Bitcoin Forum

Any ideas of best and most effective ways to inheritance btc and crypto ?

Just to get the question rightly, did you mean you are looking for ways to securely save your seed phrase or private key in a way no matter what will happen, it will be passed on to hires in a way they will be able to recover the bitcoin stored for them using the seed phrase or the private key for recovery?

Or to make it simpler. Did you mean, if you buy Bitcoin today for example, ways you should follow in a way your hires will be able to inherit your bitcoin if anything unexpectedly happened? So that the bitcoin will not be lost.

if what Charles-Tim is what you meant there are several threads already discussed the topic and all of them have a great suggestion of ways of saving your seed and private key. other than what other's might suggest in this thread I suggest reading through the previous threads that discussed this you might find the way that best suit you or your circumstances.

How bitcoin inheritance can be achieved. (https://bitcointalk.org/index.php?topic=5106560.0)
Bitcoin Inheritance Planning (https://bitcointalk.org/index.php?topic=5097720.0)
Leaving Bitcoin as inheritance (https://bitcointalk.org/index.php?topic=5245183.0)
I might have missed some threads but you can always use "bitcoin" and "inheritance" as a keyword to search around google.

dont get yourself confused with bitcoin and cryptocurrency. no different between the 2 because bitcoin is cryptocurrency. Blockchain can be different but it is not an asset in any way when it is not cryptocurrency.

Bitcoin is not the same as cryptocurrency, bitcoin is a cryptocurrency but not all cryptocurrencies are bitcoin, there are thousands of cryptocurrencies existing while bitcoin is referred to as bitcoin while the rest are referred to as altcoins because the marketcap of bitcoin is still greater than all the marketcap of all altcoins. That is why bitcoin needs to be regarded separately, while others should be called altcoins in my opinion.

I guess you mean what is the best and efficient way to "earn" bitcoin and cryptocurrencies, right? Do you have any skills or experience that you can sell? If you can, then open  a thread over here and sell whatever skills you have. Accept payment in bitcoin or other well known crypto currencies (don't accept shitcoins). This way, you will be earning coins without having to spend money to buy them.
Or you could invest on bitcoin every month from your savings. If you keep on holding it for long term, you will likely make some sweet profits.
If you really meant "inheritance", maybe take the privates keys...? Idk, have a look at what others are saying.

He meant the best way someone's family can inherit bitcoin after the person's death.

You do talk about inheritance of btc or crypto holding? Then we do have several old threads about that.
https://bitcointalk.org/index.php?topic=5194028.0
https://bitcointalk.org/index.php?topic=5097720.0
https://bitcointalk.org/index.php?topic=5106560.0
https://bitcointalk.org/index.php?topic=5245183.0

There are two approaches:

1) To give the private keys to the people you trust, but they could use the funds before your decease.

2) Use a service with a multi-signature wallet, but the problem is that you own only one of three keys and the other two parties could transfer the funds in cases like a court order.

There are many ways that can be done to give a bitcoian or crypto legacy to others when we are dead. It has also been mentioned by several people who commented above.
One of them is the simplest way, which is to give phrases to trusted people.
But how much BTC are you going to pass on to the people closest to you? if you do have a large amount, it must be done and arranged properly so that it is not opened by other people who are not heirs. Hiring a lawyer to do the job would be better off or keeping the documents in the form of a pharse in a bank safe and only the heirs could open them. so many ways that can be done.

Third approach:

3) Hire a law firm to perform activities after death, such as triggering a smart contract to send funds to your heirs.

Fourth Approach:

4) Keep it in a storage facility or some sort of services that will only be accessed when a certain conditions for the heirs are met.

Hiring a law firm is a good approach. Everything is known by the law firm and the user himself. Once after the death of the law firm states no information is shared with us. What'll happen by the time?

If you mean like the last will, I think you need to educate your family first on how Bitcoin works for them to recover some of your funds in Bitcoin or other cryptocurrency. It is important for them to know the basics. What you are thinking is for me the best thing to do most especially if you have some crypto on your wallet for it to not get wasted or lost when we pass away.

Just give them the private keys.

There are a lot of trustworthy people where you could leave a key of a container or a safe that contained certain things like your private key or storage where you put all of your cryptocurrencies. As far as I know, there are banks like that where you could put some of your things and if you die, that account will be passed to someone whom you wanted to.

Keep your coins in one or two "ledger nano s". Two is better because you make sure the seed words are correct and everything is safe if you need to recover from the 24 seed words.

Then, keep your "ledger nano s" pin number inside a document holder inside your clothes all the time, telling your family that they may access the pin number when you die.
Since you will have two "ledger nano s", your family can keep one of them in a very safe place. And also don't write the correct pin. Tell your family, they have for instance to add +7 to each digit of the pin number. Or write your pin number with letters and tell your family the numbers corresponding to each letter. Something like that so that no stranger can use your pin number when you die.

While you are alive only your family should know that you have a pin number hidden inside your clothes. You could even make it a tattoo in a place you never show. But make sure the pin is in reverse order or needs some tricky change to become correct.

-remotemass

An important step to take in securing your crypto, to make your potential heirs aware of your portfolio. It is useful for your heirs to understand the basics of selling through bitcoin brokers, wallets and devices, so it is a good idea to inform them about the basics of crypto and the surrounding technology, regardless of how far you think your death is, it has a habit of catching you surprise.

A few crypto exchanges have taken on the fact that many families are trying to access the crypto portfolio of the deceased and are unable to do so for security reasons. Your portfolio can now be accessible, providing that they have evidence of a death certificate and their will, so make sure you are clear about leaving your bitcoin in your will.

Do you mean Bitcoin and other cryptocurrencies in the market?

You should enlighten us more about the things that you want to understand next time.

So inheritance of bitcoin is not that easy and it encourage an investor to have an open-mind and willingness in order to make your investment profitable. It is not that easy to invest on cryptocurrencies because there are a lot of existing shitcoins which are left behind and end up being a scam so you need to become aware about that.

Passing bitcoin's knowledge is already an advantage in the next generation or in the future because sooner or later, cryptocurrencies will become much more popular.

You could just put it in a safe and keep the key or the password for yourself then add it in your last will testament. If you don't like that just tell that family member to open or go to a certain place in your house and take what is inside when you died, there are a lot of ways to do that and I don't think that would be a problem as long as you ready for it.

The word "inheritance" is quite confusing with your question and you didn't write in detail.
I am assuming you are talking about how your bitcoins or other cryptocurrencies could consume your next generation in case something happens to you. Or how can you consume bitcoins or other cryptocurrency left by your previous generation? If I am right then I have done something for that. I have a dairy where have written my all account credentials including wallets and exchanges as well. That means all of the funds are recoverable if in case happen something to me. Also, I wrote a note about who could help to recover my funds including phone numbers. I believe that's enough to consume my funds for my next generations.

Much replies and questions asked already as to understanding the topic of discussion and yet, OP isn't here to clarify the community of what he or she actually meant. Too bad as, it seems to look like OP doesn't really care about the thread or replies given and this isn't a character what developing.
I think the difficulty in understanding is ineffective translation as the same issue of clarification is observed in some other threads and replies from OP on them.

From my own understanding, I think OP is hoping to inherit some BTC or crypto asset, an asset OP claims he or she doesn't want I dont wamt btc amd crypto (https://bitcointalk.org/index.php?topic=5310767.0). So, who is fooling who?
You can't inherit what you don't have or give out what you don't have as well.