If you lose access to a non-custodial wallet but have the seed phrase, you can restore it by importing the wallet and setting a new password. Custodial wallets can often be recovered through email resets and identity verification. However, losing both the password and seed phrase for a non-custodial wallet usually results in permanent loss. Be cautious of recovery scams; legitimate services do not charge upfront fees and provide clear documentation. As of early 2025, millions of Bitcoin are permanently lost, with significant losses reported due to investment fraud, particularly affecting individuals over 60. If you’ve lost your seed phrase or wallet password, don’t panic; there are legitimate recovery methods. Identify the type of wallet you have—custodial or non-custodial—as this affects recovery options. For custodial wallets, follow the exchange’s password recovery process. For non-custodial wallets, if you have the seed phrase, you can restore access. Always keep your seed phrase secure and consider using recovery tools cautiously. Read more AI-generated news on: https://app.chaingpt.org/news

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