Curios question. What are you doing to make sure that your crypto is accesible to your family just in case something happens to you ? A few people I know gave their lawyers their secret keys. Others have tattoed their keys on their spouse.
Is your crypto safe if something happens to you?
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Re: Is your crypto safe if something happens to you?
#2Like you say. The usual ways of handling things after you are gone. Tell your spouse and mother. Or entrust it in a sealed envelope with a lawyer. I already have "if anything should happen to me" letters, addressing other but similar issues, entrusted with a couple of close friends, which get updated every few years.
If I had enough cryptocurrency to worry about this issue, I'd consider just putting the keys in those, assuming they're very close friends. If not, this situation would actually be a pretty good use scenario for a multiple signer key system. And if you're worrying about the majority of people you could trust colluding against you, you probably have bigger problems.
Re: Is your crypto safe if something happens to you?
#3Safety deposit box
Re: Is your crypto safe if something happens to you?
#4Engrave your secret key on a sheet of metal, then store that in a bank deposit box. Add a note for your heirs. Include the contents of the box in the will.
Re: Is your crypto safe if something happens to you?
#5Engrave your secret key on a sheet of metal, then store that in a bank deposit box. Add a note for your heirs. Include the contents of the box in the will.
Government bureaucrats are known to violate privacy and confiscating or arresting the contents of safety deposit boxes for political and other illegitimate reasons.
Creditors, past spouses, tax authorities, frivolous lawsuits, courts, political opponents - when powerful enough can tap into your safety deposit box.
Imagine the jackpot they’ll hit finding the magic words.
Yet people keep suggesting safety deposit boxes as a great solution.
Please stop.
Re: Is your crypto safe if something happens to you?
#6Engrave your secret key on a sheet of metal, then store that in a bank deposit box. Add a note for your heirs. Include the contents of the box in the will.
DiceKeys might be a good solution here: https://www.crowdsupply.com/dicekeys/dicekeys
Re: Is your crypto safe if something happens to you?
#7[deleted]
Re: Is your crypto safe if something happens to you?
#8I got a will for this. Passwords go into an envelope. Pass it to them. Change passwords every time I update the will - new child, major debt paid off, new major asset.
I'm partially convinced this is a social engineering attempt but the will approach is nothing special. If you can't trust them with your crypto keys, you probably shouldn't trust them to manage your assets years after your death.
Re: Is your crypto safe if something happens to you?
#9I wrote down one idea at https://boa.nu/blog/2021/03/peace-of-mind-backup/
Re: Is your crypto safe if something happens to you?
#10My keys and coins die with me. Sorry. That’s the rules. I don’t believe in generational wealth, nor do I plan on having any heirs.