn't be back anymore.
putting in somewhere that you know is best , memory is isnt good way , or better you just safe your whitpaper at bank or someone you trust but didnt know btc xD
The whole security of the bitcoin system is to not be able to derive the private key from the public key. If so, it would make the whole system useless. Unless you have a seed meant to be noted down, or the private key in a file (e.g. "wallet.dat"), there is basically no access to your funds.
What are the measures to keep your private key safe and in memory ? Are there any alternatives to retrieve the key back ?
for now I keep my keys in several different places. I did it to backup, even I also saved it in an email draft.
If you will lose your private key - you will lose everything you have on your wallet! I prefer to save my private keys in different places, so I can restore my wallet anyway.
What are the measures to keep your private key safe and in memory ? Are there any alternatives to retrieve the key back ?
I will save on the flash disk or I will write on my book and save it. If you lose the private key, your balance at the wallet will be lost too. No one can return your private key other than yourself, if you eliminate the private key, your funds will automatically disappear because you cannot access it.
What are the measures to keep your private key safe and in memory ? Are there any alternatives to retrieve the key back ?
for now I keep my keys in several different places. I did it to backup, even I also saved it in an email draft.
If they forget the key they have got it will make a loss and there is nothing you can do for me.
If some one forget his wallet private he can’t do anything besides create a new one. Because private key is one the wallet security, the function same like password. After you create a wallet make sure to put in a safe place, and if possible make an encrpyted password to make it more secure.
If someone lose or forgot the key to their bitcoin wallet then they can't access their wallet forever that's why you should store it on a safe place, bitcoin and crypto let you have the full control of your own money but that has downside aswell if you lose the access then nobody can help you to regain the access to your wallet. There's a lot of people that are new to crypto and don't know about this and they have to learn it in a harsh way.
Indeed, many people are afraid and worried about maintaining their private key, and I can advise us to use 2FA to improve security in our private key.
Try to don't lose your private key, because for now there is no method to recover it.
Always need making backup of private keys on some offline hard drive
Always need making backup of private keys on some offline hard drive
First of all we should immediately write the key of our wallet so that we can easily get that and if we lost it i think we lost all that kept in that wallet.
i would kill myself if i will forget it.. all of us should backup of dat.file if you lost it you cant use your coins anymore. you should keep that key on a safety storage you have. me i have backup of that in my hard disk and to my cloud drive, so i can use it anytime.
What are the measures to keep your private key safe and in memory ? Are there any alternatives to retrieve the key back ?
You know what our private key is our only access to our wallet... We need to keep it safe and secure.. That's why it is our responsibility to keep it in a right place.. I usually Put my private and public key to a piece of paper and i keep it well.. So it is impossible for me to
Forget it.. It is our responsible and duty to keep it always in right place...
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