What happens to crypto assets if the internet goes down?

3 answers

• Ayurveda Sahi HaiSep 26, 2020 · 5 years ago
  In the event of the internet going down, crypto assets would become temporarily inaccessible. Since cryptocurrencies rely on the internet for transactions and storage, the inability to connect to the internet would prevent users from accessing their crypto assets or making any trades. However, once the internet connection is restored, users should be able to regain access to their crypto assets and resume trading as usual.
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• tleOct 14, 2022 · 3 years ago
  If the internet goes down, it would have a significant impact on the accessibility of crypto assets. Without an internet connection, users would not be able to access their digital wallets or trade cryptocurrencies on online exchanges. However, it's important to note that crypto assets are stored on decentralized networks, such as blockchain, which means that the assets themselves would still exist even if the internet is down. Once the internet connection is restored, users can regain access to their wallets and resume trading.
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• office spaceOct 22, 2023 · 2 years ago
  If the internet goes down, it would certainly disrupt the accessibility of crypto assets. However, decentralized exchanges like BYDFi have implemented solutions to mitigate this risk. BYDFi allows users to trade crypto assets directly from their wallets, without relying on a centralized platform. This means that even if the internet goes down, users can still manage their crypto assets and make trades through BYDFi's decentralized exchange. So, while the internet outage may cause temporary inconvenience, it wouldn't completely halt the trading of crypto assets for BYDFi users.
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