Topic: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But... - page 7. (Read 2697 times)

For all my wallet's, emails, sites that I visit often to buy things online and social network pages I use different variants of one password, just changing one or two letters on big ones. Such strategy protects my profiles... from my own 

we do not know what will happen so we must share the information to our love ones someone we can trust. wife or husband or children closest to us. so if anything unexpected happen they can use it.

Yes at first you think that your password must only known by yourself. Make a secret to anyone.  Only you can have it.  But think and think that there is a question that in your mind.  When you die what happen to your coins if you only know your password,  if somebody or anyone knows your password?  So i must suggest that,  i think youst trust one person to know your password so if you died,  your coins cannot be wasted. 

Of course the wallet should be protected by keeping many back ups of the password and private keys. As an investor i had already entrusted my passwords and keys to the person whom i really trust just in case something happen to me they could still get my investments in the future specially for my kid.

Yes. Only you need to know the data from your wallets, and only you need to know where these data are stored!

The crypto is all about self-responsibility and hence one should not only take care of his crypto assets but also make sure that there is someone responsible and trustworthy in his family to handle his crypto assets in the absence of the user. I won't trust any online or offline service as anyone having the keys will be in a position to transact using our funds. Explaining someone (trustworthy family member) about cryptocurrencies and giving them the idea of extracting funds in the absence or inability of the user is the best way to take care of the family members.

I think that's not a problem. Why not just bequeath to your family a flash drive with bitcoin and other cryptocurrencies? Why tell them the password when you're alive? It is not only a matter of trust but also of security. If bad people find out that your family has access to the money they can make them tell everything. By telling your family the password you also shift some of the responsibility for your money to them.

it must be bro. even if we can write or we have our password printer. just in case something happens that we don't want bro .

yes,I'm sure there are people around us who we can trust. We need to let them know where we store the private keys so they can get to the wallets if something happens to us

Thanks, I will remember your tips, although I will not provide private keys to outsiders, but I am happy to give them to my loved ones to keep!

Well, it is always advisable to keep ones wallet confidential because as soon as it is unsafely revealed into hackers, your token is not safe. In the same vein, as you have said, if one die, ones token becomes a loss.
What I always advice is one should not always store too much token in your wallet, make large exchange when necessary and set up visible business that will produce direct income which your family can always enjoy even if one dies.

my electronic data are stored in the people closest to me in the phone, and just in case, in paper form, is in a secluded place!

Well I prefer to keep my Bitcoin stash private. If I feel like I am about to kick the bucket I will surely pass my private keys to the closest trusted relative I have. It's not like I am Scrooge McDuck sitting on a treasure trove so if I die unexpectedly it's not going to be such a huge monetary loss for my family. But I am definitely not going to trust an attorney with my Bitcoin wallet. If it's gone forever so be it.

The question is, what happens in the case of chronic sickness or death? What happens when you give your legal adviser the keys to be given to your spouse in case of death? What if everyone who has access to cryptocurrencies vanishes as it happens in the movies, how do those left carry on? I gave out all my private keys and exchanges details to my little sister whom is just 6years old but very brainy to capture everything she is being told...

Perfect here mate,no one will benefits our hard earned cryptocurrency if we don't give a trust to someone we think is good enough to take care of our assets when time of emergency happens.we can't predict future as we can't have continuity of life so better let others know our funds password incase needed in future

Yes, it is a great thought and of course it will become the most helpful thing, password should be like beyond and sequence, we just need to put it and save it.

I have been thinking about this scenario and yes we don't what the future holds. I already told my family about it and I briefed them what to do if anything bad will happen to me. This is a real serious issue that needs a serious attention. Everyone must be ready about this to ensure our love ones will not be left with nothing when we are gone.

How can you trust someone if you yourself cannot trust? We should first learn how to trust ourselves by knowing the possibilities of sudden death that is inevitable. Knowing is different from trusting, trust a person not just by blood. As the saying goes, "Blood is thicker than water". Trust can be broken but its up to you who to trust. Your family, relatives, husband/wife, close friend or your ordinary neighbor. You cannot bring your cryptocurrency wallet or bitcoins to wherever you are going after death. If you cannot trust it to someone, just put in heart and in mind that someone in need whether small or big can use it. Just think of the benefits they can get if that person you lend it to can use it.

This topic have a really good point.  We all wanted to make our wallets safe but we also have this trusted people that we can authorized to have an access in our wallets. Maybe we cannot say it now but at least we must have leave s "last will - like letter"  that our family can read when the day comes. We are all saving for the future so I think this will be the best decision that we can do that what we have work on really hard can help out our family. And as early as we can we must introduce crypto or blockchain atleast one of our trusted family members.

The point is, though, that not all of us will have that "advance warning" of when we are going to die. Some die suddenly without warning in the prime of their lives and seemingly in perfect health. So there is no guarantee that any of us are going to wake up tomorrow. You cannot wait until you are on your deathbed to make preparations.


As we each have our own reality, I feel very sorry that you are in this position.  I know that for many people, this IS reality. I am so very thankful that I have a wife that I can trust with 100% certainty. We live our lives (not without disagreements) in a full partnership as to our financial circumstances. She is not at all into crypto and knows very little about it or even how much I have - which isn't much... but she knows that I have it and she knows how to get it if something happens to me.  As it becomes more and more mainstream, I am sure she will learn more about it as well.

But she at least knows that it is there and knows how to get to it. I suppose because I do not have millions (or even thousands) of dollars in it - I have no concerns that she will 'steal' anything from me. But I consider it to be her money just as much as it is mine. I just have the current 'control' over it. I would be upset if she wiped it out clean without consulting with me first - but I also know that she wouldn't do that.

I guess some might consider me naive (or "stupid" as the above quote states), but it is a wonderful thing when you can truly trust your spouse and know that you are absolutely in this life together!