3 Ways to Recover Your Stolen or Lost Bitcoin Cryptocurrency

Bitcoin and other Cryptocurrency are mostly assumed to be pretty secure, but sometimes things happen. Even experienced crypto investors and traders have had cryptocurrency assets lost or stolen too. It used to seem like there was very little or nothing one could actually do about it. But thankfully, there are ways to get back and recover your stolen or lost bitcoin cryptocurrency back.

We will be looking at the top ways to recover your lost or stolen crypto, and also how to avoid losing your bitcoin or cryptocurrency in the first place!

Act Quick to Recover Your Stolen or Lost Cryptocurrency

Mr. B. Jamin, a partner at Kob & Kem, a law and an expert in crypto theft cases, told us, “The quicker you can act, the better,”. The longer you wait to start tracing your crypto, the more time you give thieves to transfer your assets to cold storage. It is better to send them to sketchy exchanges, or to tumblers to mix them up. “The more sophisticated you are, and the less sophisticated the thieves are at moving the assets, the better chance you have,” Jamin continued.

Your capital is at risk.

If the funds are in an exchange, you’ll need to contact them and ask them to halt the process, and freeze your crypto. This gives you some more time. Unfortunately, not all exchanges might want to comply, so you may have to get a legal assistance engaged to throw more weight around and get you an order an issue for them to be frozen.

How Legal is It?

For the judicial system to actually work in your favor, you will have to know who stole your cryptocurrency. While you may be able to freeze funds against a random person, it will be challenging. According to M. Jonas, a partner at FundsRecovery247.com a funds recovery firm, “In general, to enforce an order requiring fraudsters to pay damages or handover stolen property, ultimately you’ll need to know who they are.”

Thankfully, one of the many benefits of cryptocurrency is that you can see where the coins have gone. If they go through an exchange, you will most likely be able to find out who the owner of the wallet is. Thanks to the KYC (know your customer) process. This will enable you get an order to reveal the crypto thief’s identity and recover your stolen crypto.

How to Recover Lost Crypto From a Cold Wallet

Cold wallets are offline wallets that are made and designed to keep cryptocurrencies. Cold storage allows the digital wallet to be stored on a platform without internet connectivity. This protects the wallet from cyber hacks, unauthorized access, and other vulnerabilities that could be exploited if they were connected to the internet.

There are a number of different ways that you can recover Bitcoin Crypto from cold wallets:

• Encrypted Devices: Encrypted phones and laptops work like cold wallets, so that you can safely store and access your private key information. Like cold wallets, you can retrieve lost information through professional help.
• Paper Wallets: If you have a paper wallet, consider storing it in a vault or safety deposit box. That way, you’ll literally have a physical backup of your key information. This is a pretty old fashioned way of doing things, so maybe consider other options first.
• Pen Drives/Hard Drives: While this is a very secure way to store your coins, retrieving your data from them should they be damaged or corrupted is a timely and expensive process. You’ll definitely need a professional to do this.

CryptoRecovery Bitcoin Cryptocurrency Recovery Initiative

Express Recovery Pro is teaming up with global investigations firm MCBH, to launch a joint initiative called CryptoRecovery. CryptoRecovery combines the latest blockchain forensic techniques with the world of legal investigation and asset recovery. K. Collins, CEO of Express Recovery Pro told us:

“So far, there is no one place where victims can go and get help. It’s almost like they are pleading to get someone interested in their case. In the end, they have to work it out themselves; see about getting a lawyer, perhaps in some other jurisdictions.”

CryptoRecovery aims to help in the recovery of stolen bitcoin cryptocurrency. All you have to do is to send an initial request with the data about your stolen coins, and CryptoRecovery will do an assessment. You can be guaranteed of a success on the crypto they recover for you!

How to Protect Yourself Against Lost or Stolen Crypto

Now that we’ve looked at the top ways to recover your lost or stolen crypto, you’re probably asking yourself how you can protect yourself against those scenarios. First off, consider dividing your assets into “cold” and “hot” wallets. The cold wallet should store the bulk of your funds, while you use the hot wallet for everyday transactions. Always make sure to keep your private keys secure, and consider using a multi-signature wallet.

Discover how to recover lost or stolen bitcoin cryptocurrency and funds lost to binary options forex.

Note: Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.

Conclusion: Best Way to Recover Stolen or Lost Crypto

The best ways to recover your stolen or lost bitcoin and other cryptocurrency is by working with a funds recovery expert. And since there are only a very few funds recovery experts that are guaranteed to help you recover your lost funds, we recommend any of these two top assets recovery experts:

1.) Express Recovery Pro: Email – [email protected]
2.) FundsRecovery247: Email – [email protected]. Website – www.fundsrecovery247.com