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Author Topic: What if I lose my BTC?  (Read 819 times)
tryingtobeperfect (OP)
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April 26, 2013, 01:53:28 PM
 #1

I just came through a thread and got his doubt.

What Should/Can I do if I find out that there is a transfer of some coins from my account without my knowledge?

Is there way to track where and to whom it went? Can I complain to someone to look into it?

Thanks
legendster
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April 26, 2013, 04:03:27 PM
 #2

I just came through a thread and got his doubt.

What Should/Can I do if I find out that there is a transfer of some coins from my account without my knowledge?

Is there way to track where and to whom it went? Can I complain to someone to look into it?

Thanks

What account are you talking about ? Almost all the major trading websites sends you an email containing all the info of the latest transaction almost immediately as it happens.


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tryingtobeperfect (OP)
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April 26, 2013, 04:35:41 PM
 #3

^^Blockchain.info.
legendster
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April 27, 2013, 01:38:47 PM
 #4

^^Blockchain.info.
They send confirmation after they send out a payment.

Their security measures are quite strong so loosing bitcoins from them is a rare occurrence.


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buysellbitcoin
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April 27, 2013, 02:48:33 PM
 #5

I just came through a thread and got his doubt.

What Should/Can I do if I find out that there is a transfer of some coins from my account without my knowledge?

Is there way to track where and to whom it went? Can I complain to someone to look into it?

Thanks

Please note bitcoin transactions are irreversible, so if coins are transferred they are gone.. sad but gone.

What you should do ?
1. Do not keep all your coins on online wallet such as blockchain.info. NEVER put more coins than you can afford to lose in any exchange. ANY EXCHANGE.
2. Setup two factor authentication on your blockchain.info account, it is MUST.. Use android phone with Google authenticator to setup two factor
3. Do not use any android application to manage your wallet..
4. Create one Virtual machine with Ubuntoo or some plain Linux, install bitcoin-qt there and store most of your coins there. Do not install anything there.. Not even mail client. Never open browser in that VM. That VM is your safety vault where you put your hard earned cash ( bitcoins are literally improved version of cash ). Make sure you have backup plans for this VM.
5. Create paper wallet of your wallet and keep it safe.

Above all is really very important to make sure you do not loose your hard earned coins.

Cheers

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tryingtobeperfect (OP)
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April 28, 2013, 12:09:38 PM
 #6

@buysellbitco.in, thanks for the valuable information.

Can someone lemme know how to make a paper wallet?
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April 30, 2013, 11:23:26 AM
 #7

@buysellbitco.in, thanks for the valuable information.

Can someone lemme know how to make a paper wallet?

You should install Armory client. It allows you to create paper wallet.

https://bitcoinarmory.com/get-armory/

Cheers

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April 30, 2013, 11:57:43 AM
 #8

@buysellbitco.in, thanks for the valuable information.

Can someone lemme know how to make a paper wallet?

You can also get them easily with a blockchain.info account.

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