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Crypto Wallets / Re: If a cryptocurrency user forgets his password, what happens to his wallet?
« on: April 28, 2024, 09:18:21 PM »- I'm the one who's experienced it several times that I've forgotten the password on a centralized platform, and usually when this happens to me it's the usual thing that the exchange does is they will disable my withdrawal or restrict my account with them within 24 hrs before it resume again.Well, at least you got access to your funds. And the fact that they block withdrawals is often done for security reasons. And in the case where you need a seed phrase, it's much more complicated. Because it is not possible to restore access via e-mail/phone number, etc.
For others, they do the same thing. And as for metamask, you really need not to forget the seed because if you lose it, there is no chance of recovering that account wallet for sure.
P.S. Therefore, absolutely everyone should be careful and write down all information that is related to personal funds. There is not always technical support, and it is much easier to lose access.