What if someone forgot the key to their bitcoin wallet ? - page 18.

faceoff97

full member

Activity: 644

Merit: 113

Quote from: BTC.Turtle on June 19, 2018, 08:16:52 AM

What are the measures to keep your private key safe and in memory ? Are there any alternatives to retrieve the key back ?

There is no way to recover a wallet once private key is being forgotten. The stored bitcoin will be one of those coin that was burned, coins that are unrecovered are useful for making the price higher, since the supply becomes limited. More forgotten private key means greater potential for higher price.

Ezenwanyi

copper member

Activity: 336

Merit: 1

There's no known recovery measures in place for private jet or password recovery.
It means that one should be extra careful in saving those keys.
Between Dec 2017 and now my friend have lost 2 blockchain wallets out of carelessness.
The funds gone too.

dorofee

newbie

Activity: 30

Merit: 0

Quote from: BTC.Turtle on June 19, 2018, 08:16:52 AM

What are the measures to keep your private key safe and in memory ? Are there any alternatives to retrieve the key back ?

Print it and keep it on a paper safely. It is also advised to keep bitcoins in different wallets if you are have invested in lot of them.

Singbatak

full member

Activity: 434

Merit: 100

There is no other way to retreive your Private Key, So now make it a way to secure your private key.

I'll give you tips to secure your private key.
You print the copy of your private key. For if you accidentally delete it you still have a copy.
Save it to USB and better if Json File is the way you open your wallet if it's MEW. Because hackers can not easily unlock it!

UniQue7

newbie

Activity: 14

Merit: 0

You have to keep the password and login in a safe enough place, like write it on a notepad or something, that is the only way to solve this in my opinion!

vitbozhko1

newbie

Activity: 34

Merit: 0

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Oднa вceгдa cпpятaнa дoмa. Пpи любыx измeнeнияx инфopмaция дyблиpyeтcя. И тaк, ecть кoмпьютep и 2 флэшки. Дyмaю, чтo вмecтe oни нe cгopят.

cpoer2011

full member

Activity: 560

Merit: 108

If you lost your bitcoin wallet private key then you cannot open your bitcoin wallet because it cannot be recovered. You lost your wallet private key then you lost your bitcoin too. Please keep your private key safe.

pdutta

copper member

Activity: 616

Merit: 0

Forgot the key means all tokens stored in your wallet is lost. I think, the best way to safe your private key is to write your key in your personal diary/notebook and make sure keep in secure place.

triciaa478

member

Activity: 350

Merit: 10

I use lastpass to store my private keys,password and sensitive data so I can access them anywhere anytime. But if you don't take measures to recollect your private keys when lost,then your coins are gone forever

ajuelnah akun

newbie

Activity: 140

Merit: 0

it is a nightmare of every purse holder, and if until it happens then the same you lose your wallet and bitcoin you have.
there is no alternative way to recover your wallet. because the only access to your wallet is just a private key.

bilbilon

full member

Activity: 392

Merit: 100

Quote from: Hipag on July 03, 2018, 10:16:43 AM

Bad news for you because you can not get it whatever you have in your wallet, I think the best way that you have to do is make copy or write it and keep in safe place

This is the best way to avoid losing bitcoin and altcoins make sure you have a double or triple copy of each of your key. Because their is no other way to retrieve the key so make sure that you make all your wallet have a duplicate copy.

Yudai

full member

Activity: 212

Merit: 100

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Quote from: damrianto on July 10, 2018, 07:25:58 AM

if someone ever forgets a private key to get into bitcoin it's a huge risk because it could cause the loss of all tokens stored in your personal wallet. because the private key is the only way to get into your bitcoin block each. be careful not to lose you ......

You are definitely right about that. All the stored token may also lost So being careful is a must when taking care of your private key.

sphincter007

newbie

Activity: 10

Merit: 0

Frustrating if this will happen to you.Imagine,way back 2010 if you buy a large numbers of bitcoin and you forgot your bitcoin wallet and you find out that the bitcoin price now is so high?so frustrating and depressing.So i suggest in this kind of investment,always be careful.Its better to write the details and put it on safe place.

damrianto

full member

Activity: 336

Merit: 100

if someone ever forgets a private key to get into bitcoin it's a huge risk because it could cause the loss of all tokens stored in your personal wallet. because the private key is the only way to get into your bitcoin block each. be careful not to lose you ......

soltantgris

hero member

Activity: 741

Merit: 500

It is bad thing you can do. It will be very difficult to recover your wallet. As for me I always write my private key on a piece of paper and put it in a case.

NEERAJ ANAND

member

Activity: 686

Merit: 13

Loosing or forgetting your private key means total loss of your all holdings as there is no way to recover your private key. Always keep a physical copy of your private key at safer place if you don't want to loss your holdings.

geraldbe

newbie

Activity: 12

Merit: 0

There is no way to get it back. And thus it makes sense to write it down on a paper and keep it safely.

Desscount

full member

Activity: 1386

Merit: 101

ComboLabs

Quote from: BTC.Turtle on June 19, 2018, 08:16:52 AM

What are the measures to keep your private key safe and in memory ? Are there any alternatives to retrieve the key back ?

I think if that happens is a disaster for you, still you will not be able to access anything else. so try to create duplicate data to avoid any chance that happens as you say.

samvel86

newbie

Activity: 294

Merit: 0

A very bad situation would be if I forgot a password one day. Everything will lose in a minute. That's why I keep a password handwriting, I have a married picture in the circle, I write on the back and hang on the wall. Safe too.

nahotachikwem

jr. member

Activity: 224

Merit: 1

Forgetting the key to your bitcoin means you loosing your money automatically. I think that for you not to forget it, one can create a file on a notepad and save it. OR to a flash drive. NOTE, your flash drive should not be used in public places or computer. Your private key should be saved offline.

Topic: What if someone forgot the key to their bitcoin wallet ? - page 18. (Read 1939 times)