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Losing a phone or physical wallet may cause you trouble, but it couldn’t be lethal. Recovering your coins is simple if you’ve backed up your private key and 12-word phrases. However, if you ever find yourself in this situation, there are a few things you should know before reaching for your bitcoin account recovery phrase.
As long as you have written your 12-word bitcoin account recovery phrase which was shown when you first created your Bitcoin Wallet. You can always be able to restore your old/lost wallets by using that 12-word. You would need to restore all your BTC, Ethereum, Litecoin, etc., wallets separately unless you created from the one backup phrase.
If you are unfortunate enough that you lost your 12-word bitcoin account recovery backup phrase, you won’t be able to recover your wallet or funds if something goes wrong with the device where the wallet is installed. We can’t restore your wallet because wallets have no control over your private keys or any transactions you’ve made.
