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Crypto Wallet Passwords and How to Recover Them

The value of cryptocurrencies is evident in the financial sector as Bitcoin and Ethereum take the lead with the highest dominance level. While digital currencies are still a risky venture to many, enthusiasts believe that cryptos hold more potential as an investment tool.

Like any valuable item, cryptocurrencies need a secure wallet to safeguard them from unauthorized entities. However, even with the proper security measures, the possibility of losing the wallet’s passkeys is inevitable.

Losing your login information can be stressful and can get worse without any practical solution. As such, various platforms have come up with brilliant ideas on how to recover wallet passwords along with the funds inside.

Key Terms

Before diving into the platforms that offer recovery services, one must understand some key terms associated with your crypto wallet.

Private Keys

Private keys are cryptographic innovations that enable users to access their wallets. They mainly consist of alphanumeric characters designed to work as passwords that guard a trader’s investments.

Since it is a password, users must maintain ultimate secrecy and manage their funds independently without any malicious third party. To maintain their safety, users store their private keys in an online wallet or a hardware wallet (cold storage) away from the internet.

Seed Phrase

Once users set up their digital wallet, they must formulate a mnemonic seed phrase of 12-24 characters. Seed phrases come in as a backup when a user forgets a private key or damages/loses the device holding the wallet. Therefore, the phrases add another layer of security by creating a direct link to private keys.

Open-Source Recovery Services Might Help


BTCRecover is an open-source software for retrieving lost passwords and seed phrases. Installing the software is easy as a basic procedure is displayed to run it on Windows, Linux, and macOS operating systems. Under the seed phrase recovery lies the seedrecover.py tool, capable of retrieving seeds with minimal errors. To run the tool, users need a nearly approximate seed phrase, a master public key, and a copy of the Electrum (1.x or 2.x) wallet file.

The phrase recovery procedure starts by changing the seedrecover.py file to seed recover. Command and then double-click the option. From here, users select the run-in terminal option and answer several short questions.

Btcrecover.py, on the other hand, is a password retrieval tool dealing with wallets such as Multibit (both Classic and HD), mSIGNA (CoinVault), Bitcoin Core, and many more. The password recovery instrument caters to different issues depending on how users want their password back.

For instance, the tool serves users who hope to generate a password with various combinations using the tiny bit he/she recalls. Simultaneously, the software sorts out users with a typo mistake and those who are sure of their password but still plan to test various passkey versions.

When running different password trials on btcrecover.py, it is advisable to set up the autosave option from the beginning of the process. Any interruption can take you back to the start hence losing all progress made. Setting up the autosave option allows the tool to save every step within five minutes.


While recovering a wallet password cannot be entirely successful, platforms have boldly come forward to try and salvage the user’s investments. With high-performance algorithms and programs, wallet owners can finally get a hold of their digital currencies.

Seed phrases are also integral to recovering your private key information, so it is advisable to note it down in a retrievable offline location. However, even without the seed phrase or passkey information, there still lies a chance of recovering a wallet, particularly for those with partial information on the password.

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More importantly, having a backup of your password and seed phrase details can go a long way to avoid strenuous recovery procedures.

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