More than 4 million 200 thousand Bitcoins were lost forever. This amount, held in wallets that have been dormant for more than 7 years, corresponds to 21 percent of the Bitcoin supply in circulation. It is assumed that the majority of these Bitcoins, worth approximately $300 billion, cannot be accessed due to forgotten or somehow lost passwords. The table in the middle shows the importance of storing cryptocurrencies safely.
On the other hand, the difficulty of using existing cryptocurrency wallets and the risk of losing passwords are seen as one of the obstacles to wider acceptance of cryptocurrencies. On the one hand, storage solutions are developing day by day. The custody service offered by Garanti BBVA Kripto, a subsidiary of Garanti BBVA, one of Turkey's largest banks, is among the most important examples of this.
The risk of losing your password is reset
Garanti BBVA Crypto makes it easier to store digital assets. The platform protects the password on behalf of the user and offers the opportunity to access assets securely via a simple mobile application. In addition, the problem of forgetting the password that users encounter in wallet applications is eliminated with the "know your customer" process in Garanti BBVA Crypto. In such a case, it is possible to access the wallet with a quick authentication.
Providing live customer support 24 hours a day, 7 days a week, Garanti BBVA Crypto ensures the security of wallets; It provides advanced security measures such as multi-signature system, real-time crypto asset auditing, internal and external security tests and penetration tests. The wallet service currently supports Bitcoin, Ethereum, AVAX and USD Coin. It is aimed to increase the number of supported assets in the future.
-Uzmancoin
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