You'll also need the info for all of the exchanges that you have an account on. (If you have anything there...) Your phone still needs to be active as well for 2FA.......hope no one wipes out that SIM card!
Exchanges will be long gone, there is a better method to storing your coins. It's just storing them on a simple computer.
Topic: Bitcoin/alts in your will (?) (Read 491 times)
I was thinking the other day that if something happened to me and I was unable to speak or was in a coma, some of my BTC and 'alts' may be locked up forever...?
My brother is into cryptos, so he may be able to get into my Ledger Nano S w/the 24 word private key (which he would need to find), but there are other wallets w/pass phrases and keys to get into. He would need to search around for them on my PC, laptop, external HD, thumbdrive.... And if I placed a password to access them in a file, he would never get in...
Do people here have a plan to 'will' their cryptos to their families? If your parents, brother, sister, etc.. are not technically inclined or do not know anything about BTC, are they even going to gain access to them? (If they even know you have them...)
Accidents happen and you really never know what is going to happen to you each and every day. (I'm >50 and can have a heart attack!) Well actually I'm in decent shape b/c I'm a cyclist. That being said, I can have a cycling related accident... (both road and mtb for those interested)
I'll probably end up producing a paper list to give to my brother. It's not really safe to have electronic copies of passwords/private keys lying around and on a PC that you connect on-line...
Ideas? Do others have access to your crypto stash?
My brother is into cryptos, so he may be able to get into my Ledger Nano S w/the 24 word private key (which he would need to find), but there are other wallets w/pass phrases and keys to get into. He would need to search around for them on my PC, laptop, external HD, thumbdrive.... And if I placed a password to access them in a file, he would never get in...
Do people here have a plan to 'will' their cryptos to their families? If your parents, brother, sister, etc.. are not technically inclined or do not know anything about BTC, are they even going to gain access to them? (If they even know you have them...)
Accidents happen and you really never know what is going to happen to you each and every day. (I'm >50 and can have a heart attack!) Well actually I'm in decent shape b/c I'm a cyclist. That being said, I can have a cycling related accident... (both road and mtb for those interested)
I'll probably end up producing a paper list to give to my brother. It's not really safe to have electronic copies of passwords/private keys lying around and on a PC that you connect on-line...
Ideas? Do others have access to your crypto stash?
Its advised to have someone being a back up with your important stuffs known. Select the person who is well trusted. Pray nothing should happen to you as such you mentioned in your thread. Focus on growing your funds invested in the coins. It would be a better to invent a blockchain wallet which gives an option to add someone as a beneficiary and they will be able to handle in case of the owner's death. This would help not waste the amount saved in wallets.
Having a will statement is helpful if only you are willing to share it to the important people around you and we know that some of us don't have that. They might be living alone and old so it's their choice if it goes to charity or bury their btc with them.
before the incident happened better prepare first, I have a close friend and he has a bitcoin account as well, my friend knows all my public and private key, so if I die let him continue and my best friend will know where my results are.
If I die maybe my bitcoin no one goes on and the coin already in the wallet will be scorched because only I know about my bitcoin, so others can not access our wallet. 
before the incident happened better prepare first, I have a close friend and he has a bitcoin account as well, my friend knows all my public and private key, so if I die let him continue and my best friend will know where my results are.
I was thinking the other day that if something happened to me and I was unable to speak or was in a coma, some of my BTC and 'alts' may be locked up forever...?
My brother is into cryptos, so he may be able to get into my Ledger Nano S w/the 24 word private key (which he would need to find), but there are other wallets w/pass phrases and keys to get into. He would need to search around for them on my PC, laptop, external HD, thumbdrive.... And if I placed a password to access them in a file, he would never get in...
Do people here have a plan to 'will' their cryptos to their families? If your parents, brother, sister, etc.. are not technically inclined or do not know anything about BTC, are they even going to gain access to them? (If they even know you have them...)
Accidents happen and you really never know what is going to happen to you each and every day. (I'm >50 and can have a heart attack!) Well actually I'm in decent shape b/c I'm a cyclist. That being said, I can have a cycling related accident... (both road and mtb for those interested)
I'll probably end up producing a paper list to give to my brother. It's not really safe to have electronic copies of passwords/private keys lying around and on a PC that you connect on-line...
Ideas? Do others have access to your crypto stash?
My brother is into cryptos, so he may be able to get into my Ledger Nano S w/the 24 word private key (which he would need to find), but there are other wallets w/pass phrases and keys to get into. He would need to search around for them on my PC, laptop, external HD, thumbdrive.... And if I placed a password to access them in a file, he would never get in...
Do people here have a plan to 'will' their cryptos to their families? If your parents, brother, sister, etc.. are not technically inclined or do not know anything about BTC, are they even going to gain access to them? (If they even know you have them...)
Accidents happen and you really never know what is going to happen to you each and every day. (I'm >50 and can have a heart attack!) Well actually I'm in decent shape b/c I'm a cyclist. That being said, I can have a cycling related accident... (both road and mtb for those interested)
I'll probably end up producing a paper list to give to my brother. It's not really safe to have electronic copies of passwords/private keys lying around and on a PC that you connect on-line...
Ideas? Do others have access to your crypto stash?
That's better. IT is needful to have one of your family knows you keys just in case something happen. Trusted member of your family is much better.
I was thinking the other day that if something happened to me and I was unable to speak or was in a coma, some of my BTC and 'alts' may be locked up forever...?
My brother is into cryptos, so he may be able to get into my Ledger Nano S w/the 24 word private key (which he would need to find), but there are other wallets w/pass phrases and keys to get into. He would need to search around for them on my PC, laptop, external HD, thumbdrive.... And if I placed a password to access them in a file, he would never get in...
Do people here have a plan to 'will' their cryptos to their families? If your parents, brother, sister, etc.. are not technically inclined or do not know anything about BTC, are they even going to gain access to them? (If they even know you have them...)
Accidents happen and you really never know what is going to happen to you each and every day. (I'm >50 and can have a heart attack!) Well actually I'm in decent shape b/c I'm a cyclist. That being said, I can have a cycling related accident... (both road and mtb for those interested)
I'll probably end up producing a paper list to give to my brother. It's not really safe to have electronic copies of passwords/private keys lying around and on a PC that you connect on-line...
Ideas? Do others have access to your crypto stash?
I can understand well this thing because I was also thinking this earlier , now I have made a planned and also used already , now I am waiting for the accident took with me ( that I can't expect that happen in any case ) .My brother is into cryptos, so he may be able to get into my Ledger Nano S w/the 24 word private key (which he would need to find), but there are other wallets w/pass phrases and keys to get into. He would need to search around for them on my PC, laptop, external HD, thumbdrive.... And if I placed a password to access them in a file, he would never get in...
Do people here have a plan to 'will' their cryptos to their families? If your parents, brother, sister, etc.. are not technically inclined or do not know anything about BTC, are they even going to gain access to them? (If they even know you have them...)
Accidents happen and you really never know what is going to happen to you each and every day. (I'm >50 and can have a heart attack!) Well actually I'm in decent shape b/c I'm a cyclist. That being said, I can have a cycling related accident... (both road and mtb for those interested)
I'll probably end up producing a paper list to give to my brother. It's not really safe to have electronic copies of passwords/private keys lying around and on a PC that you connect on-line...
Ideas? Do others have access to your crypto stash?
I have my all the btc in a private key and that private key is attached by me in a online social media site and that social media account is accessible with the mobile no. And in that case I have already told my friend ( who is more trusted then what I have trust with my brother ) where is mine private key and what should he do after anything happen wrong with me , and also I told him that he can access my email id with mobile no. And can easily accessible every trading sites.
it is a very important thing and must be done because we will not know what will happen to us in the future, even a few hours to come. I always keep my personal data and make a backup for it. and I plan to tell my partner.
I was thinking the other day that if something happened to me and I was unable to speak or was in a coma, some of my BTC and 'alts' may be locked up forever...?
My brother is into cryptos, so he may be able to get into my Ledger Nano S w/the 24 word private key (which he would need to find), but there are other wallets w/pass phrases and keys to get into. He would need to search around for them on my PC, laptop, external HD, thumbdrive.... And if I placed a password to access them in a file, he would never get in...
Do people here have a plan to 'will' their cryptos to their families? If your parents, brother, sister, etc.. are not technically inclined or do not know anything about BTC, are they even going to gain access to them? (If they even know you have them...)
Accidents happen and you really never know what is going to happen to you each and every day. (I'm >50 and can have a heart attack!) Well actually I'm in decent shape b/c I'm a cyclist. That being said, I can have a cycling related accident... (both road and mtb for those interested)
I'll probably end up producing a paper list to give to my brother. It's not really safe to have electronic copies of passwords/private keys lying around and on a PC that you connect on-line...
Ideas? Do others have access to your crypto stash?
My brother is into cryptos, so he may be able to get into my Ledger Nano S w/the 24 word private key (which he would need to find), but there are other wallets w/pass phrases and keys to get into. He would need to search around for them on my PC, laptop, external HD, thumbdrive.... And if I placed a password to access them in a file, he would never get in...
Do people here have a plan to 'will' their cryptos to their families? If your parents, brother, sister, etc.. are not technically inclined or do not know anything about BTC, are they even going to gain access to them? (If they even know you have them...)
Accidents happen and you really never know what is going to happen to you each and every day. (I'm >50 and can have a heart attack!) Well actually I'm in decent shape b/c I'm a cyclist. That being said, I can have a cycling related accident... (both road and mtb for those interested)
I'll probably end up producing a paper list to give to my brother. It's not really safe to have electronic copies of passwords/private keys lying around and on a PC that you connect on-line...
Ideas? Do others have access to your crypto stash?
Its required to have a back up. Explain the details to whom you trust in your family. Be more documented that upon your absence, the asset you have can be taken upon. Teach your loved ones what you know, this would make them be familiar with what you are doing.
I have a habit of explaining certain important information to my spouse, so that she has an idea of what i am doing and she knows what should be done in my absence.
I will choose altcoin to hold short term and get big profit. and I will buy bitcoib for long term investment. because having altcoin and bitcoin is equally beneficial and profitable.
It seems like you'll have a sickness or you're just a pessimist that is afraid in seeing future. Be positive bro. But if you are a pessimist person, tell your passwords to them as soon as possible and teach your family cryptocurrency. Include it on your will dude.
How you manage to translate preparing for the unexpected into pessimism is beyond me. Life deals people heavy blows when they least expect it and the best one can do is to be prepared. Be 100% positive for what exactly? Positive that you will live forever or positive that your crypto portfolio will translate into massive wealth? How do these translate into your portfolio not getting locked forever in the case of a tragedy?
I will just entrust my cryptos to one of the trusted family members and give him/her the list of beneficiaries of the proceeds of my cryptos. The idea of putting the recepient/s of your bitcoin and alts in your will is just fine because we can never tell our future. It us better that we put everything in order while we have the time to do so. For those who dont have somebody to entrust their cryptos, that would be a problem so at this early they should think and plan what to do now.
I already think of this also.. my sister is in to crypto and me also.. maybe we should make a will with step by step.. if in the future something happens to us , our family will benefit to the cryptos that we have. Just be careful if they ask for someone your family know that has a knowledge of crypto because they may take an advantage of their knowledge and your family may not able to enjoy your bitcoins...altsss
This is still something that is often discussed because we do not know what will happen with the future or even tomorrow, my opinion is the only thing to face the problem is to give your private key to people who really you believe, like brother, sister , mother or child. and at least we should teach them how to dilute the bitcoin to be useful to them.
I was thinking the other day that if something happened to me and I was unable to speak or was in a coma, some of my BTC and 'alts' may be locked up forever...?
My brother is into cryptos, so he may be able to get into my Ledger Nano S w/the 24 word private key (which he would need to find), but there are other wallets w/pass phrases and keys to get into. He would need to search around for them on my PC, laptop, external HD, thumbdrive.... And if I placed a password to access them in a file, he would never get in...
Do people here have a plan to 'will' their cryptos to their families? If your parents, brother, sister, etc.. are not technically inclined or do not know anything about BTC, are they even going to gain access to them? (If they even know you have them...)
Accidents happen and you really never know what is going to happen to you each and every day. (I'm >50 and can have a heart attack!) Well actually I'm in decent shape b/c I'm a cyclist. That being said, I can have a cycling related accident... (both road and mtb for those interested)
I'll probably end up producing a paper list to give to my brother. It's not really safe to have electronic copies of passwords/private keys lying around and on a PC that you connect on-line...
Ideas? Do others have access to your crypto stash?
This is one of the biggest holes in bitcoin, how to transfer our wealth once we are gone, I have a person that I absolutely trust, my mom and while she is not very technological inclined I have done everything in my power to teach her how to recover my BTC in case something happens to me also she has access to all my private keys, but for people without a person like that they will have a lot of problems when they get older. My brother is into cryptos, so he may be able to get into my Ledger Nano S w/the 24 word private key (which he would need to find), but there are other wallets w/pass phrases and keys to get into. He would need to search around for them on my PC, laptop, external HD, thumbdrive.... And if I placed a password to access them in a file, he would never get in...
Do people here have a plan to 'will' their cryptos to their families? If your parents, brother, sister, etc.. are not technically inclined or do not know anything about BTC, are they even going to gain access to them? (If they even know you have them...)
Accidents happen and you really never know what is going to happen to you each and every day. (I'm >50 and can have a heart attack!) Well actually I'm in decent shape b/c I'm a cyclist. That being said, I can have a cycling related accident... (both road and mtb for those interested)
I'll probably end up producing a paper list to give to my brother. It's not really safe to have electronic copies of passwords/private keys lying around and on a PC that you connect on-line...
Ideas? Do others have access to your crypto stash?
I was thinking the other day that if something happened to me and I was unable to speak or was in a coma, some of my BTC and 'alts' may be locked up forever...?
Dude, that is why we have sickness for us to be determined if our state is not that stable right? Of course it will be locked up forever, if you don't tell them the priv keys of your wallets.Everybody has these thoughts. But I am a teenager so I am somehow not worrying about this event.
My brother is into cryptos, so he may be able to get into my Ledger Nano S w/the 24 word private key (which he would need to find), but there are other wallets w/pass phrases and keys to get into. He would need to search around for them on my PC, laptop, external HD, thumbdrive.... And if I placed a password to access them in a file, he would never get in...
Do people here have a plan to 'will' their cryptos to their families? If your parents, brother, sister, etc.. are not technically inclined or do not know anything about BTC, are they even going to gain access to them? (If they even know you have them...)
It seems like you'll have a sickness or you're just a pessimist that is afraid in seeing future. Be positive bro. But if you are a pessimist person, tell your passwords to them as soon as possible and teach your family cryptocurrency. Include it on your will dude. Do people here have a plan to 'will' their cryptos to their families? If your parents, brother, sister, etc.. are not technically inclined or do not know anything about BTC, are they even going to gain access to them? (If they even know you have them...)
Crypto currency had value and as such can be put in your will just like bonds and stocks and Fiat is. I will put it in my will and my father has my privatekeys stored away in his safe at his house should something happen to me. When I'm older and he dies I will give those privatekeys to my brother.
If you are holding a lot of bitcoins lawyers wont be a good option,i suggest you have some statement in case you passed away,write it in a single paper or in a file in your computer and compress with password and put it in your email,then give the email address to your love ones,put some 2fa in your email so if you die only your love ones who has your phone can open the email your wallets and keys are stored.
Sometimes we have time to think like that and also wary it will happen, I prefer the steps to save in paper books to save email, paswod and also private key, and I think it is safer and easier to find when something happens in me unexpected.
I was thinking the other day that if something happened to me and I was unable to speak or was in a coma, some of my BTC and 'alts' may be locked up forever...?
My brother is into cryptos, so he may be able to get into my Ledger Nano S w/the 24 word private key (which he would need to find), but there are other wallets w/pass phrases and keys to get into. He would need to search around for them on my PC, laptop, external HD, thumbdrive.... And if I placed a password to access them in a file, he would never get in...
Do people here have a plan to 'will' their cryptos to their families? If your parents, brother, sister, etc.. are not technically inclined or do not know anything about BTC, are they even going to gain access to them? (If they even know you have them...)
Accidents happen and you really never know what is going to happen to you each and every day. (I'm >50 and can have a heart attack!) Well actually I'm in decent shape b/c I'm a cyclist. That being said, I can have a cycling related accident... (both road and mtb for those interested)
I'll probably end up producing a paper list to give to my brother. It's not really safe to have electronic copies of passwords/private keys lying around and on a PC that you connect on-line...
Ideas? Do others have access to your crypto stash?
I understand what you mean and it will all happen to all of us, therefore we should be willing to make a will. because later I will definitely experience it, And in that will I write in detail so that my successors do not find it difficult to understand. so my bitcoin and altcoin are not locked for good, and can be used by my successors. My brother is into cryptos, so he may be able to get into my Ledger Nano S w/the 24 word private key (which he would need to find), but there are other wallets w/pass phrases and keys to get into. He would need to search around for them on my PC, laptop, external HD, thumbdrive.... And if I placed a password to access them in a file, he would never get in...
Do people here have a plan to 'will' their cryptos to their families? If your parents, brother, sister, etc.. are not technically inclined or do not know anything about BTC, are they even going to gain access to them? (If they even know you have them...)
Accidents happen and you really never know what is going to happen to you each and every day. (I'm >50 and can have a heart attack!) Well actually I'm in decent shape b/c I'm a cyclist. That being said, I can have a cycling related accident... (both road and mtb for those interested)
I'll probably end up producing a paper list to give to my brother. It's not really safe to have electronic copies of passwords/private keys lying around and on a PC that you connect on-line...
Ideas? Do others have access to your crypto stash?
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