Did you know that over 10 billion dollars (as value) have been lost since Blockchain technology came into the market, learn more? A majority of these losses are because people have lost their Cryptocurrency passwords for their wallets Seed phrases, private keys.
The main question is:
can you recover your lost cryptocurrencies?
If you’ve lost or misplaced your wallet’s crypto-based credentials, it will be extremely difficult to recover your digital assets or cryptocurrency. To be honest there are only a few possibilities or nil.
There are two common ways that individuals can employ to recover lost cryptocurrency. The two methods are:
Data recovery from hard drives (if you have an Hardware Crypto Wallet).
Employ Cryptohunters and Cryptocurrency Recovery Services
Data Recovery using Hard Drives
In this case, if you were using a hardware-based Crypto wallet for your personal computer or smart devices, then using this method could give you the desired result. Early crypto users used their computers to create cryptocurrency. They had no idea that the price of cryptocurrency will skyrocket in the future.
This could have caused people to format their computer and then lost their user credentials for their cryptocurrency wallets. Millions of dollars of cryptos have been lost. The majority of these are Bitcoins.
They are able to retrieve lost data through a variety of technologies and processes. This isn’t a promise that you’ll recover your digital data.
The same principle can be used with other hardware-based Crypto Wallets for example, Cobo Vault Pro, Cool Wallet, Cold Wallet, Ledger, Safepal, and the list goes on. The data can be recovered from smartphones. But, again there is no assurance.
Data Recovery Software can be employed to retrieve deleted files. Also, many expert organizations offer advanced technologies to recover your deleted data. However, this process can be quite costly. But, it’s well worth it since you could take a small portion of your cryptocurrency back.
Employ Cryptohunters as well as Cryptocurrency Recovery Services
In recent times, many crypto-hunting companies offering their services of recovering cryptocurrency to the people that had lost their digital assets. This type of service is available when you’ve lost your password or private keys or when someone else has stolen them.
Professional crypto-hunters use their processing capabilities to force the original combination for your lost crypto wallets. They will require some of the lost seed phrases or passwords. The more information you can provide, the lower processing time will be needed in the process.
It is possible to get into a cryptocurrency wallet with certain information. But, if there is no data available, the chances of recovery hugely reduces. To get a better result It is vital to ensure that the person remembers a certain percentage of their passwords or Seed Phrases.
Cryptocurrency is built on Blockchain technology. It’s a quantum technology that employs a higher level of encryption. In this scenario, it is helpful to share some data.