<\/a><\/p>\nLocked out of Bitcoin Fortunes<\/b><\/h2>\n What do you do when your hard-earned digital wealth is locked away due to a forgotten password? For many, hiring a specialist to help them recover their lost funds is the answer. Unfortunately, this process is not only expensive but often fruitless, as there is no guarantee of success.<\/span><\/p>\nAs such, owners of lost BTC are left with few options and must rely on luck and the goodwill of others to regain access to their funds. For the Bitcoin owners who have been locked out of their wallets, frustration has become an omnipresent state. They’ve owned these coins since the early days – when nobody would’ve believed that they’d be worth anything – and despite all that time spent waiting for it to pay off, they now find themselves unable to access their fortunes.<\/span><\/p>\nUnfortunately, there is no easy answer for those who have lost access to their wallets. What we can learn from this situation, however, is that it\u2019s better to be safe than sorry when it comes to protecting your digital wealth. Crypto owners should make sure to back up their private keys and passwords in multiple secure locations and to always keep their software up to date. This way, you can ensure that your hard-earned digital wealth will remain safe and secure.<\/span><\/p>\nNo Company to Provide or Store Passwords<\/b><\/h2>\n Bitcoin is a decentralized, non-corporate entity – it operates entirely independent of any organization, so it\u2019s up to the user to protect their digital wealth. Unfortunately, many crypto owners forget about this fact and end up losing access to their funds due to lost passwords and misplaced private keys.<\/span><\/p>\nWith more people entering the crypto space daily, these tales of lost BTC should serve as a reminder to take the necessary steps to protect your digital assets. By taking these precautions, crypto owners can rest assured that their funds will remain safe and secure.<\/span><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":"
One of the major cons of cryptocurrency is how costly mistakes can be. The losses caused by forgotten passwords and misplaced private keys can be catastrophic. According to BitcoinCasino.com, BTC that is lost due to these forgotten passwords and private key loss stands at around $24 billion. This is equivalent to about 1.45 million BTC. … <\/p>\n","protected":false},"author":64,"featured_media":5203,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\n
Number of BTC Permanently Lost Due to Lost Passwords and Forgotten Keys Stands at About $24B - Bitcoin Casinos<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n\t \n\t \n\t \n