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Author Topic: What happens to your tokens when you're gone one day?  (Read 798 times)
Mpamaegbu
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February 18, 2019, 05:49:44 PM
 #121

Just recently, a news showed how one crypto whale died with his cryptocurrencies worth millions of dollar. No member of the family had access to his private keys and other login details. Are you ready to face the same fate and leave your children or family without having access to your hard earned cryptocurrencies some day to come? Showing your wallet login details to them now can also be risky so what are some of the preparations you are making towards the retrieval of your money when you are gone for life one day?
It really wasn't a whale. The dead man was the CEO of an exchange. Si, it was a collection of clients cryptocurrencies his exchange was holding. It's sad though. That said.

For me, I think the best way to safeguard against such is to write out one's details and tuck them somewhere safe with someone close (one without crypto interest) knowing about it. It could also do well to leave a Will behind on how to locate that diary in case of one's demise.

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