Cryptocurrency Q&A
Can Bitcoin be permanently lost?
Can Bitcoin be permanently lost?
SapphireRider
Sun Dec 01 2024
|
7 answers
1382
I'm wondering if Bitcoin, as a digital currency, can be permanently lost. I've heard stories about people losing access to their wallets or forgetting their passwords, and I'm curious if there's any way to recover those lost Bitcoins or if they're just gone forever.
7 answers
SamuraiCourageous
Tue Dec 03 2024
Storing private keys on a device like a computer, external hard drive, or USB stick involves certain risks.
Was this helpful?
42
72
GwanghwamunPride
Mon Dec 02 2024
If the private keys are lost, so too is the ability to access the associated Bitcoin.
Was this helpful?
64
78
Andrea
Mon Dec 02 2024
If such a device malfunctions or sustains damage, the private keys it holds may become inaccessible.
Was this helpful?
343
20
Valentino
Mon Dec 02 2024
This means that the Bitcoin, once lost, cannot be recovered.
Was this helpful?
333
86
OceanSoul
Mon Dec 02 2024
Without proper backups, retrieving these private keys can be impossible.
Was this helpful?
224
54
Load 5 more related questions
