What happens to your tokens when you're gone one day? - page 3.

Gridness

copper member

Activity: 358

Merit: 2

Quote from: DisWhale on February 11, 2019, 05:56:56 AM

Showing your wallet login details to them now can also be risky so what are some of the preparations you are making towards the retrieval of your money when you are gone for life one day?

preparation what must i do is, teach my wife and son how to access the wallet and how to withdraw it. I trust them and no risky for me.

traderethereum

hero member

Activity: 2870

Merit: 574

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I will delegate to someone that I trusted to hold my tokens and gives the profit to my family because I want to make sure that my family will get benefits when I went. I don't want to bury my tokens without any chance for me to give something worth for my family especially for my kids. But if I don't tell anything to them, I will go with all of the tokens I have in my funeral and I cannot gives benefits to them. I don't want its happening with my family because at least, I can give the opportunity to them to continue for what I've done before.

marjil

member

Activity: 454

Merit: 13

Quote from: Bitknick on February 11, 2019, 07:24:11 AM

In my family there are no problems with this, and everyone knows where they are and how to use cryptocurrency, so I don’t worry about it!

Yes but not everyone klnows how to use the crypto and if they don't have access to your wallet or your storage they might not be able to access it when necessary and this could mean you lose your coins one day.

maculeth

member

Activity: 714

Merit: 11

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therefore, it is important for us to tell one of our family members. especially the wife, so that when we go someday, our coins will be useful.

clonely

member

Activity: 490

Merit: 10

SEND AND RECEIVE MONEY INSTANTLY

It's always a possibility for someone to steal your cryptocurrencies wallet. But more likely, the meteorite could fall on you or you may fall down the road and hit your head on the stone.

If you think about the possibilities, you might miss a lot. I would like to consider different areas where you can earn instead of gain ...

Pffrt

sr. member

Activity: 1372

Merit: 322

There is no other way to create a MultiSig wallet in this case because if you share your private key with someone, you are not the owner anymore. So, it's risky. With huge money, there is no one to believe in this world.

EdenHazard

legendary

Activity: 2674

Merit: 1048

There is no special way that really works when someone who loses the private key or he has died, the wallet that has been returned will be opened and retrieved.

Maybe it's time for us to entrust someone and give them a private key or anything that relates to our wallet. Unless we will only let that the assets we have settle down just like that.

djuragan

sr. member

Activity: 770

Merit: 250

This case is still far away from being glimpsed in mind. I don't really know what will happen to that cryptocurrency, cause i've ever lost my private key of wallet that contain some coins. And up until today i don't really know what happen to that coins that i loss access to it.

boyz97

full member

Activity: 658

Merit: 106

Quote from: tabas on February 12, 2019, 09:19:58 PM

Create set of instructions that's designated for your family. Tell them that they shall open that instructions when you're gone or you passed away. Include all of those things that they need to know and easy to follow instructions on how they can retrieve your bitcoins.

much people worries about their cryptocurrency asset if they die.there is no one could access our asset except they know it.and just for preventing bad accident , i am agree with you.we have to make a note about the instruction.so even common people could undertand it.

tuanytcc

member

Activity: 476

Merit: 14

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That is a quite common story in crypto market and it shows the in another hand of absolute security. There were lots of value coins which were disappear by this way

tabas

hero member

Activity: 3024

Merit: 745

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Create set of instructions that's designated for your family. Tell them that they shall open that instructions when you're gone or you passed away. Include all of those things that they need to know and easy to follow instructions on how they can retrieve your bitcoins.

yarelydiaz

copper member

Activity: 560

Merit: 64

I thought about this question, even when I registered my first wallet. And as far as I remember, there was even some kind of ICO at the end of 2017, which offered the service like transfer of wallets by inheritance jeje I think you need to always have a fallback in such a case.

gidaahmad

full member

Activity: 476

Merit: 100

My token is really stored safely in the wallet. And so far, I don't want to sell the ICO coin that I followed from 2017. The reason is that I lost the moment at ATH last year. A little makes me regret, but there is still hope.

fortunecrypto

legendary

Activity: 2450

Merit: 1047

It's really important and it's recommended to create a video that will give instruction where you kept your private keys and how everything works, those tokens/coins you are holding could be worth hundred times of its value today, so better start creating one now.

entebah

full member

Activity: 1489

Merit: 150

Yes after I read this thread I immediately wanted to tell my wife about my digital asset password, because until now my wife had not been told by me about my digital asset password. I am really lucky to find this thread. Thank you

edmundo

copper member

Activity: 518

Merit: 2

These are digital assets and it means they can be backed up somewhere and given out as properties in a will to people closest to you. This is why, it is necessary and important to share some of the most kept secrets with someone you trust. This way, in the event of your demise, the assets live on forever waiting to be retrieved. This is important and should be consider by all amongst men.

Cryptrx

jr. member

Activity: 498

Merit: 1

Worlds Simplest Cryptocurrency Wallet

I think my sibling can access my crypto wallets and exchange accounts in the case in no longer around. I think we should have someone trustworthy know where to find the keys and passwords to our wallets.

Luvr1000

member

Activity: 504

Merit: 10

I have seen a project that solves this problem, in this company you can write something like an inheritance, and if something happens to you, the project team will send a notification and all the data with the keys, your relatives or the person you specified, if I can find this company I will give you a link

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

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Quote from: PuertoLibre on February 12, 2019, 05:58:42 PM

Quote from: kopisusu on February 12, 2019, 05:10:52 PM

I've told my wife my wallet password so if one day I go or die, my child and wife can still access and sell crypto assets that I've ... yes even though now my wife doesn't know about crypto at least she already knows password that will used for access my wallet

Sometimes i can't keep away useless questions about believing to relatives who have no idea about crypto,wallet,password. After leaving the earth my only person who can dechiper the cold wallet is my brother and i kept my wallet seed in bank storage which only i have access to it. Questions keep my mind busy.

Then just hand him the seed just incase, it is as simple as that.
You can also use multi signature in case of him trying to take the tokens without you knowing so that you dont need to worry anymore.

PuertoLibre

legendary

Activity: 1890

Merit: 1003

Quote from: kopisusu on February 12, 2019, 05:10:52 PM

I've told my wife my wallet password so if one day I go or die, my child and wife can still access and sell crypto assets that I've ... yes even though now my wife doesn't know about crypto at least she already knows password that will used for access my wallet

Sometimes i can't keep away useless questions about believing to relatives who have no idea about crypto,wallet,password. After leaving the earth my only person who can dechiper the cold wallet is my brother and i kept my wallet seed in bank storage which only i have access to it. Questions keep my mind busy.

Topic: What happens to your tokens when you're gone one day? - page 3. (Read 801 times)