Topic: How to protect your crypto before death? - page 4. (Read 773 times)
for now i'm ready to make a backup from my digital asset, and i have in my hand, i'm write all of my personal access of my asset and account and sometime i can give to the my family so they can access anythime when something happen to me
Which is why, I'm eager to know which are the best practices to preserve my cryptocurrency in case I die in the future? Any recommendations or suggestions will be highly appreciated. Thanks in advance.
I don't know why you want to protect it. But if you ask me I will not protect anything. I don't want sometime else to have my hard work or coins even my beloved ones. But still if you want someone to access your crypto after your death then go with your parents first, siblings next then your wife. Just tell them your private key.
We do have a lot of ways now for us to protect our crypto, but as per me, at least one person that you trusted most such as your parents, kids or wife/husband should know your password, crypto wallets, so that in case of emergency, someone knows it and will have access to it. For me, it is better than keeping secret for life, we don't know what will happen tomorrow.
This question has been answered I think late 2017. And you're a legendary member and for sure you saw that post. Anyway, I will just include here what I remembered and what I learned from that topic.
I remember that somebody said that you should tell to some people that you are involved in cryptocurrencies and then tell them about your private key.
I also remembered that you should pray so that the unexpected death of yours will never occur lol.
I remember that somebody said that you should tell to some people that you are involved in cryptocurrencies and then tell them about your private key.
I also remembered that you should pray so that the unexpected death of yours will never occur lol.
I don't know why you want to protect it. But if you ask me I will not protect anything. I don't want sometime else to have my hard work or coins even my beloved ones. But still if you want someone to access your crypto after your death then go with your parents first, siblings next then your wife. Just tell them your private key.
sudden death and death can't be predicted either right your assets will be lost if not put in a record ,make a map like a treasure and only family members can open it or more simply you must inform your family about all the crypto funds you have ,trust your family and dont be stingy because money will not be taken to die together
I don't have a will made out yet, but I do have all the information needed to recover the crypto I have written down in a notebook, plus I've told family members about it. I think that's all I'd need to do myself, but I'm sure it would be different for someone who actually owns a ton of crypto (I do not).
For a whale or someone who has tens of thousands of dollars or more in bitcoin or alts, I would recommend having a will drawn up as well as telling the person or persons you're leaving it to how to access it upon death. Goes without saying that you should be able to trust that person.
For a whale or someone who has tens of thousands of dollars or more in bitcoin or alts, I would recommend having a will drawn up as well as telling the person or persons you're leaving it to how to access it upon death. Goes without saying that you should be able to trust that person.
First of all, we must explain to a trusted family first, then make a video recording of how to log in on several sites such as the exchange market or crypto wallet. and explain if someday I die, sell all this crypto asset into money so that it can be used for useful things.
I don't need to protect my crypto assets, I just need a family that I can trust.
Agree with you that there really should be a family that we can trust to be able to manage our assets if something unexpected happens so that our assets not only settle but also can be useful for them whether they are used for family or others I don't need to protect my crypto assets, I just need a family that I can trust.
Tell your loved ones your private key, and if it's a natural death (except heart attack) you should have plenty time to let your loved ones know about your crypto.
i can across the same thread just few days ago related to this. think think someone suggested to create a paperwallet laminate it and put it in a container air tight and just pour cement to it probably upper ground. and tell that in your last willing testament where your coins are. not a really secure idea but it will work unless a bad blood will find out the first. he will have to wreck a wall for it to be recovered, i doubt no one will notice him.
teach your wife to access the crypto wallet in detail so they know everything, including making and securing it independently. Sensitive data such as pass/keys are written on paper and given as a will, only to be opened when you experience the worst event.
If you are not sure about this, then you should immediately melt it into fiat to deal with other possibilities. The point is it's important to give them knowledge as soon as possible before you die. don't trust other people.
If you are not sure about this, then you should immediately melt it into fiat to deal with other possibilities. The point is it's important to give them knowledge as soon as possible before you die. don't trust other people.
Only you should know how to do it as we don't know which wallet you're using right now. But if you really want your family members to take care of your crypto after your death then You should use a paper wallet to hold your crypto. After your death, they can use the private key & get access to your crypto. Though someone from your family should have to know how crypto works or basic knowledge of cryptocurrency. You can use a hardware wallet as well and keep the wallet information in your diary. Also, they should know how much you own in crypto.
If at some point in time I come across death, how would I actually preserve my crypto for other family members to enjoy? I mean, this should be a concern to every crypto enthusiast since all the money they've earned over time could easily be lost without the ability to be recovered by someone else. The decentralized nature of crypto, leaves us responsible of protecting our own funds no matter what.
Which is why, I'm eager to know which are the best practices to preserve my cryptocurrency in case I die in the future? Any recommendations or suggestions will be highly appreciated. Thanks in advance.
Which is why, I'm eager to know which are the best practices to preserve my cryptocurrency in case I die in the future? Any recommendations or suggestions will be highly appreciated. Thanks in advance.
get a tattoo with your private keys (QRcode even?)
don't tell anyone about it
when u die your loved ones will either find it, or you can leave the details about it in your will
Even if u die naked with no ID, your crypto keys might survive that way haha
I meet several times for this kind of thread and I'll always answer that I have to trust someone who can be able to access my wallet. I just wondering, do you have someone who can trust you to access your wallet now? I you don't, it would be good you can trust him/her right now, expect you didn't have anyone.
For myself, I trust to my wife to access in my all activities in cryptocurrency. I told her that I have some exchange and there are some coin on the wallet which have a value and she can sell it when I leaving her. You have to think, what your purpose to make money, if it is just for yourself and you don't need to tell your prikey and all your activities on this field, it depend on your situation for sure.
For myself, I trust to my wife to access in my all activities in cryptocurrency. I told her that I have some exchange and there are some coin on the wallet which have a value and she can sell it when I leaving her. You have to think, what your purpose to make money, if it is just for yourself and you don't need to tell your prikey and all your activities on this field, it depend on your situation for sure.
I’ve already tell my partner about bitcoin and I’ve already created a letter about it so my family wont be fight about the small money i left for them. Its not easy to secure it but trust only those who are close to you and you know that they will not do anything about it. If the death comes, at least we still have something to give to our family and we work for that money.
Done with doing the same thing. I already informed my wife with my holdings and teach her on how to work with my wallet incase of any accident happen at least they are secured enough to use all the savings. All my hadwork and invested time with my crypto activities.Saving little by little as I understand that future will be good for this entire industry.
Your thought is very thoughtful and everyone involving in cryptocurrency should take it into account. Cryptocurrency is decentralized and others cannot get access to your portfolio if you do not share your private keys. The only way to transfer your portfolios to your near ones is share your private keys to the person you trust very much.
i could tell you to save it in a backup cold storage, and tell where they are only to your family, in case you dead they can retrieve your fund, paper wallet are also good, but also brain wallet, if you for example memorize a seed associated with your private key you can easily get it, if you want
There is no 100% safe method to store your private keys. Even if you take a printout and store them somewhere safe, there is always a chance of someone stealing those papers and hacking in to your wallet using them. One method that I thought about is to share my private keys with some of my relatives and friends. But here the problem is that even among my relatives, there is no one whom I can trust 100%. Also, many of them would refuse to store my private keys, due to the risks involved.
this is a topic that sounds a little funny. why are you worrying about that? even as long as we live, our crypto will always run out if prices rise. and if the market is falling, we don't even care to buy anything in crypto.
yes i know what you mean but i don't think it's just the OP or other users who worry about it, even i personally think about it. the reason is that no one knows the death of someone including you later. so it doesn't hurt if you start thinking about it before your family enjoys the results of your work while in this industry, then who will find out about your large investment if you die suddenly? before you even have time to tell the people closest to you, because you can't possibly pocket your investment to your final resting place? so think about it.
First of all, we must explain to a trusted family first, then make a video recording of how to log in on several sites such as the exchange market or crypto wallet. and explain if someday I die, sell all this crypto asset into money so that it can be used for useful things.
I don't need to protect my crypto assets, I just need a family that I can trust.
it doesn’t always have to be a family. many people have better relations not with family but with very close friends, for example. it’s important that this is must be the person whom you trust 100 percent I don't need to protect my crypto assets, I just need a family that I can trust.
Jump to: