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How To Find Lost Bitcoins: The Ultimate Guide
- Losing access to your crypto wallet could mean losing your Bitcoin forever. About 20% of the existing 18.5 million Bitcoins are currently considered lost or irrevocably lost. Bitcoin Wallet is a piece of software installed on your computer that stores your private key and public key. You can find your lost Bitcoin wallet using your computer, hard drive, external drives, USB sticks, CDs/DVDs and others. You should keep your seed phrase safe and secure as it is the only way to recover your money if you lose your wallet or forget your password. Chainalysis has reported that roughly 17.6% of all Bitcoins are considered lost.
- Some popular tools to recover a lost Bitcoin wallet include Recuva, Puran File Recovery, and TestDisk. These tools are used for data recovery and help recover lost wallet files. If you've lost your wallet and can't remember anything, you can still find out if you have any Bitcoins left by using the Blockchain.com service. Some legitimate businesses specialize in crypto asset recovery, but you should exercise caution to avoid scams.
- Lost Bitcoins technically remain part of the total supply but become inaccessible and this is not guaranteed to succeed. Protecting your wallet involves tips such as never giving your user password, private key, and seed phrase to anyone, using a password manager, Two Factor Authentication, and weekly backups.
- To find a lost Bitcoin address, you can check old records, email accounts, or devices where you may have stored the address. If the address was used with a particular wallet, you might be able to recover it through the password recovery process or by accessing old backups.
- The cryptocurrency market is highly volatile, and any investor, trader, or crypto user should research multiple viewpoints before committing to an investment. You should note that the contents of this article are the author’s opinion and should not be considered as offering trading or investing recommendations.
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