Cryptocurrencies are virtual currencies that don’t rely on a central bank but that instead are tracked on a decentralized public ledger. Cryptocurrencies today generally rely on blockchain technology, and there is no server or central authority.
While Bitcoin is perhaps the best known of cryptocurrencies, there is a long list of virtual currencies including ethereum, litecoin, ripple, dash, NEM, monero, ethereum classic, zcash, and more. Although each of the cryptocurrencies works a little bit differently, the key is that information on transactions is stored in a database accessible through a vast network. Individuals who own bitcoin or other cryptocurrencies enter into transactions in which coins or tokens are bought or sold and their transactions are recorded in the database or ledger.
When you buy or sell cryptocurrencies, you get a public and private key to provide proof of ownership. Because there is both a private and public key, cryptocurrencies are considered to be very secure as no one can access your currency without your codes. Unfortunately, problems arise when you become unable to access the currency because of a problem that prevents you from accessing your public or private keys.
There are a number of reasons why you may be unable to access your keys to prove you are the owner of bitcoin or other cryptocurrencies. If your currencies were kept in a virtual wallet, you may become unable to access that wallet. However, even when currencies are not kept in wallets, the data you need to access the coins or tokens may become inaccessible. When and if this occurs, you need to get help from the experts to recover your lost virtual currency.
How Bitcoin Recovery Co. Helps You Recover Lost Currency
Cryptocurrencies can be lost or inaccessible for a number of reasons, ranging from a forgotten password to a lost or damaged hard drive. Some of the most common reasons for loss of cryptocurrency investments include:
- Lost passwords
- Damaged hard drives
- Inaccessible hard drives (such as hard drives in the possession of the U.S. government)
- Broken mobile phones
- Computers that won’t start
- Viruses and ransomware
- Software problems
- Deleted data
- Forked coins
- Transfers to an invalid address
- Transfers that were never received
- Stolen coins
These problems can arise with a wide range of cryptocurrency products, and while most recovery services are primarily focused on bitcoin alone, we can help with a wide array of missing and inaccessible cryptocurrencies.
Whatever the problem preventing you from accessing the cryptocurrencies you own, you should not give up hope on cashing in on your investment as the prices of bitcoin and other cryptocurrencies has increased so dramatically.
Bitcoin and cryptocurrency recovery services can provide you with solutions to get back your inaccessible coins or tokens, but you need to make sure the service you select is the right one. Bitcoin Recovery Co. is here for you. Our cryptocurrency recovery service is unlike most others because we can provide assistance not only in recovering passwords for lost wallets but we can also help in many other circumstances where problems with your virtual currencies are preventing access.
Whether you have funds lost due to forks, storage with defects, inaccessible hard drives, or a host of other serious and complex problems, we have the skills and resources necessary to give you the best possible chance of cryptocurrency recovery. When you have cryptocurrencies that weren’t kept in a virtual wallet, reaching out to our experts may be the only option you have for recouping your lost investment, so don’t hesitate to get help.
Why Get Help With Cryptocurrency Recovery
Cryptocurrencies are specifically intended to be so secure that no one can crack the encryption used in public and private keys. Despite many attempts to exploit flaws and break security protocols, no one has successfully been able to identify exploitable flaws in the block chain that make it possible to access cryptocurrencies without authorization.
Unfortunately, the very security protocols that have helped to make cryptocurrencies so popular can also block you from accessing your currencies when problems arise. Guessing passwords or public and private keys through brute force is all but impossible, and trying to recover lost coins or tokens from damaged hardware is a high-risk proposition because you don’t want to cause further degradation of data that results in your cryptocurrencies being lost forever.