Sentences with phrase «lose access to their wallet»

Because we put you in complete control of your bitcoins, we also developed 3 self - serve tools to help you should you ever lose access to your wallet.

People will lose their private keys and lose access to their wallets forever, they'll send money to the wrong address that doesn't belong to anyone, governments and corporations will stockpile it instead of spending, etc..

This is important because, if you lose or delete this file, you lose access to your wallet.

So even if you lose access to your wallet, you will be able to unlock and use your Bitcoins by knowing the public key.

Not exact matches

... [I] f you lose your wallet you then at least have all of this info on your phone or have access to it on a computer (you just have to login to your Last Pass account),» suggests Chelsea Brinkley, founder of Travel Brinkley.

If you lose your paper wallet, the Bitcoin still exists in the system, but nobody now has access to it.

However, paper wallets are considered to be more confusing and complicated to set up and use than software wallets and, if you lose the paper wallet and have not created a backup copy, there is no means of restoring your access to your currency.

If the hardware breaks or is lost, then you can restore your access to your currency on a new device from the «seed words» you receive with your hardware wallet (i.e., a string of random words used to restore your wallet and recover your currency).

It does allow for you to regain access to your mobile Bitcoin wallet if you ever lose your password / key.

Other features include lost - wallet protection, address - change monitoring, and access to identity restoration specialists.

Make a separate account for each region you want to access; changing regions could cause you to lose access to the funds in your wallet.

IF YOU LOSE ACCESS TO YOUR BITCOIN WALLET OR YOUR ENCRYPTED PRIVATE KEYS AND YOU HAVE NOT SEPARATELY STORED A BACKUP OF YOUR WALLET AND CORRESPONDING PASSWORD, YOU ACKNOWLEDGE AND AGREE THAT ANY BITCOIN YOU HAVE ASSOCIATED WITH THAT WALLET WILL BECOME INACCESSIBLE.

A word of warning: Sending BTC to a BCH address or BCH to a BTC address will cause users to lose access to their funds, although in BitPay's case, the company said it has already adopted «a few new conventions» to ensure that its users won't accidentally send BTC to a BCH wallet and vice versa.

It might make it a hassle to access and transfer funds quickly, but wouldn't you rather take a while longer to access your wallet than lose everything because you were using a wallet with weak authentication?

Reiterating that hardware wallet users wouldn't lose access to their bitcoins, Ledger said that, in the event of a split, it would release a software update allowing them to manage both currencies.

You'll also need to create a strong password — just make sure you don't lose it, as it's the only way you can access your wallet.

That URL requires no login credentials, forcing users to bookmark it specifically (a password can be added, but if you lose the URL, so goes your wallet access along with whatever amount stored within it).

The app provides practical features such as cryptocurrency price charts, passcode protection and an option to remotely disable your iPhone's access to the wallet should it get lost or stolen.

Ensure you print out these keys and keep them somewhere safe — like your wallet — in case you ever lose access to your security keys and need to log in.

The security of your coins is provided by a 24 - word seed that will be used to access and recreate the account in case the wallet is lost, damaged, or stolen.

It does allow for you to regain access to your mobile Bitcoin wallet if you ever lose your password / key.

This creates a situation that usually allows you to recover access to your wallet if your password / key is ever lost.

What about people losing their passwords and never gaining access to their wallets ever again?

If you lose this Seed Key, then there will be no way to access your wallet ever again.

This means that you can easily get the access to your account if you lose your wallet or someone steals it from you.

This means that if you back - up your Masterseed you will be easily able to recover your wallets if you lose access to the device they were on.

Like with the cold wallet above, if you lose the paper, you will no longer have access to your funds, so be careful.

Simply enter an email address and create a password, and a copy down your 12 - word seed phrase in case you ever lose your password this will be the only way to get back into your Meta Mask wallet and access your Ethereum funds.

When you receive your Ledger Nano S, it will come with the device, a supported USB cable, and instruction booklet, a few minor accessories and a recovery sheet which can help you get back into a wallet should you lose access to it.

The statement in a tweet above from Musk alludes to his having lost the private key to the wallet which contains the BTC, meaning he can not access it even if he wanted to.

The recovery private key ensures that you never lose your funds in the case you not able to access your wallet, you can easily recover your coins if you have your wallet private keys.