Don't Let Your Bitcoin Be Lost Forever

[Nomad]

I am using a secured web based wallet (also available as a mobile wallet) and my bitcoins are secured. However, I once did lose some bitcoins because I fogot seed phrase.

 

[Heatman]

If you're ever using a wallet that is not secured, there is no way your bitcoin or your cryptocurrency will not be lost in the future so it is best that you use binance or coinbase wallet to secure your cryptocurrency.

 

[GIFTMICHAEL]

That is occurring based on the numerous number of lost coins that might have occurred mostly when people incorrectly entered a wrong address.

 

[ahmedo24]

If you're ever using a wallet that is not secured, there is no way your bitcoin or your cryptocurrency will not be lost in the future so it is best that you use binance or coinbase wallet to secure your cryptocurrency.

Blockchain added to wallets or exchange platforms you mentioned because this wallet is very secure without any hacking history likewise trust wallet.

 

[Kelly5]

To some people, family means nothing to them. But if that is the case, don't you have friends or at least someone in your life you can trust even a little so that that person can have access to your wallet when you're no more?

 

[Senator]

Giving access to your Bitcoin wallet key to someone is very important. But that does not mean you should give it out right away. You handle it in the same manner you will handle your bank accounts transmission to someone like a will.

 

[GIFTMICHAEL]

Its preferable for our love ones to have access to our wallet, where Bitcoin and other coins are stored. That's why you have family, your wife or children should know some of your secrete keys to access your treasury when their is emergency.

 

[Shigobad2020]

Statistics has revealed that more than $4 million worth of Bitcoin has been lost so far.
It was also reveal that the two possible ways that could have lead to the Lost of these coins are ; those who lost their private keys and those who died without giving out their private keys. Those who died without giving out their private key constitute more to the number of lost Bitcoin.

Having said this , it is then ideal that we share our private key with our loved and trusted ones , so that of anything happens to us , our bitcoins won't be lost forever.

What do you think about this ? , Isn't it better that our loved ones uses our bitcoins than allowing it to be lost when we die

It's better to use a password that you will always remember when dealing with complicated sites and mails, I have also lost some valuable items online due to forgotten password, but since then I am always using a unique password and i also have a personal book where I write complicated thing for future references.

 

[Richard92]

As an investor who don't want his cryptocurrency to get lost in the criticality market the best thing he has to do is to sell it at an affordable price with this he is going to make him come and not loss.

 

[Heatman]

Well only a fool will be so useless and foolish to allow his cryptocurrency even bitcoin which is the most expensive cryptocurrency to get lost because of his foolishness with securing his wallet password and everything.

 

[greenie]

Of course, we need to secure out bitcoin and ensure it's safety at always. We also need to have a next of kin that could use our wallet when ever someone dies. This will help prevent losing the key and coin forever.

 

[HayKay]

The need to secure your cryptocurrency wallet cannot be more emphasised. I think the best thing would be to then give out the keys to someone we trust in case of any eventuality as you proposed.
Though not backing up keywords and phrases account for majority of those lose bitcoin.