I think the best way to inheritance bitcoin are by securing your bitcoin wallet somewhere else and keep the guide/info to use/claim the bitcoin in safe box where you give the safe box key to trusted family members or friends.
Alternative option such as use 3rd party which give encrypted wallet files or guide/info to use/claim the bitcoin after you dead isn't bad option either.
Topic: How to leave bitcoins as inheritanceafter your death? (Read 173 times)
Can you trust them ?
I do think it's best to first tell someone from your family and since if something happened to you and no one had a clue they can easily make a good money .
You can never trust anyone with money.
Thus you need to be careful.
Just add..
Tell someone in your family about it and you are good to go .
I will make sure that only the wisest of my family members will be able to get access to my bitcoins inheritance, I will set a series of puzzles so that they are going to have a very good time and know who really wants it more but in the end, they are all going to get some. I do think it's best to first tell someone from your family and since if something happened to you and no one had a clue they can easily make a good money .
You can never trust anyone with money.
Thus you need to be careful.
Just add..
Tell someone in your family about it and you are good to go .
Does anyone know of a guide that allows you to leave your cryptocurrencies to your family in the event of your death?
There are multiple issues that I see with all the ideas that I had, but the following is the best setup I could come up with until now:
Leave the private key to your lawyer. This would seem the most obvious route, because the lawyer already has access to your estate and takes care of it after your death. You can leave your private key encrypted with one lawyer and leave the passphrase to another lawyer, that don't know of each other so that after you pass away your family receives the private key and the passphrase to decrypt it. In the event of your death, the two lawyers will hand over their part of the inheritance to your family and they could decrypt the private key using the passphrase.
But how do you handle multiple wallets and addresses? I don't store all my bitcoins in one wallet or one address. I would have to leave the private keys and passphrases to every one of them and update them as time passes and I add more and more wallets and addresses.
What is your opinion on this issue? How to handle this properly and securely?
I don't think you can leave your bitcoin for your inheritance just like your money or any properties that to when you are not around.One think you can do is,you can teach your children about bitcoin,which can help them to recover your coins as soon as you die.Another think that you can do is you can store your bitcoin on your personal hardware wallet.Which again can just buy sometime for your children and nothing more.I don't thing telling to your lawyer is agood option as you cannot have some legal documentation.It will only increase a threat to your bitcoin by exposing it to outer world. There are multiple issues that I see with all the ideas that I had, but the following is the best setup I could come up with until now:
Leave the private key to your lawyer. This would seem the most obvious route, because the lawyer already has access to your estate and takes care of it after your death. You can leave your private key encrypted with one lawyer and leave the passphrase to another lawyer, that don't know of each other so that after you pass away your family receives the private key and the passphrase to decrypt it. In the event of your death, the two lawyers will hand over their part of the inheritance to your family and they could decrypt the private key using the passphrase.
But how do you handle multiple wallets and addresses? I don't store all my bitcoins in one wallet or one address. I would have to leave the private keys and passphrases to every one of them and update them as time passes and I add more and more wallets and addresses.
What is your opinion on this issue? How to handle this properly and securely?
Can you trust them ?
I do think it's best to first tell someone from your family and since if something happened to you and no one had a clue they can easily make a good money .
You can never trust anyone with money.
Thus you need to be careful.
Just add..
Tell someone in your family about it and you are good to go .
I do think it's best to first tell someone from your family and since if something happened to you and no one had a clue they can easily make a good money .
You can never trust anyone with money.
Thus you need to be careful.
Just add..
Tell someone in your family about it and you are good to go .
Don't you think Lawyers would be the first person to steal those precious BTC of yours in case of yoir death. Lawyers don't mess it with the real estate and properties because it involves legal things for the procedure to complete whereas if you give your private key to the lawyer he would definitely try to take it since there is no way once could ever find out about it.
The best method according to me would be trigerring a scheduled mail with the private key in it. The algorithm should be like it would ask you to send the mail to the inherited person every 3-4 months and once you are dead and you dont give out any response to it the mail would be sent to the person.
The best method according to me would be trigerring a scheduled mail with the private key in it. The algorithm should be like it would ask you to send the mail to the inherited person every 3-4 months and once you are dead and you dont give out any response to it the mail would be sent to the person.
Does anyone know of a guide that allows you to leave your cryptocurrencies to your family in the event of your death?
There are multiple issues that I see with all the ideas that I had, but the following is the best setup I could come up with until now:
Leave the private key to your lawyer. This would seem the most obvious route, because the lawyer already has access to your estate and takes care of it after your death. You can leave your private key encrypted with one lawyer and leave the passphrase to another lawyer, that don't know of each other so that after you pass away your family receives the private key and the passphrase to decrypt it. In the event of your death, the two lawyers will hand over their part of the inheritance to your family and they could decrypt the private key using the passphrase.
But how do you handle multiple wallets and addresses? I don't store all my bitcoins in one wallet or one address. I would have to leave the private keys and passphrases to every one of them and update them as time passes and I add more and more wallets and addresses.
What is your opinion on this issue? How to handle this properly and securely?
I do not believe in lawyers, when I joined the crypto market I taught my wife and kids about bitcoin. How to sign in, withdraw money on how. If I die in the future, my wife and children will be the ones who enjoy my bitcoin value. And I have instructed them very carefully, I think we should do this. do not lose money. There are multiple issues that I see with all the ideas that I had, but the following is the best setup I could come up with until now:
Leave the private key to your lawyer. This would seem the most obvious route, because the lawyer already has access to your estate and takes care of it after your death. You can leave your private key encrypted with one lawyer and leave the passphrase to another lawyer, that don't know of each other so that after you pass away your family receives the private key and the passphrase to decrypt it. In the event of your death, the two lawyers will hand over their part of the inheritance to your family and they could decrypt the private key using the passphrase.
But how do you handle multiple wallets and addresses? I don't store all my bitcoins in one wallet or one address. I would have to leave the private keys and passphrases to every one of them and update them as time passes and I add more and more wallets and addresses.
What is your opinion on this issue? How to handle this properly and securely?
Does anyone know of a guide that allows you to leave your cryptocurrencies to your family in the event of your death?
There are multiple issues that I see with all the ideas that I had, but the following is the best setup I could come up with until now:
Leave the private key to your lawyer. This would seem the most obvious route, because the lawyer already has access to your estate and takes care of it after your death. You can leave your private key encrypted with one lawyer and leave the passphrase to another lawyer, that don't know of each other so that after you pass away your family receives the private key and the passphrase to decrypt it. In the event of your death, the two lawyers will hand over their part of the inheritance to your family and they could decrypt the private key using the passphrase.
But how do you handle multiple wallets and addresses? I don't store all my bitcoins in one wallet or one address. I would have to leave the private keys and passphrases to every one of them and update them as time passes and I add more and more wallets and addresses.
What is your opinion on this issue? How to handle this properly and securely?
The best and secure way at least for me is to make a hand written instructions on how my family will be able to inherit my cryptocurrency holdings and list all my private keys then store it in a safe place like vault or safe deposit box and give the password/key to a person who you really trust the most like your wife, parents or your siblings or maybe like what you said, hire a lawyer that will give the access to your safe to your family when the time comes that you are out of this world. I don't want to trust any services online that offers securing your password or private informations, since anything in the internet/online can possibly gets hack. There are multiple issues that I see with all the ideas that I had, but the following is the best setup I could come up with until now:
Leave the private key to your lawyer. This would seem the most obvious route, because the lawyer already has access to your estate and takes care of it after your death. You can leave your private key encrypted with one lawyer and leave the passphrase to another lawyer, that don't know of each other so that after you pass away your family receives the private key and the passphrase to decrypt it. In the event of your death, the two lawyers will hand over their part of the inheritance to your family and they could decrypt the private key using the passphrase.
But how do you handle multiple wallets and addresses? I don't store all my bitcoins in one wallet or one address. I would have to leave the private keys and passphrases to every one of them and update them as time passes and I add more and more wallets and addresses.
What is your opinion on this issue? How to handle this properly and securely?
Leave the private key to your lawyer. This would seem the most obvious route, because the lawyer already has access to your estate and takes care of it after your death. You can leave your private key encrypted with one lawyer and leave the passphrase to another lawyer, that don't know of each other so that after you pass away your family receives the private key and the passphrase to decrypt it. In the event of your death, the two lawyers will hand over their part of the inheritance to your family and they could decrypt the private key using the passphrase.
But how do you handle multiple wallets and addresses? I don't store all my bitcoins in one wallet or one address. I would have to leave the private keys and passphrases to every one of them and update them as time passes and I add more and more wallets and addresses.
But how do you handle multiple wallets and addresses? I don't store all my bitcoins in one wallet or one address. I would have to leave the private keys and passphrases to every one of them and update them as time passes and I add more and more wallets and addresses.
Use a Google account and setup the "Inactive Account Manager". Set it for a period of inactivity of say 6 months ... then after that period passes without you logging in, access / information is sent to a nominated person of your choosing.
You can then store the documents inside Google Drive. As to how you store the files, they could be plain text or a zip/encrypted file. You can also store wallets there ... you can leave instructions on how to use etc.
If your'e extra paranoid, you can encrypt the files before they go onto Drive, just make sure you have instructions on how to decrypt them and make sure you test it.
Just remember no-one should be accessing your Google account or know the password.
The password should be completely unique with 2 factor authentication enabled on it.
This was discussed a couple of times already and there was no "best" method found yet.
The last thread I know of is: https://bitcointalksearch.org/topic/bitcoinalts-in-your-will-2792960
I also suggest you google for: bitcoin inheritance death site:bitcointalk.org
Basically there's no "guide" I know of, since there's no best method.
You should continue those threads instead of starting new ones, which will likely contain that info all over again.
The last thread I know of is: https://bitcointalksearch.org/topic/bitcoinalts-in-your-will-2792960
I also suggest you google for: bitcoin inheritance death site:bitcointalk.org
Basically there's no "guide" I know of, since there's no best method.
You should continue those threads instead of starting new ones, which will likely contain that info all over again.
Does anyone know of a guide that allows you to leave your cryptocurrencies to your family in the event of your death?
There are multiple issues that I see with all the ideas that I had, but the following is the best setup I could come up with until now:
Leave the private key to your lawyer. This would seem the most obvious route, because the lawyer already has access to your estate and takes care of it after your death. You can leave your private key encrypted with one lawyer and leave the passphrase to another lawyer, that don't know of each other so that after you pass away your family receives the private key and the passphrase to decrypt it. In the event of your death, the two lawyers will hand over their part of the inheritance to your family and they could decrypt the private key using the passphrase.
But how do you handle multiple wallets and addresses? I don't store all my bitcoins in one wallet or one address. I would have to leave the private keys and passphrases to every one of them and update them as time passes and I add more and more wallets and addresses.
What is your opinion on this issue? How to handle this properly and securely?
There are multiple issues that I see with all the ideas that I had, but the following is the best setup I could come up with until now:
Leave the private key to your lawyer. This would seem the most obvious route, because the lawyer already has access to your estate and takes care of it after your death. You can leave your private key encrypted with one lawyer and leave the passphrase to another lawyer, that don't know of each other so that after you pass away your family receives the private key and the passphrase to decrypt it. In the event of your death, the two lawyers will hand over their part of the inheritance to your family and they could decrypt the private key using the passphrase.
But how do you handle multiple wallets and addresses? I don't store all my bitcoins in one wallet or one address. I would have to leave the private keys and passphrases to every one of them and update them as time passes and I add more and more wallets and addresses.
What is your opinion on this issue? How to handle this properly and securely?
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