Did you know that approximately 4% of available bitcoins, or 16.3 billion euros, are lost each year? The problem of lost funds has existed since the beginnings of cryptocurrencies. It can happen to anyone and even to those who take good care of their wallet. There are different types of losses, with phishing or malicious hacking of accounts fortunately only contributing a tiny fraction of the total sum of tokens lost. Find out how you can lose your cryptocurrencies.
How can you lose your cryptocurrencies?
Imagine that you have stored a backup copy of your wallet on your computer. You encrypted it with a password of nearly infinite length, following cybersecurity best practices. Suddenly, your computer’s power goes out. Power failure. You restart your system and realize that the data stored on your hard drive is corrupted and your wallet data is lost.
Have you heard of James Howell ? He threw away his hard drive, containing around 7,500 BTC. According to some rumors, this hard drive is still in a landfill in England.
Apart from these extremely unfortunate cases, simply forgetting your password can be enough to prevent you from accessing your crypto funds. It is not possible to set a new password, as non-custodial wallets do not have a “ Forgot your password ? “. Spilling coffee on the piece of paper your seed phrase is written on and making it unreadable can also do the trick. And if you mix up one or two words of this one while writing it? Your wallet software may be down and inaccessible or you may lose the phone needed for two-factor authentication.
In all these cases, the funds are still present on the blockchain, but it is now almost impossible to access them.
In theory, there are endless possibilities for losing access to your wallet. It can be one in a million cases or daily incidents. But what can you do if you find yourself in this situation? This is where ReWallet comes in.
Recover your cryptos: the opinion of the professionals
It’s 2020 and the cryptocurrency craze has reached one of its peaks. Elon Musk tweeted daily about Dogecoin and bitcoin was worth around 42,000 euros.
This is when Bruno Krauß, co-founder and technical director of ReWallet, wanted to transfer his old bitcoins and ethers, which had increased in value, to a newer wallet. It was then that he discovered that he no longer had access to it. He couldn’t find his wallets. Fortunately, he still had his old hard drives, otherwise everything would have disappeared.
He searched for a crypto expert to help him recover his data, but couldn’t find any trustworthy professionals.
So he decided to put his own skills to good use and find a solution himself. After many sleepless nights, he was finally able to restore his wallets, and the idea for ReWallet was born.
Since its inception, ReWallet has performed over 300 successful recoveries. Bruno, Technical Director, says:
” We do not disclose any information on individual cases, as we guarantee our customers the utmost confidentiality and security. What we can say is that in some cases we have been able to recover amounts that have changed the lives of our clients, when they themselves had lost hope. »
How ReWallet can help you?
Since then, ReWallet has faced almost every scenario imaginable of losing access to a crypto wallet. It makes sense to contact ReWallet if:
- You have forgotten part or all of your password;
- Your seed recovery phrase is not complete or does not work;
- Your data is corrupted or you have lost data;
- Your 2-factor authentication no longer works;
- You have damaged or lost your hardware wallet;
- You inherited crypto and don’t know where to start.
” We have become extremely efficient in terms of recovering passwords, analyzing different types of hardware and reconstructing seed phrases and we have developed our own tools and solutions for each type of wallet we have encountered. – Bruno Krauss
Using the contact form available at their websiteyou can easily describe your problem in detail and ReWallet is committed to providing you with an initial assessment, including the chances of successful recovery, within 24 hours of your request.
Trust as a key factor for ReWallet
” From my own experience, I know how difficult and frustrating it is to seek professional help. That’s why I wanted to offer the community a service where transparency, trust and security are the top priority. »
ReWallet is distinguished by the fact that each customer receives a contract that complies with European legislation. Everything you might be concerned about is listed in this contract. This is a key factor in trusting cryptocurrency recovery services.
Another particularity of ReWallet: each member of the team uses their full name.
“ It was important to me that our clients knew who they were working with at every stage of the wallet recovery process. We don’t need to hide behind pseudonyms and we are ready to make every effort. »
ReWallet has been featured by major crypto media as well as bloggers and its customer testimonials can be viewed on Trustpilot.
It is also worth mentioning that ReWallet operates on a success-based model. The costs of their service are only due if you regain access to your wallet. Success fees are independent of the level of resources and time the team must invest in recovery.
To contact ReWallet for an initial assessment of your personal situation, free of charge and without conditions, go to their website.
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