What problem does Recovery Crypto solve?

In today’s fast-paced world cryptocurrency and blockchain technologies are increasingly conquering our daily lives and become an important part of it. Every day, people around the world are investing more and more money in such assets.

However, imagine millions of dollars are gone for good in your cryptocurrency wallet just because your memory deceived you. This is the reality for a growing number of people who have been locked out of their passwords and seed phrases because they have forgotten their passwords.

The loss of all your assets due to:

• forgotten crypto wallet passwords

• lost a seed phrase

For instance, more than $100 billion in Bitcoin is estimated to be lost. And since Bitcoin is a decentralized currency, unlike losing a bank card, there is no one to call when you forget your cryptocurrency wallet access code, and there is no central office with which you can arrange a shiny new replacement of your crypto assets.

There are quite a lot of dedicated wallet recovery services that help people recover access to password-protected wallets. However, existing ways of recovery process can become unreliable, quite expensive and rather time-consuming.

What is more, they all require maintenance of access to a private key – a seed phrase, which is a random set of words automatically generated when you set up your crypto wallet.

If you lose your seed phrase, you will not be able to restore your wallet and your cryptocurrency will be permanently lost.