Bitcoin Recovery Services – How They Work

[ldrsimon]

If the owner falls for an online scam, the Bitcoin is gone. If one somehow loses the private keys, the Bitcoin is as good as burned. Every time someone loses some bitcoin, the value of the remaining limited supply increases. Bitcoin self-custody using a hardware cold wallet is the answer to many of the dangers online foul play presents. Scammers and hackers can’t get to these wallets, and they can’t steal the digital assets in them. Nothing can protect these assets from the owners themselves, however. If they lose their passwords, seed phrases, and access to their private keys, computers, or hard disks, they also lose their Bitcoin.

 

[landis]

Sometimes, people accidentally delete their wallets. And they don’t retain the seed phrases they may use to restore their data. Bitcoin recovery service providers can restore data from deleted wallets without losses. Serious services offer a no-data no-charge guarantee. If you want to give a recovery service the best chance to recover your data after accidental deletion, turn off the device immediately and do not turn it back on.