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Smithsuman
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January 21, 2019, 08:50:24 AM
 #1

If i forget the wallet password how can reset the new password

please give me a suggestion
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Reply with quote  #2

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mocacinno
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January 21, 2019, 08:53:13 AM
Merited by dbshck (4)
 #2

If i forget the wallet password how can reset the new password

please give me a suggestion


Which wallet software are we talking about? Usually, there is no way to "reset" a wallet's password, the password is usually used to encrypt wallet data, if you don't have the password, the data cannot be decrypted, there's usually no way around this.

There are tools to brute-force wallet passwords for most wallet implementations, but the odds of being succesfull greatly depend on:

  • How much you remember about the password
  • How strong the password is/was
  • Which wallet software we're talking about
  • Your technical knowledge
  • The hardware you have at your disposal for brute-forcing the password

EDIT: OmegaStarScream did raise a valid point: if you have the recovery seed for your wallet written down somewhere, you can use this seed to restore your wallet and just pick a new password during the restoration process... You'll only lose some metadata (for example, if you added names to the deposit addresses, or if you labelled transactions,... you'll lose the labels)

OmegaStarScream
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January 21, 2019, 08:55:00 AM
Merited by dbshck (4)
 #3

If you're using an online wallet or exchange then resetting the password could be an option otherwise not really. If you're using hardware wallets, Electrum, Mycelium etc. You will have to reset your wallet by re-entering your seed phrase.

If you don't have any of these things, you should go with cracking the password If you know how to do it. If not, I suggest contacting WalletRecoveryServices.

Smithsuman
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January 21, 2019, 08:57:30 AM
 #4

If i forget the wallet password how can reset the new password

please give me a suggestion


Which wallet software are we talking about? Usually, there is no way to "reset" a wallet's password, the password is usually used to encrypt wallet data, if you don't have the password, the data cannot be decrypted, there's usually no way around this.

There are tools to brute-force wallet passwords for most wallet implementations, but the odds of being succesfull greatly depend on:

  • How much you remember about the password
  • How strong the password is/was
  • Which wallet software we're talking about
  • Your technical knowledge
  • The hardware you have at your disposal for brute-forcing the password
ledger nano s wallet
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January 21, 2019, 08:58:47 AM
 #5

ledger nano s wallet

Well, in this case, OmegaStarScream's point should be valid: you *should* have the recovery seed. My ledger even came with a piece of paper that was made for the exact purpose of writing down seeds... So i hope you followed the instructions they gave you... Like i said in my first post (i was still editing it while you quoted me): if you restore the wallet from seed, you'll only lose some metadata, but nothing "important".

https://support.ledger.com/hc/en-us/articles/360005434914-Restore-from-recovery-phrase

Smithsuman
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January 21, 2019, 09:05:05 AM
 #6

ledger nano s wallet

Well, in this case, OmegaStarScream's point should be valid: you *should* have the recovery seed. My ledger even came with a piece of paper that was made for the exact purpose of writing down seeds... So i hope you followed the instructions they gave you... Like i said in my first post (i was still editing it while you quoted me): if you restore the wallet from seed, you'll only lose some metadata, but nothing "important".

https://support.ledger.com/hc/en-us/articles/360005434914-Restore-from-recovery-phrase
thank u for your responses
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January 21, 2019, 09:19:55 AM
Merited by DdmrDdmr (2)
 #7

thank u for your responses

No problem Smiley
One last advice: make sure the seed is 100% correct before you wipe your device!
If you're talking about a lot of money, it *might* be a good idear to buy a second ledger nano s to restore your seed on instead of wiping the original one.

If it's only a small amount, you *could* try something like this:
  • download the CLEAN LATEST version of electrum from the OFFICIAL download site on a CLEAN, FIREWALLED, VIRUSSCANNED pc and restore your wallet on electrum instead of your ledger
  • check if you have controll over your restored wallet using electrum, re-initialise the ledger nano s after you verified this controll, generate a new seed with your ledger nano s and write it down
  • empty out your original wallet, fund a new address generated by the newly initialised ledger nano s

jossiel
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January 21, 2019, 09:58:43 AM
 #8

I experienced that when I totally forgot the pin on my hardware (ledger nano s). As long as you will input the correct recovery seed, you will never have any problem to it.

Don't feel nervous when you are recovering your wallet through those seeds. Follow all the advices that was told to you, you can forget the wallet password/pin of your hardware but don't ever forget to write down the recovery seed.

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January 21, 2019, 12:41:32 PM
 #9

<…>
If you enter a wrong pin code three times in a row, the Ledger Nano S will restore the factory settings and delete your private keys from the device. I assume you know that that is what the number of attempts message leads to, but if not, bear it in mind.
 
You can recover access by following the procedure referenced by @mocacinno, linking to the Ledger support restore from recovery phrase article. Just make sure that you can retrieve your recovery sheet, and that you can read without a shadow of doubt on the 24 words you wrote there yourself.

I personally have two Ledger Nano S devices using the same seed, and although not strictly necessary, it gives me more peace of mind as a safe fall.

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