Sentences with phrase «losing access to their bitcoin»

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.

If you lose access to the private keys, you lose access to the Bitcoins.

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.

If you lose them, you lose access to the bitcoin stored there.

Not exact matches

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

Losing (access to) your phone means losing the bitcoins stored on the Losing (access to) your phone means losing the bitcoins stored on the losing the bitcoins stored on the phone.

In July 2011, the operator of Bitomat, the third - largest bitcoin exchange, announced that he had lost access to his wallet.dat file with about 17,000 bitcoins (roughly equivalent to US$ 220,000 at that time).

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

There have been stories about people who have lost their bitcoin private keys and have been unable to access their own money.

TOKYO — When Mt. Gox, the world's largest bitcoin trading exchange, collapsed in early 2014, more than 24,000 customers around the world lost access to hundreds of millions of dollars» worth of cryptocurrency and cash.

Losing (access to) your phone means losing the bitcoins stored on the Losing (access to) your phone means losing the bitcoins stored on the losing the bitcoins stored on the phone.

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.

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

It still takes an exorbitant amount of energy to mine cryptocurrency, not to mention how clogged the network would become if a significant number of nodes, miners or bitcoin developers suddenly lost internet access.

You don't have to worry about cyberattacks stealing the information, because nothing is stored digitally, but if the paper is lost or destroyed, access to the bitcoins is gone forever.

You need your private keys to spend your bitcoins, so if someone gains access to your private keys, they can (and will) spend your bitcoins, and your bitcoins will be lost to you.

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