It depends, many families are not in good shape and some lack trust within the family similarly, if your family can be trusted then give them access to your crypto wallet cos no one lives forever, at one point in time we are all going to die.
actually no family will be good enough that will make you as investor to share your private key among your families, trust nobody in the aspect of using a private key because immediately your private key is been known, automatically you are no longer been the owner of the wallet, i know have made this suggestion before, document your private key and let your children or family members know that a particular cage contains the information of known and unknown incase of a death occurrence. 
Topic: Did you share your key to your family? - page 2. (Read 733 times)
Family members can be toxic, it is too risky to share key with Family members when one is still alive. It a good idea for keys to be documented in case if death happens but it is not proper to share key with anybody when Is alive, the key is personal property that is not meant to be shared with anyone.
Do you have any tips to make a good plan to your crypto assets for loved ones just in case when you die?
Someone who is married and has a wife has nothing to hide, whether it's work, finances, problems, fun and so on, Bitcoin is also an important asset for every family, if he is married.In this case, nothing is hidden from the wife including the password and the workings of the crypto exchange that we have, where a wife can access when she wants, if something should happen to us, wife has an active role to take care of all our existing assets, land, children, house, savings and also Bitcoin.
I remember to myself, after experiencing a tragedy in the real world (accident), from there I realized, there is nothing to hide from my wife, mutual trust in the household will lead us to success, that's the key.
I don't share my private key with my family. because I believe my family can find it in my personal records.
I always keep it on paper by writing or printing it manually and writing it down.
but i realized when i saved my privatekey into the book it was very insecure. like if my book is lost or burned or exposed to water. but I still do it because it's my habit
I always keep it on paper by writing or printing it manually and writing it down.
but i realized when i saved my privatekey into the book it was very insecure. like if my book is lost or burned or exposed to water. but I still do it because it's my habit
We can't escape death and we don't know when we die... Crypto wallets aren't like traditional investments. They can be more vulnerable to security issues, and you generally can't name a beneficiary. Since we need to store our crypto to offline wallet or hardware wallet and we must store safely and secure our keys offline, did you already share your key to your family? Do you have any tips to make a good plan to your crypto assets for loved ones just in case when you die?
It's a good idea to share your private key with at least one of your family members, if not all of them. This is because death is an unpredictable event that can happen at any time. If you die without telling any of your family members or siblings about your private key, no one will know about your assets, and they will be left unused. As a result, attempt to share your private key with at least one member of your family as much as feasible.
I let them know and educate them on how important are these keys. Keeping them aware is not an issue to the safety of our funds, of course, we just tell those who seem can really be trusted.
Why it was important,
1. education
2. awareness
3. there is someone who could access it in case there is an accident happen to us
4. trust
Why it was important,
1. education
2. awareness
3. there is someone who could access it in case there is an accident happen to us
4. trust
When you decide to hold on to an asset for the long term, you need to determine which family members or confidants can share personal information about the funds stored in the wallet. Although it is difficult to share personal information, these steps must be followed for the successor to continue to manage the wallet for the benefit of the family. We can't predict everything even age, because only God knows everything, at least financially we leave the good for the family.
For I won't let my family members will know about my recovery seed phrase it's better to hide it in my self . and if the right time will come I will Wright my recovery phrase in a single set of paper and then I'll give it to my children and said open it in the right time. All always keep seed cause I know if this will loss all my hard work will lose too.
I don't have any trusted Family member I have shared my keys to ,but what I have done is that I have a Note book where I stated everything regarding my keys and investment and have it put in a fireproof save , then let my trusted family member know everything about it in case of any unexpected incident that could happen to life. Though there's a risk to doing this, having someone else know about your keys aside you can jeopardize your entire investment at anytime.
Share my keys with my family?
Why would I do that! I'm sure this is birth out of inheritance and the fact that, it feels like a big lose to let your earnings fall yo other persons or lost forever even as, its often with the case of bitcoin.
Unfortunatelyas the world may have it, even family can't be completely trusted at all times, people do change and it's often situations that make them. There is nowhere that it's stated that, family can't turn enemy. It's the way it is and these things happen.
Therefore, there is hardly a reason that is more comforting at this point in my life to give off my keys to my family. Yes, death comes unannounced and at other times, its inevitable. When the later isn't obvious, I'm sure to handle my keys.
Why would I do that! I'm sure this is birth out of inheritance and the fact that, it feels like a big lose to let your earnings fall yo other persons or lost forever even as, its often with the case of bitcoin.
Unfortunatelyas the world may have it, even family can't be completely trusted at all times, people do change and it's often situations that make them. There is nowhere that it's stated that, family can't turn enemy. It's the way it is and these things happen.
Therefore, there is hardly a reason that is more comforting at this point in my life to give off my keys to my family. Yes, death comes unannounced and at other times, its inevitable. When the later isn't obvious, I'm sure to handle my keys.
We can't escape death and we don't know when we die... Crypto wallets aren't like traditional investments. They can be more vulnerable to security issues, and you generally can't name a beneficiary. Since we need to store our crypto to offline wallet or hardware wallet and we must store safely and secure our keys offline, did you already share your key to your family? Do you have any tips to make a good plan to your crypto assets for loved ones just in case when you die?
My family does not know my key. In the near future I will buy a hardware wallet and write down the 24 words on several recovery sheets.
Then I will also ask my parents to each keep one safe (of course they will tell me where they keep it). Since my parents will probably die before me, the Recovery Sheet will then just be passed on to my siblings, for example.
I will lock them so that they can only be opened once. So if a sheet gets damaged, I know that someone has opened it.
For me this is the safest option
My family knows where to find my recovery phrases and other pieces of information to recover all my coins, but they don't have a copy of anything in their hands. There is no reason for them to have copies of the seeds for cold storage. They know what they have to do and where to look for the essentials for recovery if one day I don't come back home. That's it. My family isn't interested in Bitcoin, only I am. I am sure they will gladly convert in into fiat one day when I am gone.
Its a good thing that family members should also be aware of what you are currently doing so that they will also start to learn and engage in it, and definitely can access all what you have been trying to save for them while you are still alive. Otherwise, all your hard earned coins will only be converted into fiat because they don't have the interest to continue what you have been doing. Although its not bad but they could have made it grown and benefit it more in the future. 
We strive in this world to support ourselves and our families.
So my private key is safe offline, but I give one of my brothers access to the location where I keep it because you never know what will happen tomorrow.
Death can strike at any time and is always unexpected; if it does, and I am the only one with access to my crypto assets, I will live without accomplishing anything because none of my family members have access to it.
That is why I give my brother access.
So my private key is safe offline, but I give one of my brothers access to the location where I keep it because you never know what will happen tomorrow.
Death can strike at any time and is always unexpected; if it does, and I am the only one with access to my crypto assets, I will live without accomplishing anything because none of my family members have access to it.
That is why I give my brother access.
It depends, many families are not in good shape and some lack trust within the family similarly, if your family can be trusted then give them access to your crypto wallet cos no one lives forever, at one point in time we are all going to die.
This is a very important thing to do as no one is guaranteed eternal life, to the best of my knowledge. Sharing your key with your family is very okay. They can easily access your coins(savings) after one is no more, but this still has to do with trust. As no one can be fully trusted 100% today again. If it is a friend that can be trusted much then one can share the keys with them(my opinion).
I would never share my keys with my family. First of all, these keys are mine, and I would like to keep them personal for as long as possible. Second, no one in my family understand what crypto is, how to use it and so on. Sharing keys to them will be dangerous. Same as leaving private key on a bus stop.
Yes we know it's not advisable to render ones private keys to just anyone even if it's a family member, but on the other hand, to me it's quite unscrupulous that one should die and leave his crypto asset without even a clue to at least someone very close.It would be better you bring them to the light of cryptocurrency knowledge, cause no one can predict tommorow! Think about it.
We can't escape death and we don't know when we die... Crypto wallets aren't like traditional investments. They can be more vulnerable to security issues, and you generally can't name a beneficiary. Since we need to store our crypto to offline wallet or hardware wallet and we must store safely and secure our keys offline, did you already share your key to your family? Do you have any tips to make a good plan to your crypto assets for loved ones just in case when you die?
You do make a good point. I personally haven't, but I will definitely do something about it. I treat this just as I would regular finances and those should be accessible by my family in case something happens to me. But with everything, so is it with family, be careful who you share it with, not everyone knows/can handle money.
Knowing that people can die at any time, we often do not inadvertently share wallet passwords randomly or with anyone else. Which is not profitable at all for the family. So we should all explain the passwords to someone in our family, which I have already done.
i think the best option is to ensure everyone in the family especially the grown up once understand cryptocurrency transaction so that when you are no more on earth and if they find your seed phrase they will know what's obtainable to do concerning the private key per say. From my own view a seed phrase is not supposed to been reviewed to anyone in the family but documents it or filed it when you are no more they will see it through your documents.My positive thing is to agree with @GeorgeJohn and seed or phrase keep up in document filed. that then remember and keep the safe place, I hope the best option seed or phrase you can share with your mother or wife, if you are male so the mother or wife is trusted person in the life. i am positive about sharing because if you share so this currency is useable for the future if you do not share so everything is unusable.
Knowing that people can die at any time, we often do not inadvertently share wallet passwords randomly or with anyone else. Which is not profitable at all for the family. So we should all explain the passwords to someone in our family, which I have already done.
i think the best option is to ensure everyone in the family especially the grown up once understand cryptocurrency transaction so that when you are no more on earth and if they find your seed phrase they will know what's obtainable to do concerning the private key per say. From my own view a seed phrase is not supposed to been reviewed to anyone in the family but documents it or filed it when you are no more they will see it through your documents. 
I didn't give my wallet keys directly to anyone in my family. But I wrote the key to my wallet on a note and kept it in a secret place. And I have told my family members, especially my wife, to look at that note after my death. And I didn’t mention what’s out there! But I told him there was a treasure there he he
Jump to: