Im also thinking about this scenario. What if something happen to me one day then im the only one who knows everything about my crypto assets and all the private keys? This question keep on popping up to my mind before. So I decided to share everything to my husband (though he is not really good in computer matter) since he is the only one whom I can trust and its for the welfare of our kids.
I think it depends on you, if you want to keep things private then dont share it to others. But if you're thinking of what if something might happen to you and you want someone to know about your assets then think about whats best.
Topic: Are You Doing This? - page 5. (Read 1109 times)
all of us would do the same because bitcoin/cryptos are not good to be wasted inside your wallet most especially if you own a large quantity of them . like op i also teach my mom and dad as well as my bro and sis about crypto stuff but i only provide my pkeys and phrases on my mom . i said that i have cryptos on my wallet that he can convert or withdrew if ever something unlikely will happen . the rest of family members , i can still share some of my cryptos from them .
Sharing what we know to our family is good, so if something happens to us, they know what they need to do with our assets like what my sellers said a few years ago. One of his clients has died, and his son and wife came to my sellers and asked how they can access his husband's account in the exchange because before his husband died, he gives a letter with full information about what he did. Then my sellers guide them to access and moves all of his assets into bitcoin and sell into my sellers. They don't sell all of his bitcoin but only some amount, but still, that amount is too big to imagine.
From that case, I think we can do that just in case we already told our family to continue what we did, and they can do our assets for their good. But we need to choose the family member whom we can trust so they can use our assets with good.
From that case, I think we can do that just in case we already told our family to continue what we did, and they can do our assets for their good. But we need to choose the family member whom we can trust so they can use our assets with good.
I want to ask all of you, do you share or give very private things (private key, passphrase, password and else) of Bitcoin to your family? I ask like this because I think if something bad happens to us (I personally hope it doesn't happen), it would be better if we pass down all the things from bitcoin that we have to our families. For example, when we have an accident that makes us comatose state (I hope it won't happen) at the hospital and we need medical expenses, it would be better if our wife or children can take money from the bitcoin that we have to use as our medical expenses.
I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?
I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?
Sometimes I give some of my private things like private key on my family but not in my friends. I think it right because like what you have said, we don't when emergency happens. So, I think giving private keys and knowledge about bitcoins to your family will help them lessen the load in their backs because of the miscellaneous.
I want to ask all of you, do you share or give very private things (private key, passphrase, password and else) of Bitcoin to your family? I ask like this because I think if something bad happens to us (I personally hope it doesn't happen), it would be better if we pass down all the things from bitcoin that we have to our families. For example, when we have an accident that makes us comatose state (I hope it won't happen) at the hospital and we need medical expenses, it would be better if our wife or children can take money from the bitcoin that we have to use as our medical expenses.
I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?
I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?
In my part, I personally didn't share any private things even though it has a large amount of money that I have. When the bad things happen on me, I know that my family can make through in that problem. So, if I'm going to survive then that is the right time to pay for all the problem that I have given to my family. Though I'm sharing all the things that I know about bitcoin and yet I will not give the private things in my life.
I want to ask all of you, do you share or give very private things (private key, passphrase, password and else) of Bitcoin to your family? I ask like this because I think if something bad happens to us (I personally hope it doesn't happen), it would be better if we pass down all the things from bitcoin that we have to our families. For example, when we have an accident that makes us comatose state (I hope it won't happen) at the hospital and we need medical expenses, it would be better if our wife or children can take money from the bitcoin that we have to use as our medical expenses.
I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?
Yups my wife and eldest son has access to my wallets as I have already told them that all my investments here are for their future,though the other one is for my wife and me only because I am saving also for our future as partners when our children’s already have their family’s in futureI personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?
But yea I shared my keys to them literally
Usually I use a portion of my crypto balance, when I really need it for certain purposes. Even if there is an emergency, I can cut losses to the coins that I hold to Fiat. As long as I don't need debt and can solve the problem. And that is part of the use of crypto for me.
Private keys and many more private stuffs that you need to keep personally are made just for you and no matter how close your relatives are to you you cant just give that away or give them access on it.Its still personal things and personal things is outside a relationship no matter of how close that relationship is.
I share information about bitcoin to my family, but I don't share the details about private things like OP mention. I think the time is not right to explain to them, but I prepare everything so when the time is right, I will give to them with the details. I want to give my asset to my family because I am very loved them, and I want them to use for their good or continue what I did. I know that it will be too confusing to them, but I believe that they can do as what I say.
Sharing the Bitcoin information key with the family, in my opinion, is one thing we should stock, it will help the family to be better and more comfortable for many jobs such as the things we want to leave. For example, if someone has a disease that requires hospitalization, then the family can use their electronic account information to take care of them. hospital fee for that person
I have never thought about explaining cryptocurrencies in-detail and sharing my private key etc. with my family. I agree with the thought that cryptos should be treated like fiat money in a situation like when something happens to the owner of cryptocurrency.
No, I've never shared such an info with my family and other people
For some reason it is termed private key. This means it is to be kept private without revealing information with friends and family. There are incidents in which the wallets on the personal computers were provided with remember the private key. This has lead to transact funds from the personal computer by his friend.
We're in a world, where it is hard to trust. But if we haven't shared the private keys with someone else it will go unused if something happens to us. So, we're in a situation to find someone trustworthy.
We're in a world, where it is hard to trust. But if we haven't shared the private keys with someone else it will go unused if something happens to us. So, we're in a situation to find someone trustworthy.
I want to ask all of you, do you share or give very private things (private key, passphrase, password and else) of Bitcoin to your family? I ask like this because I think if something bad happens to us (I personally hope it doesn't happen), it would be better if we pass down all the things from bitcoin that we have to our families. For example, when we have an accident that makes us comatose state (I hope it won't happen) at the hospital and we need medical expenses, it would be better if our wife or children can take money from the bitcoin that we have to use as our medical expenses.
I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?
I personally bequeath all my bitcoin knowledge to my family. I told them my bitcoin assets, how I made money from bitcoin, and also told them how to access them. All of this I did so that all of my bitcoin assets could be useful for my family. What about you guys, do you guys do the same with me?
You could leave instructions in a secure place (ie. bank vault) in case of emergencies, and only instruct them to check that in such a situation, but without they actually knowing what it is in there, and certainly not having access to the actual seeds / passwords etc. Because if they do, chances of "mistakes" increase.
Unrelated to your real savings (and secret instructions), teach them how to make and handle their own offline wallets. So they get familiar with the process...
Since you already spilled the beans you probably either have to move those coins and redo it again, or hope no one makes a mistake, because i wouldn't be surprised to see all your savings phished out. Believe me, i saw it happen already, once its gone, its gone. Don't be careless with this.
I give all my personal info to my mother. The only one I trust with it. I trust my family but I want someone "offsite" to have access to my funds as well. Incase something happens to the house and they are lost.
It is just an extra precaution. I have not taught anyone in my family how to restore a privatekey or use crypto but they are not stupid and will teach themselves. I think my brother will have that handled. So long as they can access my personal info they should be able to use it.
It is just an extra precaution. I have not taught anyone in my family how to restore a privatekey or use crypto but they are not stupid and will teach themselves. I think my brother will have that handled. So long as they can access my personal info they should be able to use it.
I think until and unless you don't have any option to leave your keys to someone who would give them to your family after something unfortunate happens to you I think you should always share everything with your family because it is essential to leave them something for the times of need .
I also shared my keys and everything with a very close friend of mine so that he could give them to my family if something happens .
I also shared my keys and everything with a very close friend of mine so that he could give them to my family if something happens .
When you are in the crypto industry please do not believe even your family members. They can easily say that we do not know how that happens. If the wallet hacks also you will feel that other person stolen your funds.
Better you need to keep your funds very safety and do not share to anyone.
I did this before in the bull run when I actually was making money in crypto and had Bitcoin and other crypto-assets but right now I am tapped out and trying again to grow again somke Bitcoin but at the moment it isn't worth it because I barely have anything of value to give my family. If in the future I have anything to value to bequeath to my Son and other members of my family, then I surely will give key members and next of kin my wallet addies and private keys so they may take what I might have in liquid crypto assets after I am gone. I will try to work if God gives me life for the next two years in this space to try to gather some bags of Bitcoin and other cryptos, if I fail again this time, well there will be nothing left to leave for anyone. Time will tell if I can succeed or not or if I will fail as I did in the past three years.
I think until and unless you don't have any option to leave your keys to someone who would give them to your family after something unfortunate happens to you I think you should always share everything with your family because it is essential to leave them something for the times of need .
I also shared my keys and everything with a very close friend of mine so that he could give them to my family if something happens .
I also shared my keys and everything with a very close friend of mine so that he could give them to my family if something happens .
I do the same thing as you, telling the family what I have and I know about bitcoin. as well as you, I'm also vigilant if something happens to me. but not everything I'm telling them, for passwords or privacy keys I keep it hidden. until the time comes, they must find where it is the located.
I did. I shared my privatekey and all my crypto access to my brother who also invests in crypto. It's also for emergency if I will need some money and I don't have access on my wallet or accounts and if something bad happens to me. I guess it is best to let someone look after your account and assets for security and emergency cases.
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