How to Recover Your Bitcoin Wallet after a Hard Drive Crash
The same way we lose or damage our physical wallet of cash, bitcoin wallets can too be lost due to hard drive damage, crash or failure. Luckily, unlike where we cannot trace or locate a physical wallet, secure and safe data recovery methods has enabled several users to recover their lost or damaged bitcoin wallet. The storage devices of cryptocurrency are available in several forms, and they differ depending on the device. Bitcoin wallets keep private keys to unlock an address and enable the user to spend a personal supply of cryptocurrency. Some people misinterpret that the wallet is primarily saved on the hard drive. However, it is the private key or pin that unlocks the cryptocurrency that needs to be recovered in the event of a hard drive crash.
To a standard user, it may seem impractical retrieving data from a crashed hard drive. Some people say that it is possible to lose all data after a hard disk failure. Fortunately, thanks to growth in Information Technology as the IT experts have derived ways of recovering data from damaged hard disks. The method used to retrieve data depends on what aspect made the drive to spoil. More so, there are specific things that should never be tried when performing data retrieval from a hard disk.
For one to recover a lost bitcoin wallet, one will have to find a file named wallet.dat. The file may have another name like multbit.wallet depending on the service provider you are using. Different service providers use different naming techniques. If you face difficulties locating this file, you can try legit and verified recovery software. Else, consider the services of professionals. It is essential to conduct a forensic data recovery, and it will help you get your lost cryptocurrency data back. Besides, professional data recovery may be expensive due to the skilled knowledge, extensive time and the sophisticated technology utilized. However, it is worth investing in recovery mechanism rather than losing the money contained in a bitcoin wallet. It is important to take caution when performing the recovery using the do-it-yourself methods because a user may additionally damage the hard drive and make a recovery an uphill task. A partial retrieval of data is fundamentally crucial than losing everything. However, a partial retrieval of wallet file is valueless. Therefore, seek expertise if you don’t have the know-how on how to recover data from a spoilt hard drive.
After fully retrieving the bitcoin wallet, ensure that you don’t lose it yet again. It is vital to consider upgrading the storage system to (NAS) Network Attached Storage with (Redundant Array of Independent Disks) RAID. The price of this minor update is insignificant in comparison with the forensic data recovery techniques. Also, one may consider backing up the bitcoin wallet data with the cloud services. The backups may also be stored on a USB drive to ensure the bitcoin wallet is kept in at least two locations.