If something happens with me today or tomorrow, I have a several peoples whom can I trust. They know my passwords, where I keep it and how to access to my funds. Also they know how exchange it to fiat.
Why not instruct your loved ones to use it? Since withdrawing money from the market usually does not take much time and only requires a little knowledge, they can do it. I never trust others so I will never guide them because the risk is too great and if they are greedy, they will definitely take all your assets. In my opinion you should guide your parents right now or make a detailed video tutorial for them to understand.
Topic: If You Died Tomorrow, What Would Happen To Your Crypto? - page 2. (Read 2607 times)
Quote
Not Your Keys, Not Your Bitcoin - Andreas Antonopoulos
The down side of crypto is that there is no way to recover coins if you lose keys or lose the person. Best thing to keep your investment alive after your death is to pass keys/passwords to your next of kin asap. Everyone on this forums should spread this to create awareness.
This question is deep, well for me my younger brother has access to my crypto assets so if anything should happen to me he will take charge of my assets
That is a very sensitive topic as not many people actually see themselves dying anytime soon. But it is good to take necessary precautions as it will give your close family additional funds to handle your burial with. Safe haven is a cool project for this. As for me, I will leave clues and instructions that my family can find which will lead them to my crypto assets
As more and more investors join this sector, a question everyone should be asking themselves is: "What happens to my crypto if I was to die unexpectedly soon?"
I understand the thought of this is depressing, but it is inevitable and the only thing that matters is whether you prepared for it or not. Most of us have enough money in this game to start preparing for this in order to prevent it from going to waste.
If you haven't planned around this, or even thought about it yet, I recommend investigating the few options below:
1) Include all your wallets and passwords/seeds in your will. Make sure you include instructions on how to access your funds as well as giving these to someone not familiar with crypto will be just as useless as not even including them in your will.
2) Along with the will, teach the closest person in your life how to access your funds. Whether this is your significant other, family member, or really close friend, make sure someone understands how to access a wallet and transfer/sell the funds. Just like how you should be researching projects before you invest in it, make sure you choose who you share your secrets with carefully.
3) Take a look at Safe Haven. Safe Haven is building an Inheritance Platform that will allow you to do everything above, but with a legal entity that understands crypto and will make sure your funds get in the right hands. Not only will you reassured that your funds are secured and inheritable, but you will also be increasing the adoption of crypto yourself, outside of just investing into it.
So no matter what you are invested in, if it is a large amount of money, I recommend you begin thinking about the future. Crypto is very complex and requires a lot of time to make it fully inheritable, so please make sure you take the appropriate safeguards and steps in doing this correctly.
Sometimes we don't think about it and it can happen to us anytime. And I personally agree with the second option that you provide to teach people closest to me about what cryptocurrency is and how to access and do various things in cryptocurrency because for me if we only leave notes in a will but the people closest to us do not understand what cryptocurrency is and how to access it, it will only be in vain.I understand the thought of this is depressing, but it is inevitable and the only thing that matters is whether you prepared for it or not. Most of us have enough money in this game to start preparing for this in order to prevent it from going to waste.
If you haven't planned around this, or even thought about it yet, I recommend investigating the few options below:
1) Include all your wallets and passwords/seeds in your will. Make sure you include instructions on how to access your funds as well as giving these to someone not familiar with crypto will be just as useless as not even including them in your will.
2) Along with the will, teach the closest person in your life how to access your funds. Whether this is your significant other, family member, or really close friend, make sure someone understands how to access a wallet and transfer/sell the funds. Just like how you should be researching projects before you invest in it, make sure you choose who you share your secrets with carefully.
3) Take a look at Safe Haven. Safe Haven is building an Inheritance Platform that will allow you to do everything above, but with a legal entity that understands crypto and will make sure your funds get in the right hands. Not only will you reassured that your funds are secured and inheritable, but you will also be increasing the adoption of crypto yourself, outside of just investing into it.
So no matter what you are invested in, if it is a large amount of money, I recommend you begin thinking about the future. Crypto is very complex and requires a lot of time to make it fully inheritable, so please make sure you take the appropriate safeguards and steps in doing this correctly.
I have taken the backups of my Bitcoin wallet, but I haven't shared them with anyone. No one in my family understands the concept of cryptocurrency and there is no one among my friend circle whom I could trust 100%. I guess it is better to keep it that way. If I share my backup with someone, then there is always a chance that my wallet will get hacked and coins will get stolen.
this is like the saying, available umbrella before it rains.
so I mean, before I joined the crypto industry, I learned about blokchain technology, including the basics for accessing the crypto wallet. on the other hand I began to teach these basic things to my brother. I trusted them, so that if death came to pick me up, I would not worry about losing assets in my wallet.
very interesting question on this topic, some people have not realized that when death fetches their assets will disappear, so I mean, before I joined the crypto industry, I learned about blokchain technology, including the basics for accessing the crypto wallet. on the other hand I began to teach these basic things to my brother. I trusted them, so that if death came to pick me up, I would not worry about losing assets in my wallet.
this is like the news that I have read before, when people have large amounts of bitcoin then that person dies finally no one knows his private key and finally missing,
this is a lesson of course and I'm glad this topic was discussed
this is like the saying, available umbrella before it rains.
so I mean, before I joined the crypto industry, I learned about blokchain technology, including the basics for accessing the crypto wallet. on the other hand I began to teach these basic things to my brother. I trusted them, so that if death came to pick me up, I would not worry about losing assets in my wallet.
so I mean, before I joined the crypto industry, I learned about blokchain technology, including the basics for accessing the crypto wallet. on the other hand I began to teach these basic things to my brother. I trusted them, so that if death came to pick me up, I would not worry about losing assets in my wallet.
To be on a safer side, I think it would be great to share your details to some of our trusted family especially siblings or those married to their partners in case of tomorrow as nobody praise to die early but we hold not the key to death. Would be incredible we share details out kinda.
Quote
Not Your Keys, Not Your Bitcoin - Andreas Antonopoulos
The down side of crypto is that there is no way to recover coins if you lose keys or lose the person. Best thing to keep your investment alive after your death is to pass keys/passwords to your next of kin asap. Everyone on this forums should spread this to create awareness. That's why we should always share our information with our partners and it will help them to protect the coins after our death. We should always educate one of the people in our family so that we are not going to lose anything, that's why I am educating my wife what every the coin I hold in the wallets.
Before you die better give your bitcoin account to your trusted family or friend, we don't know some thing bad happen to us because every time we faced with big risk, we have give bitcoin account to trusted family and ask him to keep and safe our data without hacked by other people, you will disappointed without give to your family because when you die your bitcoin keep on your wallet forever.
Surely no one will know about my money. My family is uninformed and not interested in learning about cryptocurrencies. I am considering whether I should continue with this market or not
Death can come at any time, my sister also knows crypto, and we use one PC so there are no secrets, I give all the information to my sister so that if I die tomorrow or now then my crypto is not lost.
If something happens with me today or tomorrow, I have a several peoples whom can I trust. They know my passwords, where I keep it and how to access to my funds. Also they know how exchange it to fiat.
Sometimes I still think about actions like this, if we have given important data now to people we trust, can they provide guarantees for it? Then what do you mean by the person you trust is your family or your friends? I prefer to give it in the form of objects that can only be opened when I have died.Quote
Not Your Keys, Not Your Bitcoin - Andreas Antonopoulos
The down side of crypto is that there is no way to recover coins if you lose keys or lose the person. Best thing to keep your investment alive after your death is to pass keys/passwords to your next of kin asap. Everyone on this forums should spread this to create awareness. You have to be advanced in order to do this, in short, always expect that you are not going to wake up tomorrow and do have a family meeting regarding about this will of yours, to pass your knowledge and private keys to your family, what I mean of family is your wide, and kids, not your other relative that could only act like they care but their plan is to steal it from your real family.
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If something happens with me today or tomorrow, I have a several peoples whom can I trust. They know my passwords, where I keep it and how to access to my funds. Also they know how exchange it to fiat.
How come you can give your data when you die tomorrow before giving now? did you think when you die some thing bad happen to you and have chance to give your bitcoin wallet account to your family? before some thing bad happen with you better give your important data of bitcoin wallet with your trusted friend or family, give all wallet for them.Nevertheless, I don't support the part of giving out your wallet information to friend where you can actually give to someone within your family.
my family knows that I have assets in crypto form and they also know how to access and sell them because I give all the information to my family that is entrusted. so I thought they would hold crypto when I was gone
roight . i can trust my family more over my cousins but if that is its case then much better if he can make a statement ( like what you said ) so that the righful owner can guarantee that his cryptos will be spend on the right stuffs or will be given on the right kind of people such as his family . his cousin can still get some shares tho . many people on the past didnt do it and sadly thier cryptos are lost in the space ( which is bad i think ) because it didnt circulate in the market .
You should at least trust your family and friends too, in times of need whether good or bad for sure they will be the one who will help you, so I don't have any reason at all to not trust them, in fact everything that I am doing is for them, every knowledge that I have, little by little I am sharing it to my friends and siblings as I want them to be part of cyrpto success too and for them to be able to have good source of income too.
Quote
Not Your Keys, Not Your Bitcoin - Andreas Antonopoulos
The down side of crypto is that there is no way to recover coins if you lose keys or lose the person. Best thing to keep your investment alive after your death is to pass keys/passwords to your next of kin asap. Everyone on this forums should spread this to create awareness. 
Quote
Not Your Keys, Not Your Bitcoin - Andreas Antonopoulos
The down side of crypto is that there is no way to recover coins if you lose keys or lose the person. Best thing to keep your investment alive after your death is to pass keys/passwords to your next of kin asap. Everyone on this forums should spread this to create awareness. Jump to: