Inheriting Bitcoin

[squatter]

that's why it's good to have back-ups stored in multiple physical locations. if everything is stored in your house, your house becomes a single point of failure.

Give me an example of multiple points? You do mean about different locations outside the house or location in terms of places?It do had advantages though but same goes with disadvantages since you cant monitor it out anytime if those back-ups is still intact or already lost or found by someone.

Deep cold storage should be protected by strong encryption, so that shouldn't be an urgent concern.

My mother lives on the other side of the country -- she stores an encrypted wallet of mine in her house. Nobody can access it, and if it somehow gets lost or destroyed, she'll tell me. I don't feel like paying for a safety deposit box and I don't own any other property, so this seems like a happy medium.

[1715093091]

1715093091

[1715093091]

1715093091

[1715093091]

1715093091

[carlfebz2]

that's why it's good to have back-ups stored in multiple physical locations. if everything is stored in your house, your house becomes a single point of failure.

Give me an example of multiple points? You do mean about different locations outside the house or location in terms of places?It do had advantages though but same goes with disadvantages since you cant monitor it out anytime if those back-ups is still intact or already lost or found by someone.

Deep cold storage should be protected by strong encryption, so that shouldn't be an urgent concern.

My mother lives on the other side of the country -- she stores an encrypted wallet of mine in her house. Nobody can access it, and if it somehow gets lost or destroyed, she'll tell me. I don't feel like paying for a safety deposit box and I don't own any other property, so this seems like a happy medium.

Well you do have a sold point which is definitely right where someone cant able to access it as long its encrypted.So far i do have 4-5 usb having all the important informations but it isnt encrypted. Yeah i know its a very solid mistake of mine since i got too confident since those sticks are just being hidden withing my vicinity.I do trust up my family members too but its much more better if they're encrypted- Its time to get those usb back before its too late. 

[squatter]

Deep cold storage should be protected by strong encryption, so that shouldn't be an urgent concern.

My mother lives on the other side of the country -- she stores an encrypted wallet of mine in her house. Nobody can access it, and if it somehow gets lost or destroyed, she'll tell me. I don't feel like paying for a safety deposit box and I don't own any other property, so this seems like a happy medium.

Well you do have a sold point which is definitely right where someone cant able to access it as long its encrypted.So far i do have 4-5 usb having all the important informations but it isnt encrypted. Yeah i know its a very solid mistake of mine since i got too confident since those sticks are just being hidden withing my vicinity.I do trust up my family members too but its much more better if they're encrypted- Its time to get those usb back before its too late. 

It's a great extra layer of security. Just remember that encryption can also lock you out if you're not careful. Consider using a password manager like KeePass (if you don't already) to prevent that from happening.

[coin-investor]

While I was browsing the latest Bitcoin news to search for an update positive and negative once then I stumble upon this article that insists that you can now pass on your Bitcoin when you die when you used their service,

And this is Casa's Bitcoin inheriting Service that I think will surely be helpful in the future when you passed away (knock on the hood) and your family and relative doesn't know a thing about cryptocurrency and your Pass Phrase as well, Well I think there is a risk involved in this kind of service your relatives can sure recover your Private key but it can be also an exploit to be stolen as well, but they had promised a multi-sig system that can make the inheritance safer what do you guys think?

https://cryptoslate.com/you-can-now-pass-on-crypto-with-casas-new-bitcoin-inheritance-service/

It's good to have a service like this, but I prefer to create a video and a vault where it houses all my private keys from USB, a video explainer that will explain everything about all the coins I'm holding, how to transact trade and open the wallet, your family will be holding a coin it's just right that they know how it works.
It's even better that you teach your family how Cryptocurrency works so when the times comes to inherit all your coins, they know what to do.

[coinfinger]

Passing bitcoin on to our heirs should not be a problem because bitcoin is an asset, and the only difference between it and the regular asset is that bitcoin is a digital asset while others are physical asset, but all are assets that should be documented in our will in the event that we pass on.

Since bitcoin involves the storing of it in a wallet, we should learn to either make use of a hardware wallet which we can save in the safe box in our bank or store it along with the will document that we submit, the only risk with that one is that the lawyer may actually compromise because in my country, I have seen situations where the lawyer actually compromised and then turn the will to favor him rather than favoring the family of the deceased person and having access to the wallet key would not be a difficult thing.

[smyslov]

While I was browsing the latest Bitcoin news to search for an update positive and negative once then I stumble upon this article that insists that you can now pass on your Bitcoin when you die when you used their service,

And this is Casa's Bitcoin inheriting Service that I think will surely be helpful in the future when you passed away (knock on the hood) and your family and relative doesn't know a thing about cryptocurrency and your Pass Phrase as well, Well I think there is a risk involved in this kind of service your relatives can sure recover your Private key but it can be also an exploit to be stolen as well, but they had promised a multi-sig system that can make the inheritance safer what do you guys think?

https://cryptoslate.com/you-can-now-pass-on-crypto-with-casas-new-bitcoin-inheritance-service/

This applies to holders whose family are far or living overseas, or for holders who's heirs are still young to fully understand how blockchain and Bitcoin works, but in case I prefer to do it manually by teaching my family to understand how it works and to give them all my seeds and private key, so they will be the one to manage all my coins, I will just include the will that they can access the private to a vault where I kept everything.

[milewilda]

While I was browsing the latest Bitcoin news to search for an update positive and negative once then I stumble upon this article that insists that you can now pass on your Bitcoin when you die when you used their service,

And this is Casa's Bitcoin inheriting Service that I think will surely be helpful in the future when you passed away (knock on the hood) and your family and relative doesn't know a thing about cryptocurrency and your Pass Phrase as well, Well I think there is a risk involved in this kind of service your relatives can sure recover your Private key but it can be also an exploit to be stolen as well, but they had promised a multi-sig system that can make the inheritance safer what do you guys think?

https://cryptoslate.com/you-can-now-pass-on-crypto-with-casas-new-bitcoin-inheritance-service/

It's good to have a service like this, but I prefer to create a video and a vault where it houses all my private keys from USB, a video explainer that will explain everything about all the coins I'm holding, how to transact trade and open the wallet, your family will be holding a coin it's just right that they know how it works.
It's even better that you teach your family how Cryptocurrency works so when the times comes to inherit all your coins, they know what to do.

Creating a video is somewhat a very wise option to be done rather than entrusting some wills which would involved some lawyers that might able to know those sensitive infos.
Explaining everything on a single video would already be enough in case you would die to this world.You would really be sure that those assets would be benefited to those love ones you had left.It isnt really that hard to understand or doesnt really require technical knowledge on opening up a wallet.A simple understanding and set of instructions would already be enough.

[usingbitcoin]

I have been using their service and I haven't had any problems.