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Bitcoin => Bitcoin Discussion => Topic started by: solkinsolali on August 23, 2018, 11:53:03 AM



Title: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: solkinsolali on August 23, 2018, 11:53:03 AM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.



Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: OmegaStarScream on August 23, 2018, 11:55:18 AM
Trust is the key factor here. A bank account cannot be access by the family members unless you die but that's not the case for crypto, If you give your password, unless you trust whoever you gave the password to 200%, you should expect that your funds will be gone at any moment.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Sama517 on August 23, 2018, 01:09:19 PM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.


Quite a good point though. But can someone actually include his cryptocurrency wallet in his will? Maybe that may help too. Otherwise, all the coins you have will just be wasted forever when you are dead.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: BQ on August 23, 2018, 01:12:30 PM
Having a hardware wallet in this situation would make it quite simple seeing as there's just a pin code required to access it, and one doesn't necessarily need to let anyone know of the fact that one has a hardware wallet, but, maybe leave a text in the will or a letter somewhere informing of the pin code?


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: nicster551 on August 23, 2018, 01:14:27 PM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.



Yes, I have already put all of my private keys and credentials to one notebook that my family could see if something wrong happens to me. I would like them to take all of my hard work if I'm gone.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: jzale on August 23, 2018, 01:21:31 PM
A good point to raise to the cryptocurrency community. I personally would leave a trace to my crypto asset to my most trusted family member. In case of worst case scenarios like paralyzation, coma and even death. It is important to make assurance that someone can access my crypto assets to be utilized. Don't ever entrust it to someone who's very accostumed to cryptocurremcy though. Temptations might hit the jar.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Indamuck on August 23, 2018, 01:24:09 PM
This is one of the greatest things about crypto , if you own the keys you have 100% control over the bitcoins in that wallet. 

The best thing to do is to set up a multi sig wallet between 2 or 3 family members so one person alone can't steal the coins.

I know a lot of men that wouldn't even trust their own wife.........


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Goodnuel on August 23, 2018, 01:39:19 PM
This is very true. I do feel we should try to teach our family about cryptocurrency instead. This way, everyone gets to have a basic knowledge about this works and as result you build trust and you can give them your keys or teach them how to find it incase you are not available anymore.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: 1Referee on August 23, 2018, 01:47:15 PM
I know a lot of men that wouldn't even trust their own wife.........

Trusting your wife is the worst possible thing you can do. No one should be so stupid to do that.

I won't ever grant anyone access to my coins, not even partly. When I'm no longer part of this world, my coins will be 'burned' for ever. I don't do it because I want to gift other fellow Bitcoiners extra value now there are less coins in circulation, but it's a principle thing. I'm not being selfish. Why is it selfish to just have your coins go down with you? I'm in no way obliged to help anyone who didn't do shit to deserve even one single satoshi of mine.

Who's there to help you? Family members are mostly just as much of a snake ready to bite when you're not looking. No thanks.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: LFC_Bitcoin on August 23, 2018, 01:59:00 PM
Family members can go fuck themselves to be honest. When I was younger a member of my own close family stole £25000 off me.
I told my Dad (it wasn’t him) I was going to report said guilty family member to the Police so he gave it to me from his own savings in the end to stop me.

Moral of the story - Be VERY careful giving any cunt your private key(s) as you never know what kind of financial trouble they may get into in the future & steal your coins.

My girlfriend (of 10 years) knows how to sell my bitcoin’s & the password to my wallets, I trust her & her alone really.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: gabmen on August 23, 2018, 02:01:05 PM
Well of course that would be something to consider since you would have to have someone to leave your assets to in case something happens to you. Though not all family members should know your private keys and i don't think everyone would understand how that would work but at least your most trusted kin should have access to it.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: dothebeats on August 23, 2018, 02:05:31 PM
I won't make it easy as much as I'd love to and perhaps, I'm better off making a puzzle piece for the said coin holding rather than give it easily to people I know will, at some point, wrong me, especially if there's money involved. Trusting is not easy at these times, especially if it involves money since everyone can turn their backs on you due to monetary incentives. I know it sounds harsh but the fundamentals of a 'family' is easily broken once there's huge money involved, so no, I won't give it directly but rather make them work or think for it. It's for them in the end, but while I'm still around, no one should be touching my coins.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Reality5 on August 23, 2018, 06:26:17 PM
This is quite true. Death will surely come upon us all someday. In order not to have our coins stucked forever, we should leave a trace behind to a trusted next of kin.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Gabali126 on August 23, 2018, 10:29:28 PM
I know a lot of men that wouldn't even trust their own wife.........

Trusting your wife is the worst possible thing you can do. No one should be so stupid to do that.

I won't ever grant anyone access to my coins, not even partly. When I'm no longer part of this world, my coins will be 'burned' for ever. I don't do it because I want to gift other fellow Bitcoiners extra value now there are less coins in circulation, but it's a principle thing. I'm not being selfish. Why is it selfish to just have your coins go down with you? I'm in no way obliged to help anyone who didn't do shit to deserve even one single satoshi of mine.

Who's there to help you? Family members are mostly just as much of a snake ready to bite when you're not looking. No thanks.
I don't agree with you. The fact that you don't trust your wife, the mother of your children does not imply you should allow the wealth you worked for be wasted away to no one. What happens to your children then? You are just very selfish. There is no impact your supposed 'burned' coins according to you will have on the price of that coin in the crypto market. Your total worth is negligible compared to the entire crypto market. Leave a trace for them to find your coins. Also remember that someone will bury you when you are dead.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: fulled on August 23, 2018, 10:40:52 PM
This is one of my concern, i think bitcoin sooner or later, somehow need to create a protocol for family inherit, but i still can imagine what is the best way to make this thing possible on bitcoin chain


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: BitHodler on August 23, 2018, 11:10:04 PM
It's quite a sensitive subject. On one side I'm like I'll keep everything with me, which is indeed quite selfish but that's the world we live in today. The other side is less selfish and at least wants me try to help my own family where I can.

I really need to think it through properly because at this point in my life there is so much that can change still (I'm near 30), that everything that happens in the next few years might and will likely change my opinion.

My initial opinion is that I'm definitely open to set up a seperate cold wallet that my own family (with my approval) will be able to access. The rest of my holdings will remain with me and it actually feels good enough like this.

I'm not Santa Claus. I don't want anyone to feel like they have my wealth as target to nurse their own greed. I want to stimulate and help where I can, not make myself become a target for my own family.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: amobi on August 23, 2018, 11:12:33 PM
Seriously Mate, you just hit the nail on the head, you are hundred percent right on this, i can believe you less...we really need to find a way to leave a clue for our loved ones that can help them get access to our wallets in case we are gone, its the fact.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: zolfa on August 23, 2018, 11:18:14 PM
yes, our family must know the privacy key of the bitcoin wallet. especially our wife and children. it will be a legacy for them.

I think this is something very important, because the value of bitcoin is better than gold, so we have to save and keep the assets of bitcoin well.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: hatshepsut93 on August 23, 2018, 11:22:04 PM
The solution is simple - make a dead man's switch. You can code a simple program that will release your wallet to your family after a certain period of time, and then you'll have to only reset it once in a while with your secret key to prevent it from going off. When you'll die, there will be no one to reset it and it will go off eventually. Also there are other schemes, for example you can split your key with Shamir's Secret Sharing, give some shards to trusted guardian(s), the rest to some family members, and then your coins only can be accessed if all parties cooperate. Similar scheme can be achieved with multisig.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Olayinka225 on August 24, 2018, 06:43:34 AM
This is just thr bitter truth that anyone don't wonna hear. But the truth of the matter is that even if we gonna protect our private keys or password it shouldn't be from our kids and trusted ones. They should atleast know little things about what we're doing incase of emergencies. Sometimes, our phone or computer password should also be know by them. Nobody know when something is going to happen that we might not be able to talk or write. So let's yield to this advice.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Glad108 on August 24, 2018, 11:42:09 AM
The thing is that most of us are just over secretive. If it was possible for us to keep our own secret from ourselves, maybe we would have. There are some people you just have to let into certain things in your life especially passwords. Bring up your child in a way he/she will be a to keep your passwords or private keys safe even in your absence. You MUST die one day.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Korkorjkk on August 24, 2018, 11:49:25 AM
This is very true, I agree with you. Anything can happen to anyone at anytime, and if no one knows about your key, it means your money will be lost forever.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Mofazzal840 on August 24, 2018, 11:56:20 AM
I always save my wallet key  in safety place because it is the most important to all the crypto user.On the other hand we should teach our family member about wallet key and password.  ;)   


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: tegarp90 on August 24, 2018, 02:42:34 PM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.



Offline wallet is really recommended when you're having more than 1 btc. Because your wallet could be the target of the hackers.
So, keep safe with your self


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: paulo013 on August 24, 2018, 03:17:46 PM
This is the situation that i thinking if im gone someday. How can i help my family on financial needs?. Then this is the time to opened up my wallet keys on my family specially to my brother and sister. I don't want to be selfish to them. I teached them how was cryptocurrency work. We have to think it advance from every situation can be happen in the future. I think this is the best thing we can do to our family.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: meritbygrace on August 24, 2018, 04:25:53 PM
YES. it should,Wallet Keys and Passwords should be known to you and you alone, But who knows what next to happen! like myself my younger sister has mine keys and password. she's my lovely one, very trustworthy, its all depend on one self.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: ajuelnah akun on August 24, 2018, 04:37:32 PM
make a copy of your private key wallet, and give it to the closest person such as your wife or the person you trust the most.
so if something bad happens then your bitcoin will still be accessible and used.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: kingcolex on August 24, 2018, 04:42:12 PM
A cold storage paperwallet with an easy to reveal private key would solve this. Just keep it in a safe spot where your wife knows where it is and how she can redeem it.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Ferki on August 24, 2018, 04:47:48 PM
Well,thats something to think about.Not becouse we are selfish,or i´m selfish.Just becouse i´m to lasy to get my son or wife into it.Now i need to write all those passwords down on the paper. But imagine those guys with lot of MEW´s accounts if something goes bad.
Ty for the thoughts anyway


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: MadaraAvenger on August 24, 2018, 04:51:01 PM
Well it's fundamental and one of the most important rulles in crypto "always make sure you're in full control of your funds". Besides this, it's not safe to keep your altcoins into exchanges, you never know what can happen with that certain exchange. The only reason to keep altcoin on exchanges are because you're a trader or you're lazy to get a hardware wallet...


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: eternalgloom on August 24, 2018, 05:18:04 PM
I've long taken care of that aspect, it's something I thought about a couple of years ago.
Like, 3 or 4 years ago, I've compiled a pretty extensive tutorial on how to exchange the funds on my paper wallets and I've given that tutorial to some family members.

I've given just the tutorial though, so they currently have no access to any private keys.
Now, if something were to happen to me, they know where they can find my private keys, but as long as that doesn't happen => no access.

I'm not going to go into too much detail, but something like this is pretty easy to set up when you think about it.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: vicvicto17 on August 24, 2018, 05:53:55 PM
As far as i know there's a certain coin that will validate your private key. Example if you're a consignee A and you have another COnsignee B which is your love ones. they can get the amount that you have- It's like multi sginature wallet. One good example is Nem(XEM) they have this wallet. So it's very safe and easy to use, Unlike other altcoins that they offer


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: kingcolex on August 24, 2018, 05:56:08 PM
I've long taken care of that aspect, it's something I thought about a couple of years ago.
Like, 3 or 4 years ago, I've compiled a pretty extensive tutorial on how to exchange the funds on my paper wallets and I've given that tutorial to some family members.

I've given just the tutorial though, so they currently have no access to any private keys.
Now, if something were to happen to me, they know where they can find my private keys, but as long as that doesn't happen => no access.

I'm not going to go into too much detail, but something like this is pretty easy to set up when you think about it.
The key to your safe is inside you! I knew it all along! But seriously how can they not be able to access a location with you alive only?


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: darkangel11 on August 24, 2018, 06:55:12 PM
I'm not taking this whole thing about keeping keys private and protecting the money too seriously. Some of you guys are going too far with the secrecy, not telling anyone that you have cryptocurrencies, keeping your passphrases secret and such. If you live with someone and are running a house with that person, there's no reason not to trust each other. If your wife decides to kill you and get your money she will find a way. If you have reasons not to trust her just get a divorce right away and find someone else.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: BestSSS on August 24, 2018, 07:08:17 PM
I know a lot of men that wouldn't even trust their own wife.........

Trusting your wife is the worst possible thing you can do. No one should be so stupid to do that.

I won't ever grant anyone access to my coins, not even partly. When I'm no longer part of this world, my coins will be 'burned' for ever. I don't do it because I want to gift other fellow Bitcoiners extra value now there are less coins in circulation, but it's a principle thing. I'm not being selfish. Why is it selfish to just have your coins go down with you? I'm in no way obliged to help anyone who didn't do shit to deserve even one single satoshi of mine.

Who's there to help you? Family members are mostly just as much of a snake ready to bite when you're not looking. No thanks.
A family you don't trust is not a family! Why live with a man who is willing to steal everything from his most loved one - it's not right. All the money earned is always a common property of your family for the benefit of children and yourself and I think it's right. Trust and love are the first things to live for. Why do you need your wealth if you do not want to leave it to anyone. If tomorrow you will not be - for whom all your work?


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: darkangel11 on August 24, 2018, 07:15:01 PM
I've long taken care of that aspect, it's something I thought about a couple of years ago.
Like, 3 or 4 years ago, I've compiled a pretty extensive tutorial on how to exchange the funds on my paper wallets and I've given that tutorial to some family members.

I've given just the tutorial though, so they currently have no access to any private keys.
Now, if something were to happen to me, they know where they can find my private keys, but as long as that doesn't happen => no access.

I'm not going to go into too much detail, but something like this is pretty easy to set up when you think about it.
The key to your safe is inside you! I knew it all along! But seriously how can they not be able to access a location with you alive only?
The easiest way is to write a will and deposit it at a lawyer's office. If you want to be very safe put your passphrase into the will and place an encrypted wallet file somewhere in the house. The location should also be in the wil. This way if somebody finds the file in your house they will still need the passphrase (most likely they won't know what it is if you change the name and put it in a folder with a lot of other similar files). The lawyer will also not be able to take your money as he would have to steal the files from your house first. If you die the family will get the whole thing.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: harizen on August 24, 2018, 07:15:28 PM
Trusting your wife is the worst possible thing you can do. No one should be so stupid to do that.

Who's there to help you? Family members are mostly just as much of a snake ready to bite when you're not looking. No thanks.

Family members can go fuck themselves to be honest.

Save your story to yourselves. Don't applied it generally to everyone because people have different experience.

Feel sorry for the experienced you



To summarize my story, all my private keys including keys from a dead and shitcoin are all placed in a note (Flash Drive and saved from different storages). That will also include the .dat file of a wallet. All my family members knows that note.

Too much drama for me if until to the end I will kept it as secret just because of my self reason and price. I trust my family and I don't even care if they will spend it although they will not do it.

Well then we have different approach and story on our side. I will not take my statement in general.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Phil315 on August 25, 2018, 12:51:15 AM
This is a very good advice to everyone out there. Don't allow your family to starve to death whereas they are seeing cryptocurrencies worth thousands in your wallet addresses they cannot access.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: solkinsolali on August 25, 2018, 09:33:13 AM
I'm not taking this whole thing about keeping keys private and protecting the money too seriously. Some of you guys are going too far with the secrecy, not telling anyone that you have cryptocurrencies, keeping your passphrases secret and such. If you live with someone and are running a house with that person, there's no reason not to trust each other. If your wife decides to kill you and get your money she will find a way. If you have reasons not to trust her just get a divorce right away and find someone else.
Thanks very much. You have also point out a very important thing here. Your wife can always find her way round you. So, if you are not safe with her, then maybe you take a decision about it.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: jamesblue1 on August 25, 2018, 09:44:21 AM
Its so easy, before you die or when you know that you have health issues or your life is being threatened, then simply make a note that your family can only open when you're gone. That note should contain not just the keys/passwords but also on how they are able to get the funds.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Lucius on August 25, 2018, 10:06:10 AM

The easiest way is to write a will and deposit it at a lawyer's office. If you want to be very safe put your passphrase into the will and place an encrypted wallet file somewhere in the house. The location should also be in the wil. This way if somebody finds the file in your house they will still need the passphrase (most likely they won't know what it is if you change the name and put it in a folder with a lot of other similar files). The lawyer will also not be able to take your money as he would have to steal the files from your house first. If you die the family will get the whole thing.

It seems to me this is the safest option if you want to make sure that no one from the family members will not come to the temptation to take coins from real owner before he dies. But this option is not free and lawyer need to be 100% trusted, these day you can not be sure actually in no one. Lawyer always can sell this info to some criminals who will come to your house and get wallet file, then they will split the money. This perhaps resembles a film script, but it can happen in real life.

The key thing is trust, some people can be trusted and some not - but I think if we have someone which means something to us in life, we should enable him to inherit our private keys. The idea that all of what I've worked for years one day just disappears in the endless expanses of digital space is not something I like it.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: giantrobot on August 25, 2018, 10:18:51 AM
This is a matter of concern. Unlike the wallet or hardware of a bank, no one can manage your wallet electronically. Unless you reveal information about it, only you have the key to open it. We should be prepared when things are unlucky, all information and money will lose with us, our efforts become hopeless and do not help the family. We should be prepared to prevent this bad thing. One of the ways is the wallet hardware and paper wallet, delivered to the people we trust most.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Cryptoville247 on August 25, 2018, 06:20:44 PM
Whether anyone likes it or not, he will die. We have no choice other than to entrust our keys to someone before we die. Else, the coins will be wasted.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: L lawliet on August 25, 2018, 06:22:34 PM
Trust is the key factor here. A bank account cannot be access by the family members unless you die but that's not the case for crypto, If you give your password, unless you trust whoever you gave the password to 200%, you should expect that your funds will be gone at any moment.

yeap really true. because this is our treasure


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: RustyBits on August 26, 2018, 01:39:10 AM
Its so easy, before you die or when you know that you have health issues or your life is being threatened, then simply make a note that your family can only open when you're gone. That note should contain not just the keys/passwords but also on how they are able to get the funds.

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

Trusting your wife is the worst possible thing you can do. No one should be so stupid to do that.

I won't ever grant anyone access to my coins, not even partly. When I'm no longer part of this world, my coins will be 'burned' for ever. I don't do it because I want to gift other fellow Bitcoiners extra value now there are less coins in circulation, but it's a principle thing. I'm not being selfish. Why is it selfish to just have your coins go down with you? I'm in no way obliged to help anyone who didn't do shit to deserve even one single satoshi of mine.

Who's there to help you? Family members are mostly just as much of a snake ready to bite when you're not looking. No thanks.

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

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

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


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Tubig on August 26, 2018, 02:34:24 AM
This topic have a really good point.  We all wanted to make our wallets safe but we also have this trusted people that we can authorized to have an access in our wallets. Maybe we cannot say it now but at least we must have leave s "last will - like letter"  that our family can read when the day comes. We are all saving for the future so I think this will be the best decision that we can do that what we have work on really hard can help out our family. And as early as we can we must introduce crypto or blockchain atleast one of our trusted family members.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: KARGEL on August 26, 2018, 02:56:56 AM
How can you trust someone if you yourself cannot trust? We should first learn how to trust ourselves by knowing the possibilities of sudden death that is inevitable. Knowing is different from trusting, trust a person not just by blood. As the saying goes, "Blood is thicker than water". Trust can be broken but its up to you who to trust. Your family, relatives, husband/wife, close friend or your ordinary neighbor. You cannot bring your cryptocurrency wallet or bitcoins to wherever you are going after death. If you cannot trust it to someone, just put in heart and in mind that someone in need whether small or big can use it. Just think of the benefits they can get if that person you lend it to can use it.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: roxbit on August 26, 2018, 03:07:35 AM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.



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


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: AntonDalrymple on August 26, 2018, 08:22:34 AM
Yes, it is a great thought and of course it will become the most helpful thing, password should be like beyond and sequence, we just need to put it and save it.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Siren on August 26, 2018, 09:03:38 AM
Trust is the key factor here. A bank account cannot be access by the family members unless you die but that's not the case for crypto, If you give your password, unless you trust whoever you gave the password to 200%, you should expect that your funds will be gone at any moment.

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


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Cyptocity on August 26, 2018, 09:20:27 AM
The question is, what happens in the case of chronic sickness or death? What happens when you give your legal adviser the keys to be given to your spouse in case of death? What if everyone who has access to cryptocurrencies vanishes as it happens in the movies, how do those left carry on? I gave out all my private keys and exchanges details to my little sister whom is just 6years old but very brainy to capture everything she is being told...


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Wendigo on August 26, 2018, 09:55:37 AM
Well I prefer to keep my Bitcoin stash private. If I feel like I am about to kick the bucket I will surely pass my private keys to the closest trusted relative I have. It's not like I am Scrooge McDuck sitting on a treasure trove so if I die unexpectedly it's not going to be such a huge monetary loss for my family. But I am definitely not going to trust an attorney with my Bitcoin wallet. If it's gone forever so be it.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: amezov on August 26, 2018, 10:12:34 AM
my electronic data are stored in the people closest to me in the phone, and just in case, in paper form, is in a secluded place!


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: TIDOVEE on August 26, 2018, 10:23:12 AM
Well, it is always advisable to keep ones wallet confidential because as soon as it is unsafely revealed into hackers, your token is not safe. In the same vein, as you have said, if one die, ones token becomes a loss.
What I always advice is one should not always store too much token in your wallet, make large exchange when necessary and set up visible business that will produce direct income which your family can always enjoy even if one dies.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: ToniJu on August 26, 2018, 10:25:59 AM
Thanks, I will remember your tips, although I will not provide private keys to outsiders, but I am happy to give them to my loved ones to keep!


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: maichimoto on August 26, 2018, 10:26:31 AM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.



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


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Nurul_ on August 26, 2018, 10:31:07 AM
it must be bro. even if we can write or we have our password printer. just in case something happens that we don't want bro .


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: GazorpPozorpec on August 26, 2018, 10:35:49 AM
I think that's not a problem. Why not just bequeath to your family a flash drive with bitcoin and other cryptocurrencies? Why tell them the password when you're alive? It is not only a matter of trust but also of security. If bad people find out that your family has access to the money they can make them tell everything. By telling your family the password you also shift some of the responsibility for your money to them.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Dudeperfect on August 26, 2018, 10:43:26 AM
The crypto is all about self-responsibility and hence one should not only take care of his crypto assets but also make sure that there is someone responsible and trustworthy in his family to handle his crypto assets in the absence of the user. I won't trust any online or offline service as anyone having the keys will be in a position to transact using our funds. Explaining someone (trustworthy family member) about cryptocurrencies and giving them the idea of extracting funds in the absence or inability of the user is the best way to take care of the family members.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: mojo2208 on August 26, 2018, 10:51:37 AM
Yes. Only you need to know the data from your wallets, and only you need to know where these data are stored! ;D


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: ammo121810 on August 26, 2018, 02:11:28 PM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.



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


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: BulbaLord on August 26, 2018, 02:19:02 PM
Yes at first you think that your password must only known by yourself. Make a secret to anyone.  Only you can have it.  But think and think that there is a question that in your mind.  When you die what happen to your coins if you only know your password,  if somebody or anyone knows your password?  So i must suggest that,  i think youst trust one person to know your password so if you died,  your coins cannot be wasted. 


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: kier010 on August 26, 2018, 02:28:59 PM
we do not know what will happen so we must share the information to our love ones someone we can trust. wife or husband or children closest to us. so if anything unexpected happen they can use it.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Taki on August 26, 2018, 02:32:09 PM
For all my wallet's, emails, sites that I visit often to buy things online and social network pages I use different variants of one password, just changing one or two letters on big ones. Such strategy protects my profiles... from my own  ;D


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Adeforever on August 26, 2018, 02:55:01 PM
It is true your wallet keys and password should be known to you and you alone, let assume, you are sick and the sickness is to the point of death in which fund is needed to rescue you from the sickness, then your key and password is needed to access the fund in your wallet. What will be the way out. I suggest you should have an intimate and trustworthy friend that you can share your wallet key and password with. In case of unforseen circumstances.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: [ProTrader] on August 26, 2018, 07:08:04 PM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.


You should have at least a note or a last will testament in your private keys of your crypto wallet in case of death. You should take this seriously because once your gone all your assets will go into waste. We accumulate wealth not just for us but also for our love ones.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Ajadey4 on August 26, 2018, 07:59:16 PM
This warning needs to be sounded lound and clear. Interestingly or not, you have airdrops requesting for private keys these days and the sole aim from their BOT is to see if one is not a robot. Imagine that. You give out such sensitive information about your wallet, and the wallet is gone for good. And on the other part you raised, I have always been thinking about it too. Should finalize on it pretty soon as you raised a valid point. Well, we ain't dying soon, we will live to enjoy the BTC pump. 


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: liseff3 on August 26, 2018, 08:48:44 PM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.


Quite a good point though. But can someone actually include his cryptocurrency wallet in his will? Maybe that may help too. Otherwise, all the coins you have will just be wasted forever when you are dead.

Your answer's very interesting, though very simple but very reasonable and easily understood by anyone, even for those who are still laymen. I think if there's an easier way why look for difficult ways.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: aoluain on August 26, 2018, 09:04:40 PM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.



Decision made a while back and it was easy. I have entrusted 2 people with
my private keys, my crypto brother who enticed me into bitcoin and my
daughter, who has no interest in crypto but hopefully in the future she will
remember what I tokd her should anything happen to me.

Its better than leaving the wallets to freeze and at least someone can
enjoy the benefits.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Phlaser on August 26, 2018, 09:09:20 PM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.



The best option is such situation is to have a hardware token that stores all assets thus it will be very easy for any of the family members to access given enough details on what to do and how to go about it. Bitcoin and Cryptocurrency at the present moment is what passing on to family members.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: gabbie2010 on August 26, 2018, 09:35:03 PM
Having a hardware wallet in this situation would make it quite simple seeing as there's just a pin code required to access it, and one doesn't necessarily need to let anyone know of the fact that one has a hardware wallet, but, maybe leave a text in the will or a letter somewhere informing of the pin code?
You have indeed raised a valid point here, its better to hodl all your Cryptos assets in a hardware with a simple and straight forward password concealed and kept in a will or even in file kept in a secure place, this will prevent the cumbersome means of assessing some online wallets like mew, block chain, coinbase etc. which might be difficult to access by a newbie in cryptosystem.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: dgreat on August 26, 2018, 10:46:56 PM

as far as privacy policy is concerned anything of such nature such as your wallet keys and passwords should be known to you alone and yes that is the simple truth because it is valuable, the gate way and access to your finance which calls for more reasons why it should be private to you alone. why because these are the details that gives direct access to your financial account for withdrawal and every other transaction which you would want to do never forget these details are the most sourced for by hackers,fraudsters,scammers lots of them too numerous to mention are all alert and waiting for the slightest opportunity to hack into peoples account but this is just the real truth always or make sure to live a trace for your family when you are not around so they can have access to your details atleast it could be of great help for the family if they get details of it. choose a particular person from your family to entrust your details to.it might just help the family in time to come rather than getting it freezed or for some other persons you know not to merit what your family is supposed to.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Escf4 on August 26, 2018, 10:56:40 PM
That should be it ,that the walletkeys and your passwords must be known to you alone , this is for security and prevent this from hacking incidents , but in case if emergency and you are dying if you could relay all your hidden things especially this pin, keys ,password you can pass this to your trusted one ,to continue your legacy,bur if you are lively keeps this things secrets as much as possible.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: BQ on August 26, 2018, 11:28:54 PM
maybe if we give it a few years, people will be "on the blockchain" (tracked!) and a smartcontract can move funds over to family members when one goes "offline"  :o


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: solkinsolali on August 27, 2018, 11:19:33 PM
Having a hardware wallet in this situation would make it quite simple seeing as there's just a pin code required to access it, and one doesn't necessarily need to let anyone know of the fact that one has a hardware wallet, but, maybe leave a text in the will or a letter somewhere informing of the pin code?
You have indeed raised a valid point here, its better to hodl all your Cryptos assets in a hardware with a simple and straight forward password concealed and kept in a will or even in file kept in a secure place, this will prevent the cumbersome means of assessing some online wallets like mew, block chain, coinbase etc. which might be difficult to access by a newbie in cryptosystem.
This will really be a very good idea. Maybe you just let the person you will entrust the wallet to know where you keep the hard wallet, and then right the PIN in your will, and some clue statements that even your lawyer may not be aware of unless the person you will entrust the wallet to. You may discuss this with the person ahead of time maybe without full details, but if it is your child, you may be less in with your secrets.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: mktpromp on August 28, 2018, 04:41:17 PM
If you do trust that member or that person enough then sure, it will be safe to disclose it. Just like banks, we trust them enough with our money, the same will happen with that said person.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: StrongImagine301 on August 28, 2018, 06:20:11 PM
Because what we get in crypto world all are going to store in the wallet so that we need to be more conscious about the key and password and never going to disclose this in front of anyone.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Fishthatgirl3 on August 28, 2018, 06:24:01 PM
I already told my beloveds that i have this much of crypto and that much. I also put those keys in a safe place and let some of my families know just in case.
In this world, you never know. Things happen. I haven't had a wife but if I do now, she will be the first one that I share my passwords and secret stuff in crypto. Of course.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: SummerHamster on August 28, 2018, 11:10:51 PM
The fact here is not about letting your family know rather letting people to know your private key whom you can trust with your everything. I am quite sure we all have someone like that, be it our kids or wife or even friends. Otherwise, there is no point is saving those money and taking them along with you to the grave.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: raidarksword on August 28, 2018, 11:19:03 PM
Hacking online is imminent especially related to financial assets and everyone should be careful about it. As crypto currency is on trend this would find a great interest on mischief and inevitable but there are some tips to avoid from hacking attacks. Private keys are always our responsible for safekeeping and it should be most important to do so. Mostly hackers used phishing method so it's best to always bookmarks important websites in order to avoid phishing sites sometimes it can be sent thru emails.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: nellakarisma on August 28, 2018, 11:19:59 PM
it must be bro. but I also told my family password to my family like my wife or child, bro. because the name is alive no one knows when Ki will die. to guard something we don't want


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: tsinelas on August 29, 2018, 12:50:16 AM
Trust is the key factor here. A bank account cannot be access by the family members unless you die but that's not the case for crypto, If you give your password, unless you trust whoever you gave the password to 200%, you should expect that your funds will be gone at any moment.
I agree that the time you have shared you password or key there is a risk that it maybe gone anytime, but we can have a record of our accounts so that when the time comes your family can have money to spend.  Have the capability to access it. Just remember that don't keep a secret dead or it will not be a history.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: bigblackdeck45 on August 29, 2018, 01:27:47 AM
I have all my wallet keys and password saved in a USB stick with a couple of notes. If anything ever happens to me my family will eventually find it and use what I have in my cryptocurrency wallets. I trust my family more than anyone because no matter what happens they will still be my family.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: KrishaBitcoin on August 29, 2018, 01:41:24 AM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.



It is right that we should keep our keys, passwords and accounts to safety in which part of that precaution is to share them only to your trusted love ones which is your family or your wife and children to ensure that they could use them whem we are gone. I have already instructed my family on what they will do in case there is any untoward bad incidents that may happen to me.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: nikki4 on August 29, 2018, 02:55:12 AM
That is really true that the wallet keys and passwords of our crypto wallet should be only know to ourselves because it is the only way to make our own money at safe. Well, in case of emergency and you wanted some to have access to it in case of something bad happen something like you die, you need to  give it to your wife, parents or to your most trusted person. No one is to be blame if you lost your crypto because you are the only one that is responsible for this.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: easycoin995 on August 29, 2018, 04:09:46 PM
Trusting family member can also be a bad idea given that the family members can also backstab you. I am quite sure we have all witnessed such incidents in our life. So, it would be really better if we can actually include the pass in our will or keep it in a vault where it can be accessible only after our deaths.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: JohnHendry on August 30, 2018, 07:36:53 PM
The key of the wallets are the major thing because it will going to contain our crypto so , we should make a very unique key and write it save it and hide it from others.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: DAVETUN on August 30, 2018, 08:59:00 PM
I feel  your wallet keys is better know to you alone or your wife, that is if you can trust her, in order to avoid a waste or loss of your portfolio which has lots of value in the space, Most importantly let yourfamily get to know you are involve with cryptocurrency, if the unfortunate happen sure when they have access to your laptop they should be able to locate the keys base on instructions.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: 2408AAY on August 30, 2018, 09:50:05 PM
Exactly. I agree with you. Your wallet keys should be known to you alone because you don't know who your enemy is. Just be careful of people you trust and keep your password and wallet safe from hackers and theft cases.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Naughty Princess on August 30, 2018, 10:49:38 PM
I feel  your wallet keys is better know to you alone or your wife, that is if you can trust her, in order to avoid a waste or loss of your portfolio which has lots of value in the space, Most importantly let yourfamily get to know you are involve with cryptocurrency, if the unfortunate happen sure when they have access to your laptop they should be able to locate the keys base on instructions.
Family is the most trusted one where they can keep even your secret because it is for their own security for the future. Private when lose can be access by hacker or maybe forgotten to access the account. If that happen all your work and effort can be wasted and turned your family to be nothing. Tell your wife first and on your siblings when they on right age to understand it.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: KINGCHACHA1 on August 30, 2018, 11:01:01 PM
It is the norm in blockchain world to keep the private key and password extremely secret for only your consumption. Let me share my little experience, last month I went to the hospital for what I see as a minor surgery but after the surgery it escalated to a very  serous issue and along the line I finish the money in my fiat account and the only money remaining were my digital asset and someone I trusted have to bring it out as fiat. In conclusion make sure someone you trust like family member have access to your private key and password.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: AimHigh on August 30, 2018, 11:23:31 PM
Of course yes why you need to trust others on your accounts we know some people that in terms of money they are greedy and we need to protect it and no one can knows. Private keys, password even your userid is for you alone. We know their is so many hackers today and greedy in money so that you should know how you protect your personal account.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: gidaahmad on August 30, 2018, 11:50:33 PM
At least backup passwords and Private Keys to people we trust. Because that will increase your confidence as a coin holder, if the worst possibility in life occurs.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: RustyBits on August 31, 2018, 05:25:54 PM
I located a very good article (https://medium.com/@pamelawjd/humans-die-cryptocurrencies-dont-d392627bb15c) on this subject with some ideas of how to handle cryptos and mortality. This has some good tips that I intend to follow up on. The author even includes a sample letter that you can customize to your own situation and leave for your family members. It is definitely worth reading, even if you already have plans in place or you don't intend to take any action.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: chidrawarster on August 31, 2018, 05:41:39 PM
Yes it's the fact that the codes and passwords have to be kept secure for any financial instrument. Basically, these details have to be stored upfront without having somebody knowledge on this aspect. I have seen many people asking for the same advice about hiding the details, I always suggested to share with your near and dear ones to avoid any exigenxy in the future.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: rabinot on September 02, 2018, 03:31:19 PM
not the most positive article, but the author wrote the absolute truth this must not be forgotten!


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: QualifiedDraft25 on September 02, 2018, 05:59:43 PM
Wallet is the most important thing and because it only open through password and if anyone get this they can open it so we need to make it secure and hide it always.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Tszone on September 02, 2018, 07:17:37 PM
Keeping your wallet keys and passwords safe is a daunting task to be done because of hackers. I feel that those details should be made known only to a small circle of family members that can be sincerely trusted incase of any impromptu situation.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Mrconnect on September 02, 2018, 07:20:39 PM
I think your advice is valid. Death is both inevitable and unpredictable. As much as you have to safeguard your wallets, thereis that one person in the world that you can trust. Maybe you can share your wallet passkey with them. Just incase any eventuality happens. That way someone will be able to lay claim to your cryptowealth. Good topic !


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: maksimukr1989 on September 02, 2018, 08:20:03 PM
Yes You are right.But before you leave the passwords from their wallets to his family that they need to be instructed how these passwords to use and where to enter them)


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: heartwreck on September 02, 2018, 08:32:20 PM
Id made a notebook where i can put all my passwords and private key into ot. So what ever happens to me my family will see it and used what ever i had into it.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: TobMarshall on September 02, 2018, 09:10:07 PM
Yes to you and only you. Against hackers and other unwelcome guests. One has to be very careful, your wallet is where your investment lies, lose it and know what it feels like. I know nobody hopes for death, but hoping that this currency goes for a long term it is necessary to keep all records of password in written form both for yourself against forgetting and in a case of worse moment to ensure your family help you in securing till.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Mariela on September 02, 2018, 09:28:03 PM
Only you can know the password and wallet accounts?
I think that is wrong. If you are married or a single you must tell your account to your love is one. Like you father mother or spouse.
What if you die? Your coins also die.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: D C on September 02, 2018, 09:31:18 PM
This "problem" will get bigger in the future....who knows how many coins have already been lost because of accidental deaths etc...


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Gozmoc on September 02, 2018, 09:33:14 PM
Who shares something as confidential as a private key. I would never do that for any reason, no matter the close relationship between us.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: teejayrichard2 on September 02, 2018, 09:52:48 PM
you are absolutely right on this. i actually thought about this somedays ago, asking myself how will my family access my wealth stored online without my keys. though it is risky, one has to look deeply at his or her family and pick out someone who can be trusted or leave a clue about their bitcoin account with a lawyer


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: YoungMaster on September 03, 2018, 01:30:43 PM
Maybe it's too hard for us, but I think it's an obligation for us to tell our private keys to the family. But we must tell our family not to share it to anyone else and also keep it secret if we keeping bitcoins.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: FlexBrah on September 03, 2018, 02:22:36 PM
Perhaps it is worth explaining to your wife or close relatives how to use your bitcoins and give them access in case there is some kind of trouble.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: mansilkroad on September 03, 2018, 02:31:32 PM
That's a fair point here. Didn't realise it before. We should have at least 1 person in our life that we can trust and rely on and may give them acces to those coins.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Adeforever on September 03, 2018, 02:41:22 PM
It is true your key and password to your wallet should be known to you but some times unforeseen circumstances do happen which might warrant your key and password to be known by somebody else. The person just have to be a trusted person to you.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: OnceTwiceThird on September 03, 2018, 02:44:19 PM
We have keep secure about bitcoin or altcoin wallet data for our self, but we have to give information to our family to know about how to access our account. Maybe some time we have go far away from home and have internet access we can ask our family to open and sell all our coin.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: cutecute on September 03, 2018, 02:47:55 PM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.





Yes your wallet keys and password should be known only by yourself because if someone knows it there is a chance that they will get it or hacked it and you will regret it if that happen.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Odlanyer on September 03, 2018, 02:53:09 PM
Yes, your wallet keys and passwords should be known only yourself, but to entrust people like your family you can give it to them incase of emergency like if you are not around it your house and there’s a problem that included money they get a money through your wallet just like that, and i have a trust to my family because they are my family no matter what happen we still a family.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: fosco333 on September 03, 2018, 03:42:42 PM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.



Very true. What you need to do is just make some backup of your wallet credential in a safe place like deposit box.
If you have much coins in your wallet, someday when you die, the coin balance will never move from the wallet, and making the circulation of the coin reduced.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: coinwizard_ on September 03, 2018, 03:46:42 PM
You need to think of something creative to pass the details on, along with instructions to cash out. Put everything in an encrypted memory stick and hide it with your will. You must have a shared password you can use so they can read the contents


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Google+ on September 03, 2018, 03:58:03 PM
yes you are correct the password that must be owned by your account and some other security must be able to give a note and you also have to be able to give it to your wife or family so they can still use your assets.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: CoinEraser on September 03, 2018, 03:58:10 PM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.

I've got provisions for a case like this. Should I suddenly die, special people from my life know how they can get my coins and maybe pay for my funeral with it. As long as I live, I have the sole control over the coins, but once I die, all information is deposited for my descendants. So I don't have to worry about that anymore and I know my coins will be in good hands after I die.  ;)


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: nguyenthao8x on September 03, 2018, 03:59:39 PM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.

I never thought about this until I saw your suggestions. This is very true when we are not alive. It will be a legacy that I can give them. Thank you!


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: BitNaija on September 03, 2018, 04:07:21 PM
Going by the spirit of your post, it is not just enough to give any of the keys to your family member. It amounts to nothing if they cannot on their own use it. So the best way is to teach your family member the nitty gritty of blockchain and bitcointalk.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Ezenwanyi on September 03, 2018, 04:09:20 PM
The answer is yes and no!

Yes. Your private key and password should be known to only you....this is to prevent your wallet from being hacked.

No. You should also consider sharing your private key and password to a  trusted close relation ....so that in the event of unforseen circumstances, your digital assets could be recovered.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: ptcntt-gold on September 03, 2018, 04:11:44 PM
I totally agree with this it is a right decision. I will not be able to leave my money neglected meaningless when I die. It must be used in a meaningful way such as caring for a loved one, or for charity.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Impulseboy on September 03, 2018, 04:42:21 PM
On the contrary, I think that we should keep our wallet keys and passwords to ourselves and ourselves alone. I agree that we should leave a trace for our family to find so they access our wallets when we are gone, however, I do not think it is wise to just let anyone know what our wallet keys and passwords are.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: pro army on September 03, 2018, 04:50:19 PM
I always save my wallet key  in safety place because it is the most important to all the crypto user.On the other hand we should teach our family member about wallet key and password. ;D ;D


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Austino1 on September 03, 2018, 05:04:47 PM
It is meant to be known by the user cos is a private stuff,just like bank debit card's pin etc but there should always be backup ,because one can forget his keys but if there's a backup there will be no worries


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: norachuks on September 03, 2018, 06:22:49 PM
Yes, your wallet keys and passwords should be known to you alone but I believe in life there must be someone to trust. So i think aleast one of your family member should know for the future.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: walemil on September 03, 2018, 08:20:35 PM
Thanks for your advice. I heard that cryptocurrencies, particularly bitcoin, of so many dead people are gone for ever. This can be quite painful, especially when the family members are suffering. The best thing to do is leave a way for your family to have access to your cryptocurrency. You have to do it right though.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Ike.daniel on September 03, 2018, 09:11:50 PM
It is risky to have anyone know the private key to your wallet as it can make you lose all your coins. So, I will advise you keep it to yourself beyond the sight of anyone.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: atorle on September 03, 2018, 09:14:14 PM
Everyone should always have a trusted partner or ward you could give value information or access to your assets should you unfortunately be unable to reach them. cryptoassets are not like the bank where your wards or next-of-kin will be able to get your money should you pass way, your private keys should be in a vault that your relations can access just in case


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Blackpanther399 on September 03, 2018, 09:45:29 PM
Of course, private key is very delicate as anyone that gets the control of the private key owns the coins in the wallet. This is why, private key should be owned by one person and it should be known to only one person to avoid theft


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: gentlemand on September 03, 2018, 09:50:09 PM
The people I'm related to are all loaded so I don't really give a shit if they have access to it after I'm gone. They might suddenly develop a crack addiction and drain me if they had details of my wallets so I'll take me chances.

Before I'm gone, say around 75 if I make it, I'll distribute whatever I feel like distributing. Anything left will be blown completely solely by me. Saves all that arguing about wills shit.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Qeupe on September 03, 2018, 11:26:02 PM
Yaa, you are right, sometimes I think about this because there are no eternal humans. Now I am young and have not thought far about death even though death can come at any time, but I will explain to my brothers about this and share whatever they want to know.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: gamechangers on September 04, 2018, 11:02:57 PM
It is a good thing to let your family members have a way of accessing your cryptocurrency wallet after you are no more. This is because it may remain unclaimed forever. This however must be carefully done because it can also lead to a huge loss if not done properly as some family members can take advantage of this.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: xWolfx on September 04, 2018, 11:54:51 PM
This is truth, however i would prefer people leave some kind of will or instructions to follow for them. Otherwise they would just panic sell in the next crash after they got them which would lead to a total waste.

I  believe this is a really important aspect to consider. For example, you could tell them that if something happens to you the coins are theirs and you decide how many coins for each, also leaving a minimum year for them to sell - Let's say 2028 for example.

That would not allow them to panic sell and waste a lot money in vain, if they listen to you or a lawyer firm is involved.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Barbarian on September 05, 2018, 01:31:53 AM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.


A possibility is to give your lawyer a letter explaining how to get the money back without revealing the private keys, that way your lawyer cannot steal your money but you will leave your family and loved ones a way to get that bitcoin, it's not perfect but is the first thing that comes to my mind.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: AfterHot542 on September 08, 2018, 07:10:12 PM
First of all we need to choose best wallets and also we need to make the pass word and privet key secure for our security and also always try to make it privet.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Labay on September 08, 2018, 07:28:50 PM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.



It is too common and of course you need to leave some letter about the info you have and not to tell them because if you tell them about this then of course they can get or way to view on how many money do you have.   The tendency was they rely on you, and this is not selfish because it is the way you prepare for future and causes by your hard work.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Taronet-division on September 08, 2018, 07:46:52 PM
I also think that what we have will not be brought later. but for now if I am no longer there in the near future it will not matter, because it is empty at this time. lmao
if I had enough coins to make the foundation, which accommodates abandoned children I would build it with people I believe have the same goal. that way I will give what is needed without exception


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: abhi777 on September 10, 2018, 02:42:11 AM
The answer is yes and no!

Yes. Your private key and password should be known to only you....this is to prevent your wallet from being hacked.

No. You should also consider sharing your private key and password to a  trusted close relation ....so that in the event of unforseen circumstances, your digital assets could be recovered.
there are two answers yes and no. the answer is yes, your password and account must be the one who knows it to be safe from hackers. No answer, you should also be able to share your password and account with the person you really trust to continue while you are still busy.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: bayu7adi on September 10, 2018, 04:39:46 AM
it's true, I always record all the assets that I have, and lock them in a closet
where in the closet, only one of my family members told me, namely Mother
then you can make sure all my family members can also access my secret cabinet, because it's easy to reach and I hold the key always


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: BLAST2MARS on September 10, 2018, 06:59:08 AM
I have all my access files on my laptop but I still did not tell them about crypto. I will just assume that any of my family member is smart enough to know how to use my files so they can use my funds that I left for them.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Olayinka225 on September 10, 2018, 07:25:39 AM
Yes it should be know to you and you alone but not a secret to your loved ones because nobody knows what might happen tomorrow that one might not be able to talk and write something down, such person children or family will be able to access the wallet or thr exchanger for some token or coins to sell for some cash.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: royalcrypt on September 10, 2018, 07:28:26 AM
Usually, most people register a nominee (one of their most trusted family member) with banks and other institutions who gain access to funds after their death. In the crypto world, we can also do the same by trusting someone with our secret keys etc..


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: ntodntodan69 on September 10, 2018, 07:31:12 AM
Of course, our wallets must be completely safe so there will be no theft, others may not know the password of our wallet, there are many applications that function as wallet safeguards, one of which we can use Google Authenticator!


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: hungsanh2512 on September 10, 2018, 07:53:00 AM
It is not difficult to find a trusted person in your family, but if you do not trust this technology, then it's pointless. So the best way is to do your job and keep things important. Phone passwords or our computer must also be kept in a safe place.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Boris_sahnevich on September 10, 2018, 08:16:24 AM
The main thing to think about this in advance and come up with a backup option for your relatives to know your keys and passwords. Do not delay everything at the last moment, because life is too unpredictable.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: airdrophunter on September 10, 2018, 11:20:54 AM
That's the only exception that you are going to take into consideration. At least you will entrust your keys to your family only for they can use your crypto assets if ever you're going to pass away. It's one of the greatest treasure you can give to them and at least you're happy seeing them benefiting through it.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: bitcoindusts on September 11, 2018, 01:45:12 AM
Thank you for the reminder. And this goes out to all of us. Right up to now, there is no full proof contingency plan for this.

A physical copy can always be lost, hardware wallets can always malfunction (and be lost too), keeping a digital copy on the cloud has its risk as well. Yet, one has to make a decision to entrust them somewhere somehow to someone in some ways. Hoping everyone figures out the most comfortable and reliable means to ensure that a trusted person can access our wallets should we cease to exist.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Scavagers on September 11, 2018, 02:19:52 AM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.


I share my private key to my mother. We both do cryptocurrency works and we both have our own wallets. I trust her because I am assured that she will not get money from me because she has a lot more money than me. I suggest that if you would share your private key to someone,make sure that you trust each other and I suggest that both of you must have your own wallets so that he/she can manage your wallet even if you are gone.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Bivonisenki on September 12, 2018, 07:50:54 AM
We all wanted to make our wallets safe but we also have this trusted people that we can authorized to have an access in our wallets. Maybe we cannot say it now but at least we must have leave s "last will - like letter"  that our family can read when the day comes. We are all saving for the future so I think this will be the best decision that we can do that what we have work on really hard can help out our family.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: burky156 on September 12, 2018, 07:56:18 AM
I keep my passphrase and 12 words passwords in my safety box at home, and also it has it's own pasword. Actually i memorised my 12 words passphrases first 8 words, i need to memorise 4 more words and that would be the safest place to save my password :) I wouldn't save it in banks or somewhere like that.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: ZeroBTC1 on September 12, 2018, 11:28:56 AM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.


This is a very stern warning to everyone of us. Do not labour in vain. Do not allow all your years of working in cryptocurrency and accumulating coins be wasted once you are dead. Try to leave a trace for your family to inherit your wealth.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: 42K on September 12, 2018, 11:38:15 AM
Looking at how wallets were made, they were made in such a way that only the person who created it has access to it as in the form of passwords. A situation which you think of sharing your logins is never something bad. You can share if you know you are too old and can leave this earth at any time. 


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: CrazeCoinz on September 12, 2018, 11:56:48 AM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.


You have a point on this topic as those holders are blinded to keep their private keys for themselves and forget to share it to their love-ones just in-case for emergency situation they can still access and transfer your bitcoin in the future. What's the point in making a long term investment if you did not share your private keys. I think we need also to orient our love-ones on how to deal crypto.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Malam90 on September 18, 2018, 12:31:38 PM
Bitcoin holders needs to be stored his password amd private keys in safe place. You can print it for save im the future.Trust is a key factor and you can share it to your family members.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Harlot on September 18, 2018, 12:40:22 PM
Leaving behind a last will and testament which a trusted lawyer has help you will be an enough solution for this problem. Because trusting your family with your own private key is a careless act as if a lot of people knows it outright while you are still living then the chances are of your private keys leaking will be high day by day. If you private key will be secret to your family until your death then I know something will be left behind to them once the last will and testament will be brought up by the law firm you have hired.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: CryptoAssasin on September 18, 2018, 12:50:56 PM
If I choose to entrust those crypto wealth of mine, I will definitely choose my wife. Actually, I already saved my private keys to a USB that I only used in my computer that I never connected to internet. I also right it down to a notebook where I and my wife put it in a safe box. Based on my experience, you should train that person you chose to entrust your crypto wealth first and familiarize them how it works.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: kimhospital on September 30, 2018, 04:12:44 AM
In the closet, only one person in my family told me where to put the key, more specifically, it was my mother. Then you can be sure that all my family members can also access my secret cabinets, because it's easy to access and I always hold the key. I would assume that any of my family members are smart enough to know how to use my files so they can use the money I have left for them.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Zadeket on November 13, 2018, 02:00:25 AM
I have all my access files on my laptop but I still did not tell them about crypto. I will just assume that any of my family member is smart enough to know how to use my files so they can use my funds that I left for them.
All of my bitcoin information is stored on my laptop with my family's knowledge, but all are given passwords, for security, I also store passwords on flash disks. The problem is I am worried that if my laptop is damaged and taken to a repair place, all contents in the laptop can be opened.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: haze_williams on November 13, 2018, 02:29:47 AM
That's solid point!  8) People die someday and just put damn Wallet Keys and Passwords in your will!!


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: nuraziaaziz on November 13, 2018, 05:29:18 AM
Yes definitely. It works the same way like ATM machine. If you want to access the card, you need the card and also your password in order to be able to withdraw and deposit the physical money. Basically any individuals who has the card and knows the password are able to access to it even though the card is not belong to them. Same goes to your wallets keys, it is best to keep it to yourselves for your own safety. If you are not careful enough, all your money will be gone.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Tduty on November 13, 2018, 06:14:13 AM
Yes, we should do that. Because nobody knows when something is going to happen that we might not be able to talk, walk, see or write. So I personally would leave a trace to my crypto asset to my younger brother that can help him get access to my wallets in case I am gone. Because I believe him a lot. 


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: nydiacaskey01 on November 13, 2018, 06:30:22 AM
My wife knows about my online activity specially where I store my crypto assets. She knows where I store my passwords in case of emergency but so far she never laid her eyes on it. She didnt even try to ask how she can get it. I was afraid of that as well that when time comes like emergency and I need to liquidate my crypto assets but I have no access, my wife needs to know how to do it.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Indai24 on November 13, 2018, 06:40:12 AM
My wife knows about my online activity specially where I store my crypto assets. She knows where I store my passwords in case of emergency but so far she never laid her eyes on it. She didnt even try to ask how she can get it. I was afraid of that as well that when time comes like emergency and I need to liquidate my crypto assets but I have no access, my wife needs to know how to do it.

In my side, I'm the only one who knows everything because I don't have someone to trust, good for you that you have your trusted wife. This is also advisable that someone whom you trust must also know your passwords just incase.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Shimmiry on November 13, 2018, 06:44:40 AM
Well of course that would be something to consider since you would have to have someone to leave your assets to in case something happens to you. Though not all family members should know your private keys and i don't think everyone would understand how that would work but at least your most trusted kin should have access to it.

Sort of true. We do not know what might happen next therefore we should be ready in all aspects. Do not easily trust, rather have someone who will be trusted the most. And also do not let them have the access realntome in which they can control it in an instant. Be smart enough.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: coinnumber on November 13, 2018, 08:29:01 PM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.


Well said many people has taking this notion of keeping private keys in a safe place to something else forgetting their family and love once, it will be a bad reputation having huge amount of coins online that worth billions of dollars and your family suffering when you are no more. So it good no only to tell the about your secret keys but also carry them alone because private key might be uses with knowing what to do with it.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: enogheghase123 on November 13, 2018, 09:16:25 PM
your point are well received, but trust is a very key element here. i am of the opinion that such information should be willed to ones family after ones demise, because you may loose your funds to a close family member who has details to your wallets, willing it will ensures anyone has access when and when you are gone.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Naughty Princess on November 13, 2018, 10:27:26 PM
Yes, we should do that. Because nobody knows when something is going to happen that we might not be able to talk, walk, see or write. So I personally would leave a trace to my crypto asset to my younger brother that can help him get access to my wallets in case I am gone. Because I believe him a lot. 
I agree. You can tell it to someone who you can trust because you are not sure how long you are going to live and can do the same thing. Wallet is like an asset which you can transfer on someone who can handle it on the future. My sister also do the same what I am doing and I let her know every transaction I did. There is nothing to worry when your family is the one who knows it.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Eildosa on November 13, 2018, 10:38:24 PM
I think, that can be done instruction on use wallet with all passwords and keys. This instruction can be hidden in a Bank cell and then after your death your family will be able to get it and use bitcoins.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Finestream on November 13, 2018, 10:38:46 PM
Yes, we should do that. Because nobody knows when something is going to happen that we might not be able to talk, walk, see or write. So I personally would leave a trace to my crypto asset to my younger brother that can help him get access to my wallets in case I am gone. Because I believe him a lot.  
I agree. You can tell it to someone who you can trust because you are not sure how long you are going to live and can do the same thing. Wallet is like an asset which you can transfer on someone who can handle it on the future. My sister also do the same what I am doing and I let her know every transaction I did. There is nothing to worry when your family is the one who knows it.
I can relate to that.My brother and i are doing the same thing too.He always inform me all the transactions he did and so did i.Trusting someone like having to share your private keys and passwords is really hard but considering the person you have shared is a part of your family,then security is still there.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: TheKeyLongThumbI on November 14, 2018, 12:13:18 AM
I agree but this will only work for those people that still have their family with them but not on those people who now lives  alone. I suggest for those people to find a partner so if they die, that person is worth it to be left with your asset and earnings instead of just letting it get locked in the cyberspace forever.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Bes19 on November 14, 2018, 12:27:04 AM
Yes right you are the only one who should know your own PK's and password BUT what if you die? Atleast if you're married and you trust enough your partner then tell everything to them. My husband knows my PK's and passwords in all the exchanges that i'm into just incase i die.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: drachman on November 14, 2018, 03:43:10 AM
This is something that can be quite difficult to balance, you do not want to give your information to anyone but at the same time you want your loved ones to have access to your coins in case something happens to you, that is something that I have been thinking about it for quite some time and yet I have not found a solution to it that is satisfactory for me.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: mornabo on November 14, 2018, 04:13:23 AM
My wife knows about my online activity specially where I store my crypto assets. She knows where I store my passwords in case of emergency but so far she never laid her eyes on it. She didnt even try to ask how she can get it. I was afraid of that as well that when time comes like emergency and I need to liquidate my crypto assets but I have no access, my wife needs to know how to do it.
Thats what Im thingking right now, when emergencies like death or other conditions where we can't open it, and we need that money, if only you know the password, of course it will make you trouble. tell trusted people near you where you keep the password it will be better when an emergency comes


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Cherylstar86 on November 14, 2018, 07:30:15 AM
My wife knows about my online activity specially where I store my crypto assets. She knows where I store my passwords in case of emergency but so far she never laid her eyes on it. She didnt even try to ask how she can get it. I was afraid of that as well that when time comes like emergency and I need to liquidate my crypto assets but I have no access, my wife needs to know how to do it.
Thats what Im thingking right now, when emergencies like death or other conditions where we can't open it, and we need that money, if only you know the password, of course it will make you trouble. tell trusted people near you where you keep the password it will be better when an emergency comes
Security has to be of topmost priority when speaking of wallet keys and password. Trust no one but only yourself. Store it in a safe place, a backup of your wallet can protect you against computer failures and many human mistakes.
Bitcoin can provide very high levels of security if used correctly and responsibly. It's very impressed to adopt good practices in order to protect your money.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: KotiKo on November 16, 2018, 02:13:07 PM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.


You're right. But this information, I believe, can be told only to one person from a family. It is probably advisable to tell this to your parents, because, unfortunately, it happens that families are destroyed, and your husband or wife can leave you at any time, knowing your secret passwords. :-\


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Lorin on December 14, 2018, 10:18:17 AM
Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.

The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.

Remember your family and loved ones.

You have a very strong and uneasy decision to make today.



Death, where everyone goes in the end.
If you really trust the person, you can can let them know  your key instead there something happened to you. We all know that it is important to keep secret your private key so its better to give it to your trusted family member  that will protect it  once   there something happened to you and also that person know crypto and how to use it.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: BITKEY-APP on December 14, 2018, 10:39:53 AM
Recommend BitKey wallet.

BitKey uses a password and some security question to encrypt wallet data.
The password hint and security question will give the family member a good hint to decrypt wallet.

Besides the above design,  BitKey supports multisig-timelock address which is perfect to storage Bitcoins without worry about lost and stolen.

APP:
https://itunes.apple.com/us/app/bitkey-bitcoin-wallet/id898643317?mt=8

TimeLock-Multisig Address
https://medium.com/bitkey-blog/bitkey-s-multisig-timelock-address-22ff41c1b017?source=collection_home---6------0---------------------


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: mitchr4 on December 14, 2018, 11:43:32 AM
I do not feel safe to leave a private key of my wallet to anyone, I don't believe what if he can't keep it a secret too? of course I won't give that. When it's time for us to leave the world, of course we will bring nothing, including money, to try to give up everything.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: muslol67 on December 14, 2018, 11:52:06 AM
I have watched a movie long time ago. And there is a sentence came to my mind now. It is not a secret what known by more one people. So yes it is sad but if you share with someone your PK, it is not secure anymore. Including family member. It can be dangerous to share it.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: leexhin on December 14, 2018, 12:10:10 PM
Well at least make a note and hide it somewhere just in case something happen to you they could use your crypto,
It is better to have some one who you could trust tell your wife/husband about your password.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: ngano ba on December 14, 2018, 01:41:22 PM
Well at least make a note and hide it somewhere just in case something happen to you they could use your crypto,
It is better to have some one who you could trust tell your wife/husband about your password.
That will be a good suggestioms if ever you are married ,you can trust wife and share at least the key to your wallet and passwords for for your bitcoin account and your wallet that ,if ever emergency you may encounter in tge future at least it will not a waste if your investnent and all your efforts.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Romeotom on December 14, 2018, 01:46:43 PM
Yes , definitely you need save carefully your key and password.but if want to share any trust person i mean (father,mother)then can do it.but don't give us another false person.then your fund will gone anytime.mind it and never forget it, This is the crypto Market so not a bank fund.


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Umaga. G on December 14, 2018, 01:51:51 PM

Exactly. I agree with you. Your wallet keys should be known to you alone because you don't know who your enemy is. Just be careful of people you trust and keep your password and wallet safe from hackers and theft cases


Title: Re: Your Wallet Keys and Passwords should be known to you and you alone. Yes! But...
Post by: Rkss4 on December 14, 2018, 04:14:10 PM
My wallet key and private key is only for me but not anyone. Because private key and password is very important. If it hacked, you must lost everything.