Blockchain Wallet Password Recovery | Explained
A Blockchain wallet is a type of digital wallet that lets users store and manage Bitcoin, Ether, and other Cryptocurrencies. It’s often referred to as a wallet service provided by Blockchain, a software company founded by Peter Smith and Nicolas Cary. The Blockchain wallet also lets users send and receive Cryptocurrencies, and convert them back to their home currency.
Blockchain Wallets users should be concerned about the security of their wallets because a compromised account might lead to the loss of control over their assets and thus the wallet security is important. The Wallet offers multiple layers of security to secure user funds from potential attackers, including the company itself.
Just like other digital services, a Blockchain Wallet account requires passwords to safeguard the users. However, on the other hand, the Blockchain company does not keep track of users’ passwords and is unable to reset them if they are forgotten or lost. Due to this security mechanism insiders at the company are unable to steal Cryptocurrencies. The account can only be retrieved with a mnemonic seed if a user forgets or loses their password.
Also read: https://coinscapture.com/blog/everything-about-bitcoin-wallet-address
A mnemonic seed is just a random string of English words that acts as a password substitute. The seed is used to restore the wallet, including any Cryptocurrency if a user loses access to their phone or device; Similarly to passwords, the Blockchain company does not store and keep users’ mnemonic seeds. These seeds comply with an industry-standard, ensuring that the wallets are often recovered albeit if the company goes bust.
There is no greater dread for Bitcoin investors than forgetting their Blockchain Wallet passwords even though their money is in their hands yet locked away forever. If this situation ever occurs to you — don’t panic and lose hope. According to a prominent expert in wallet recovery with years of experience from KeychainX, there are techniques to recover a lost Blockchain Wallet password.
Here’s a step-by-step guide for recovering a lost blockchain wallet password:
Since its beginning in 2011, Blockchain has generated over 76 million wallets; and over time some of the users may have forgotten their passwords. But what if Blockchain.com assistance is unable to assist you in recovering your password? Then what other additional options do you have? Fortunately, Robert Rhodin, the CEO of KeychainX and a Wallet recovery expert has written a comprehensive step-by-step tutorial to assist you in retrieving your wallet.
- Lost your Blockchain Wallet Password?
First, if you ever forget your password but recall the email address you used while creating your wallet, then you can ask them to share all the wallets created with that address to you. The guide includes links to that service as well as all of the upcoming services and software tools you’ll need to download.
If you can’t recall the email there are few additional ways to restore the encrypted wallet. You can use BTC Recover which is an open-source Bitcoin Wallet password and seed recovering tool to download the encrypted backup. For that, you need to install several python libraries and be a bit familiar with the command prompt concept because it doesn’t have a graphical user interface. If you’ve got a wallet.aes.json backup and don’t remember your wallet ID, then it’s possible to import the wallet into a new Blockchain.com wallet.
Lastly, if you’ve created a secondary password for your wallet you would be able to use a “Brute Force” method to crack it and for this, you’ll need a GPU rig ( with one or more NVIDIA or AMD video cards) which is capable of trying thousands of different passwords per second. In addition to owning GPU cards, you’ll need to use a software application like Hashcat to do the password cracking for you.
If you’re still having trouble finding any of your passwords, then you might also like to try and use a variety of word list repositories. Make sure you have plenty of RAM and bandwidth because many of these word lists are between 10 to 30 GB in size; as you can see for attempting a wallet recovery one will necessitate some programming skills and knowledge along with appropriate hardware. Thus remember that when all of this gets too much for you, there are professional services like KeychainX — which can help and guide you to recover your lost Blockchain.com or Blockchain.info wallet for a price.
Also read:https://coinscapture.com/blog/step-by-step-guide-to-start-blockchain-services-business
- KeychainX Can Even Recover Blockchain Wallets With 15,17,19 or 21 Mnemonic Words
KeychainX it’s a Bitcoin Wallet recovery service that’s been around since 2017. Many people from all over the world have had their wallet keys recovered by the company, you can check out some of their insightful reviews on Trustpilot where KeychainX has an almost flawless 4.9 ‘Excellent’ rating score. The company has unlocked various types of wallets and recovers keys from Multibit Classic or Multibit HD.
The service can assist you to recover your lost Bitcoin wallets from wallet.dat files, Dogecoin wallet passwords, Blockchain second or first passwords, Android wallet or spending PIN, Ethereum from JSON files, and Ethereum presale wallets. Also, if your Blockchain.info 15,17,19, or 21 -word mnemonic seed is no longer available and supported by Blockchain.com, then no need to worry because KeychainX can decode it.
Also read: https://coinscapture.com/blog/the-myth-busters-13-misconceptions-about-blockchain
A GPU rig hard at work
Many people mistakenly believe that recovering an old Blockchain.info wallet is impossible, yet KeychainX has published a client success story explaining how it recovered an old Blockchain.info wallet with more than a 12-word story mnemonic seed. The client only recalled 17 words of his mnemonic seed which was customized to backup the wallet, and therefore the team had to recover the funds from the no longer supported wallet using a combination of brute force and a lot of “source code archeology.” The incident also demonstrates KeychainX’s willingness to go to great lengths for clients as well as the incredible inventiveness that is often required in the process.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.
