What happens if you lose your bitcoin hardware wallet?

If your hardware wallet is lost, stolen or damaged, you can easily and securely recover all of your cryptoassets, as long as you have access to the 12, 18 or 24 word recovery seed. … In this case, you can just recover your cryptoassets by importing the recovery seed into the replacement hardware wallet.

Can hardware wallets be hacked?

“Hardware wallets are in demand precisely because of security and the inability to access third-party users ‘ data, but there is still a high risk of software bugs. And no one is immune from database hacking,” he says.

Do I need a wallet if I use Coinbase?

It’s an exchange, but it does have a built-in wallet, yes. So, you can keep your crypto on the Coinbase platform, if you wish. However, it is not recommended.

Can you find out who owns a Bitcoin wallet?

There is no way to know who owns a Bitcoin address. … Is it possible for the government to track Bitcoin transactions? Everybody can track every transaction because it’s public. If you mean whether or not your government can identify what transactions you personally did it depends on how you did it.

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