Crypto Wallet Recovery Services

Cryptocurrency is developing rapidly. More and more people are paying attention to a modern and independent way of financial transactions. Since the exchange of cryptocurrencies and payments are decentralized (without the participation of state systems and banks), and finances do not have a physical expression, a crypto wallet is required to fix them.

A crypto wallet is a special program that stores public and private keys, a code from a certain sequence of characters. The public key is actually the address of the wallet in the system, the private key is the password required to make payments and transactions using cryptocurrency.

An important issue: cryptocurrency by itself is not stored in crypto wallets. They store a secret key, which is used to access the blockchain. Therefore, it is important to save the password from the selected crypto wallet, as well as physical access to a file drive (for example, a computer hard drive). Next, we will tell you what to do if the password is forgotten or lost.

The first thing you need to know is the division of crypto wallets into hot (software) and cold (hardware).

While the former require access to the Internet, the latter operate offline. Hardware wallets are like a USB stick. They can have a built-in fingerprint scanner, Bluetooth communication, and additional protection in the form of a passphrase. The principle of operation is as follows: insert a hardware crypto wallet into a USB port and carry out cryptocurrency transactions. Devices of brands Keepkey, Ledger, and Trezor are considered reliable.

Cold wallet features:

• inaccessibility to Web hackers and intruders
• you can easily lose the physical key (it will be impossible to restore it)
• unprotected against pickpocketing

Software crypto wallets are software at its core: a computer program or application. It can be installed on any device (smartphone, laptop, tablet); at once on several with a possibility of synchronization. Among the leaders and trusted programs are Electrum, Blockchain, Jaxx, Bitcoin Wallet.

Hot wallet pros:

• easy use (few clicks)
• great for relatively small amounts
• fast payments, balance check

You can restore access only to software crypto wallets. In order to prevent unpleasant situations, carefully monitor the device on which the wallet is installed and periodically make backups with synchronization in the cloud service, and be sure to remember the Seed phase.

If you are unable to access your crypto wallet:

• Calm down and don’t panic
• Try to remember your password and Seed phrase
• If it doesn’t come out, ask us for professional help

There are several main ways. One of them is the social recovery function, when a third-party person is attached to the account as a conditional guardian. In case of loss of the password or death of the owner of the bitcoin wallet, access is restored through such a guardian.

Recovery will help to occur using the private key and the desktop application console. The program is re-installed on the same device, and the data in certain files is reset.

In some cases, recovering a forgotten password using a manual or automated method, or restoring it from a crypto wallet backup (if you copied the wallet.dat file in a special way in a timely manner) can help. 

The main method is to use a secret and encrypted Seed phrase. A Seed key is a sequence of at least 12 words in English. In fact, this is a meaningless collection of random words. At the same time, this is the fastest way to restore access to your crypto wallet.