What happens to your tokens when you're gone one day? - page 5.

wuvdoll

legendary

Activity: 1442

Merit: 1025

Quote from: DisWhale on February 11, 2019, 04:56:56 AM

Just recently, a news showed how one crypto whale died with his cryptocurrencies worth millions of dollar. No member of the family had access to his private keys and other login details. Are you ready to face the same fate and leave your children or family without having access to your hard earned cryptocurrencies some day to come?

That must be really pathetic situation for a family due to ignorance of one crypto adopter. He must have prepared to face everything because nothing is certain in this world and everything might change upside down in a fraction of second itself hence everyone here must need to be prepared to inherit our wealth to our next-generation so that we will find some meaning for our time and hard work. We should not waste our crypto savings hence need to take steps accordingly.

Quote from: DisWhale on February 11, 2019, 04:56:56 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?

How it will be risky to show with our family members. I really could not understand what kind of situation you are referring. It may be different family system in your country than mine. I guess if we are not able to trust our family members then who else we may able to ?

various

sr. member

Activity: 854

Merit: 267

Death is inevitable for all of us. Therefore, if we are interested in crypto coins, we must teach the process to our family. Otherwise, all our labor will be wasted. We can prepare a simple and descriptive little crypto guide, so that our family can enjoy our crypto accumulation when we die.

AwoCorporation

member

Activity: 296

Merit: 10

Quote from: johnleo on February 12, 2019, 02:36:49 AM

I think you should teach your heir about crypto and then put your private key as usual where you the only one who can access it then as most common people if someone of their relative died, the heir can access the belonging of dead people.

it's like a necessity it seems. our environment, friends and family I think already know and we ourselves need not be afraid, because they especially families also have the same access.

piebeyb

legendary

Activity: 2464

Merit: 1039

Bitcoin Trader

Quote from: DisWhale on February 11, 2019, 04:56:56 AM

Just recently, a news showed how one crypto whale died with his cryptocurrencies worth millions of dollar. No member of the family had access to his private keys and other login details. Are you ready to face the same fate and leave your children or family without having access to your hard earned cryptocurrencies some day to come? 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?

I have been thinking about this for a long time, so I only entrust one person who will take care of it, so this is the importance of trust. I have to give one person to inherit my property to the family, you can trust your child or your wife but if not anyone you can trust, you can look for it out there, you can save it somewhere where it is not connected to the internet and when you go it can be inherited with complete information where your assets are stored

florac9

jr. member

Activity: 280

Merit: 2

☀️ Iskra Coin ☀️

If I give up the ghost someday and I'm still holding some tokens then my tokens will be gone too unless I get married then I will share my private keys with my wife and kids

Levyathan

jr. member

Activity: 434

Merit: 1

My token is really like to gone just like me. Whenever I gone for a day, my crypto will slowly fell off without my knowing at all.

Freescan

jr. member

Activity: 397

Merit: 1

I thought only I thought about it but there were also many who thought about it when they left forever, related to that I had secured my assets like a will for the family in the sense of being intermediary and not directly giving it the private key.

johnleo

full member

Activity: 1414

Merit: 100

I think you should teach your heir about crypto and then put your private key as usual where you the only one who can access it then as most common people if someone of their relative died, the heir can access the belonging of dead people.

bit-freedom

sr. member

Activity: 658

Merit: 256

I did keep a copy of my private keys and seed words for my family. I kept the copy in a safe place but the only worry is that my family cannot find the paper or don’t understand what is in it. I did teach my family to use my crypto desktop wallet and hardware wallet, but I don’t think they are learning seriously.

Olayinka225

jr. member

Activity: 322

Merit: 1

I think the answer is simple and straight forward.
I even wanted to share the case of that exchanger owner that died and nobody was able to access the exchanger after the death and I know that's the end of all the money and accessibility to the exchanger, the news was actually carried by BBC on there Business News. So I think literally, from now on one should atleast let one of his/her children know the login details to his/her accounts.

tiggytomb

legendary

Activity: 1848

Merit: 1000

Quote from: DisWhale on February 11, 2019, 04:56:56 AM

Just recently, a news showed how one crypto whale died with his cryptocurrencies worth millions of dollar. No member of the family had access to his private keys and other login details. Are you ready to face the same fate and leave your children or family without having access to your hard earned cryptocurrencies some day to come? 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?

Suppose you would do it in a similar way to everything else, the only difference is that you would be leaving your private keys and possibly some instructions.

Gabali126

jr. member

Activity: 322

Merit: 2

Quote from: DisWhale on February 11, 2019, 04:56:56 AM

Just recently, a news showed how one crypto whale died with his cryptocurrencies worth millions of dollar. No member of the family had access to his private keys and other login details. Are you ready to face the same fate and leave your children or family without having access to your hard earned cryptocurrencies some day to come? 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?

For now, most of my cryptocurrency wallets login details are known to me alone but I have started giving clues about them to my wife so that she can access them later.

Nitori_m

jr. member

Activity: 346

Merit: 1

Keep the password in a bank safe and leave a will with your lawyer that else where it is.

sonicwave

full member

Activity: 490

Merit: 101

Quote from: DisWhale on February 11, 2019, 04:56:56 AM

Just recently, a news showed how one crypto whale died with his cryptocurrencies worth millions of dollar. No member of the family had access to his private keys and other login details. Are you ready to face the same fate and leave your children or family without having access to your hard earned cryptocurrencies some day to come? 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?

And the problem is to leave all the passwords from the wallets somewhere on the record and store it in a safe as a post-mortem note. The main thing to want.

pakupayung

member

Activity: 437

Merit: 12

Because we do not know the bad fate when it comes, of course there must be a will left for the closest family. It is very risky to immediately give a private key or password without giving any explanation and knowledge about crypto and the markets to them. I trust of my lovely families so I don't want to be selfish and not matter give them private keys or passwords but before that I have to first explain everything related to crypto to them.

bassbity

sr. member

Activity: 1092

Merit: 284

If I go forever I will entrust my private key to the son of a brother and I will teach them to take care of the asset and use it well, and will not let anyone know other than what we believe.

overnight03

member

Activity: 308

Merit: 10

I participated in this cryptocurrency market with not much money and I am also very happy even if the money is lost but if I join the market with a large amount of money, I will definitely have preparation in advance

StatesManG

copper member

Activity: 462

Merit: 10

I have thought about this everytime even before the news came out, although I have my keys both on hard copy and soft copy but my only problem is if my family will know what it is. So I think I will educate them on this and let them know just incase

Mianae

member

Activity: 798

Merit: 14

When anyone is gone, those who were close to him whom he or she trusted enough to know their passwords and wallet keys will take over their tokens but in a situation where no one knows your crypto life details, then you leave your tokens to be gone with you as well.

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

This are issues that need to be addressed as regards getting access to the private key of a bitcoin holder I trust my wife and I have been trying to educate or teach her how to access crypto wallets and having access to my papered passwords, I am encouraging Cryptos hodlers to entrust their keys to a trusted fellow as way a to avoiding loss of Cryptos in event of any in eventuality.

Topic: What happens to your tokens when you're gone one day? - page 5. (Read 829 times)