What if someone forgot the key to their bitcoin wallet ? - page 24.

changcloy

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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 have a short term memory I easily forgot specially numbers that is why I do not trust it so what I do is to save it in my USB and write it in a notebook , I keep these two in a safety place so nobody can touch it if I am not in the house.

HatakeKakashi

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There's a lot of case that they private key lose if the computer lose or format. There's case they ignore bitcoin because the price is very cheap and after few years when the price is very high they did not know how recover because most of them are format their device. So better if you have back incase the private key lose you can open again your account.

adzino

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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 ?

You will lose your coins forever if you lose your private keys. The best way is to write it down or print it on a paper and store it somewhere safe. Don't make it too obvious that its a private key. Also others suggesting to store it in a flash drive isn't actually the best thing to do. Every electronic device wears out as time goes by. So it becomes risky as you flash drive might stop working.

felipe04

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save in telegram because that's really safe you can create your own page

use Yahoo mail too and Twitter then Facebook for more safe

the best is activate 2fa and don't use some phrases for my experience

TGD

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Quote from: AliMan on June 20, 2018, 11:44:50 PM

Quote from: ejswift on June 20, 2018, 10:11:28 AM

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 ?

if you storetourbitcoin in any walletsthat uses privatekey or any password type it in your memo or print it so you cant forget about your key and make sure no one cant access your password so that your bitcoin is safe from scammers

Well sad to say that could be a devastating experience for someone. That's the thing that you will wish not to happen with you. As long as you can avoid it then go for it. But if fate does not go on your favor then you must hope you can re open it. Accessing your account won't be easy but it's worth a shot.

this is some of a case that really disgusting to happen specially for those who are fresh to start here and dont know what to do what could be the best shout for help and report for it immediately you have to be aware for everything most of this case too.

kiemponxs

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if you forget the private key is a big enough loss, because there is no way to get a private key if you forget or lost, so better save it well do not store in one application only, it is safer to save it in some applications like in the phone's memory, write it on the paper and keep it in a safe place, so if one is missing there is still another.

Jaidman

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There is future in cryptocurrency

It depend on how much am having in the wallet key that got missing. But all in all, it's not a good thing to loose private key because it's my property.

biboy

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Quote from: Cotton Candy on June 21, 2018, 12:55:11 AM

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 ?

That is your fault if you have ever lose your wallet private key because there are an indication before you register in that, that you should took care of that and do not forget that. So in my advice erite that down or save it in a computer for safety just put them in multiple platforms both physically and technically. Like in notes for example or send message to your self just to save those keys because that is important

We are responsible in our own action so if we forgot or loss everything that is valuable especially private keys then definitely it would be a big loss for all of us, that is why we must be careful with what we are doing, secure things, make back ups as much as possible.

Cotton Candy

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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 ?

That is your fault if you have ever lose your wallet private key because there are an indication before you register in that, that you should took care of that and do not forget that. So in my advice erite that down or save it in a computer for safety just put them in multiple platforms both physically and technically. Like in notes for example or send message to your self just to save those keys because that is important

addeqt

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Activity: 196

Merit: 30

That is the ultimate and worst-case scenario that could ever happen to a crypto holder. There are several ways to save the private keys, one of them could be just a basic pen and paper, you can also take a picture of the private keys after you have generated it. There are even options that you could directly print it out to your printer. However, if you forgot those key, I have no clue how and who could ever help you with that. I think you could contact the wallet provider, which is if they have known you have forgotten it, they could just smile and think of it as they could claim it.

AliMan

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Quote from: ejswift on June 20, 2018, 10:11:28 AM

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 ?

if you storetourbitcoin in any walletsthat uses privatekey or any password type it in your memo or print it so you cant forget about your key and make sure no one cant access your password so that your bitcoin is safe from scammers

Well sad to say that could be a devastating experience for someone. That's the thing that you will wish not to happen with you. As long as you can avoid it then go for it. But if fate does not go on your favor then you must hope you can re open it. Accessing your account won't be easy but it's worth a shot.

Semokmok

newbie

Activity: 80

Merit: 0

If someone forget the key to their Bitcoin wallet then their money will be of no use because they will not be able to access their wallet.I don't think it is possible to get out of this situation but we can prevent us from getting into such situation.A simple and an easy way for this is to make a copy of your private key and keep it in a secure place.You can write it on a paper,copy it in a notepad file and can save that file in your computer and your pen drive or any other way if you want.Keep in mind that no one should know that where you have kept the copy of your key.Otherwise someone will access your wallet and will misuse your money.

levvv

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Activity: 532

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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 ?

If you forgot the key, you can try with the wallet file and the password.
It is recommended to save all of your wallet information like passwords, keys, file and others in the safe place so you wont lose it in the future

Dudeperfect

hero member

Activity: 1190

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The person will lose his Bitcoins associated with the wallet and there is no other way to recover the funds once you lose your keys. The best way is to maintain multiple backup copies on different geographical locations at a high security so that if you are losing your main keys even in that case you won't lose your funds.

acheampong64

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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 ?

First of all you should know that it needs to be kept at a safe place that can be recoverable in extreme situations. Writing on a piece of paper or in a diary and keeping very very safe and private from others is not a bad option.

Thirdspace

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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 ?

for storing/transacting purposes,
- use HD wallet for easily backing up your funds (with recovery phrase/seed)
- encrypt your wallet to protect it from unauthorized access
- maintain multiple wallets: cold wallet (large amount, long term storage) and hot wallet for daily regular use

for recovering purposes,
- backup your wallet periodically, keep multiple backup version if it's not HD wallet
- write down your wallet's mnemonic recovery phrase in a piece of paper and store it in a safe place
- keep additional multiple copies on several media and different locations securely

JamescrypTrader

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Activity: 140

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If you forget or loss the private key of your bitcoin wallet, there is no possible way to get it back. Thus your bitcoin will not be used. So you should keep it properly anywhere that you can use it. You may print it in a paper of save it in a notepad.

irenegaming

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Well then it is game over. The first thing someone new to the crypto markets is asked to do is backup his wallet and to keep private keys in a safe place where you won't lose it or someone can't get their hands on. Also there is no way anyone in this world could retrieve your coins back if you don't have the wallet keys.

tensports

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if you lost your bitcoin private key then forget your bitcoin there is no alternative way to recover your bitcoin, its better to save your bitcoin key in different places and don't share its to anyone

resty

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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 ?

Move on then. There is no way to find it out, that is why you need to have a soft and hard copy of it. On the other hand it is not alright sometimes to sell your alts for Bitcoins. There are some cases that bitcoin's price dump and it is better to hold it. Maybe it will have more power in the next year.

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