Topic: What should we prepare to give cryptocurrencies to our family after we die? - page 2. (Read 377 times)
February 20, 2018, 07:00:56 PM
I think our credentials in our account is best thing to prepare and inform our love ones about this and prepare them and teach them about this crypto currencies. Money can be gone or used empty and cannot be continued but accounts and knowledge about this crypto currencies will be continued. Thats it, you should train your family on how to do it and that is the best way to prepare for your family if your done.
February 20, 2018, 06:57:08 PM
The best option is prepare something like testament with instruction how working cryptocurrency, and how start invest in it. Some informations which help your family start
February 20, 2018, 06:51:09 PM
All human beings will, of course, experience death, but their rightful possessions and possessions are the descendants of the heirs.
February 20, 2018, 06:54:58 AM
Maybe some of you just think about investing money and gaining/enjoying profits, but I always think about death
After I read a recent news article, who couldn't get their son's cryptocurrencies after their son's death,
I am now thinking about what should I do to give my cryptocurrencies to my family after my death?
Give me some suggestions!!!
Im all ears!!
February 20, 2018, 06:41:22 AM
I've already given instructions to family members (really close ones) how to retrive and sell my crypto holdings if i suddently die. For them it would be lifechanging money, so i had to ensure that they wont be sitting on an adress nobody can access.
Keep your family (the ones u trust) informed!!!
Keep your family (the ones u trust) informed!!!
February 20, 2018, 06:38:18 AM
If you have a big amount of money invested in crypto I think the best way actually is to do a Twitter tutorial with your password And keys And store it in a dare place ( bank, etc...)
Thats great idea @Tamango.Because they are too small too learn now and if we dont have somebody to trust than the best way is too do some kind of a video tutorial and keep it on usb
February 20, 2018, 06:32:56 AM
If you have hardware wallet you are keeping all your token then my suggestion is that you should let your son to know the pin to unlock your hardware so you can pass it on to your kid. Sensitize your kid about your holdings and cryptocurrency at large.
February 20, 2018, 06:27:57 AM
Maybe some of you just think about investing money and gaining/enjoying profits, but I always think about death
After I read a recent news article, who couldn't get their son's cryptocurrencies after their son's death,
I am now thinking about what should I do to give my cryptocurrencies to my family after my death?
Give me some suggestions!!!
Im all ears!!
February 20, 2018, 06:15:27 AM
I was recently thinking about this myself.
So I sat my partner down (she has no idea how to access wallets etc) and had a chat. I explained where all the important pieces she will need to access my accounts are and told her to contact a close friend of ours (Who knows crypto and how to access wallets) to open my wallet and transfer money she needs.
It was the only way I could think of for now to know my children will have access to it.
Exactly like that, give your child some basic education about blockchain and how it work. left your important private invormation somewhere save but still accessible when you pass away. So I sat my partner down (she has no idea how to access wallets etc) and had a chat. I explained where all the important pieces she will need to access my accounts are and told her to contact a close friend of ours (Who knows crypto and how to access wallets) to open my wallet and transfer money she needs.
It was the only way I could think of for now to know my children will have access to it.
February 20, 2018, 06:15:18 AM
This is possible to hand over your private key to a family member who know Cryptocurrency but will always be a problem,other family members will not benefit from this struggle if the one been handed to is a greedy person.
February 20, 2018, 05:58:48 AM
Its really one of the sensible question asked in thread even i thought about that . Recently i decide to make one crypto asset file and keep it in my file book where all my certificates holding . Atleast they will check these files for sure .
Its sounds like good idea but if they are not knowing about crypto currency how to use it . Then it will be piece of paper . Better to write complete summary and value of asset your holding as well as in future prediction . Again how long you will be creating these kind of letters. February 20, 2018, 05:57:31 AM
putting narration and information into a special disc.
I also store this box with other special items.
Before I informed my family that I had to kill
I also store this box with other special items.
Before I informed my family that I had to kill
February 20, 2018, 05:53:00 AM
Solid question - If you have a big money invests in crypto-coins I would reccomend making a tutorial video with your passwords and keys and keep it somewhere safe!
February 20, 2018, 05:43:56 AM
Its really one of the sensible question asked in thread even i thought about that . Recently i decide to make one crypto asset file and keep it in my file book where all my certificates holding . Atleast they will check these files for sure .
February 20, 2018, 05:33:01 AM
This is a very good point. As my brother was the reason for me to get into crypto as he's been around for three years now and knows the in-and-out, I have shared with him my private key from the beginning but now I saw this post, I think I'll have to share also my exchange access with someone from the family. It is true that you never know what would happen in your life and good to be prepared.
February 20, 2018, 05:25:14 AM
Maybe some of you just think about investing money and gaining/enjoying profits, but I always think about death
After I read a recent news article, who couldn't get their son's cryptocurrencies after their son's death,
I am now thinking about what should I do to give my cryptocurrencies to my family after my death?
Give me some suggestions!!!
Im all ears!!
I was recently thinking about this myself.
So I sat my partner down (she has no idea how to access wallets etc) and had a chat. I explained where all the important pieces she will need to access my accounts are and told her to contact a close friend of ours (Who knows crypto and how to access wallets) to open my wallet and transfer money she needs.
It was the only way I could think of for now to know my children will have access to it.
February 20, 2018, 05:10:18 AM
I already have a solution for that as i had this topic in my head earlier.
The way i found was that all of my passwords, private keys, bitcoin addreses that i ever used, in short everything i ever used in this crypto world, I've printed information of every damn thing in a diary. The way is, whenever i create a new exchange account or a new wallet address, i store all the information from my username to master seed separately in my pendrive and when there is enough information to fill a complete page, i print it out and stick it in my diary. And I keep the diary in my safe and no one knows about it and they'll eventually get to know when they go through my things after I'm gone forever!
The way i found was that all of my passwords, private keys, bitcoin addreses that i ever used, in short everything i ever used in this crypto world, I've printed information of every damn thing in a diary. The way is, whenever i create a new exchange account or a new wallet address, i store all the information from my username to master seed separately in my pendrive and when there is enough information to fill a complete page, i print it out and stick it in my diary. And I keep the diary in my safe and no one knows about it and they'll eventually get to know when they go through my things after I'm gone forever!
February 20, 2018, 04:51:58 AM
In my opinion, when we invest in this market, we need to take care of the reliability of our coins, but so that after death our family could dispose of my coins, it is necessary to draw up and certify a will in a notary and to give it to relatives after my death
February 20, 2018, 04:50:23 AM
i think we should keep a record of all he currencies we own and their possible values, wallet passwords along with other investment and keep them in a safety deposit box in a bank vault with clear instructions on who it should pass to in case we die. this way the investment is not only safe but we are also guaranteed that it will pass on to our loved ones.
February 20, 2018, 04:50:07 AM
On a more serious note, you are on point and you have opened the understanding of so many to this crucial topic. I had a discussion of something related to this with a friend and to be candid, the best way to go about it is to will all the security details to your children and your wife if you are a man. This can be done, not by writing in black and white alone, but buy storing every bit of information in a database. Encode the data base with a password, then give that single password to them.
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