If I die can someone achieve my btc. - page 4.

molsewid

hero member

Activity: 2170

Merit: 530

Quote from: ipanks on April 23, 2021, 10:02:07 AM

I am curious with what you say to your wife.

You can explain that as long as you tell her about your private keys and everything about your bitcoin in your wallet, she can use it easily as you without a problem. If she does not know much about bitcoin, you can teach her the basic thing about bitcoin and how to use the wallet, including how to send and receive bitcoin. By doing that, you can delegate your bitcoin and your wallet before something worst and who knows, she can use your bitcoin better for her life and your child.

Actually letting them know about bitcoin or the keys, the passwords of any of your wallets be it digital or hardware wallet are not really enough if she doesn't know how to use it. So better than letting them know, leaving them the hints, the keys start teaching her the basics of crypto like how to use this tools, how to open the apps simply the basics. Having bitcoin for me was more than being lucky and worth it to have and very valuable.

ilovealtcoins

sr. member

Activity: 1246

Merit: 263

SmartFi - EARN, LEND & TRADE

Write a will and it contains the contents of your cryptocurrency. Don't worry too much about someone stealing your crypto because it's unlikely, it'll stay in your wallet forever if you don't tell anyone about it.
I used to worry about your worries, maybe now I should have a plan for myself.

goldade

full member

Activity: 896

Merit: 104

The Standard Protocol - Solving Inflation

This question is one everyone doesn't want to answer because we do not think we are going to die soon. The only way to pass your bitcoin to someone else if such coins are in a custodial wallet and not in an exchange wallet. That's not all though, the recipient of the coins must also have the seed phrase. With the seed phrase, anybody can recover the funds in a wallet.
The issue, however, is that of trust. Many people have fallen victim to getting their coins stolen just because they gave their seed phrase to someone who took their coins even before their death.
I believe the seed praise should be given to only trusted people who can't rob you.

YOSHIE

legendary

Activity: 2128

Merit: 1775

Quote from: Ebede on April 22, 2021, 09:02:33 AM

Because it's very easy and faster in trading and transaction.

As you said the Bitcoin transaction process is easy if you teach it all to your wife.

The important thing is from an early age you have to start to trust your wife and try to honestly say all the assets you have to your wife, this actually does not only happen to other crypto assets but the same thing, trust each other.

kolbalish

member

Activity: 627

Merit: 14

Crypto Article Sharer!!!

I reveal this question as bizarre as the others. The wife unexpectedly asked why such a dilemma! It doesn't even touch upon whether the person is sick or not, so I uncover it weird. If it is known that the man is sick or will die in a limited number of days, then it would be reasonable to tell the wife everything about Bitcoin. Then it will be susceptible for the wife to consume it.

bosede1

member

Activity: 714

Merit: 16

Anybody can access your bitcoin after you pass away so far you have given them the necessary information and learnings before the passing over. Example like your seed, passwords, 2FA procedure and all sort

ivankoh

full member

Activity: 1428

Merit: 120

Sugars.zone | DatingFi - Earn for Posting

Quote from: Ebede on April 22, 2021, 09:02:33 AM

I went to market with my wife to buy things for our new born baby, after my wife selected baby things that Worth thousands and I paid with my btc,the transaction was very easy and faster. When we returned home ,she asked if you die can I achieved your btc or continued with your account? Because it's very easy and faster in trading and transaction.

Sure, you then made a payment with a bitcoin wallet stored on your phone to scan the bitcoin wallet code for that process. Bitcoin has no inheritance for the next generation whether it's your wife or kids. But a private wallet, blockchain for example, installed on your phone is possible, and trying to do it before you die is to leave your wife the assets you have

) Lol

ipanks

hero member

Activity: 1610

Merit: 507

Quote from: Ebede on April 22, 2021, 09:02:33 AM

I went to market with my wife to buy things for our new born baby, after my wife selected baby things that Worth thousands and I paid with my btc,the transaction was very easy and faster. When we returned home ,she asked if you die can I achieved your btc or continued with your account? Because it's very easy and faster in trading and transaction.

I am curious with what you say to your wife.

You can explain that as long as you tell her about your private keys and everything about your bitcoin in your wallet, she can use it easily as you without a problem. If she does not know much about bitcoin, you can teach her the basic thing about bitcoin and how to use the wallet, including how to send and receive bitcoin. By doing that, you can delegate your bitcoin and your wallet before something worst and who knows, she can use your bitcoin better for her life and your child.

Pokapoka124

hero member

Activity: 1148

Merit: 555

People don't talk about this topic often as much as it should. Death is inevitable and we will all go to the other side one day. It makes proper sense to write a will and declare your assets to your beneficiaries. The same applies to Bitcoin, you can use a bitcoin ledger, share your private keys with your beneficiary. But here also comes the issue of trust. But then this is something you have to do
Else it will stay forever on your wallet, lost from the rest of the world like the lost city of El dorado.

Ebede

member

Activity: 868

Merit: 38

Join hands and help me to grow everybody...

Quote from: protocon on April 22, 2021, 08:52:30 PM

hmm.... Why would she ask you that question? That's weird.... but probably you could because if she knows your private key she should be able to access to your account.

Bible made it know that husband and wife are one, so what ever you have belongs to your wife, using myself as a case study, base on the question I have to realized that our wife have to know the basics knowledge of cryptocurrency in case of death occurrence in human life, and if death occur she can take care of the family with your Bitcoin investment, to make the life suitable for our kids, so that should one of the reason while we should not hide our coins for our wife.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: Ebede on April 22, 2021, 09:02:33 AM

the transaction was very easy and faster

Although the overall idea of the topic sounds legit, I'm not convinced about this part. These days everybody complain about high fees and slow transactions and you tell about easy and fast, a bit strange...

On the overall topic it's simple. Share private key/seed/hardware wallet with the loved one if you trust her enough with that and problem solved. Also tell her where you keep the backup private key or seed.

Iceblast

full member

Activity: 783

Merit: 100

Quote from: Ebede on April 22, 2021, 09:02:33 AM

I went to market with my wife to buy things for our new born baby, after my wife selected baby things that Worth thousands and I paid with my btc,the transaction was very easy and faster. When we returned home ,she asked if you die can I achieved your btc or continued with your account? Because it's very easy and faster in trading and transaction.

so maybe I would advise you to keep most of it in a hardware wallet. then you can use an exchange like binance for small scale storage, this is useful for you to go shopping or anything that uses btc payments you can only do it by scanning a QR code. it is very easy and you can also store your btc safely

Cvetik56

jr. member

Activity: 180

Merit: 5

Good topic. It might sound odd or dark but it's important thing. You can save data of your wallet and sign her in bequest to pass it to her. I think it's one of the safest ways.

mezzaluna

member

Activity: 518

Merit: 23

★Bitvest.io★ Play Plinko or Invest!

Quote from: Ebede on April 22, 2021, 09:02:33 AM

I went to market with my wife to buy things for our new born baby, after my wife selected baby things that Worth thousands and I paid with my btc,the transaction was very easy and faster. When we returned home ,she asked if you die can I achieved your btc or continued with your account? Because it's very easy and faster in trading and transaction.

That is a very thoughtful thing to do for your family. Its also much better to teach them how to use or even earn within the Cryptocurrency Industry. Its really nice to know that we are living in an age in which we can transition completely with cashless payments especially with the rate of the adoption currently happening. Having to live in a world that digital money and physical money coexisting is such a great idea since people living in places with no technology can still continue their normal daily lives with the use of traditional money.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Quote from: Ebede on April 22, 2021, 09:02:33 AM

I went to market with my wife to buy things for our new born baby, after my wife selected baby things that Worth thousands and I paid with my btc,the transaction was very easy and faster. When we returned home ,she asked if you die can I achieved your btc or continued with your account? Because it's very easy and faster in trading and transaction.

You can browse this forum for the threads that cover the creation of secure paper wallets (air-gapped computer) and then create your own paper wallets. Then take the Private key that are generated and split it into 3 pieces (Example 3Cb57 5gRC1 rHRs3H) and give her one of the pieces.

Now you take the two other pieces and give one to a trusted beneficiaries and one goes to your lawyer with your will. When you die, the beneficiaries have to come together to put the Private key together, for them to access your coins. Wink

Teach them how to sweep Private keys to wallets now, to prepare them for when they have to do it when you die. Wink

davis196

hero member

Activity: 3164

Merit: 937

Quote from: rodskee on April 22, 2021, 11:57:55 PM

Quote from: UserU on April 22, 2021, 10:12:18 AM

While bitmover has explained how to transfer the BTC wealth to the next of kin, that question sounded so dark; after shopping, go home, gets asked "Will I get your BTC if you die?".

Actually i felt serious in that one also , Because why talking about death just hours after She saw you used that BTC transaction ? haven't OP told His Wife about BTC ever since or they did not tackled how this works?

I find it offending if i were in His place to be asked like this in not so formal manner after seeing the function.

But regarding the question ? since you looks like wanted to share it with her, Then why not give her the Private key also ? since that is your conjugal wealth being married couple.

I felt like damn,this guy married a devious gold digger(or probably a "black widow"). Grin

If a woman asks me that question,I would be like "Stay away from my Bitcoins you b*tch,you won't get anything,my kids will inherit my BTC,not you!" Grin

I would then probably get a divorce after that. Grin

Such question is really offending.As if that woman is planning to kill the guy and get all his money/assets.

rodskee

full member

Activity: 2520

Merit: 204

Quote from: UserU on April 22, 2021, 10:12:18 AM

While bitmover has explained how to transfer the BTC wealth to the next of kin, that question sounded so dark; after shopping, go home, gets asked "Will I get your BTC if you die?".

Actually i felt serious in that one also , Because why talking about death just hours after She saw you used that BTC transaction ? haven't OP told His Wife about BTC ever since or they did not tackled how this works?

I find it offending if i were in His place to be asked like this in not so formal manner after seeing the function.

But regarding the question ? since you looks like wanted to share it with her, Then why not give her the Private key also ? since that is your conjugal wealth being married couple.

rhomelmabini

hero member

Activity: 2030

Merit: 578

No God or Kings, only BITCOIN.

You should have to be open to your wife or other relatives that could receive your bitcoins once you die, it's a matter like a last will and testament. Furthermore, for bitcoin I guess you should have to take them where your private keys are stored or tell them the password of the hardware wallet you're using.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Quote from: Ebede on April 22, 2021, 09:02:33 AM

I went to market with my wife to buy things for our new born baby, after my wife selected baby things that Worth thousands and I paid with my btc,the transaction was very easy and faster. When we returned home ,she asked if you die can I achieved your btc or continued with your account? Because it's very easy and faster in trading and transaction.

Wow, this is an issue that can lead to misunderstandings, on the one hand your wife is right about something, in a case that you die she needs money for her and the baby, and on the other hand, if we think badly, why does she seek to have control of your money? There are services that they offer that have to do with these cases, some lawyers when they make wills usually leave them a very specific explanation about how to distribute the fortune in Bitcoin, some write down the private keys, others keep them on the Blockchain but with an action plan, of all ways is a topic that you have to sit down to talk with her thinking about the baby's future. It is better to make things clear, when you have children if you can ensure their life is the best thing you can do as a parent.

kingkhan99

jr. member

Activity: 30

Merit: 1

We all need to have that conversation with our significant other and I think that talking about mortality is a therapeutic thing and a necessary thing that you couples need to talk at. For me, if I was to have that dilemma, probably a hardware wallet will be enough to suffice or you can do what Hal Finney did, he gave bitcoin to his kids.And if you can give your child your BTC then you will be fine

Topic: If I die can someone achieve my btc. - page 4. (Read 748 times)