How to protect your crypto before death?

[Jorge158]

First and foremost, your family must know that you are involved in the world of cryptocurrency if you can, you also invite them to join you, and you must be open with your closest family and you can say that you have saved your bitcoin wallet later somewhere it's safe for you.

Lots of people die leaving huge amount of money in their wallets and a friend of mine passed on last four months with the same experience. For his case, we were able to go through his details on his PC to retrieve the Private Keys to his wallet. It is always good to have someone in the family who know you're into crypto. Later, it is good to tell the trusted family member where you have stored the Flash drives which contains the login details to the wallet.

[Serco]

For the security of my cryptocurrency invest I share my private key and password to my wife because that investment is future of my child ao nibody can know where our lifes goes? So much better to share all private from my trusted person.

Wives or families really need to know about our assets that are in cryptocurrency or other assets that they do not know because however if something happens to us they can use these assets as costs or for their needs when the worst happens. so our assets will also be useful not only to be settled in the wallet

we must teach them how to access our wallet, not only know where is our wallet and our private key.with this knowledge impossible for them our sell our liquidate our cryptocurrency assets.it will take less time to teach team about it, and if we can do it as soon as possible to prevent bad thing happen.its dillema if there is no our family that be crypto trader or investors.

[barabarian1]

I have prepared this. I have taught my partner how to open a wallet and exchange. and I also told you where I keep the key. but I want to not only leave crypto heritage. I also want to leave a business that later when I die they can continue my business. therefore I always set aside profits from crypto to open a business. so that later my family will inherit two things, cryptocurrency and business.

[airdnasxela]

Just make sure to tell you family or someone you fully trusted about your accounts and password. It's okay to be prepared cause we never know when will our time comes. Also make sure they know what is crypto and how it works. Save everything in your pc so they could just open it. They have the access incase something bad happens.

[taufik123]

Things need to be done fairly easily, you only need to choose the people you trust to hold your personal key assets. From your family or your best friends. so that later if you are not in this world anyone will continue your crypto assets. It is a testament to crypto assets, it might be useful for other things if you are not there.

[Dabs]

Now, if you know your family can't learn or be taught how to use crypto or bitcoins, then you might have to ask a trusted third party to help you here, someone like an escrow who will take care of exchanging your coins to fiat for them and sending them the funds. You'd trust this third party or else your family would never get anything. In return you have a contract that will also pay this third party a small portion, since otherwise the coins would have been lost anyway.

That's a splendid recommendation. Looks like I needed to learn that about Google. Me too have the same case, wondering if ever this occurred to me. My family is also not a techie type of people, and seems not interested, but who knows might happened right?

Do you have any suggestion or trusted third party for doing this kind of matter? I think it will be hard to set up like this, since cryptocurrency isn't scope in the Law yet. Maybe on some country they started to draft something about this scenario. Hoping for youre response, thanks.

I've offered my services for this exact use case to a few people ... they haven't gotten back to me. Would you like to be my first client? LOL.

I do escrow for plenty other types of transactions, usually people trading goods or services, as well as some multi-signature ones for altcoin ICOs in the past. We can work out the details, but at all times while you are alive no one else has access to your coins so you don't need to worry about me (or anyone else) moving them. Send me a PM and I'll tell you how I think it should work.

This works best if your coins are not moving or in some sort of cold storage. If you have them on an exchange or are actively trading them, or in some altcoins that are staking or running masternodes or anything else like that, that's going to be a little more difficult to manage, but not impossible.

[ivaf]

You can write a will at a notary with detailed instructions on how to access an asset (and remember to attach private keys).
You can also write a special smart contract (digital will) using a special service, for example, https://mywish.io

[jmigdlc99]

If at some point in time I come across death, how would I actually preserve my crypto for other family members to enjoy? I mean, this should be a concern to every crypto enthusiast since all the money they've earned over time could easily be lost without the ability to be recovered by someone else. The decentralized nature of crypto, leaves us responsible of protecting our own funds no matter what.

Which is why, I'm eager to know which are the best practices to preserve my cryptocurrency in case I die in the future? Any recommendations or suggestions will be highly appreciated. Thanks in advance.

I always tell me wife where most of my passwords and bitcoin keys are hidden. I just simply wrote these down on a physical piece of paper with no indication or marks of what usernames or email addresses were used and i just hide it in our house.

My wife knows me well enough to know my email accounts and usernames so i'm confident she'll easily be able to guess and match the passwords eventually, but i feel it's a special layer of security for us both.

[Bezobraznike]

   I have an external hard disk! There is a folder with all the passwords, private keys, and everything connected with my wallets
and accounts. If anything happens anyone can open my external hard disk and find all necessary info about my crypto-currencies
and how to get to them. My wife knows about that, and my kids will when they grow enough to understand more about it.

[angrybirdy]

   I have an external hard disk! There is a folder with all the passwords, private keys, and everything connected with my wallets
and accounts. If anything happens anyone can open my external hard disk and find all necessary info about my crypto-currencies
and how to get to them. My wife knows about that, and my kids will when they grow enough to understand more about it.

It's a good action to have an external disk, where every information of your wallet including passwords and private keys are in there.
Knowing that there is someone to manage your crypto investment just in case anything happens to you.
I also have done the same thing, where the only person who can have my crypto is my family, they have a copy of my wallet info, so they can easily use it if they want to.

[Beloyumi]

project crypto mean you like to save tem, am i correct? so i guess better way to do that you have to search your won and it's the best way for all saving , their is a project called hawk network you can join for more details https://twitter.com/Hawk_HKC/status/1185539270456553472

[Dabs]

If your external hard drives or USB backups of your wallets are not encrypted or in encrypted files, or even just password protected files, anyone who gets physical access to them can steal your coins.

If you use Windows, you can use something like WinRAR to both compress your files and encrypt them with a password. You can also include parity error correction or redundancy.

[Bonenx14]

If your external hard drives or USB backups of your wallets are not encrypted or in encrypted files, or even just password protected files, anyone who gets physical access to them can steal your coins.

If you use Windows, you can use something like WinRAR to both compress your files and encrypt them with a password. You can also include parity error correction or redundancy.

file security in windows is good enough by providing a password when you want to access the files in it, the method is quite good and easy enough to do. and I think the security that you do can also be done on the flashdisk because by creating a password no one will be able to access it

[Clark05]

For me the best way to secure what you have here in cryptocurrency incase you die in the future just tell to your family your private key like the most who you really trust in your family to continue what you do and tell him or her that once you die you can use what you have or maybe write all the information about your account and keep it safe to the vault and once you die for sure they will know it .

[joinfree]

I have seen some platforms to handle the inheritance of crypto assets. You can use them to secure your crypto assets. Or you can try to follow some tips based on many articles/books, just googling and choose the best one. The point is how you can note your asset's data and let someone you trust to know it.

Example of articles/books related to the inheritance of crypto assets :
1. https://smartoptions.io/crypto-inheritance/
2. https://bitcoinexchangeguide.com/crypto-asset-inheritance-plans-how-to-protect-your-bitcoin-before-you-die/
3. https://www.amazon.com/Cryptoasset-Inheritance-Planning-Simple-Owners/dp/1947910116

Thanks for sharing these sites. I never knew some blockchain startups offer such help. I would read more about Safehaven as they seem legit to me. Hopefully, i can use their services in the near future because this is an important thing which needs to be looked at. i can imagine the number of bitcoins that has been lost forever I think y'all can check it out too

[zeze18]

If at some point in time I come across death, how would I actually preserve my crypto for other family members to enjoy? I mean, this should be a concern to every crypto enthusiast since all the money they've earned over time could easily be lost without the ability to be recovered by someone else. The decentralized nature of crypto, leaves us responsible of protecting our own funds no matter what.

Which is why, I'm eager to know which are the best practices to preserve my cryptocurrency in case I die in the future? Any recommendations or suggestions will be highly appreciated. Thanks in advance.

Make sure you tell the secret pass or your hardware wallet storage to your family that you trust.
Your parents or your son (if you already have) or anyone that you trust in your family.
Also write down a secret pass in a piece of paper then save it into your working desk is also good because it's easy to found

[durilup]

You can store your private keys/wallet files on a external hard disk or even on a SSD. I think this is the best choice and the safest method.

[aysg76]

I think it's better to tell everything about all your investments in the crypto, accounts, passwords, your wallets informations, etc. to your family or whom you trust the most previously since the death is something that is inevitable so it's better to be prepared for it beforehand...

[ongkok87]

To be honest in my family who still understand about cryptocurrency is not so much, they all still do not really follow developments in technology. but my brother who already understands about the digital world from the last 1 year I try to provide insight into cryptocurrency and the reason one of them is the same as in this thread. if something worst happens, at least he can understand about my assets

[btcdie]

the first thing I did was make a will / decision involving a trusted third party, along with witnesses if my assets were large in number. after that I gave full access rights to the third party and entered into an agreement. well, when I leave the world, third parties have the right to take a few percent according to the promise that has been set.