Topic: How can i pass on my bitcoins in case i die? - page 2. (Read 6585 times)

Can I share someone my information about bitcoin wallet and how can I do it? Is it permited that two people use the same bitcoin wallet or not?

yes that is right but i thin through this way there always a chance for other to get that key after your death if the person is away and he need some time to reach to get the well, but it is also a fact that you do not have any other option you have to take the risk.

i think you should write a well and should provide your wallet information  in that well, through this way you can really transfer your bitcoins information to the person who you consider more suitable for your account after your death.

but i think you have no other option, you must leaver your access key to some one and that is the only way, if you have trust on the person to whom you like to give your account access after your death then you can also give him in advance.

The only answer I can think of to this Op's curiosity is to show them how to go about it I mean your closest person, I am sure that person will also want to get involved because I don't see anyone who doesn't want to make extra income in apassive way and Bitcoin surely provides that. But if you don't want that another way to go is to to a pre-recorded video of a step by step approach to gain access toyour coins  kept in your safe location which can only be found after your demise.

If you leave your private keys lying around, your bitcoins will reach those who find them first. You can't be sure that nobody except the rightful heir will access your will.

you can write the access key to your account and mention the person to whom you like to transfer your bitcoin wallet key and keep it with your well and when you  will pass away your account will be transfer to the person who declare that he si the best person.

and for that he also have to give the complete details of access to the wallet of his to the person which he will want to distribute his bitcoins after his death but you believe it is hard for to give our info to someone.

I guess you should leave all your credentials and your private key details of your  cold wallet if you have.
perhaps a smart contract ethereum there are many possibilities but the easiest thing to my mind is your private key.
besides having a safe place to prevent the person you don't want steal your funds

yes, every other answer is useless and/or mentioned already, but this is simply how this forum works. all in all there seems to be not one perfect solution but many. depending on your exact situation one solution might be better then the other. 

I think this answer is repeat many times here and i think its  a common way but how about if you dont have a  family how you can save your bitcoins and give them for your family in the future? it will save for a long time.. thats why i think the price of bitcoin will not go down because of this if there is a investors died when they are invest a lot in bitcoin they can not get those money back.

Try to select for a trusted person in your home and tell him about the details of your bitcoins so after you he will be able to get your bitcoins and will be able to take benefit of that otherwise your bitcoins will die with you.

I have heard of someone stealing lots of bitcoins and distributing them, the thief created a transaction that sends all the coins to 1BitcoinEaterAddressDontSendf59kuE after a certain block number. You could have your hair create a wallet, set up a similar transaction for your coins (set to a couple of months) that sends them to your hair, if the block is approaching and you are still alive, send all your coins to a new address and set up a similar transaction. Unless your hair is tech-savvy, it is unlikely he/she will even know about it until the coins show up.

The only thing that i can suggest to you is to inform one of you family member just choose trusted one so that your bitcoin is safe while you are collecting bitcoin and saving it for a long time. one you have die just make sure you make already automated note in your pc welcome note or sign that the one who trusted members in your family can remember what you have said to him or her.

Just tell them about your bitcoin account, your password and other important information that is connected to your bitcoin account simple as that. And it's better if you'll tell them about bitcoin as well in this case they will be familiar with it and they won't have any hard time for them if the time comes that they are the one who are gonna use your bitcoin account.

Regarding the concern about using the coins but not updating a private key with a lawyer or safe deposit box, this is not a problem if you have a deterministic wallet.  I believe the latest version of bitcoin core will create a deterministic wallet if you don't already have a non-deterministic wallet.  Several other wallet softwares will as well, and I believe all hardware wallets are deterministic.  To be clear, a deterministic wallet is a wallet where each subsequent change (and/or receiving) address can be unlocked from the same root key/password.  In other words, you only need to store the information once, and anytime a wallet is re-generated from it, the remaining coins will be spendable.

Regarding the concern about involving a bank or lawyer in general, it has been a few years, and I have not had any luck finding the service even though I want to, but I once read about a service that stores whatever information you want (I say information, not data, because I believe they store the data in a secured database vs storing individual files, and the service is really meant for passwords and account information) in an electronically secure manner (supposed to be secure from hackers and disasters) for release to designated persons upon your death.  Obviously this would not be a zero-knowledge service, so there would be some third party risk, but in order to do the same thing with a zero-knowledge service and not still involve a third party to protect a password (something you know in 2FA terminology), it would be necessary to secure that service with something you have instead or as well.  Unfortunately, I don't think I've ever seen anything secured with zero-knowledge using something you have for security.

pretty easy. let them know the details, as long as you trust them, and away they go. personally I'm not gonna make it official in any will. screw paying any possible inheritance tax. my final bitcoin act is gonna be to use it for what it's intended for - controlling my own money.

yes i am also agree with you  that if you want to pass on your bitcoins in case you die, you should keep it with your well and your bitcoin can be use by any other person after your death.

i think you should writhe your wallet key and keep it will your well and should also write the instruction about your bitcoin that how to distribute or use it after your death, i think it is not such a difficult thing to do.

So you want your loved ones to be Sherlock before they have the bitcoins they have inherited?   I agree with educating them about bitcoins because they will not just have the bitcoins but they will learn and know how to grow it more.  Through that they will be able to make a living out of the inherited bitcoins.