Pages:
Author

Topic: Without key can we assess coins on wallet - page 2. (Read 226 times)

legendary
Activity: 3584
Merit: 5243
https://merel.mobi => buy facemasks with BTC/LTC
No, if you lose your private key (or your "encoded" private key in any other form, like a seed phrase, an sss scheme, a QR code, a brain wallet passphrase, ...) your can no longer access your funds. There are no ways around this. You need your private key to sign the transaction(s) spending your funds.

You look at it from the perspective of somebody losing their key (which sucks), but you can also look at it from the security perspective: bitcoin would not be secure if somebody was able to retrieve keys "out of thin air".

There are exceptions, but nothing you (as a normal user) should worry about... Since i don't think you'll be using anything but a standard wallet (which is fine btw).
member
Activity: 868
Merit: 38
Join hands and help me to grow everybody...
I notice that without a private key a coin that is been gotten like two years can't be retrieve, so in this effect does it mean that their is no any other ways or means someone can bypass private keys and penetrate into he or her coin without applying private key? Because at some extent it can be very easy to lost a wallet key that contain big account of cryptocurrency base on the coin using, so what is the remedy if we lost private key? And how can we retrieve a private key if been misplace, is it possible to retrieve it?

Please am here to learn what I don't know.
Pages:
Jump to: