Tell Someone You Trust About Your Wallet Seed Phrase.

[promise444c5]

Letting them know that you're into crypto seems okay than telling them your seed phrase, you can educate them about the whole crypto space and how it works  but seed phrase is meant to be a secret thing... it just like your bank password, have you ever seen someone telling his brothers and likes about their bank password and pins?? No but  everyone can know that you are using a type of bank(though its somehow different because some extra security could be place on such account, more likely in a way an exchange wallet operates as you can add extra layer of security but when it comes to a decentralized wallet and you are only provide with seed phrase  then all you can do to add an extra security  is wallet encryption, extension of seed phrase[not all wallet does that] ) . Thus, the whole idea is to keep your wallet seed secretive as possible, you could employ other methods to reach out to your funds (that's being explained already) which can be shared.... apart from that only educate and not tell them what's only meant for you.

[Mate2237]

Though it is just a personal decision to make whether to tell someone or not but we have to know that nobody knows tomorrow. Everyone is afraid of the family members scamming you or deceiving you. And that is why I said trusted person. But if you don't want to tell anyone of your seed phrase, no problem but all know how life is.

My assertion here be say if something happens and probably you are unable to login to your wallet and you need money to pay some bills but you can't at the moment, why will you do? This is a very simple thinking and analogy which can be solved without stressed.

[Coyster]

My assertion here be say if something happens and probably you are unable to login to your wallet and you need money to pay some bills but you can't at the moment, why will you do? This is a very simple thinking and analogy which can be solved without stressed.

I no come understand this your question and how e take relate to the advice wey you give for OP. Wetin go happen wey you no go fit spend from your wallet, if you forgot the password, na to use the seed phrase recover the wallet na. Having said that, e no even good to keep all your money for bitcoin, in case of emergency, you suppose get funds for naira, na that funds you go use take dey sort bills and make some kind payments.

[Tungbulu]

Anyhow e be,its still good to still share either your bank details

You don't have to share your bank details with anybody, you can always walk into the bank anytime and put the name and contact of the person you want to inherit your funds in the bank upon your death, thus the person will be able to claim the money after you are gone. That is why the banking/traditional system is different from the bitcoin industry, the former is centralized, whilst the latter is a decentralized system.

Wetin you talk na true, but make you no forget say na Naija we dey, and the way other countries dey run their matters no dey be the same with our own. With wetin my eyes don see for next of kin and bank wahala, omo me I go prefer to just share my details to that one person I trust for easy accessibility. I remember when my papa die and as him next of kin, I go him bank to go claim the money wey dey inside. Chairman If you see the criteria this people give me, you self go ask whether Na my papa money I go collect abi na thief I go thief the money. E remain small make these people tell me make I go take selfie with my papa d€@d body carry come for verification. Wetin my eye see for the waka make me conclude say e better to just give person wey I trust my bank details make them for no go suffer the same thing. Las las before the funds come out, I gats split the funds with the branch manager, him collect percentage for inside my papa money, I no get choice because I no fit meet their requirements and criteria to fit access the money.

[Mpamaegbu]

If anything like death happen to a Bitcoin hodler and nobody know im seed phrase all im coins don become donation wey nobody go fit to claim.

Na we Africans dey think like dis oh and dat na because of d ravaging level of poverty for d continent wey dey back owa brain. I nor sure sey those wey dey for advanced continents dey reason dis matta like we dey do. Shebi na for wan thread like dat today wey I read about how Warren Buffet and Michael Saylor dey talk about how dem go take give out their wealth to unknown people.

For my own side, e good to let someone get idea sey you dey into Bitcoin but dat nor mean sey you go hand dem your seedphrase or stuff like dat. Just write dem down and keep safe. If anything happen, those wey dey close to you go search your stuff and dem go see am.

E no de necessary say who you tell about your seed phrase go know di amount of Bitcoin wey you get.

Nothing is hidden like dat for Blockchain. Anybody wey get ur seedphrase fit still enter am for app take find wetin dey there. Persin fit even use your public wallet address track wetin dat wallet worth through onchain analysis.

[Mate2237]

If anything like death happen to a Bitcoin hodler and nobody know im seed phrase all im coins don become donation wey nobody go fit to claim.

Na we Africans dey think like dis oh and dat na because of d ravaging level of poverty for d continent wey dey back owa brain. I nor sure sey those wey dey for advanced continents dey reason dis matta like we dey do. Shebi na for wan thread like dat today wey I read about how Warren Buffet and Michael Saylor dey talk about how dem go take give out their wealth to unknown people.

For my own side, e good to let someone get idea sey you dey into Bitcoin but dat nor mean sey you go hand dem your seedphrase or stuff like dat. Just write dem down and keep safe. If anything happen, those wey dey close to you go search your stuff and dem go see am.

E no de necessary say who you tell about your seed phrase go know di amount of Bitcoin wey you get.

Nothing is hidden like dat for Blockchain. Anybody wey get ur seedphrase fit still enter am for app take find wetin dey there. Persin fit even use your public wallet address track wetin dat wallet worth through onchain analysis.

Those oyinbo them dey will their assets to their next of kin and other family members. We Africans we don't do all those next of kin things and willing properties to family members and when the person died, the family members would set out a date to share the properties to everyone in the family and the community at large. Though few family members will their assets and landed properties to children, wives and family members to avoid quarrel.

You can't compare White people way of life to Africans lifestyle. And this imitation is the one making us to suffer because our personal resources can't maintain the lifestyle with those white people. Our wages are very small to main those in the advance countries. In the will everything is there plus the seed phrase. Do you have a will? No. So you have to use the alternative way.

[Mayor of ogba]

What if you don't die and the person you gave your seed phrase to ends up selling your bitcoin without your knowledge? What will be your fate? One thing you must know in this world is that it's hard to find someone you can trust, and even though you have someone to trust, change is constant, and the person can change at any time and decide to move your bitcoin to another wallet where you will not have access to it. The best thing to do in this case is to tell any of your family members the location where you kept your seed phrase so that the person will not be able to access your seed phrase unless you are dead, which will make the person not be tempted to sell your bitcoin or to move it to another wallet.

[Mpamaegbu]

What if you don't die and the person you gave your seed phrase to ends up selling your bitcoin without your knowledge? What will be your fate?

Na here d problem dey. E go be like Netflix for persin eye when dat happen and na why I nor support dat at all at all. Instead, give dem d idea sey you dey into Bitcoin. Of course, anybody wey dey into Bitcoin must get some small small secret writings wey e keep somewhere. At d person's demise, search any paper you can find for im house. Something must dey. E nor get how you go wash an old woman wrapper wey you nor go find droplets of shit if you look closely.

[rachael9385]

If anything like death happen to a Bitcoin hodler and nobody know im seed phrase all im coins don become donation wey nobody go fit to claim.

Na we Africans dey think like dis oh and dat na because of d ravaging level of poverty for d continent wey dey back owa brain. I nor sure sey those wey dey for advanced continents dey reason dis matta like we dey do. Shebi na for wan thread like dat today wey I read about how Warren Buffet and Michael Saylor dey talk about how dem go take give out their wealth to unknown people.

For my own side, e good to let someone get idea sey you dey into Bitcoin but dat nor mean sey you go hand dem your seedphrase or stuff like dat. Just write dem down and keep safe. If anything happen, those wey dey close to you go search your stuff and dem go see am.

E no de necessary say who you tell about your seed phrase go know di amount of Bitcoin wey you get.

Nothing is hidden like dat for Blockchain. Anybody wey get ur seedphrase fit still enter am for app take find wetin dey there. Persin fit even use your public wallet address track wetin dat wallet worth through onchain analysis.

Those oyinbo them dey will their assets to their next of kin and other family members. We Africans we don't do all those next of kin things and willing properties to family members and when the person died, the family members would set out a date to share the properties to everyone in the family and the community at large. Though few family members will their assets and landed properties to children, wives and family members to avoid quarrel.

I no actually agree with this because many wealthy persons know those way them love and them no go like make that person suffer if them finally die one day. So, as the person they alive notice say em done dey old well, the first thing to do nah to write em will give em family lawyer/s, or share em properties when em dey alive so that when em die wahala no go dey between em own family members (children ). And share of properties no be watin them dey do codedly, you gets call all your family members together and other witnesses so that one person no go talk say pasha dey anywhere.

[Mate2237]

What if you don't die and the person you gave your seed phrase to ends up selling your bitcoin without your knowledge? What will be your fate?

Na here d problem dey. E go be like Netflix for persin eye when dat happen and na why I nor support dat at all at all. Instead, give dem d idea sey you dey into Bitcoin. Of course, anybody wey dey into Bitcoin must get some small small secret writings wey e keep somewhere. At d person's demise, search any paper you can find for im house. Something must dey. E nor get how you go wash an old woman wrapper wey you nor go find droplets of shit if you look closely.

Then that person no trusted person. If you read the Op, it is specified that you should give it to trusted person and not a family member that is not trusted. This does not need too much argument and if you look at it..you will not need someone to explain much for you to understand. rachael9385 if you comprehend my assertion, you would understand that all what you said is just like copied work from my previous comment. I clearly stated that oyinbo people dey do will to avoid conflict among family members and in the will everything e dey inside. But in Africa we don't but those who have money also will their assets to their submissive members in the family.

I will want most people to still understand one thing in the thread because many are misquoting the whole thing. Op said it is to TRUSTED members in your family and if you don't have a trusted person then you can keep your seed phrase to yourself and if you die, you go with your seed phrase no argument for that again case close.

[Mayor of ogba]

What if you don't die and the person you gave your seed phrase to ends up selling your bitcoin without your knowledge? What will be your fate?

Na here d problem dey. E go be like Netflix for persin eye when dat happen and na why I nor support dat at all at all. Instead, give dem d idea sey you dey into Bitcoin. Of course, anybody wey dey into Bitcoin must get some small small secret writings wey e keep somewhere. At d person's demise, search any paper you can find for im house. Something must dey. E nor get how you go wash an old woman wrapper wey you nor go find droplets of shit if you look closely.

Then that person no trusted person. If you read the Op, it is specified that you should give it to trusted person and not a family member that is not trusted. This does not need too much argument and if you look at it..you will not need someone to explain much for you to understand. rachael9385 if you comprehend my assertion, you would understand that all what you said is just like copied work from my previous comment. I clearly stated that oyinbo people dey do will to avoid conflict among family members and in the will everything e dey inside. But in Africa we don't but those who have money also will their assets to their submissive members in the family.

I will want most people to still understand one thing in the thread because many are misquoting the whole thing. Op said it is to TRUSTED members in your family and if you don't have a trusted person then you can keep your seed phrase to yourself and if you die, you go with your seed phrase no argument for that again case close.

They understand what the OP said in his post, but what is making some people quote the OP wrong is that they are not comfortable with the advice of the OP. Because they know how dangerous it is to allow someone to have access to their bitcoin, even though the person is someone they can trust in their families. Life itself is unpredictable. The trusted person in your family you will tell about your bitcoin wallet seed phrase can turn bad against you one day and decide to sell your bitcoin cheaply because he just wants to see you fall or life could be stuff for him, and he can decide to sell your bitcoin and travel abroad that you will not find him, or he can say that he will send you back the worth of your bitcoin in fiat at the time he sells it when he starts making money abroad. On second thought, it is not even good for someone to know what your wallet seed phrase is so that only you can have access to your bitcoin and have rest of mind that nobody will temper your bitcoin unless you misplace your seed phrase, and someone who knows what it is gets hold of it. If someone who is accumulating bitcoin could not tell his family members about his wallet seed phrase before he died, I think his family should accept it and move on if they can't access his bitcoin.

[Mate2237]

They understand what the OP said in his post, but what is making some people quote the OP wrong is that they are not comfortable with the advice of the OP. Because they know how dangerous it is to allow someone to have access to their bitcoin, even though the person is someone they can trust in their families. Life itself is unpredictable. The trusted person in your family you will tell about your bitcoin wallet seed phrase can turn bad against you one day and decide to sell your bitcoin cheaply because he just wants to see you fall or life could be stuff for him, and he can decide to sell your bitcoin and travel abroad that you will not find him, or he can say that he will send you back the worth of your bitcoin in fiat at the time he sells it when he starts making money abroad. On second thought, it is not even good for someone to know what your wallet seed phrase is so that only you can have access to your bitcoin and have rest of mind that nobody will temper your bitcoin unless you misplace your seed phrase, and someone who knows what it is gets hold of it. If someone who is accumulating bitcoin could not tell his family members about his wallet seed phrase before he died, I think his family should accept it and move on if they can't access his bitcoin.

I don't know if you too understand di content. It is stated clearly that it is for a trusted family members and not anyhow person. If you don't have a trusted person in your family then you keep the seed phrase to yourself and if you know then that why I am saying. Okay let me remove bitcoin from the discussion for more understanding. Won't you give you properties to someone before passing out from this world? And whom do you think will acquire your possession ls when you are not more in the earth. As I said nobody will like to die from this world but we must go one day when the time comes so for you to be scared to give someone your key to a trusted person is your decision but it will be bad when you have children and none knows your keys until you passed away and you have millions in the wallet.

As for me I trust some of my friends and family members. Even the person that introduced me to this forum, I trust the person and I can show the person my seed phrase. If I see someone that is not trustworthy I will definitely know him even though I have not deal with the person financially. There are some people in this our local board, only their posting style indicate that they are not trustworthy.. Mayor of ogba in your family you don't have anyone to be trusted? If you have then what are afraid again? That what I am saying. It is very simple.

[rachael9385]

What if you don't die and the person you gave your seed phrase to ends up selling your bitcoin without your knowledge? What will be your fate?

Na here d problem dey. E go be like Netflix for persin eye when dat happen and na why I nor support dat at all at all. Instead, give dem d idea sey you dey into Bitcoin. Of course, anybody wey dey into Bitcoin must get some small small secret writings wey e keep somewhere. At d person's demise, search any paper you can find for im house. Something must dey. E nor get how you go wash an old woman wrapper wey you nor go find droplets of shit if you look closely.

Then that person no trusted person. If you read the Op, it is specified that you should give it to trusted person and not a family member that is not trusted. This does not need too much argument and if you look at it..you will not need someone to explain much for you to understand. rachael9385 if you comprehend my assertion, you would understand that all what you said is just like copied work from my previous comment. I clearly stated that oyinbo people dey do will to avoid conflict among family members and in the will everything e dey inside. But in Africa we don't but those who have money also will their assets to their submissive members in the family.

I will want most people to still understand one thing in the thread because many are misquoting the whole thing. Op said it is to TRUSTED members in your family and if you don't have a trusted person then you can keep your seed phrase to yourself and if you die, you go with your seed phrase no argument for that again case close.

They understand what the OP said in his post, but what is making some people quote the OP wrong is that they are not comfortable with the advice of the OP. Because they know how dangerous it is to allow someone to have access to their bitcoin, even though the person is someone they can trust in their families. Life itself is unpredictable..

Well, from watin I understand about most of the comments for this post nah say some people just talk according to the way there own relatives dey. No be every relatives you get nai you go trust, but this life we dey so, we need to trust someone with about 50%. I put 50% because no be everything nai you go take as most times if person observe say you trust am with even with half of your mind one day em go do watin you no go like because of either em selfish desires.
The other thing be say, as long as say you done dey old you need to make amends, because nah that point you need to find somebody share your important things give, if baba God call you, you no go get the chance to tell person were you keep your seed phrase.

[Mate2237]

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Make una check di comment below and if possible click the link to the main thread wey im make di comment. Me I know say many of us wey dey never really understand di crypto matter and na people mouths we just dey follow dey talk. bitmover na someone wey understand bitcoin and Cryptocurrency at large nai tok dis one. Oya all those people wey dey argue and disagree here go disagree with am.

I simple shared my seed with a trusted family member

Cryptocurrency e no dey like Bank we people go Walker till your lost money go fit come back again but in cryptocurrency na decentralised system so nobody go know how to do anything if you die. So na so your money go enter voicemail. Dis one na one of the best advice thread in dis year.