Bitcoin is a form of digital currency which is based on an open source code that was created and is held electronically. Bitcoin is a decentralized form of currency, meaning that it does not belong to any form of government and is not controlled by anyone.
We understand the issue of trust and authority is one that must be addressed before our clients feel comfortable sharing sensitive financial information with us.
We are the only crypto asset recovery company with public founders who have been featured in multiple global media outlets such as the BBC, Business Insider, and VICE (you can read more about our founders Chris and Charles here).
Furthermore, digital assets vault is a registered LLC in good standing in the state of New Hampshire with a public business address.
The techniques we use to recover our clients’ accounts vary widely from case to case.
In the event of a password recovery we will walk our clients through extracting an encrypted private key backup and building a comprehensive list of possible password guesses.
We then transfer our client’s data to secure password cracking servers that use the data collected from the client to try billions or trillions of possible password combinations until the correct password is found..
We would never steal a client’s funds for any reason. We are a business based out of New Hampshire with public founders and a public business address, so if we were to steal from, or attempt to defraud our clients, it would be a simple process to report us which would quickly lead to our arrest and eventual jail time!
Furthermore, since 2021 we have received countless 5-star reviews on our third party and unbiased review platform TrustPilot which we encourage you to read here..
Unfortunately, no. When you have lost funds to a crypto scam, the odds of recovering those funds are very small to none. Practically speaking, the only strategy that has a chance of recovering your funds is to work with your local (or possibly national) law enforcement.
It’s really important at this point that you don’t get caught up in so-called “recovery scams”, where people ask you to pay up-front in exchange for them recovering your funds. The odds of any company being able to do that are extremely small.
We published an article on best practices when you have been the victim of a scam, here..
No. We will never ask our clients to divulge more information than they are comfortable sharing with us.
The process of recovering lost crypto can vary in time from as short as 1 hour, to as long as 6+ months.
While this may sound lengthy, this is because we typically exhaust our initial search within a week after initially onboarding a client. After this initial search has been exhausted, we hold on to the private key backup and password guesses to continue retesting as we discover new recovery vectors and expand our hardware capabilities (unless otherwise requested to delete client information).
The types of crypto that we support are expanding every day. At the moment we support seed phrase recovery for any type of bip-39 or erc-20 token including legacy mnemonics, 13th and 25th words.
For password recoveries, our list of currently supported accounts is:
Blockchain.com
Bitcoin Core
Multibit
Electrum
MetaMask
MyEtherWallet
Mist Ethereum Wallet
Dogechain Core
Dogechain.info.
We work on a service based fee of 20% of any funds recovered. This means that if your account ends up being empty, there is no charge to you.
Correct. It is mathematically impossible to directly hack the Bitcoin Blockchain.
However, our approach involves using the Bitcoin owner’s password guesses to “crack” their password. In combination with a private key backup (essentially an encrypted private key) this allows our clients to regain control of their funds.
If you have completely deleted your seed phrase or have thrown away a computer or phone with a private key backup on it, there is little to nothing we can do to assist you.
In certain cases (such as with Blockchain.com) we can retrieve the backup file for you and occasionally we can recover deleted files off of an old hard drive.
However, if you have lost access to a seed phrase and do not have a partial, or incorrect seed phrase recorded, there is nothing we or any other recovery company can do to assist you..
The original Bitcoin code was designed by Satoshi Nakamoto under MIT open source credentials. In 2008 Nakamoto outlined the idea behind Bitcoin in his White Paper, which scientifically described how the cryptocurrency would function. Bitcoin is the first successful digital currency designed with trust in cryptography over central authorities. Satoshi left the Bitcoin code in the hands of developers and the community in 2010. Thus far hundreds of developers have added to the core code throughout the years.
Bitcoin mining is analogous to the mining of gold, but its digital form. The process involves specialized computers solving algorithmic equations or hash functions. These problems help miners to confirm blocks of transactions held within the network. Bitcoin mining provides a reward for miners by paying out in Bitcoin in turn the miners confirm transactions on the blockchain. Miners introduce new Bitcoin into the network and also secure the system with transaction confirmation. They are also rewarded network fees for when they harvest new coin and a time when the last bitcoin is found mining will continue.
This is a yet another controversial topic. Because of the freedom and the degree of anonymity that the use of Bitcoin offers, many users who were seeking to purchase or solicit illegal goods or services initially turned to the use of Bitcoin as a method of payment.
Again, when a user decides to use a specific type of software for their Bitcoin wallet, they are deciding what direction the Bitcoin network is heading towards. In other words, you need the cooperation of nearly every single user in order to modify any aspect of the Bitcoin protocol.
Participants in Bitcoin transactions are identified by public addresses – those are the long strings of around 30 characters you see in a person’s Bitcoin address, usually starting with the numerals ‘1’ or ‘3’. For every transaction, the sending and receiving addresses are publicly-viewable.
Bitcoins can be sold locally using LocalBitcoins, on Bitcoin brokerages / exchanges, using two-way Bitcoin Teller Machines (BTM’s) or you can pay for a good or service with them. Bitcoins can be sold to just about anyone as long as they have a Bitcoin address, and can be sold for any fiat currency in the world or traded for a physical good. Feel free to check out our recommended list of exchanges and brokerage services to sell your bitcoins online.