Questions tagged [goes out of business]

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DigitalDynastyQueen DigitalDynastyQueen Thu Jan 02 2025 | 5 answers 1156

What if Exodus goes out of business?

I'm concerned about the possibility of Exodus going out of business. What would happen to my funds or the services they provide if they were to shut down? Would I still be able to access my crypto assets?

What if Exodus goes out of business?
Nicolo Nicolo Fri Nov 29 2024 | 7 answers 1528

What if Coinbase goes out of business?

I'm concerned about the possibility of Coinbase going out of business. What would happen to my funds and assets if that occurs? Would I still be able to access them, or would they be lost forever?

What if Coinbase goes out of business?
Chiara Chiara Sun Nov 03 2024 | 7 answers 1684

What happens if a crypto wallet goes out of business?

I'm concerned about the security of my crypto assets. Specifically, I want to know what would happen to my funds if the crypto wallet company I'm using suddenly goes out of business or shuts down.

What happens if a crypto wallet goes out of business?
Michele Michele Fri Oct 11 2024 | 5 answers 1114

What happens if Trezor goes out of business?

I'm concerned about the future of my crypto assets stored in my Trezor wallet. Specifically, I want to know what would happen to my funds in case Trezor, as a company, goes out of business.

What happens if Trezor goes out of business?
Lorenzo Lorenzo Mon Oct 07 2024 | 7 answers 1693

What if Trezor goes out of business?

It's a valid concern for anyone invested in cryptocurrency hardware wallets like Trezor. After all, hardware wallets are designed to keep your digital assets SAFE and secure, so what happens if the company behind them suddenly disappears? Here are a few things to consider: Firstly, it's important to remember that your cryptocurrency is not stored on the Trezor device itself, but rather on the blockchain. The Trezor simply acts as a secure way to access and manage your funds. So, even if Trezor were to cease operations, your cryptocurrency would still be safe on the blockchain. Secondly, Trezor has taken steps to ensure that their users will still be able to access their funds even if the company goes out of business. For example, they have released open-source software and firmware updates that allow users to continue using their devices even if Trezor's servers are no longer available. Lastly, it's always a good idea to have a backup plan in place. This could include storing your private keys in a secure location, such as a paper wallet or a trusted hardware wallet from a different manufacturer. This way, you'll always have a way to access your funds, even if the worst should happen to Trezor. So, while it's certainly a concern to consider, there are steps you can take to protect your investments and ensure that your cryptocurrency remains safe and secure, even if Trezor were to go out of business.

What if Trezor goes out of business?

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