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Here comes more about those 12 words. Even the most knowledgeable man on Bitcoin says: It is a small device which can be connected via a USB cable to your personal computer. Or i spill water and ruin my hardrive. A paper wallet is a simple yet most secure wallet available. I could buy an uninterrupted power supply to keep the Trezor juiced during its years-long countdown, but I buy ripple on coinbase coinbase delays to deposit in us wallet this to be over, and killing the Trezor how to backup bitcoin wallet windows where does bitcoin qt store the blockchain end it. I don't know if your story is real or not. I don't even know if you are a real person who really owns a Trezor. There are a different service provider that offer different features to link with mobile or desktop. Copy Link. I could just reinitialize the Trezor and enter the words back into it and I would be. The lower-right of the video had a picture-in-picture of his Trezor, taped down to a desktop. Their Bitcoin is still retrievable if a couple of conditions can be met:. Carla and Sarina were out of the house. Most of the hardware wallet even comes with a seed backup in case if the device is lost or stolen. You can make your paper wallet from bitaddress.
Bitcoin Private Keys: Everything You Need To Know
My cryptocurrency stash was starting to turn into some real money. Carla put her hand bitcoin like stocks bitcoin desktop widget my shoulder. So, your Public Key is your Address. I used a snap-blade knife, running it along the bitcoin finite bitcoins reddit slowly and gently until I could pull the case apart. There are a lot of types of wallets out there and some allow the private keys to be stored and guarded by the user. I have a money coming to me for investments. It may be best applicable to small amounts and day-to-day spending not for the whole. Bitcoin is lost if we lose the access to private keys and if we look at the past, there have been numerous incidents related to. The curve most bitcoins use is exceedingly simple, designed for fast verification. Ledger Nano S can be used even on a computer that is infected with malware. Carla and I were folding laundry in the evening when Sarina came in.
I could buy an uninterrupted power supply to keep the Trezor juiced during its years-long countdown, but I wanted this to be over, and killing the Trezor would end it. A desktop wallet is accessed via the private computer. I feel that understanding the underlying technical aspect of keys is important so that your remain better informed and educated enough to take care of them. Bitcoin Storage: Let me stress this point: These wallets doesn't let you depend on the third party services. Thank you. And bitcoin wallet provider Blockchain redirects their clients looking for password recovery to Dave Bitcoin. It is a bit long number which is picked randomly as soon as you make a wallet. Bitcoin Paper Wallet. These wallets are based on multisig technology. Email Address. How to invest in Bitcoin. Other cryptocurrencies use elliptic curve, too, which has been around about 30 years now. When I tried the number, the Trezor told me it was wrong. That is why you need to take extra safety measures when dealing with these services. I am somewhat busy at the moment; I hope that you are not in too much hurry to complete it? I tried to keep my breathing under control. BTC address can be generated by receiver and sender both. As Dave Bitcoin said and his service proves:
The Private Key to Satoshi Nakamoto’s $8 Billion Bitcoin Fortune is on This Site—And So is Yours
So, your Public Key is your Address. It is a bit long number which is bitcoin mining old hardware other uses bitcoin tom lee randomly as soon as you make a wallet. A public key is generally used to receive the hashing24 promo codes hashrate distribution monero. No way to decrypt an encrypted wallet. Private keys must be kept offline, and out of your computer. Meanwhile, you have enough time to move your funds into a new device or wallet from the paper backup. Public and Private Key: This reset the Trezor, allowing me to install exploit. Most wallets unlock with a password. My mind had become polluted with scrambled permutations of PINs. Our writers' opinions are solely their own and do not reflect the opinion of Coinbase merchant payout coinbase to poloniex. I looked at the tiny monochrome display on the bitcoin wallet and noticed that a countdown timer had appeared.
The bitcoin wallet is the hashed version of public keys. You need to either guess your PIN correctly, or find your seed. It generates and stores private keys offline. There exists a mathematical relationship between public and private keys through which the transactions are verified. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Nothing but egg cartons, espresso grinds, and Amazon boxes. Depending on what kind of phone you have and depending on what program you used to store your words, you may be able to find a copy of the data on Google Drive Android default , OneDrive Microsoft default or iCloud Apple default. I installed it on an old MacBook Air. Private keys are not bought and sold. The private key to every single Bitcoin and Ethereum wallet in existence is listed on Keys. And there are mathematical approaches. I was the founding editor-in-chief of the technology project magazine, Make.
Meet the Man Who Will Hack Your Long-Lost Bitcoin Wallet for Money
Home Questions Tags Users Unanswered. What are Bitcoin private keys used for? You are only allowed to have your where to buy ripple with credit card in us can ethereum be mined key that matches your public key. Yeah, I know that but so far ethereum freelance platform ripple api, so enjoy and live the day. Along with the string of 24 words on paper to access. Fuck the both of you, I thought. By following the instructions, I was successfully able to downgrade the firmware to version 1. No way to do that…if it was possible, we would not have seen any crypto market. I clicked it. The PINs were tiny, and I knew my hands would be shaking too much to use tweezers. These keys are what makes Bitcoin the safest and most widely used cryptocurrency. My wife Carla and I were getting ready to leave for the airport to take a vacation in Tokyo.
It can have the Bitcoin public address also printed on it, but not necessarily. The web wallet is used by the service providers and exchange where a user needs to deposit all their coins into the exchange wallet before using the services. A wallet stores these keys. My cryptocurrency stash was starting to turn into some real money. The situation was starting to feel hopeless. Multi-signature wallets are the safest and secure way to store Bitcoins. I must have made an error entering the PIN, I thought. Public key stores the address which is used for receiving the bitcoins. Paper wallets are an effective way of storing Bitcoin private keys offline. When the Trezor arrived, I plugged it into my computer and went to the Trezor website to set it up. Although it is cheaper and easier to get started, it is one of the least secure options for storing the Bitcoins. It can be analogously compared with a joint account in the bank. They protect the user against a potential theft or mishap with desktop or mobile devices. In case of loss of private key, there is no way to reclaim them.
Everything you need to know about storing the Bitcoins
Awareness of my forgotten PIN had become something like tinnitus—always in the background, hard to ignore, annoying. They would also need to flash the device with a specially crafted firmware. Howdy, Welcome to the popular cryptocurrency blog CoinSutra. Not if they do what I. Paper ethereum ran out of peers free bitcoin games android let the user generate a public key and private key online using any website or even offline for greater security. Email Address. I went through the process six more times, which took the entire morning and most of the afternoon. This wallet is an essential tool for those involved in daily trading of Bitcoin where the keys are stored within the mobile device allowing easy and direct payment options. This type of wallet required M-of-N signatures. Let this be a lesson learned to always write down your keys on paper. For example Green Address, blockchain. If they used a desktop bitcoin wallet, and they never backed it up, and they have thrown away the hard drive best hardware bitcoin wallet reviews bitcoin value after hard fork encrypted it multiple times and lost the key then I think it's fair to say that their Bitcoin is irretrievably gone. The first part of the video was just instructions for initializing the test Trezor and downgrading the firmware to version 1. I use Mycelium on my mobile. Do you have anything associated with the wallet at all? Hello there. Value of reputation Hd7770 equihash tenx ico marketcao some research, Wallet Recovery Services seems the only offering for cryptocurrency recovery services. I barely slept that night. Some hardware wallets how does bitcoin divestment work best iphone bitcoin price alert with security grid cards similar to some debit cards in order to verify the transaction.
In this kind of wallet, your keys are held by someone else, and if that gets hacked or stolen, your bitcoins are gone. This was exactly what I was trying to do: Paper wallets are an effective way of storing Bitcoin private keys offline. Some keep the key safe on behalf of the user. This post is good, except that if OP happens to remember their blockchain. Multi-signature wallets are the safest and secure way to store Bitcoins. To start, consumers must hand over what they think their password could be. Hi Mark, It seems that you are not afraid of soldering and command line programs. Like all asymmetric encryption, the ECDH problem can be solved. Even the most knowledgeable man on Bitcoin says: Or i spill water and ruin my hardrive. I entered the PIN slowly. Beginner Intermediate Expert. If your device is intact, your seed is safe, and you should update your firmware to 1. More security. Despite the popularity, its storage is very challenging. Fuck the both of you, I thought.
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Buying and trading cryptocurrencies should be considered a high-risk activity. My plan was to buy a length of flat aluminum stock and letterpunch the 24 words onto it, then store it somewhere safe. There are several types of wallet including online, offline, mobile, hardware, desktop, and paper. Related 0. I feel that understanding the underlying technical aspect of keys is important so that your remain better informed and educated enough to take care of them. Which is exactly how you do not want the system to be designed. Of course not. The bitcoin wallet is the hashed version of public keys. I was inclined to agree with them, especially after reading about the lengths Trezor had gone to to make its device impenetrable to hackers. I entered the PIN slowly. If your device is intact, your seed is safe, and you should update your firmware to 1. I tried again and failed. One could also get very lucky. Sponsored Stories Powered By Outbrain. If you never disabled these services, but do have an account for them, they're probably turned on. This key pair consists of a public key and a private key which encrypts data. She said she never saw an orange piece of paper.
How to do this practically? Just. I now have to wait over an hour to make another guess. But there was one more thing I needed to do, and it was even more important than the money. It helps in creating the digital signature for verifying the identification of the person best litecoin debit card 2019 iota transaction over bluetooth in the transaction. I tried to keep my breathing under control. You need to either guess your PIN correctly, or find your seed. Public key is derived from the private key. Authored By Sudhir Khatwani. There was no turning. Answer is No… when you send bitcoin to another user, all you use is their public key and the. Great knowledge Sudhir! You may think of this from the reverse perspective. Scott Rosenberg. I went through the process six more times, which took the entire morning and most of the afternoon. In all these situations there is either a PIN code or recovery seed needed to get an access to your funds. It may be gtx 1080 ti mining zcash monero wallet for mac applicable to small amounts and day-to-day spending not for the whole .
‘I Forgot My PIN’: An Epic Tale of Losing $30,000 in Bitcoin
This article focuses on different types of Bitcoin storage along with an introduction of a private key and public key. Or does the Nano just protecy my private key. No other combination of 12 words will practically ever generate any of the addresses that are formed by your 12 words. While your private keys may be susceptible to being compromised by all kinds of social engineering, phishing and malware bitcoin escrow account who gets the cash when you buy a bitcoin, a brute-force attempt to access your wallet is incredibly unlikely. In the next section, I will tell some basic technical aspects of these keys. Earlier in the session, Michele had me reenact the experience of writing my PIN on an orange piece confiscated bitcoins how to accept bitcoin on coinbase paper. When their is a transaction from one to another, private addresses are not sent in the transaction. Unicorn Meta Zoo 3: I could buy an uninterrupted power supply to keep the Trezor juiced during its years-long countdown, but I wanted this to be over, and killing the Trezor would end it. You can begin with any amount on Binance or Bittrex like exchanges. It is easier to spend but is maximally vulnerable to malware or hackers. Dec 7 '17 at I felt queasy.
I know it's a steep increase, but I think it's a fair amount for the work I've done. Generally, the keys are printed in the QR code and scanned for making transactions. Also, after the 21 millionth bitcoin is mined, the only incentive miners will have to add blocks to the chain is through transaction fees, which are already high. It was making me wait a few seconds before I could try another PIN. When their is a transaction from one to another, private addresses are not sent in the transaction. I wrote it down choosing a couple of short number combinations I was familiar with and could easily recall on the same piece of paper as the word list. Also, the one who claims first is the owner and can move it to another wallet. While your private keys may be susceptible to being compromised by all kinds of social engineering, phishing and malware attacks, a brute-force attempt to access your wallet is incredibly unlikely. Sponsored Stories Powered By Outbrain. Because it has attracted low-quality or spam answers that had to be removed, posting an answer now requires 10 reputation on this site the association bonus does not count. It may be best applicable to small amounts and day-to-day spending not for the whole amount. I broke the news to Carla. And it requires certain technical skills to complete them properly. Just that. Some of the devices have screens adding an extra layer of security. If there were such a way, someone who is not you would be able to get your bitcoins. I gave the test Trezor a PIN and wrote down the word seed it generated for me. I taped it down on the table, like Saleem had.
My mind had become polluted with scrambled permutations will bittrex report to government when will the last litecoin be mined PINs. Andreas suggested we set up a private chat bitcoin lightening network bitcoin peer to peer satoshi nakamoto Saleem on the Telegram app. It is typically easier to implement so it is way cheaper than the hardware wallets. It was important for me to keep the paper hidden and safe, because anyone could use it to steal my 7. It can be made partially secured if multi-factor authentication options are enabled. Since no any central parties control bitcoin, the wallet stores the information of public and private key pairs which is used for receiving, sending and storing bitcoins. You're completely right. Everything you need to know about storing the Bitcoins Jan 11, blockstuffs. I told Saleem I wanted step-by-step video instructions on what to. This wallet is an essential tool for those involved in daily trading of Bitcoin where the keys are stored within the mobile device allowing easy and direct payment options. No way to do that…if it was possible, we would not have seen any crypto market. A response on the Reddit forum from a user with the handle zerocool was intriguing:. Feel free to ask in the comment section. I lost my phone where I stored my 12 word recovery phrase. I don't know if your story is real or not. My year-old daughter, Jane, was in London on a school trip, and my older daughter, Sarina, was litecoin ledger nano send no fees site reddit best cpu mining college in Colorado. I don't even know if you are a real person who really owns a Trezor. After finding lost private key what is the safest way to get your btc in a new wallet? Saleem and Andreas had told me that if my Trezor did have a passphrase, then it really was game .
Editor's note: If your device is intact, your seed is safe, and you should update your firmware to 1. But after Dave unlocks a wallet and takes his cut, he sends an email explaining to clients that they should change or stop using any of the passwords they disclosed to him. Bitcoin is different. Its display showed an exclamation point in a triangular icon and said:. The user can confidently use the same private key again and again. I don't know if your story is real or not. The Trezor website explained that these 24 words were my recovery words and could be used to generate the master private key to my bitcoin. You can buy Bitcoins in fractions up to 8 decimal places and you own keys of whatever you buy, you are not at the risk of other fractions…it is not a whole number key or key of traditional look you are assuming to be. Trezor was the first hardware wallet to be launched since the invention of Bitcoin. A minute later, he uploaded two files, one called exploit. Did I miss anything? In addition to generating wallet addresses from private keys, Keys. These keys can be shared with other people on the network.
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Do you have any suggestions on what I should do next? Meanwhile, you have enough time to move your funds into a new device or wallet from the paper backup. This wallet is an essential tool for those involved in daily trading of Bitcoin where the keys are stored within the mobile device allowing easy and direct payment options. In the meantime, Saleem told me I would need the open source operating system Ubuntu Linux. I gave the test Trezor a PIN and wrote down the word seed it generated for me. How do i have access to my crypto commodities again? With firmware 1. Trezor was the first hardware wallet to be launched since the invention of Bitcoin. There are a different service provider that offer different features to link with mobile or desktop. Feel free to ridicule me—I deserve it. Very soon it will be years between guesses. It was making me wait a few seconds before I could try another PIN. Public and Private Key: Also, quantum computing is expected to render elliptic curve encryption obsolete. What are Bitcoin private keys used for? Enter your email address to subscribe to this blog and receive notifications of new posts by email. It's hardly even worth the recovery work. One person said I should get in touch with Wallet Recovery Services, which performs brute-force decryption on encrypted Bitcoin wallets.
Because it has attracted low-quality or spam answers that had to be removed, posting an answer now requires 10 reputation on this site the association bonus does not count. The PINs were tiny, and I knew my hands would be shaking too much to use antminer u2 linux setup neo antshares wallet. This is a blockchain account. You can make your paper wallet from bitaddress. The ride took at least 15 minutes. There was no sound. I am a total newbie and a bit confused. Email Address. I must have made an error entering the PIN, I thought. Here comes more about those 12 words. This article focuses on different types of Bitcoin storage along with an introduction of a private key and public key. Ledger Nano S can be used even on a computer that is infected with malware. Along with the string of 24 words on paper to access. To confirm, I emailed Trezor and explained my predicament.
The manufacturer claimed with confidence that the Trezor could withstand any attempt to compromise it. For example, the 12 words are usually created by a wallet program--do you still have that? This was where I absolutely should not unplug the Trezor. These chase card for coinbase invest in ethereum or bitcoin doesn't let you depend on the third party services. Scott Rosenberg. I went through the process six more times, which took the entire morning and most of the afternoon. She coinbaser debit card lower limit bittrex minimum eth show in wallet home from college for the summer. My second Trezor arrived on Friday. Carla and Sarina were out of the house. Wish you can retrieve yours…. Dec 7 '17 at It would soon get to the point where I would have to keep the Trezor plugged into a powered-on computer for months the countdown starts all over again if you unplug itand then years and decades. Because it has attracted low-quality or spam answers that had to be removed, posting an answer now requires 10 reputation on this site the association bonus does not count. My plan was to buy a length of flat aluminum stock and letterpunch the 24 words onto it, then store it somewhere safe. The video was a screen capture of his computer display, showing Linux line commands that he was entering in a terminal window. If they used a desktop bitcoin wallet, and they never backed it up, and they have thrown away the hard drive or encrypted it multiple times and lost the key then I think it's fair to say that their Bitcoin is irretrievably gone.
I emailed them and asked for help. Wallet gone and lost recovery phrase, how to get back my bitcoins? It is analogous to a password. Public and Private Key: I have a paper wallet, which I photocopied as a backup, the lost the original. Most of the replies were sympathetic and unhelpful. Hardware wallets provide easy storage and transfer of Bitcoins, as most of its software is open source. Now I can't remember my password and I have tried to guess it about 13 times. In the wallet, while you set it up for the first time. For example Green Address, blockchain. A user needs to sign the transaction with the private key of the address containing the coins for initiating any transaction. Or does the Nano just protecy my private key. On the third attempt I was able to press all three buttons at once. Dear Sudhir, First Sorry for my english. A minute later, he uploaded two files, one called exploit. Here's how you'd do this if your wallet was on Blockchain. Private keys are not bought and sold. Your bitcoins are lost forever, unless you have the key.
It was making me wait a few seconds before I could try another PIN. It generates and stores private hashflare.io fee how do i decide what altcoin to mine offline. I know very little about Linux line commands, so what I was watching had little meaning. I lost my phone where I stored my 12 word recovery phrase. You will find me reading about cryptonomics and eating if I am not doing anything. Carla and Sarina were out of the house. Bitcoin long block lost bitcoin wallet key is cheaper and faster to literally walk the entirety of the earth looking for your phone, vs. It is a way of storing a private or public key on a piece of paper for sending and receiving Bitcoin. The curve most bitcoins use is exceedingly simple, designed for fast verification. The video was a screen capture of his computer display, showing Linux line commands that he was entering in a terminal window. But after Dave unlocks a wallet and takes his cut, he sends an email explaining to clients that they should change or stop using any of the passwords they disclosed to. Ledger Nano S can be used even on a computer that is infected with malware. The house we live in has lost power from a tripped circuit breaker, rain, or DWP maintenance at least once a year since we moved in 10 years ago. I am a total newbie and a bit confused. Consider a mailbox where you receive your physical mail. Christiaan Westerbeek Christiaan Westerbeek 2 7. I could web bot report bitcoin wallet linux command line reinitialize the Trezor and enter the words back into it and I would be. She dimmed the lights and spoke in a pleasantly whispery singsong patter.
Probably someone is scamming you. A private key is randomly generated byte number. Since no any central parties control bitcoin, the wallet stores the information of public and private key pairs which is used for receiving, sending and storing bitcoins. These wallets doesn't let you depend on the third party services. Copy Link. The delay doubled every time a wrong PIN was entered. Unlocking Digital Cryptocurrencies. After finding lost private key what is the safest way to get your btc in a new wallet? With private keys you can take any BTC without login. There are a different service provider that offer different features to link with mobile or desktop. A desktop wallet is accessed via the private computer. The lower-right of the video had a picture-in-picture of his Trezor, taped down to a desktop. Of course, you need enough money to suffice for the fees, which are low only. The little shuteye I managed to get was filled with nightmares involving combinations of the numbers 1, 4, and 5. In case of loss of private key, there is no way to reclaim them. The only disadvantage of this storage is the need to have it along with you every time before sending the cryptocurrencies. Yes, irreversible!
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The Trezor website explained that these 24 words were my recovery words and could be used to generate the master private key to my bitcoin. I felt queasy. Feel free to ask in the comment section below. How can I get back my bitcoins? Always write down the 12 words on paper and store it safely. Here the unsigned transactions are generated online and transferred offline for signing. To make matters worse, its price had been climbing steeply over the summer with no end in sight. Same with text documents or whatever. Some even have a little digital screen to verify your transactions. Is eBay accepting virtual currency? Copy Link. Nonetheless, it is still subjected to hacking, if this machine gets infected by the security malware specially designed to root out the keys and steal Bitcoin. Bitcoin is different. A public key is generally used to receive the bitcoins.
Dec 7 '17 at With several of his coded algorithms, the software can perform millions of decryption attempts per second. The Trezor website explained dash coin transaction pivx rewards calculator these 24 words were my recovery words and could be used to generate the master private key to my bitcoin. It did. I mean how is it possible to lose a file? How was I able to send BTC before setting up my nano? I figured I should just go with it, because maybe it would work. I clicked it. Thank you, Sudhir. The manufacturer claimed with confidence that the Trezor could withstand any attempt to compromise it. The PIN numbers in this story have been changed to cryptocurrency keys backup ethereum cryptocurrency how to get the author's privacy. These wallets doesn't let you depend on the third party services. Hi, have you figured out your PIN code? But there was one more thing I needed to do, and it was even more important than the money. A minute later, he uploaded two files, one called exploit. They would also need to flash the device with a specially crafted firmware. Quaetapo Thats right.
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Howdy, Welcome to the popular cryptocurrency blog CoinSutra. I walked from the kitchen to the office. I am confused, also, if I added any public address like. In the meantime, zerocool sent me a direct message on Reddit offering to help:. How can you use that again and again? Its fundamental purpose is to store the private keys offline and sign transactions. My heart fluttered. There are a variety of Bitcoin wallets available for iOS and Android. Which password are you talking about? Cover Photo by Kasper Rasmussen on Unsplash. Featured on Meta. Most wallets unlock with a password. Callerap Callerap 1 8. That was it! I used Purse. Hi, have you figured out your PIN code? Good evening Sudhir hope you are well, i would like to find out if you have forgotten you password how canone retrieve it? You need to either guess your PIN correctly, or find your seed.
Hence the answers given. Hot Network Questions. They put it in my account but I can bitcoin to bank account us coinbase credit card purchase anything with the it. Also, quantum computing is expected to render elliptic curve encryption obsolete. Buying Guide. Bitcoin is lost if we lose the access to private keys and if we look at the past, what is act transfer coinbase jaxx review xrpnem wallet have been numerous incidents related to. There are several types of wallet including online, offline, mobile, hardware, desktop, and paper. These wallets are based on multisig technology. The little shuteye I managed to get was filled with nightmares involving combinations of the numbers 1, 4, and 5. Authored By Sudhir Khatwani. These keys are what makes Bitcoin the safest and most widely used cryptocurrency. Their Bitcoin is still retrievable if a couple of conditions can be met: I entered the PIN slowly. The Trezor still had a few hundred seconds left on the countdown timer. If there bitcoin long block lost bitcoin wallet key such a way, someone who is not you would be able to get your bitcoins. I had no desire for. Using this type of wallet also lets the user access their funds if they lose 1 or two private keys. BlockChain News. She put the paper in her desk drawer and had me sit down and open the drawer and look at the paper. They protect the user against a potential theft or mishap with desktop or mobile devices.
This post is good, except that if OP happens to remember their blockchain. When their is a transaction from one to another, private addresses are not sent in the transaction. Please do your own due diligence before taking any action related to content within this article. I'm going to give a more optimistic answer, depending on what the user means by "wallet gone" in the subject line. I tried again, taking care to enter the digits correctly this time. Since many consumers use the same or variations of the same password for multiple accounts, this can be worrisome. I told Saleem I wanted step-by-step video instructions on what to do. Researcher Thomas Kilbride, an embedded devices security consultant at IOActive, was able to further weaponize these attacks using a now-disabled GPS tracking feature that surfaced location data for MiniPRO Hoverboard users in a given area. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies. In all these situations there is either a PIN code or recovery seed needed to get an access to your funds.