Bonwin
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February 12, 2020, 09:46:05 AM |
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The spirit of negligence to me is a serious issue that should be checked and that we should be careful of. Yes, you might have so many things up your sleeves to achieve, but something is better done at the right time, than being postponed. This is where procrastination comes in. The guy that lost or did not write down his wallet's recovery phrase might have procrastinated writing it down, but which later turned out to what he never planned for. It is a lesson for him. he can still make much more than what he has lost because he is still living. I am sure he would have learnt his lessons, never to repeat it again.
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kayvie
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February 12, 2020, 09:49:05 AM |
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You should have told him first when teaching about making a wallet, when I first taught a friend I always reminded that phrases and pk are the most important things of the wallet. whatever it is he will definitely remember this incident because of 640 $ a lot of money especially if he collected it from the campaign or bounty that he followed.
I remember telling him how important private keys and recovery seeds are, if I was the one who helped him opened the wallet I would have forced him to write out the recovery phrase, its not my fault here You're really not at fault here, it is your friend's responsibility to secure his wallet by saving his own private keys or recovery phrase. You have helped him enough by telling him what is important, then it is his responsibility to follow your reminders about it.
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Shallow
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February 12, 2020, 10:09:57 AM |
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This is really painful given to the fact it is Bitcoin of all cryptocurrencies. The mistake has been made and there is no way out because we are in a decentralized environment where everyone is supposed to be incharge of his privacy and security. With what happened, it's best you take out time and teach him in the importance of private keys, backup phrases, keystore etc. All these are the first thing to learn before ever thinking of investing or holding any crypto because when issues happen that when we know the importance of keeping records. As a suggestion, he can write his keys etc on a piece of paper and save in various directions in his house (that is if he is living alone) also, saving on a computer is good but must be compressed and locked for more security, but I don't apply this because anything can happen to the computer.
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FaithInCrypto
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February 12, 2020, 12:42:46 PM |
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Yesterday someone I knew uninstalled his wallet from his android phone mistakenly and he told me to help him recover his wallet but guess what? he did not write out the wallet recovery phrase, the wallet consist of 640$ worth of bitcoin, he was broken, felt pity for him, how can someone not take recovery seed serious? that's what came out of my mouth, Really I felt pity for him because he went through a lot to gather that bitcoin, people need to start taking wallet keys or phrases very serious, newbies should please understand that without these keys you lose your money, time and energy
That's a lot of money, sadly. I think your friend and I had a similar situation. I recently changed my phone and unfortunately, I misplaced my wallet recovery phrase! I haven't found it until now so I still can't access my account. The good thing was it doesn't contain much so I am still okay so far.
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DabsPoorVersion
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February 12, 2020, 01:32:21 PM |
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You should have told him first when teaching about making a wallet, when I first taught a friend I always reminded that phrases and pk are the most important things of the wallet. whatever it is he will definitely remember this incident because of 640 $ a lot of money especially if he collected it from the campaign or bounty that he followed.
I remember telling him how important private keys and recovery seeds are, if I was the one who helped him opened the wallet I would have forced him to write out the recovery phrase, its not my fault here Not your fault but I know deep inside you feel responsible. But anyway, you can still help him by trying to retrieve his wallet. Since it is an android wallet, there are some other ways to try retrieving it. As far as I know, the data of an android wallet will remain as long as your phone will not get reset or so (but it still depends on the wallet), if it is not applicable, you can try reaching out the support of the wallet and will ask for their assistance and they will give you ways to retrieve the wallet.
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Ridwan.P
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February 12, 2020, 03:19:37 PM |
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every time you install a wallet, there has been told to save the phrase. And how can he rewrite 12 words without saving them? If only remember, that's amazing. Maybe you can with other options such as logging in with email + password. You try asking the support whether it can be recovered or not.
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Greatchu
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February 12, 2020, 03:48:41 PM |
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There is no way to retrieve the recovery seed because uninstalling the wallet application will surely wipe all its data and cache too so its gone, next time he will understand how important private keys are , many did the same mistakes so its a lesson
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SaidNurs
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February 12, 2020, 04:56:54 PM |
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This sounds serious, how could the time and thought that have been expended be in vain, plus the contents of the wallet which is quite quite contents. A wallet key is something vital, so don't be careless about it. always be wise in keeping your keys. if it happened to me, I would be so panicked
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Mianae
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February 12, 2020, 05:13:56 PM |
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This happens daily. Most person either misplace or totally lose their wallet keys. It's always advice able to enable 2fa in all wallets and to back this up in your hard drive or Google drive. It's painful let your friend try hacking the wallet if he remembers any of the keys.
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irixo10
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February 12, 2020, 05:47:19 PM |
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He wasn't properly informed about the vital informations and rules that must be applied or taken into account before holding any coin. Every wallet have their own mode of protection, in some wallets they use private keys, some uses backup phrases etc while some uses both. In whichever case, one needs to understand that both are very important to the security of their funds and losing them means losing their assets. This is what your friend failed to understand. It has happened, and now it's better you make out time and teach him all he needs to know in order to avert such mistakes in the future.
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tabas
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February 12, 2020, 10:01:08 PM |
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Ow, that's a bad thing that he didn't write his seeds (recovery words). It's the most important thing because if you don't have it, you don't own your coin. I think he can experiment of a system restore just like the PCs have this feature but it would be through his smartphone. I don't know if there's a required software with that but if there's nothing to lose, he might try recovering it in that manner and hoping that the app won't ask for the seeds when the app is restored.
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maxreish
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February 13, 2020, 05:32:14 AM |
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Well, at first i wasn't aware of that recovery phrase too but the wallet will first give some warnings/advice that we should take down the recovery phrase for this reasons. I remembered, I did not write it down before and good thing before I have decided to uninstall it, I transfered all my funds to another wallet. That should be a lesson learned for your friend, try to contact their support and ask your friend for some data confimations.
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RodneyKings
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February 13, 2020, 05:58:40 AM |
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When I lost a wallet pass phrase a year ago, I see to it to keep all of my pass phrase under one notebook. Of course I keep it safe as no one knows that I am into cryptocurrency. it's just too bad that as far as I know there is no way to retrieve an account when you don't have the pass phrase.
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fuer44
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February 13, 2020, 06:10:37 AM |
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wordsheet, consisting of 12 words that are very important for recovery. because of that many members here suggest to keep it well because it will definitely be very useful someday. because remembering 12 random words when making a wallet, in my opinion it's difficult than memorizing a formula. it will definitely be a very difficult situation.
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butcherme
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February 13, 2020, 06:28:22 AM |
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Yesterday someone I knew uninstalled his wallet from his android phone mistakenly and he told me to help him recover his wallet but guess what? he did not write out the wallet recovery phrase, the wallet consist of 640$ worth of bitcoin, he was broken, felt pity for him, how can someone not take recovery seed serious? that's what came out of my mouth, Really I felt pity for him because he went through a lot to gather that bitcoin, people need to start taking wallet keys or phrases very serious, newbies should please understand that without these keys you lose your money, time and energy
Why wouldn't they save the recovery phrase? I think your friend is lazy enough to skip the most important thing in keeping your wallet secure. This should be a lesson for him/her they know that it is about money so why don't they take it seriously? If your friend is a new in crypto then he/she should have paid more attention on securing their investment.
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bgaf
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February 13, 2020, 07:00:33 AM |
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If its an android app its ok as long as you didn't uninstall the application you use or never reformat your phone it will not gone as long its continue running.
Are you reading carefully? His friend already uninstalled the app by mistake. I dont think if he reinstalled it back the same account or wallet address will be pop up on his application. Of course this will reset, and provide again another new wallet with new back up seed. Forgetting to save the pass phrase is a sin on cryptocurrency if your using a wallet app. Sorry OP but there is no other way for your friend to get his bitcoin and that's how cryptocurrency is such a transparent one. Newbie must learn especially this is a basic rule on creating wallets.
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mersal
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February 13, 2020, 11:39:54 AM |
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Yesterday someone I knew uninstalled his wallet from his android phone mistakenly and he told me to help him recover his wallet but guess what? he did not write out the wallet recovery phrase, the wallet consist of 640$ worth of bitcoin, he was broken, felt pity for him, how can someone not take recovery seed serious? that's what came out of my mouth, Really I felt pity for him because he went through a lot to gather that bitcoin, people need to start taking wallet keys or phrases very serious, newbies should please understand that without these keys you lose your money, time and energy
Wallets you own it and no one actually knows those keys,if you failed to note down the recovery seeds then you will lose your wallet as well.Most wallets will not allow anyone to create a wallet without entering their recovery seeds for the first time so how it is possible for him to never write down those keys?
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barbara44
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February 13, 2020, 06:05:12 PM |
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Yesterday someone I knew uninstalled his wallet from his android phone mistakenly and he told me to help him recover his wallet but guess what? he did not write out the wallet recovery phrase, the wallet consist of 640$ worth of bitcoin, he was broken, felt pity for him, how can someone not take recovery seed serious? that's what came out of my mouth, Really I felt pity for him because he went through a lot to gather that bitcoin, people need to start taking wallet keys or phrases very serious, newbies should please understand that without these keys you lose your money, time and energy
Someone you knew? Why didn’t you teach them about the recovery phrase? From the way you explained this I guess he was still a newbie and maybe didn’t know about the recovery phrase. This is the reason newbies shouldn’t make use of wallets that are made for people that are already experienced enough. They should be making use of online wallets like Coinbase, Blockchain, Xapo and the rest of them, these are the wallets that newbies should be using. With these wallets they will just have to create their wallet and login anytime with their email and even when they forget their passwords they will still be able to recover it with the same email they have created it with. But, if it’s offline wallets that requires recovery phrase you’re likely to lose your coins. As a newbie I used Xapo and I made the mistake of losing my password several times and Xapo saved my life. I only started to use wallets like BitPay and Exodus after I have got much experience.
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Avirunes
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February 13, 2020, 06:24:52 PM |
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They should be making use of online wallets like Coinbase, Blockchain, Xapo and the rest of them, these are the wallets that newbies should be using. With these wallets they will just have to create their wallet and login anytime with their email and even when they forget their passwords they will still be able to recover it with the same email they have created it with.
But, if it’s offline wallets that requires recovery phrase you’re likely to lose your coins. As a newbie I used Xapo and I made the mistake of losing my password several times and Xapo saved my life. I only started to use wallets like BitPay and Exodus after I have got much experience.
So you would rather trust someone else rather than yourself when it comes about coins? Xapo and Coinbase both are a wallet platform that doesn't gives you any private key or master private key against the wallet. So what if someone hacks that wallet platform and steals all the bitcoins leaving owner unable to pay. What's the best - trust yourself or trust a third party blindly with your coins?
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bitcoinst
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February 13, 2020, 11:06:28 PM |
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The problem is not that people do not write down their recovery phrases and private keys, the problem is that people store them in the wrong places, and also that people are quite irresponsible about storing this kind of information. As practice shows, a person begins to take such things seriously only after he loses access to one of his wallets. The more valuable this wallet will be, the higher the probability that an individual will learn a lesson.
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