Bitcoins are in hot demand across the globe, and I will not be surprise on the increase number of cryptocurrency wallets that are being attack from unknown source on daily basis so it is important to use all necessary means to protect your wallet. In between 24 hours, we noticed an average of 240 million dollars worth of bitcoins that is traded across the globe.
That is the more reason, I come with this little tutorial of how you can go about, securing your bitcoin wallet against theft. A lot of securities measures have been put in place by blockchain to secure your wallet against unauthorized access as well as to grant you access to your account in event that you forget your wallet password, wallet ID, the email linked to your wallet, lose the phone number that linked your account or your Google authenticator (2FA).
Setting up the backup security phrase is highly recommended when signing up for a bitcoin wallet at blockchain, as it will be required during a recovery process. The backup security phrase is made up of twelve words each assigned a number. You are to write down the words on a sheet of paper and keep it safe. If you cannot access your account as a result of any of the reasons listed above, please follow the procedures I have made available for you below:
Step 1 Click on view options just below the “sign in” button on blockchain.info
Locate your wallet words
To restore your wallet and recover your bitcoin, you must have your wallet words.
With your wallet words, you can recover your bitcoin. You must keep your wallet words safe, because anyone who knows your wallet words can steal your bitcoin.
Step 3 Enter the twelve words that make up your recovery phrase (this is why it is necessary you set up when signing up for a bitcoin wallet.).
Step 4 Enter your email and set new wallet password.
If you don’t have a backup but you do have your wallet words then you will be able to recover your bitcoin and any transactions present on the block chain. However, without a wallet backup, you will not be able to restore all the extra information such as contacts, notes, payment history, currencies and exchange rates.