Bitcoin Forum

Sometimes we imagine some mystery of life as we are still living, have you asked yourself of your cryptocurrency investment profit and lost way about if you live by ghost, again have you asked the mystery that behind your investment when it occurs to be profiting, right now I'm thinking to myself and my investment and if only investment I have is bitcoin and when I'm no more who will manage my bitcoin investment and how will my family know about my bitcoin investment. I was ill for some days and I asked myself a two questions base on my only investment bitcoin, the questions are.

1) since I'm ill should I show my family my seed phrase
2) if I die who will take over my bitcoin since nobody in my family knows my seed phrase.

So I was asking myself different questions because I have no wife and no child, then I began to think and be questioning myself if it will be good to at least tell one person in my family my seed phrase or should I keep having the perso secret of my seed phrase personal or should I keep my bitcoin document on my wardrobe were they can easily see my seed phrase, that time I was of full of thinking, thank God  I recover fully from the illness before i return to forum...no sympathy

It will totally depend on how trustworthy the best family candidate is. If that family candidate isn't some gambling/drinking/drug addict and you generally trust him/her to not take your coins while you're still alive, then probably go ahead.

On the other hand, you can just store your recovery seed and some easy-to-understand instructions in a fire-proof safe.

If you don't want to give or pass your wealth to someone you love, then it's no need to tell them your seed phrase and where you leave it.

But if you want to give or pass your wealth, you must tell them when you're still alive.

The most simple thing is give your seed phrase, but there are another two good ways e.g. create time lock transaction which make your coins will automatically send after some period of time like after 5 years, 10 years etc or create a 2 of 3 multi-signature wallet.

If you don't want anyone from your family to inherit and access your bitcoins, don't share seed phrase.

If you want one person or some family members to inherit your bitcoin, share with them your seed phrases but think if are they only one member or some members.
If you plan to share it to one family member, you can have only one wallet. If you plan to share it to three members, you must have three different wallets and each wallet will be shared to only one member.

You can write it in a will and tell them not to open it until after your death, thus ensuring that they are the ones who will receive it after your death. I do not know whether you have laws for distributing inheritance in your country, but in my country, if you leave a will with a distribution to a specific person, it will go to him. Otherwise, the laws will govern how this money is spent. Don't think too much about death because I think it comes suddenly when our position is that you will not die. Be patient and try to enjoy the money you have collected.

First of all, congratulations that you have recovered from the disease, and the fear of death due to the disease in your heart will also be gone now. You guessed it right, everyone knows about real estate investment or money kept in a bank or any other investment. In case someone dies suddenly, the family members get the assets easily. People who have invested in crypto currency or Bitcoin no family member knows only they know where and how much their investment is.


So if we face such a problem, whether we have shared our passphrases or passwords or information about our assets with our family members is a very important question. It is also a problem for you that you do not have a wife and children. First we can give information about our assets to wife and children. I think you should keep your Bitcoin investments secret,and the best way is to save all your passphrases and passwords in a diary, and keep it in a cupboard that only you have access to. If something happens to you, later on, your family members can easily access your Bitcoin or crypto currency assets by knowing everything from a single diary.

10 pages on the same topic locked just a week ago:
How do we transfer bitcoin wealth to heirs and the next generation (https://bitcointalk.org/index.php?topic=5462812.0)

So, start by searching if not 1000 people have asked the same question 1000 times before!


Do you really care that much about what happens to your Bitcoin investment once you're no longer in this world?
Focus more on living than on what you're going to leave!

I am glad to hear that you have recovered from illness. The question about management of personnel asset including digitals ones like Bitcoin is well understandable. It is crucial to exercise caution when considering sharing your wallets seed phrase, and any one access to it can potentially take control of your Bitcoin holdings. I would strongly recommend discussing your decision with your legal or financial advisor who can surely help you to make an informed decision based on your specific circumstances and laws and regulations in the country of your residence.

In summary, safeguarding the security of digital assets holding is of utmost importance and consider consulting with your legal advisor to develop a comprehensive plan that aligns with your wishes and ensure protection of your investments.

Having bitcoin is a great thing but you should do some diversification imo. No matter what asset it is,  if you only hold one asset in your portfolio, it means you are carrying too much risk. Get some bonds and stock too so you will have a very diversified portfolio and if you die early, the institutions will give your funds to your family members. At least you won’t have to think about that part of your wealth.

If I could remember correctly, I think I engaged in a similar discussion regarding whether someone was to pass over their seas phrase to their loved ones or not. If you are having this kind of teaching in your mind and you are wondering what will happen to your holdings if you are no longer there to safe guard them, then I will advise you to make the choice of sharing your bitcoin idea with a few of your family members that you can trust a little. I know there is not much trust when it comes to money.
 
But for you to be on the safer side, you can create a three-signatory wallet, where you will have to move the bitcoins that you have now over to those wallets, and you can have access to the three phrases of the wallet, as you are the real owner and might want to spend it anytime without the need of seeking permission from anybody.
 
Then you can look among your family members and pick three of them with whom you can share access to one of them. For them to be able to make use of the fund, they will first of all have to come to an agreement, and they can't do this while you are healthy. This way, you can rest assured that your funds are safe without thinking about what will happen to them again or how secure they are in the hands of the person you hand them to. Now everything is in the hands of your family to decide what will happen to your bitcoin if you are no longer able to access it.

Bitcoin inheritance is a problem only if you don't have anyone trustworthy. If you trust your partner then share your seed phrase or inform them where you have kept your seed phrase. It is imperative that you teach them how to use those phrases. You cannot do anything else apart from what I have told you. There was a serious discussion on the same topic on another forum.

This was the solution that came up for such situation. There will be other suggestions on this thread, you gan go through them and do what looks right for you. Take the decision as soon as possible as life is unpredictable.

Im thinking the same too but I trust my family members than other so I am willing to share the seed phrase and for now I am teaching them slowly about crypto and basics such as how to unlock wallet so that if ever there is an accident or anything happened to me they could access it easily and able to get the valuable tokens and coins from my asset portfolio.

I think about this, when you think about who will manage your assets for you, then the person you trust must also think like you (keep looking for a wealth manager for similar issues ), an infinite loop that doesn't know where to stop. So looking back a bit, even the great achievements of ancient civilizations to the present are only understood in a historical language (my personal limited understanding of it),

So frankly here, if you have any fear, instead of being stuck with what your created and regretting it, feel free to do the best you can in the present, more specifically, help others by helping othersyour ability.

I don't know what to suggest because I don't know how trustworthy your family members are. Since you have no wife or kids, I don't know who your family members are. In my case, I have my wife and kids, but they don't know about Bitcoin. Even if I give them the seed phrase, they are unlikely to use it. My seed phrase is already imported into my Electrum wallet, which can be accessed with a password. I have already shared the password with my wife in case something happens to me. My wife is my life partner and the most trusted one I am living with. I don't think she will touch anything while I am alive.

Just leave it alone if you want. I don't think there's any reason to tell a family member about your keys and passwords about your crypto because you're afraid of it being left alone. I mean, you're dead, and as you've said, no wife or child. If you care that much about your relatives though then feel free to do so. The only real secure way here is to write it in a will or something similar, or put it in a safe then build some kind of instruction list that can be released when you're proclaimed dead.

I honestly wouldn't think of this at all if me and my relatives aren't that close and I don't have a wife/child. I mean I'm dead, why would I give a damn about my assets if I don't really have anyone I care about.

It would really depends on you actually cause if you don't really want to give to anyone your funds since you've put a lot of effort to gain it, why not enjoy it by yourself a little? I mean treat yourself once cause you're already overthinking about your money so use some or find a partner to spend your time with. And if you're planning to pass your wealth to someone in your family, I would rather choose it carefully, cause there's a lot of people once they received huge amount of money they would just simply impulsively waste it like doing drugs, alcohol, buyign unnecessary things and worse gambling. Much better to teach them first so when the time they inherit your wealth, they already have ideas how to manage and handle what you left with them.

In recent weeks, I've been contemplating the same thing regarding several of my assets held in both my personal wallet and an exchange wallet. The only thing I've shared with my family is my debit card PIN, and at this point, its balance is no larger than the BTC I have in my personal wallet.

I've considered leaving a box containing access keys to all my assets and bequeathing it to my younger sibling and mother. I understand they may not grasp the concept of private keys or Bitcoin, but I've provided a contact who happens to be a friend of mine, who has aided me in navigating the world of Bitcoin.

My friend has a higher income than I do, and they are the one person who has consistently been there for me when I needed assistance. There is no one else I trust more with matters of inheritance than them. So, rather than entrusting my private keys to my friend, I've asked them to assist my family when my time in this world comes to an end. This includes liquidating the balances in both my personal wallet and exchange wallet.

Am I doing the right thing here? If there's anything lacking, perhaps your more logical advice could be a consideration for me.

Somehow, I think it will be the right thing to share these personal information with your family, that's if you trust them enough to do that. Inlife we don't know what might happen next or when it will happen so we have to be prepared. Becoming greedy would only lead to loss of your investment and funny enough, nobody would inherit them since they are Bitcoins or crypto of which without your keys cannot be accessed. Unlike the banks, if such were to happen and nobody comes around asking for them in matter of time the bank claims ownership of your assets. So I think you should give one of our most trusted a tips about your crypto holdings so that when worst becomes worst they might be able to use it and sustain them selfves in a short term run.

In your case, maybe you should write a will regarding Bitcoin ownership along with all the explanations about how to use Bitcoin. This is so your family knows you left something valuable for them so they can use it well.

But if you don't have a wife or children, maybe you can give the letter to your parents or siblings. But if you are really alone, you can hand over the will to a charity so they can use it. That would be much more valuable and better to do because at least with the Bitcoin you give them, they can continue what you have done and use the Bitcoin for good.

But if you still have siblings and want to give it to them, you can say in the will that you appoint your sibling whom you trust more to manage it for the benefit of the family. But I hope you don't give up on seeking healing even until your last step.

I live in a place where preparing for death is seen as an abnormal behavior. Life insurance policies are not popular due this cultural beliefs. But Death is inevitable that is why we need to plan for it. Trust is gradually fading in this world due to greed and the quest to get rich. But the fact remains that if you are planning on how to transfer your wealth to anyone or organizations, someone has to know where your seed phrase is. The next option will be to keep your coin in a centralized custodian service that has succession plans handled by an executor or trustee. But these platforms are not trustworthy since they are handled by imperfect humans.



You can transfer your wealth to your siblings or even humanitarian associations such as NGOs. You can also consider getting married and having children if you see them as the perfect heir :D

Tell that to your brother / sister, and show them the basics; how to use a wallet, how to make a transaction, how to recover a wallet with seed phrase, etc. Obviously, don't do it if you don't have good relationships or don't trust them technically.

This guy probably got some serious sickness and shit his pants, so I don't blame him for doing that. Wouldn't you feel awful if a relative of yours passed away and all his wealth was donated to the Bitcoin network?  :P

You know, dude, I understand what you mean. For me personally, my wife doesn't know anything about seed phrases and passwords, not even about the crypto assets that I have, am holding, and will sell until the right time for the bull run. Now, I intend to tell her because I can't trust anyone with what I'm doing but her and my close friend.

Now in your scenario, if you have a lot of holdings of Bitcoins, the best thing you should do is make a will of testament. In that matter, who will you trust to give what should be said about the crypto assets that you have, from the seed phrase, private key, and password, and procedures on how to translate them into real money and even into the accounts where they will be converted, which are trusted exchanges in this industry?

I think it depends on you whether you want to pass on your BTC to your family or not, but I think if you are interested, you can tell your relatives but of course you have to tell someone you can trust, but I'm glad to hear you You have recovered from your illness, and I think you still have great potential to be able to have children in the future, and of course you should not give up on living your life.

It is a pretty common thing for sure the only way here is just to teach them how to use Bitcoin if they are interested in it you could just teach them about Bitcoin and cryptocurrency investment so that they know in the end if something happens you have some sort of investment if in case you died. I mean there's no way they could use that money or get that money unless you give them your seep phrase or password or something like that it didn't really work that way since it's a decentralized thing on you have access to your wallet.

One of the things that I do is have a notebook where you can find my seep phrase they know that I have some sort of investment in cryptocurrency but they dont really know about how they are going to access it or something like that. I explained to them that everything about my cryptocurrency like seed phrase and password was all in my book and in case something happened they could access my wallet using that password, I mean it is still better if you could teach your family about cryptocurrency that way it is going to be easier..

If thieves come to someone's house to steal, one of their targets is the safe. If the thieves know about bitcoin, cryptocurrencies and the seed phrase, they might be able to steal the coins. Your suggestions is good, but he should keep it in better location than a safe. There are some hidden locations that he can keep it that will not be noticeable to offline attackers.

We all think differently but mind you, because you are investing in Bitcoin doesn't mean you should be thinking about this, you are very young I believe, since you said you are not married yet, if you keep thinking about if you are dead your mind can manifest it, so be careful.

I grew up to become what I am today, all thanks to my heavenly father and my parents, I needed help so much that everyone around me knew it, but they didn't help, I intentionally opened up for some people and they still failed to help me.

See, I don't want to end up dead and let someone take over my things and start enjoying it, especially my money, all I keep hoping for is a longer life, but if death is going to come, no one will benefit my hard work, this is why I prefer leaving my money on the blockchain, Bitcoin to be precise, you will need my keys to rob me of my Bitcoin and good luck with that.

The only person that's worth my private key is my spouse, my partner, because they deserve it, they are there when I was down and they have helped my through this journey by far, assuming I don't have someone like them, I would rather slowly giving out my wealth and when death comes I vanished with what I have left.

At times, we're so caught up in the present, the trades and price swings, that we forget we're mortals. These are good questions and your introspection makes sense. Like wills for real belongings, how should we treat digital assets in the digital age?

- Sharing your seed word with a trusted family member is a good idea, but make sure they know how important it is.
- Things are harder when you dont have any close family. But if you have a friend or relative you trust completely, you might want to let them know.

Also, perhaps look into platforms or services that offer solutions to this particular issue. Digital wills can be set up so that they are automatically carried out when certain things happen.

I so much understand the risk that is behind trusting someone with your seed phrase even when you are alive. This could certainly mean that you might be asleep and someone else will sell all your bitcoin even without acknowledging that they did because you will have no evidence to prove that and you might be thinking it was a hack. I have a simple, but somehow complicated solution for you.

You have to trust a member of your family who does not know much or know about cryptocurrency and bitcoin with your seed phrase and ask them to keep it very save. Then you have to let your friend or another member of your family, who knows about bitcoin and cryptocurrency know that you have something that you left in the hands of the other person. By this it will not be easy for both of them to unite to steal your money. But when you are no more the one without the knowledge will actually look for someone to help them get the money, that will involve the one with knowledge of cryptocurrency.

OP, you've gone very far. If you don't have a wife, why burden yourself with such questions? There is no need to worry about what will happen to your money if you die, and you have no one to give everything to. This topic appears frequently on the forum, but is it that difficult to resolve? Everything depends on you. If you trust your significant other, tell her. I don't think it's hard to do. If you are raised with a sense of responsibility towards your loved ones, you will find thousands of ways to convey your secret to them. If you don't have people you can trust, then don't even think about it. People die empty-handed, taking nothing with them. Also, people die unexpectedly, so if your bitcoins are destined to disappear without a trace, then don't regret it either. If we say that, as many people have written here, it is dangerous to trust loved ones, then you can feel sorry for them that people are living next to them who are capable of betrayal at any moment.

What's the point to give your coins to your friends? Bitcoin is a currency, the point of someone want to give their coins to other person is to make their life better because they have more money, this related to the next generation.

I have few trusted friends in my life, but there's no friends can be trusted when it's related to money because they're only being good when you have something, when they already get it, they will be gone.

I think that every person who owns cryptocurrencies thinks about this question. After all, for sure, a lot of crypto enthusiasts die every month, and balances from wallets and bridges remain on accounts, while they will never be withdrawn, because the memory of passwords and seed phrases also dies with people. However, I think that the exchange will assign similar accounts explaining this by some clause of the agreement that, for example, "if the account has not been active for 30 years, then the exchange appropriates all its funds."

The best IMO is you really have to tell that to one from your immediate family. And that's one whom you think can really be trustworthy but you don't show him your seed phrase as soon as you teach or tell him/her about your bitcoin investment.

If you think that you're going to be gone too soon, you'll make like a last will testament or some instructions on how to retrieve those bitcoins through the seed phrase that you're going to give to them.

One or two family members will do, again the immediate ones or the first degree and so on if you can't find someone trustworthy.

If we put our trust in our siblings or loved ones, it will be better than strangers, even those we consider our closest friends. Indeed, the most difficult thing to understand in life is the human heart, so we should not easily put our trust in people who are not related to us by blood. I don't mean to mistrust my friends, but there should be limits when it comes to money with them. As for friends, I never even mention money, let alone valuable assets like bitcoin, when a relationship involving too much money will easily fall apart.

I think it is necessary to show family members the seed phrase so that it can be accessed and used well as your best inheritance.


Because bitcoin for me is the best legacy created by Satoshi Nakamoto, I think it is necessary to pass it on to your successors if all this time bitcoin is still stored intact in your wallet.
I remember the message that a good legacy must be continued and not left unused. It is very regrettable if the best asset is neglected like a physical item.

Our parents used to invest in gold, they always kept the purchase certificate carefully as proof of gold ownership and kept it in a place where they could take it when they wanted to sell it out of necessity. If our parents die, then the gold ownership certificate can be used by family members who will be recognized when they sell it to a jewelry shop.

I believe that among your family members, there must be someone close to you whom you trust, and you can tell that person your secrete because you can confide in him. Such person should be the one which should be in the position of disclosing your seed phrase to. If the person doesn't understand bitcoin, you should create out time to teach him/her. It wouldn't be wide that we have an investment, and no one will be able to benefit from it after our departure from planet earth. Since you said that you don't have any child or wife, then you person that you love most should be given your seed phrase so that the money can be shared within family members after death.

It might be controversial to say that don't only bet in bitcoin in a bitcointalk forum. But there's a saying about putting all of your eggs in one basket, and that applies even if that only basket is bitcoin. It's just common sense. Anything can happen. Especially with bitcoin.

You can set up a will and testament, that includes a memory stick, containing all the information on how to access your bitcoin.
Or you can just show them your seed phrase if you are sure they are not going to misplace it, show it to anyone, steal your bitcoin, or start to change their views, if they see the the price of bitcoin crashing or mooning.

If you don't share the fact that you have bitcoin, likely no one will know about it and it will be lost forever after someone formats your harddrive.

Are you having a serious disease and this is the reason why you are asking for this? Everyone has given the same option of what you must do and that's to talk to your family and teach them the basics about wallets and retrieval.

Do you trust them?

If so, then you have to believe on them that they will learn it and even it's not going to be for a short period of time, you have to be consistently teaching them until they have absorbed that knowledge.

But if you don't trust them then that will serve as gone forever and part of those 'burned' bitcoin's forever when you're gone and you have never told it to anyone.

The best thing to do is to create some kind of riddle and something that only your family will be able to solve. This riddle will reveal to whomever are left behind, where you left your pass phrase.

You can even write it down and split it into pieces and then give the different pieces to the different family members to put together when you are gone. So, without the other pieces.. not one of them will be able to put it together.  ;)

Congratulations, you have invested in Bitcoin at a young age. Is bitcoin legal in the country you live in? If Bitcoin is legal in your country, you can tell a trusted family member about Bitcoin and wallet privacy. Bitcoin is disliked in many households. Does your family like bitcoin? If your family doesn't know about Bitcoin you can introduce your family to Bitcoin, then keep telling them about Bitcoin. But you have recovered, I pray for a full recovery. I don't think it's necessary to tell your family now. However, you can write down Bitcoin and wallet privacy in a personal diary. And keep the diary in a locker so that your family members can easily find it if you die of any cause.

It really depends on how much you trust your closed ones. You don't have to give the whole seed phrase to your closed ones.
You can decide to split the seed among your closed ones for instance give the first half to one and the second half to other or something like that.
The chances of everyone combining to take your wealth will be relatively low when compared to giving the whole seed to a particular person.
Also, you can achieve the same result by creating a multi-sig wallet with your closed ones.
What I have done is that I have told my elder brother whom I trust a lot that I have invested in bitcoin and I have stored the seed to access it in a location.
Just so that he is aware of it when the time comes.

I still am of the opinion that he should at least have that one person he trust in the family that he would give the seed phrase or keys too. The issue of waiting till you are unwell before declaring some of this things is risky, sometimes death doesn’t comes with any sickness so with the scare he got the first time, now is the perfect time to him to correct those mistakes and make someone aware of his phrase, he can simply set a time lock to that wallet so that even if he reveals his seeds now they won’t be able to spend it and if he lives to pass the time lock date or later have a family of his own and a new kin then he can move this to another Wallet and give the new keys to the kin

Sharing some private keys with someone you can trust is not a bad idea in passing on your Bitcoin assets. People who can be fully trusted must be taught how to secure and use wallets properly and correctly. Multisig wallet is an option for this desire.
It is not recommended to do this with people who are not on your personal trust list. Maybe your wife or husband or even your child is suitable for you to hand over the Bitcoin phrase.
Once again, giving the seed phrase or private key to a trusted person is important in my opinion.

Whatever it is and in any way, it is definitely very important to keep the key where our assets are stored, in my opinion, even if the extended family doesn't know, there is one of them or other trusted people who knows our private bitcoin key, so that if something bad happens to the assets we have save it and can pass it on.
Investing in Bitcoin at a young age is an advantage that not many people have, many of us always regret why we didn't get to know about it sooner after something like this happened.

Go to a law office and get a lawyer and ask him about the procedure of transferring your wealth by leaving a will. Let all the paper works being done by the lawyer and its associates and you have to choose from your family or relatives on who's going to receive that will when you leave this world. If that's a big amount of BTC that you're holding and you tell it to them, for sure that all of them are going to be good to you when they know you hold it and you're about to get your last breathe. Believe me, people become good when they are expecting something in return and will take care of you.

It's all about how much you trust your family. If i were in your situation, i would definitely say the seed words. There would be no problem for me in this regard. If you are in a relationship where you can't even trust your family don't share but question the reasons for the mistrust as soon as possible. This is more important than whether or not to share the seed words. If you have shared the seeds and you don't feel comfortable, then get a different wallet and transfer your assets to the new wallet immediately. Trust your family and do not avoid sharing with them.

yeah this makes more sense.  In USA you can store info in a bank in a safety deposit box.

Does not have to be the seed it could be the location of the seed.

Let your trusted relative know you have a safety deposit box.

You would have a two step method to protect the seed this way.

Unlike other major property like a car or a flat, Bitcoin isn't registered to someone's name (unless a person lives in a country where it's possible to legally declare Bitcoin holdings, and decides to do that), so I understand that it raises concerns in case something happens. You're asking whether you should show your seed phrase to your family, and I think the answer depends on whether you find your family (or someone specific in it) trustworthy, reliable. If you are close enough with someone and confident that this person won't use this knowledge against you, won't use your money unless you actually die, then yeah, I think telling this person is a good idea. If not, you need to think of whether you'd even want your family to have your funds in an event of you no longer being able to use them, and if the answer is yes, think of other options to ensure that the coins don't get lost.

The cryptocurrency investment will change your life one day,but you need to take risk some money.If you want to hold the money in your bank,better hold in the cryptocurrency.The return from the cryptocurrency will be unexpected one,the profiting need of some huge time of holding after you brought at the bear market.If you are not ready to inverse huge money in the crypto currency,you can inverse a little money from your savings on every month salary.You can share your seed base to your brothers or sister who understand what it’s because we don’t know what happened to us in this undefined life.

I understand your concerns about your Bitcoin investment and the need to plan for the future.

Document your seed phrase and instructions for accessing your Bitcoin securely. This could include using a hardware wallet, writing down the seed phrase, and keeping it in a secure, fireproof, and waterproof container.

Consult with a lawyer or financial advisor to incorporate your Bitcoin investment into your estate planning. They can help you create a plan that ensures your family can access it while maintaining security.

Choose someone in your family whom you trust implicitly and who has a good understanding of cryptocurrency. Share the necessary information with them and make sure they are aware of the responsibilities involved.

Keep your plan up-to-date. If you change your seed phrase or wallet, make sure your trusted individual is aware of the changes.

You could also explore the use of a multisignature wallet, which requires multiple private keys to access funds. This way, you can distribute access responsibility among multiple trusted individuals.

I agree with you. There is a lot of risk that comes with converting every property and asset you have to Bitcoin. Bitcoin is volatile so there is no assurance that all you will get is good profit. You still have to ensure that you have other investments and sources of income to ensure that you have financial stability. Being dependent on Bitcoin can lead to negative outcomes that you will regret one day, hence it is not advisable to do so. It is still better to have other investments rather than sticking with Bitcoin and putting everything there.

Well, it is not an easy task to make a decision, because by making your will you might get confused at some points.
Like if I am in your shoes, I will have a family lawyer that will stand for the family and I will set the will and my Bitcoin walllet with a time lock, but if I am still alive and the time lock dues I might still extend it, 2× of the previous one, so if you are no longer alive your lawyer can read the will to your children and families to everyone hearing.
I have seen a situation like this before, but in this case, a man got married to 2 wives and he shared all his property with all his children while he was still alive and everyone went their own ways, but after then, the friends of the man were asking him why he shared his properties to his children while he is still alive and that was the topic of discussions that day.

It depends on your wish, if you think they are deserving for it and has the worth and pedigree of reputation you think you can confide trust in them, there's nothing bad, it's your money and they are not forcing you to do so, you can choose to or not depending on how you're comfortable with them around you, you can also consider the level of the sickness you have in respect with the stage it has gotten with your chances of survival in it altogether before coming with a conclusion.


No body, eventually it will remain in your wallet, that's why if you think it worth having some discussions, plan or takeover plan before you die, then don't hesitate to do it now.

Bitcoin is an asset that is not physical or you can just hand it over to someone or someone can access it after you are not around. So taking risk management for that kind of situation is essential. It is always better to let someone know your involvement in Bitcoin. Creating a safe that only you can access until you are gone could be a good choice. Imagine this, there's a safe where you can keep a hardware device such as a hard drive/SSD or a pen drive that contains your seed and you can access that with a key. You can keep it safe to yourself and keep the key. And when you are dead, people in your family or loved ones can access that. But only if you are dead. You need to make that clear to them. After that, you can be sure that someone will be able to find that.

Now the thing comes to your decision. If you want, you can share it with your close people. If not, then stop worrying about it. Just live the life as it is. Death is uncertain and no one knows when it will arrive. So focus on living the life you have first. Then think about what could be or should be done.

Many people don't consider Bitcoin as property they see it as a digital asset. People have different views or definition on Bitcoin. Correct me if I'm mistaken, but Bitcoin is an amazing asset. Its digital nature cannot be changed, it's easy to buy and sell, offers privacy, and has shown impressive returns in its short history. It shouldn't be the only asset or like you called it property to have. Like any asset, it comes with its own set of risks.


I agree picking different members of the family to share access to incase of inheritance is better because it is the right thing to leave something for your descendants. But you should be skeptical about the persons you choose finally. You should consider character and knowledge of the persons you're passing the wisdom down with the treasure. So many people have stories of how some historic fortune in their family was lost to unwise investments, gambling or alcohol. I'm not trying to give advice but am just sharing a point, quote me wrong if am mistaken.

Regardless of the context, the answer or what to do is the same, your situation is everyone's daily life, I don't know why those who have bitcoin begin to create a "spiritual" context to; "what will happen to my bitcoins if I die".
 What I can think of is that they have never had access to life experience or they live in remote areas where information is minimal.

Your topic has been discussed extensively on this board; in any case, people's assets can be protected, as has been done for years, relying on the legal instruments that exist. If you're worried about what will happen to your satoshi or maybe you're a bitcoin holder, there's no difference in valuable items like a piece of art, something that someone can simply robbed to you after you die or while you're alive (but that's another topic,  security), there are legal ways to give bitcoins to whoever you want.
You must have a will, something as simple as that, that is the equivalent of the phrases that protect your bitcoins.

So, look for the protection of your assets in a will, really it is on terms of importance not very different in their objectives from the What you need to know about security for your bitcoin.

Make a will, spend some of those bitcoins on the formality of protecting your assets in a robust will and executing the delivery of your assets as you wish.

You certainly gave alot of thoughts on this issue from the tone I can decode in your essay OP.
The truth behind the old long saying that, 'no man is an island...,' is very true. It has in it the answers you seek.
On a second thought, you must have had people who looked after you while you were ill. You should have one person you trust enough and who has done well to earn that trust.
Your life should be organized to a point where there are people you allow into parts of your life, mostly in times where it is life/death situation.
Just get organized and make it a habit. Remember blood is thicker than water. Reconcile or strengthen relationship with families and friends or make new ones. Am sure you knew nothing would happen to you, and that is why you told no one about the wallet address or your BTC investment.

Putting myself into your shoes, I will probably talk and tell about it to the member of the family from  whom I am closest with. It could also be to a friend that I trust.

To provide you with another option, as far as I know, this type of inheritance can be legally arranged. You can consult lawyers who specialize in crypto, but that would involve expenses and some effort.
Take care!

The question and problem are really simple, but the answer is really hard. You have to trust someone anyway, because the bitcoin you are holding will be dead if you pass away. So we should have someone in our family we can't trust and inform him about your seed. Just hide your holdings; don't share how much you have right now. Simply state that you have made a small investment in Bitcoin and have your wallet seed written on a piece of paper or in a notebook. Also, they should know how to recover; just teach them the basics. I don't see any other way except this.

If you have no wife and no child, why do you worry about your family not knowing your seed phrase? What family members are you talking about? Your parents? How old are they? Will they be able to put the money to good use before they die?

I feel like you're worrying about things that are outside your control.
A good example of such thinking is when a person worries what if a nuke falls on their house, or what if an asteroid hits their town. You'll be dead, and chances are, your closest family won;t survive either, so live your life to the fullest and stop worrying.

Need transparent when investing assets in bitcoin, its difference when your saving money in the bank although not talk to your family the have ability for get that money although you have been pas away. But when your assets store or purchase in Bitcoin not any one know how to restore it and difficult to find if not transparent and talk them where your bitcoin assets investment holding and how to get it without give them seed phrase.
Its dilemma about trusted or not with your family, during give the seed phrase they have controlling access with your bitcoin investment and possibility for losing assets if they know your seed phrase and untrusted family. Not only have transparent with cryptocurrency assets we have but also need to know which one most trusted family can give them access with seed phrase, when some thing bad happen to us they can use our bitcoin assets.

this particular question is kind of personal because the decision is left for you to make. Having some bitcoin that no one actually knows is the basically the whole point of secrecy of bitcoin but when it's come to family and death that's a very big decision to make because nobody actually knows when they are going and if you want your siblings or wife to inherit your crypto asset then exposing them to the technology not specifically your seed phrase would be a good start. Atleast when the idea is there something then can be worked on like maybe a multi signature wallet that holds you as the major source of the keys.

For such cases, local stock exchanges must deliver the investment to the deceased person's relative. After the application is made and the necessary procedures are completed, it is an important issue to deliver the investments of the deceased to the remaining family members. That's why I want Bitcoin to be accepted by many countries. Because in such cases, in order to claim legal rights, it must be included in the law.

I've heard that some local stock exchanges have this situation, but I can't say the same for all of them. Anything can happen at any time in life, so we have to ensure the safety of our investments first.

These are questions many of us try to run away from thinking we shall live forever or maybe get a signal when time is up, but in the best interest of our families and whoever we care about you need someone you trust and can tell about your crypto life and any investments made..because if you keep this to yourself, be rest assured that you leave this world with those coins and it will be selfish of us not to think about people we lieave behind.

Quite scarey if you think of it this way, but when it comes to such did you know you can make use of smart contracts that will store your will on the blockchain, and if after without any interactions from you the will is sent to your loved ones to know what you left for them etc...

trust at least one of your family members to know about your crypto dealings. that is true, let them know that you are into this market and you own something. for the seed phrase, maybe you can write them down and keep it safe somewhere you know your family will get a hold of.
well, the good thing these days is that they can search what to do, given the passphrase or keys and where you hide your hardware wallet, if you have any

Not everyone dies from illness. So, get that off your mind. People die without notice, in accidents and emergencies. They leave their homes and don't get to return to them. Illness affords you the luxury of time to make amends. Don't worry, before your demise you will surely find the ominous signs. However, I don't subscribe to you revealing your passphrase to anyone. When you die, they will find it; provided they know you're into Bitcoin. Your room will be ransacked, trust me.

Anyway, happy to have you back to the land of the living.

When picking a method to leave our coins behind to our loved ones we need to choose the simplest one, after all something that looks like complete common sense to us may seem foreign to them, so maybe something as simple putting your coins in a hardware wallet with a password could be enough, with the password being on custody of your lawyer, it is not the most technological of the solutions available but it can be more than enough in the case of an emergency, however if one of your family members is interested in bitcoin then other more complex and secure alternatives could be implemented.

@OP it is a matter of whether you want to give your wealth to your favorite relative or not.  After all when a person is gone, he will never know what happens in the future.  If you plan to give your wealth to your relative but not while you are still alive, you can keep the seed phrase and easy-to-understand guide in banks safe.  Process the legal documents about who will inherit your seed-phrase and I think that will solve the problem.  With this kind of strategy, no one will know your seedphrase while you are still alive.

Better choice is to find a lawyer and inform him about the wish of inheriting the holding. The lawyer could make all the necessary documentation and provide with the legal support. For traditional system it is an easier task, as we need to just provide details about the nominee. With cryptocurrency this is little complicated, as there is not much of such service providers. Apart from this, it is possible through securing seed phrase on private lockers with the nominee added to the locker. This will make the locker settled to the nominee soon after the person's death.

Only you can answer that question. None of us can help you here. Maybe our responses will give you even more headaches on what to do. How come you didn't know the best and right approach in that situation where I know, you are not new to crypto anymore?

You know your family, relatives, and trusted friends better than we are. It's not even a problem to consider.

Or maybe ask the question for yourselves first, do you really want your Bitcoin to be taken over by someone in the first place?

Telling your family that you have a Bitcoin might be dangerous, especially if you are not really close to each other.

If a person is obsessed with money, they may get jealous of others who have it, and when someone is jealous, they not only do not want to have that thing, but they also want them to fail.

We must reconsider if that one person of the family deserves to know the passphrase or key. It is entirely up to you because you are the only one who recognizes what they are doing with their lives.

I get your point and I must say that it is totally valid. The first thought that came to mind while reading the OP is that the he could have a discussion with a lawyer about this where he has a document of his seed phrase given to a trusted lawyer so that if the unexpected happens, the lawyer can give it to a family member. I don't know but infeek this is not the best option because the lawyer may decide to use the seed phrase to access the Bitcoin himself.

I think what's best is to have the seed phrase stay with the family. Granted that not everyone can be trusted but there is always a family member who is level headed and can be trusted. That is the person to talk to about the seed phrase.

Problem is the member meeting our criteria. Aside from being trustworthy, they should also be aware of what we are transferring to them. If they won't have enough knowledge of it then it'll be put into waste. Therefore, giving it to them shouldn't be done with life and death situation. Just like with inheritance of real estate properties wherein there would be procedures to be done first.  And if possible transfer the knowledge of continuing what you have done or the idea of cryptoinvestment to them in order to make things better for them. But to those who hesitates then just accept the circumstances, try using all of it before your last day and if you fail to do so, then no one's gonna be able to make use of it. There are just circumstances wherein we cannot trust other people than ourselves.

When we invest bitcoins, we plan a little bit for our future generations, so that they can live well with this wealth. When I hold a certain amount of bitcoins, if my family members don't know about them, no one can take them and the money stays in the wallet. Whenever you present this investment to your family, they will be happy that you have put something in place for the future. And Bitcoin is an asset that will be useful to your children in the future and from which they can earn a lot of money. That's why you should tell your family members who understand bitcoins about the bitcoins you saved before you die. But your Bitcoin investment that you leave behind as a future asset for your family to enjoy.

It's good to hear you are well now.

It would be better that one of your parents know it either your mother or father that you own a Bitcoin and you've put it somewhere in your computer or on paper that is in the vault and explain to them that they will open it once something happens to you because that might help the family because just imagine something will happen to us and we hold that Bitcoin but we forgot to tell our parents that would be a huge amount of money to help them as long as they are worthy to receive it because I know there are other parents that aren't good to their children so as long as you don't want to make your bitcoin lost for ever like yourself it is better to have someone worthy to receive it in the future.

Well, you have good points, but nowadays you know that some families fight because of the father's property, more especially when gets married to 2 wives or even 3 wife's, it is hard to make such decision and you know it, if the first wife is calm and she have only one child but the second and third wives have up to 3 children on that day they will share those properties there will be a big problem in the family.

But if the man gets married to a wife, throughout the whole time of sharing properties there will be no trouble because nobody will compete.
If I have a bitcoin wallet, before I give out my coins to my family, I will make sure that I teach them about crypto-currency while I am still strong, so that they will learn faster. and, after teaching them Bitcoin, I will give them a test to create a verified Bitcoin wallet and send their Bitcoin address  to me, them I will transfer what I want to them, but for the one I want to give the biggest coins, I will give the person my own Bitcoin wallet.

No one can know when they will get sick and when they will die, as you said when we are sick and we cannot do our work then at that time we will realize that health is everything for us because when we are healthy we are not caring about our health so that we only feel it when we are sick. If we save any amount of Bitcoin, it would be better for someone close to us to know about this If we die, the Bitcoin we save can be used by those closest to us because if no one knows about it, this will be very unfortunate because Bitcoin is a very valuable asset price.

I know that some parents don't really know about blockchain technology, which means they might not be able to access their children crypto assets if accidentally the person pass on to the afterlife, but there is still an option in that case. If, in such a situation, your parents (either mom or dad) are still very much alive and healthy, you can give your mom your see phrase, tell her how much your total Bitcoin asset is worth in your local currency, and then tell her that if you pass on, she should meet any of your trusted friends or brothers that are capable of helping your mom access the funds. Meanwhile, the private key or seed phrase will be with your mom. But if you don't also trust your mom or your dad, I believe there is someone you can really trust in your family. Just find someone you trust so much and deliver your asset to them. Since you don't have a wife or kids, there is someone that you have to choose as your next of kin that you have to pass on your assets to.

Every person may affected by illness or any kind of accident may happen in his life. Which we can never ignore. Man is mortal, everyone must face that difficult times. And those of us who have invested in Bitcoin certainly have a duty to inform our heirs of this Bitcoin investment. Although this issue has been discussed many times before. In my opinion the most trustworthy and reliable person is to explain Bitcoin passwords and key phrases. A hard copy of these phrases is also required which can be kept in a safe place. There is a high chance of being hacked or stolen on any online platform. So to avoid risk we must write it down in paper. Also, whoever I share my bitcoin assets must be taught how to use bitcoins.

You know, I always say, "If you've got Bitcoin, flaunt it - but safely!" ;) No one wants to leave a treasure map thats missing the big red "X" at the end, right? Your point on jotting down those keys on paper is gold - sometimes, analog better than digital, especially when hacker are getting better. And teaching your heirs about Bitcoin?  No point in giving them a shiny new toy if they don't know how to use it. You're exactly right, though. This is a complex combination of trust, teaching, and being ten steps ahead. Don't lose those keys, and keep learning

Your private key should be stored in a place where your family members will be able to see it even after your death. If you are ill, it's not proper to just tell people your private key. What if you survive the illness and the person to whom you expose your private key ends up stealing from your bitcoin? We all know nobody should be trusted when it comes to money. The best thing I can say is for you to store your privates in a place that can be easily discovered after your death.

You can just carve your private key on a piece of iron steel, then keep it in your wardrobe, where you know after your death they will definitely search and see it. But make sure it's not written on paper because it can be easily destroyed. If you can tell someone about your private key when you are ill, if you survive the illness, you might end up causing problems for yourself.

Death is not something we can plan for, so it can come anytime because there is no notification. Now let us know that it is not only when we are ill that we should start thinking about death, but even when we are in good health, because it is not only ill people that do die; even people in good health die; some sleep and never wake up again; some people will get into accidents and instantly die; so death comes in many different ways, not just when someone is ill. So it's better to plan things out now than wait until we are not in good health.
 
It is true that our seed phrase should be properly hidden and monitored by myself because it is something that if anyone has access to, they can access our wallets without our permission. But when we think about death and the fact that one day someone will stop breathing, someone should know that sharing the information about where you hide your seed phrase with someone you trust is necessary because it is the only way that someone will have access to our wallet when we pass away.

I don't think keeping the Bitcoin document on your wardrobe will be a good idea because I am thinking maybe someone you may not trust will find out the documents later when you die, so the best way is to look for someone you trust and share that information with them. I think it will be the safer way.

Holding Bitcoin alone can even worth more than the thousands of the shit coins in the market. The market will keep growing with time and non of the coins in the market can outgrown Bitcoin which is the number one coin in the market with huge market cap and regular trading. It is better to hold Bitcoin which is more safer than many coins in the market combined. Bitcoin is very volatile which we have to consider before we think of investing our money in any way. As the market keep growing, our Bitcoin holdings keep increasing as the market keep going bullish.

What about your mother or father, do you still have both or vice versa, according to my understanding there are no children who do not trust their parents, As far as I know, if you don't have a wife or children, the assets you own are completely owned by your parents, not your brothers or sisters.

Another solution, when you are sick, is someone who faithfully accompanies you when you are sick, who cares for and looks after you when you are sick, so tell him about your Bitcoin seeds or assets, For me, loyalty or those who can be trusted, those who sincerely care for us and take care of us in times of illness, are the ones who have the right to receive the Bitcoin that you have, as well as the problem of being able to access your Bitcoin wallet.

The question is who is looking after you during this time, when you are sick, your parents or someone else, in conclusion give them access to your Bitcoin seed.

First let me say it from the topic. Bitcoin is not a property but an asset. And you don't have to wish yourself dead but to recover quickly. And if you doubt yourself for the survival then give the keys/seed phrase to a trusted family and tell the person to meet one of your friend, who is into bitcoin to sell the coins for him or her. And there is no too much things to think about it. All what is needed is a trusted family member. Well this question as been on people's mind and they have not gotten the needed answer. Really this matter worry people, because cryptocurrency is not like the fiat bank account whereby a next of kin can easily claim the asset. We pray not to sick.

Do you not have anyone you can trust, whether it's a partner or close family?

everything you produce in this world ultimately you must pass on to other people, for that reason you should not live alone, in my city there are many cases of someone's property being auctioned by the government because there are no heirs or it was deliberately abandoned.

Steps you can take to keep the Bitcoin assets you own can be passed on to your successors are:

• use a will, however you cannot hide your bitcoin ownership from your family and those closest to you.
• donate it to other people who really need it (usually this is done by people who are really short in age and whose illness is already very serious)

The bank's system of transferring money deposits in accounts to heirs is not as easy as transferring bitcoin assets to heirs which does not require annoying conditions.

Transferring money saved to a bank account is not allowed to just anyone. The bank will ask for documents from the person who will be the heir when receiving funds from an account as proof that supports them. For example, if someone comes to claim heir. Documents such as identity cards that show family members such as wife/husband or biological children.
Transferring ownership of bitcoin assets is very easy — we only need to provide the seed phrase for an address.

Maybe the bank account switching system in each country is different. And what I am conveying is the diversion system that occurs in my area.

One of the most important things you want to know is how your family members can use Bitcoin in your absence if you die. Just like banks pass down their deposits to the family but in case of Bitcoin there is no such system so you have to do everything yourself. Talk to family members about your investments, tell family members you trust about your investments and share your account information with them so that they can use your bitcoins after your death or for other reasons. Be sure to carefully select such people so that they do not use your Bitcoins or transfer your Bitcoins in your presence. If you find such a trusted person, he can certainly use your bitcoins in your absence.

Definitely. If you trusted someone too much that you become confident to leave your bitcoin onto him, then go for it without doubting. It’s certainly a good thing that there’s actually someone who will continue your legacy about bitcoin, than not to trust at all. After all, your efforts and hardwork on achieving that certain amount of bitcoin will only go into waste if no one will benefit from it that also knows how to invest cautiously and grow your bitcoin in the future.

In fact, this is a very important issue and one of the details we need to pay attention to. It may not be right to trust everyone, even if it is a family member. We must carefully choose the person we give our password to. This situation may not only disturb us later, but may also damage our sense of trust in that person.

It's not easy to predict people's behavior when it comes to money. Therefore, it is necessary to act carefully for both you and your environment.

I hope you are doing okay now since you said you have recovered from the illness. So, your situation is quite complex, because generally, when we have property and also have a family of our own which is our wife and children, what we do in that situation is we write a will and give it to a lawyer so that he can read the will to the family once we are no more. In our will, we can write about the Bitcoin holdings that we have but we wouldn't write the seed phrase in it since there is a possibility that the lawyer might steal them and change the will.

So, the solution could be that you keep your assets in a hard wallet, keep that hard wallet somewhere safe, and then write about it in the will so that your family can get that wallet after reading the will and they can get access to your Bitcoins. If you trust someone in your family, you can also tell them about it without having to go through all that.

Even if you are a very bad person there will always be someone who is very close to you, someone who is always there for you, I pray that healthy spirits finds you and heal you off your illness, it makes no sense to work all your days and let is all go to waste, what about your spouse or family?

Death so come when we don't see it coming, since you can still talk about this I believe that you will be ok, but if we have to discuss about what will happen once we die while having some Bitcoin well, nothing, we all die the same way regarding of whatever we have going on on our lives.

If you are so concerned about your crypto asset, find someone you can trust and share your Bitcoin private key with them, if you don't have someone then do nothing, have your mind of getting better, go for a medical checkup, and hope for the best.

You can just leave some notes of the seed phrase hidden in somewhere hidden in your room so that even if you're ill they wouldn't even attempt to dig down on your belongings.

In cases of unfortunate scenarios in which I hope doesn't happen OP, they would just find that seed phrase along with your notes so that at least your Bitcoin isn't going to end up a lost one. It wouldn't hurt to pass it to other family members considering that you don't have a family of your own yet (a wife and kid).

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Thankfully you already recovered from your illness, by the way OP.

I think the first thing you should not overlook in an illness situation is a will. Which is very important, especially for a bitcoin investor in a decentralized world. Further, according to my theory, who else has the right to an individual's financial assets than his family? So the best way is to leave your seed phrases to your family in a will. So that your family cannot face the difficulties that come later. And if you are alive, then in principle there is no admissibility of the contained will to the government to act on the will.

And as for writing the private key on paper, it is possible when your government is honest and fair, protects your assets from outsiders, and does not fail to provide for your family or refer you again after your health and survival.

There is no alternative to being honest to secure funds for the next generation without informing family members. Really, it's not necessary to share seed phrases or private keys right now. It's better to hide funds and credentials from them as well. You should just inform them that you are related to crypto and hold small funds, and tell them about your wallet credentials. Just make sure wallet credentials are only accessible to you; just after you pass away, your family members could find them.

Free yourself it's not good for an ill person to overthink the body will not heal if the mind is not free from all the worries pick at least two members of your family that you can trust and can understand how Cryptocurrency works.


You will not know who will because you already passed away but the thought of your family benefiting from your investment will free you and will make you feel better and have no regret while breathing your last breath

We never know what's going to happen to us every day since Bitcoin is seedphrase  based you should prepare for any eventualities like leaving a will and instructions on what to do with your Bitcoin.

Sometimes lying could be an alternative option if you're holding huge assets, cause when they have been informed you have wealth in you credential wallets or you're hiding your funds like fiat, they might really ask you for almost everything about payments in the house like bills. I don't want to happen this kind of thing but there's literally cases when people knowing your wealth, they might commit a crime just to get your funds after having your personal information to attain what you've left behind such as properties, money and etc. Maybe hide an complete informative letters so when time comes you could just simply tell them about it.

I think it's true as @Fuso.hp said but, try to choose the right time to talk to the person you trust most, be sure to be ready with some important notes from you to enter and be able to access your BTC assets easily later or if it's a bit difficult you can disburse it to the account concerned and if there is no other choice then hand it over symbolically if necessary using several people as witnesses that you have fulfilled your obligations so that your family can use them wisely later.

I think that everyone decides on his/her own whether to give the info about seed phrases to the relatives at some age... Just the same people do with fiat and with other belongings. The only problem with BTC and other cryptocurrencies is that they can't be legally stable. However, during the time when it belongs to the owner, it is also legally unstable, so nothing changes when seed phrase is acquired by the successor. So if relationship with children is good enough, then there wont be any problem, if the relationship is a bit tough, then a couple of wallets are to be lost forever...

That's why we need to be careful in finding the most trustworthy person to share those secrets with. You cannot arbitrarily choose any person, even if they are our relatives, but there will be this person and that person, not all of them are good people. But you should not be too suspicious and think badly about your loved ones because we are doing everything for them, not just for ourselves. Like me, I work and invest to support my parents and take care of my wife and children, so I have no reason to doubt or doubt them.

I apply the same approach to my family. Fortunately, I have a friend who understands Bitcoin, although he doesn't invest in it due to his busy business pursuits. He can be considered wealthier than me and is genuinely concerned about helping those less fortunate. His qualifications, in my opinion, are quite sound, as we have been close friends for a long time.

For the youngest member of my family, I have prepared a seed phrase. To convert that into fiat currency, my family member would need to meet with my friend.

What I don't want is for my friend and me to pass away simultaneously. That would mean my Bitcoin holdings would have no value to my family.

This is a problem that people have been talking about for a long time about Bitcoin. The only way is that you have to find someone you really trust to share private keys with. If you have a wife, then she is probably the right person, or you have a very trusted family.
However, you need to make preparations if you plan to make bitcoin your only property. However, the advice I have is that you should have other property to inherit, maybe you can use the bitcoins you currently have to build it little by little.

I agree with you. It is best to still have other properties and not just rely on Bitcoin. If OP is really passionate and believes in Bitcoin so much then OP can use it to invest in other things, I mean invest in Bitcoin and let the money grow and maybe use the profit to get more properties and investments. This way, Bitcoin will still be the main source of income and the main "property" but OP will have other sources to rely on in case the worst comes to worst. As much as I also believe in Bitcoin, especially with how much it has helped me financially, I know that I cannot fully rely on it alone.

I don't know how possible it is for you to only have bitcoin as a property, but since that was your insinuation, i hope you don't need much advise to how you can secure these one and only last hope you had in bitcoin in such a way that you will not end up loosing it later and you were unable to accomplish your intention of using it as an inheritance for your heir, the decision is yours and how you handle the situation will tell if you truly want it to serve as an inheritance or not, which i will start by encouraging you to know well about bitcoin and security.

There should be one person in your life who you can trust easily and share your all secrets because if you die then your seed phrase will become secret as a result of which all your money will be lost instead of giving benefit to any person of your family.

Other thing is that you should save your seed phrase and other private materials in your wardrobe so if you forget one of them you will be able to easily recover it. I know success should be kept private from others these days but if you are recover now so try to make your family and share your private keys with them.

Actually, mate, you said the truth about this issue of sharing the private, but the problem is, where are you even going to get a trusted one to hand over your holdings to someone? Because, in my opinion, giving someone your private key is just like handing over your funds to him or her. However, you can see that this is an issue with money, and you know how difficult it is to give out where your money is to someone to be in charge of it, so actually, while giving out your money to someone who you trust, make sure this person is someone that you believe will not disappoint you even when you are not more because something like this even family members betray sometimes.


Yeah, mate.
Seriously making bitcoin only the property you have on earth is totally a bad idea the only thing  is that why won’t you use just someone of the money you will use to buy bitcoin to maybe divide in to 2 so that you can use one part to purchase the bitcoin and the rest to do physical things like maybe a estate, store and something like that that will also generate money. Since you really need the bitcoin as part of the things you want if not I could have said you should divide it more than 2 that is said earlier so that you will not come and be panicking when something go other side of the bitcoin market and you can able to leave it there then continue using your physical investments to meet your needs out there.

Sometimes, we need to make sure that we make decisions that will help us in the future not minding what how we are seeing it. We need to ask ourselves a question and try to get the answer before we indulge in anything we have or intend to do.

Cryptocurrency is all about takimg risk and if we don't take the right decisions during our risk taking then we might end up during what we are doing without any achievement. Death is one of the things that make it look like cryptocurrency is not inheritable but there is a way we can go about it. We can inherit cryptocurrency but there is also risks attached to it. Cryptocurrency investment can be very beneficial to us if we are patient enough and do the right thing.

Any type of investment will only end up useless if it won’t be benefited after the investor is gone. That is the reason why we shouldn’t invest and just keep it into yourself because when death suddenly appears, then no one will ever know that you have huge bitcoin investment that can of great benefits to the people around. I just hope that you can find a trusted family member that you can talk about your bitcoin investment. Educate him and let him know how to access and use it once you’re gone. That way, all your efforts and hard work will not be wasted and will definitely help other people especially in need.

I think a man can trust his father and mother that's why he should tell his father or mother all the information about his investment because no one knows when a man's death will come that's why if his personal a person knows where he invested bitcoins.  If there is then this bitcoin will be very useful for that person that's why I want to tell everyone that you all should have a personal person because if you die then he can enjoy that bitcoin and spend his life.

It is very important to think about these things, since a bitcoin investor is only investing his life's wealth in bitcoins. Invests in Bitcoins and accumulates some fraction of it in his capital with the aim of getting good profits from Bitcoins in the future. Moreover, I know that a person does not live all his life, people are mortal, so a person who earns money than his life is happy mainly for his future generations. When you are a Bitcoin investor you should definitely convey these two things to your family. When your Bitcoin family members know your wealth they can enjoy it. If you die, your children will benefit greatly from those assets, so you should tell your family members the Bitcoin seed phrases.

There is a saying that it doesn't matter how long you live a life but matters is how well you lived, we no that death is inevitable but the question we should ask ourselves is that what foundation or legacy have you establish to your family? So in times of having only one source of income is not wise, so to me I cannot put only Bitcoin as my only source of wealth perhaps I could only invest half of my money on Bitcoin and channel other ones to different kind of investment because there is a proverb in my country that says that never put all your eggs in one basket because if you do, and the basket falls all the eggs you have gathered for many years will be broken, so this means that we shouldn't rely on one channel of investment so that of something happens you will have were to fall into.

Wealth and assets of the wealthy and influential have been diversified for centuries. Why? due to the fact that they are well aware of the dangers of a single point of failure. What would happen if you invested everything in Bitcoin and there was a market crash or some large corporations decided to manipulate the market? Your situation will be hopeless. You're referring to universal information that the wealthy have been using for many years, not just ancient knowledge from your own nation. Do not contribute to their larger plan by becoming another pawn. Act appropriately by being aware of the game.

The reason why we are here investing is to benefit the profits right after but if we are no longer alive, those investments will never be worthy anymore. So if we can find a trusted ally that we can leave our legacy and make him continue and benefit from it, it would be a better decision. At least, we are able to help that person to grow and improve his own life.

Sooner or later, all of us will have to be dealing with this concern whether one is involved with crypto or even not. Death really is a big question of when and not if. Time is coming when we will go somewhere else and we then leave everything behind including our crypto assets so in this case we should be making sure that someone will be receiving the assets so they will not just be waster digitally. Now, the best thing to do is to select someone whom we can truly trust and make sure that there will be instructions he/she should be following, in case we can have requests in mind. Now, that someone has to be vetted well, otherwise things will just go south and we don't want that to happen. For now, while being ready for the inevitable, let's just enjoy the roller-coaster ride we know is very much true in this industry.

All of us have an ending and it's inevitable. What you worry now about your Bitcoin has a simple solution and that is to have someone in your family where you can leave everything without hesitation. Because this particular person is a trustworthy (since you don't have a family of your own yet). We can't bring our fortune when we die therefore it's better to be prepared.

In my case I have someone who knows my seed phrase and other valuable assets. So even there's an unexpected scenario that came, I am at ease that my children won't be left behind with nothing.

and that would be parents if you are still not married because it is your parents no matter how illiterate they are just should teach them while you are still alive. For the other case if they have a wife that would be worthy of sharing because it would be a huge problem if you died as there is no one supporting them and mostly your bitcoin is lost forever.

Others purchase a ledger and put it in the safe and they tell their parents and wives to open it when he dies which would be your last will just in case as we don't know what will happen to us.

Perhaps my wife is the person I will think of first because she is the one who is always by my side and will have a great responsibility in taking care of my children if something unexpected happens to me. If someone doesn't have a family, their parents are the people they should trust. I don't think anyone would be kind enough to leave a legacy to an outsider like Freedomgo is talking about, and I also don't believe there is anyone who doesn't have a relative.

One more thing, we should share our secrets with our loved ones now, don't think about it until it's too late. Don't forget that we are working or investing in bitcoin for them, not entirely for each of us.

Not only to show your best family friend your private key or phase password of your Bitcoin wallet, with him/her don't have the knowledge of Bitcoin on how it works is a big mistake while doing that, the first thing is to write down your Bitcoin wallet private key or phase code as a document it offline and state them clear for your love one that has access to your documents if the person is no more. Moreover, Bitcoin has to be educated to our beloved family and how to make use of it.

Some of us are afraid to share any information about our crypto investment because we think that someone will have an interest in it and steal their Bitcoin that is why they prefer to keep it secret rather than tell their loved ones. Let us consider this as a sort of protection but on the other side, there is also a disadvantage which we also have to anticipate. Such practices need to be corrected, we have to let someone entrust with - the keys and passwords for the sake that they are able to access and benefit from them when the time has come.

It is very normal to be afraid of telling family members about your investments to avoid it being stolen which might lead to a family feud but then it is okay to let them have an idea of what you do and how you save your source of income. You don't necessarily have to give them the entire details just an idea. Also documentation also matters, in as much as you don't want anyone to know how much you have while you are alive, you definitely want them to have a share each incase unforseen circumstances occur, so document every little detail as much as you can.

Sometimes relationships with relatives are so bad and distant that you don’t want to leave anything for them. Moreover, often relatives cannot be trusted, as they can deceive, or they do not take cryptocurrencies seriously, and, accordingly, they don't take seriously what you are doing. Sometimes the best option is to leave investments to those who are in need, or to direct them to the development of an activity that you are passionate about, for example, an educational foundation or a theater studio.

Even the people who are there for you like your wife, who is always there for you even when you are at your poorest, are not trustworthy. Or the person who gave birth and raised you until you grow up and you don't trust them, then there is no one else in this world worthy of your trust. And for a person who always thinks that people always treat him badly, let's see who the cause comes from, what is certain that it is everyone's fault and not mine?

Many people don't take cryptocurrency seriously because they don't know its value but when you talk about its value, they will definitely pay attention and appreciate it just like you. Just like when you understand the true value of bitcoin, how much you love it.

Having just one investment is not good because anything can happen to that investment and when that happens you lose everything. You could make a mistake and expose your private keys and all your Bitcoin get stolen so having other investment is the best choice. And since you're looking to give your wealth to your family, investing in other things that can be passes on will be great and save you the stress of trusting someone with your private key.

Loved ones are turning to enemies, the divorce rate is rising and so many things are going wrong so trusting love one is becoming harder. Invest in Bitcoin and use your profits to invest in other business and have a will so if you die unexpectedly, the will can help distribute your wealth to your family.

Well it’s your family, I don’t think it is very hard choice to make if it’s your family and you trust at least one person who’s very close to you. Just hand over the keys to that particular person and forget about it. Since you are preparing yourself for not using the bitcoin and possibly just holding more then that’s the best option you have got. What else do you really expect from random answers about the seed phrase. You can’t just keep them hidden forever. It has to be passed on to someone so that they can avail the greatness of bitcoin. Otherwise they are just going to sit there forever if no one finds the keys. More or less this is applicable to all sort of properties and assets.

Divorce or relatives not trusting each other...all of those conflicts, we can control.  if you always doubt your wife or loved ones just because of money, they have no reason to trust you.  I believe that if you are sincere with them, they will do the same.

Bitcoin is just money and if we lose it, getting it back is not too difficult, but if the relationship between husband and wife breaks down, it will affect the future of your children.  The happiness of a family depends entirely on us.  don't ask others to be honest with you when you're doubting them too.

I see many bitcoin investors tend to be more suspicious of their loved ones when sharing seed phrases with loved ones, you guys seem to worship bitcoin, valuing bitcoin more than anything else.  Bitcoin was not created to make relationships between relatives worse, that is not the purpose of Bitcoin.

Too much emphasis on material wealth is the issue. This can impair judgement and harm relationships. Consider this perspective. Sharing seed words or sensitive financial data goes beyond trust. Mutual responsibility and risk awareness are key.

Make sure your loved ones understand Bitcoin's significance, security, and risks before sharing your details. Inform them about data security and digital currency management.

Remember, you can recover lost money, but repairing a relationship? Different ballgame. Respect and open communication should be prioritised. It involves you and your family managing your resources wisely to retain security and confidence.

If people fight and break up over money, it doesn't matter if it's bitcoin, or dollar, or gold, or just some pieces of paper. Bitcoin itself is not the cause of bad relationships. And if someone can't share a secret phrase with a wife or child, it means that they don't trust them in general, and not just being afraid for the crypto funds in their wallet. Because trust is not limited to only some issues, if it exists between close people. It is total.

Yes, if we talk about negative issues, then any investment, there will be fights in it. However, who is the person who plans to divorce? almost everyone wants their family to survive until their last moment. So, I think it's okay to save valuable things from the partner we have. However, it all comes back to each individual. I also think that it is quite risky to choose bitcoin as the only property you own. It's good if you have other investments from the profits you get from Bitcoin or your other work.

Honestly, I don't know how people treat their wives or relatives. But for me, I invest in bitcoin or I do everything for them, my loved ones. Therefore, I have never hesitated to share my important things with them because those things also belong to them even though I am the one who created those things. Indeed, money is very important, but in this world there are things more important than money, once lost, it is very difficult to get it back.

You're right, if a marriage fails or relatives compete for each other's wealth, bitcoin or money is not the cause. The reason is due to our own stupid greed, we are too selfish and always calculating before our loved ones.

you can entrust your seed phrase to someone you really trust and has good knowledge about bitcoin, maybe he will be able to develop your assets even more. or if you don't want to have someone you trust in your family, you can just leave your assets in your wallet because it's meaningless if you entrust your assets to someone who can't look after them and what's worse is that he uses your assets for negative things and i'm sure that you don't want that either.

It totally depends on you and your family members.
If you want your property to be enjoyed by your family after my death then you can definitely give. But this is what everyone wants so that after death his family should enjoy without wasting his money. But the question is, should you tell them about your bitcoin holdings while you're alive? If you have a trusted person then you can say.If you are not faithful, you may lose your lifetime money. For that you keep your Bitcoin accoint security in such a way that no one can access it except your device. Then you can tell them everything about you. So that they can enjoy your bitcoins from your device after death.

i believe in every family there is one or two person that you can trust such that you can hand over your seed phrase to them and instruct on what to do if you pass away. if there is more than one person you can trust then you can share the BTC into the number of persons and share one phrase to each of them. Alternatively you can input it in your will and instruct on how it will be handled.