The post Lost Crypto: How Much Cryptocurrency is Inaccessible Due to Forgotten Wallets? appeared first on Coinpedia Fintech News
Cryptocurrencies like Bitcoin are known for their decentralised nature and the responsibility of managing personal wallets. However, with this responsibility comes a significant risk: losing access to your funds if private keys or wallet credentials are lost. Over the years, billions of dollars worth of crypto assets have become inaccessible due to lost wallets, forgotten passwords, or destroyed hardware. The team at Coinsdrom, a regulated online crypto exchange, has analysed the extent of this issue, highlighting the importance of being mindful of wallet security.
How Much Cryptocurrency Is Lost?
Bitcoin (BTC), as the largest cryptocurrency, has a notable portion of its total supply locked in wallets that are no longer accessible. Based on estimates, about 3 to 4 million BTC—approximately 14% to 20% of the total supply—could be lost forever.
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