The Lost Coins

How Much Bitcoin is Lost?

Although this might be surprising, about 20% of all mined Bitcoin has been lost by its holders. That translates to approximately 3,720,000 Bitcoins or $119,040,000,000 USD (that’s $119 Billion). In other words, it’s a lot of money. But if Bitcoin isn’t something you can physically hold, how could that many coins just … disappear?

How Does Bitcoin Go Missing?

This “loss” of cryptocurrency usually occurs in one way. To provide some context, you should be aware of cryptocurrency wallets. Put very simply, you can create a digital wallet to store your Bitcoin. Cryptocurrency wallets are each unique, with their own personal addresses. Private keys and recovery phrases further protect most wallets.

Can Lost Bitcoin Be Retrieved?

You might be wondering if there is any way to recover these coins. When you live in a world of fiat currency, you often grow used to having insurance, or being able to recover money that is stolen from you or misplaced somehow in the system. With Bitcoin, this isn’t the case.

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Coin Cloud

Coin Cloud

The world’s leading operator of two-way Digital Currency Machines (DCMs), more advanced Bitcoin ATMs.