Cryptocurrency has gained widespread adoption in recent years, with an increasing number of individuals and businesses using it as a means of exchange and investment. One of the key considerations for anyone holding or using cryptocurrency is the choice of a secure and reliable wallet to store and manage their assets. In this article, we will compare two popular wallet choices: MetaMask vs Coinbase Wallet.
The very first Bitcoin wallets weren’t particularly concerned with security. They were written to be run on internet-connected computers, and the first wallet, Bitcoin core, didn’t even give its users the option of protecting their wallet with a password.That’s because in early 2010, Bitcoin had almost no value – and it was much more important to introduce people to Bitcoin than to secure it.
Have you lost your Bitcoin Core password? If so, you may find solace in knowing that you are not the only one: as much as 34 percent of bitcoins are sitting in dormant wallets. Many of these wallets belong to people who have lost their passwords. If that's you, we can't guarantee that you can retrieve your Bitcoin -- but, there is hope.
In this article, we will explore the question of whether Coinbase Wallet is safe for users to store and manage their cryptocurrencies. We will look at the security measures implemented by Coinbase to protect user accounts, as well as potential risks and best practices for maximizing the safety of your Coinbase Wallet.
In March 2014. CoinDesk.com confirmed that the MultiBit Bitcoin Wallet had passed 1.5 million downloads, making it the most popular wallet at that time. Other estimates have put the total number of MultiBit wallet downloads at two million. The MultiBit wallet became so successful that the hardware wallet firm KeepKey purchased it. However, this purchase would mark the beginning of the end of the wallet.
Is losing your MetaMask password akin to an irreversible loss of your cryptocurrency savings held in the wallet? If you have also lost your recovery phrase, the answer is likely to be "Yes". However, there is always hope that you can recover your password on your own or by asking for help. If you lost your MetaMask password, don't give up yet. This article will help you find clever ways of recovering your password and, hopefully, a healthy stash of wealth in your wallet. Just make sure you read this article all the way to the end.
Blocktrail.com was the home of the Blocktrail Bitcoin wallet. The website promised Bitcoin investors “unparalleled security through Multi-Signature technology.” It informed them that they would be in complete control of their coins at all times. In this article, we explore what happened to Blocktrail.com. We follow the site’s history, identify the team behind the service, and describe the launch of the Blocktrail wallet and its acquisition by Bitmain.
People often contact us with information about a long string of numbers and letters -- sometimes they wrote themselves a note years ago, and they're hoping that we can help them identify what the characters mean.This article should help you identify some of these strings.
StrongCoin.com was a cryptocurrency service that called itself “The only Bitcoin e-wallet service that’s not vulnerable to security breaches.” The site promised, “No more lost or stolen wallet.dat [files].” (A wallet.dat file is the wallet backup for Bitcoin Core / Bitcoin-Qt wallets). An attempt to visit StrongCoin.com today will lead you to the message, “This site can’t be reached” because “StrongCoin.com’s server IP address could not be found.”
Many of our clients prefer to encrypt their email communications with us, including their wallet backup and password guesses. If you're already familiar with using PGP (and the OpenPGP protocol), you probably don't need to read this article. You can find our public encryption key here.If you haven't used PGP before, this article lays out our recommended approach, and points you to tutorials to get you up and running.
We estimate that about 2.45% of lost Bitcoin is recoverable. Using Chainalysis’ estimate, this gives us a range of between 68,110 and 92,855 Bitcoin that are recoverable. At current prices (a Bitcoin is worth approximately $41,500 as of April 20, 2022) this suggests that between USD $3 - 3.9 billion in Bitcoin is recoverable.
Many of the cryptocurrency wallets created since 2013 have used a very simple backup mechanism called a recovery seed (also known as a mnemonic, a seed phrase, or a recovery phrase). These phrases are almost always either 12 or 24 words long (although they can be as long as 25 words). These phrases are a curious combination of username and password -- and if you were to find one, and then share it with the wrong person, that person could remove all the funds from your wallet leaving you with essentially no recourse to recover the funds.