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Author Topic: Should your wife or husband know your seed phrase?  (Read 2138 times)
Welsh
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December 22, 2022, 07:04:40 PM
 #61

I totally agree, that is absolutely the most important thing. Everything could happen at any moment, if none of the family members know about bitcoin maybe they are going to live a miserable life and it could even be possible that someone else may take advantage of the situation: just image showing the seed phrase to someone who knows exactly what it is and he's not honest...
Well, hopefully it's protected somewhat from outside threats. Potentially, a system where even if someone did retrieve it, it would only be a part of the seed, and not all the seed. Giving someone the seed, like your partner could be as simple as that. The two locations or how many locations you have that stores part of the seed. Ideally, you wouldn't be storing the seed all in one place, simply because of the outside threat of malicious people gaining access to it.

I imagine most households have their seed either stored digitally which comes with its own problems or it's in the safe.
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December 22, 2022, 07:06:00 PM
Merited by JayJuanGee (1)
 #62

I think it depends on a couple, and people should do whatever works best for them as a couple. My spouse and I have a common budget, which means that while we technically have different bank cards, we use them interchangeably without thinking of it, and of course my spouse knows how to access my BTC wallet, although tends to be reluctant about it and let me handle it. So sharing access to seed phrase is a part of our general strategy of a common budget and common money. But we have friends who've been together for about as long as we have (which is 6+ years), but they have totally separate budgets (even though they live together), and they only use their own bank accounts, not those of each other. I don't think they're into BTC, but I imagine they wouldn't be sharing access if they were.
I also don't think the question should be addressed to men specifically and to them sharing access with women, as situations can be very different nowadays, and it's more about a matter of sharing within a couple than about gender roles.

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December 22, 2022, 07:13:33 PM
Merited by JayJuanGee (1)
 #63

I will like to ask the Men here if they have shared their seed phrase with their wife's?
When you have already lived some situations and acquired enough experience, you see it's not that easy to share something so important and valuable. One day the person by your side say and promise the most wonderful things and make you believe in everything, disarming all your defenses, but on the next day she acts completely on the opposite way, as it was an impostor, instead of the person you initially met.

Then you have to be very careful if you really want to give her access to your money, especially bitcoin, which won't let you revert transactions in any hypothesis after it's done. If it was a simple bank account it wouldn't be a big issue, since it's centralized and you can call your manager to assist you in case you are stolen and need to retrieve and track funds.

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December 22, 2022, 07:27:58 PM
 #64

If there was a possibility of adding a next of kin in btc wallet that would have been nice. At the moment i think it is much safer to only be the one to access your private key because you never know when your partner will become ex- and you will find your sell trying to secure your assets by transferring from one wallet to another. It is better to keep your keys private.

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December 22, 2022, 07:31:36 PM
 #65

If there was a possibility of adding a next of kin in btc wallet that would have been nice. At the moment i think it is much safer to only be the one to access your private key because you never know when your partner will become ex- and you will find your sell trying to secure your assets by transferring from one wallet to another. It is better to keep your keys private.

This probably encourages poor security practices. However, there are ways you can do it. Just search it up, there's been endless discussions about it here on the forum multiple times. However, I'd probably be against natively adding a feature like this to a wallet. I imagine it will happen, and it'll involve using something like time lock to do it. I don't think software like Bitcoin Core would implement this though, and would likely be some other newer generation type wallet software that does it.

I imagine altcoins have already attempted something similar.
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December 22, 2022, 08:10:00 PM
 #66

When a man gets married to a woman to become husband and wife, they become one and everyone expects that they can get to share everything with each other. I know of women who have the passwords to their husbands bank cards and they can make withdrawals on his behalf. I will like to ask the Men here if they have shared their seed phrase with their wife's? I will like to ask the women here how they will feel if their husbands refuse telling them their seed phrase?
It is common knowledge that spouses generally share the expenses of life, and therefore they share incomes as well as expenses. In ordinary life, one of the spouses, for example, can use the partner's cards to make different payments, withdrawals and transfers, but it always remains that he cannot freely access private bank accounts, and banks do not allow this. Based on this, if the Bitcoin savings were saved in the form of an investment in the medium or long term, then it makes no sense to give the seed words to the partner because there is no guarantee that the relationship will continue for the duration of that investment. But if Bitcoin is intended for spending and will be used, then it certainly will not be an important amount. I do not see any objection to sharing the seed words of that wallet.
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December 22, 2022, 08:10:08 PM
 #67

Even though I have a family, but I don't give seeds to anyone, including my wife, she doesn't know anything about the crypto world, so I won't give her anything she can trust, it's enough that I myself can control the seeds that I make.
This is a decision that I made but I don't know the future plans whether it can be given or not I think it will be for the husband above all, I am here only focusing on my own principles about what to do in crypto without giving the seed to the wife me, maybe it's different for others, but that's what I said, the seeds must know for themselves.

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December 22, 2022, 08:18:05 PM
 #68

I don't give my wife the seed phrase unless it is indeed the bank password she knows what I have in the bank and she can withdraw it whereas in bitcoin I don't give it because my goal is long term if my wife knows the seed phrase how can she selling without the knowledge of the husband of course it will be a problem in the family.

I already believe in my wife, but for the phrase seed, of course I have to rethink even though she is my wife for a long time, but how to think about the risks that occur, I need to consider everything that is given to my own wife.
It's quite different indeed from the wife's criteria, she doesn't know anything about crypto only knows the results after I gave her the money and told her about the benefits, but now my wife and I have agreed that she doesn't even bother not being told the phrase seed by me, so that's it will be fine for me.

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December 22, 2022, 08:37:13 PM
 #69

When a man gets married to a woman to become husband and wife, they become one and everyone expects that they can get to share everything with each other. I know of women who have the passwords to their husbands bank cards and they can make withdrawals on his behalf. I will like to ask the Men here if they have shared their seed phrase with their wife's? I will like to ask the women here how they will feel if their husbands refuse telling them their seed phrase?


There should be someone who has access to your private keys. For married people it should be your wife or husband. For unmarried people, your brother or sister or any family member that is trusted should know it. No one can predict the future, anything can happen any time.

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December 22, 2022, 08:50:30 PM
 #70

If there was a possibility of adding a next of kin in btc wallet that would have been nice. At the moment i think it is much safer to only be the one to access your private key because you never know when your partner will become ex- and you will find your sell trying to secure your assets by transferring from one wallet to another. It is better to keep your keys private.

Keeping your private keys secure is very important but have you ever thought of unexpected circumstances? There's this saying that "to whom life is given, death is expected at any time". If no one knows your keys, what do you think will happen to your asset after your death? Waste? Oh no, at least one of your trusted relatives should know or be aware of private keys location.
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December 22, 2022, 08:51:08 PM
 #71

When a man gets married to a woman to become husband and wife, they become one and everyone expects that they can get to share everything with each other. I know of women who have the passwords to their husbands bank cards and they can make withdrawals on his behalf. I will like to ask the Men here if they have shared their seed phrase with their wife's? I will like to ask the women here how they will feel if their husbands refuse telling them their seed phrase?

Here's my situation.

1. My wife doesnt know about my seed phrase, since she isnt into crypto or something in correlated to it, therefore, she doesnt know on all things about it.
2. If ever she's knowledgeable, i wont tend to share up my PK or simply deny that i dont have any wallets for saving up crypto, its not really
that being selfish but its better if i could save up money for myself and it wouldnt really be exposed it out even into my wife,
they are still the ones who would really benefit it out on the future.

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December 22, 2022, 08:59:41 PM
 #72

When a man gets married to a woman to become husband and wife, they become one and everyone expects that they can get to share everything with each other. I know of women who have the passwords to their husbands bank cards and they can make withdrawals on his behalf. I will like to ask the Men here if they have shared their seed phrase with their wife's? I will like to ask the women here how they will feel if their husbands refuse telling them their seed phrase?

Personally, it’s certainly a choice. If you feel comfortable sharing it with your behalf, then there’s no wrong with it as long as she can be trusted. If not, you can always keep it on your own for privacy and to lessen the risk from losing or stealing your coins. For me, although I am comfortable sharing secrets with my wife, but I think when it comes to crypto, I should deal it with more privacy first and that means not letting my wife know its seed phrase although she’s aware that I have cryptos been hodling for long.

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December 22, 2022, 09:30:36 PM
 #73

I personally didn't tell about the seed but for the storage location of the seed I told my partner even though he wasn't really interested in it but I still told him because if something unwanted happened to me then it's very likely he would open it even though indeed until now my partner has never even done that but this is an important thing in my opinion so he should know that.

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December 22, 2022, 09:35:14 PM
 #74

When a man gets married to a woman to become husband and wife, they become one and everyone expects that they can get to share everything with each other. I know of women who have the passwords to their husbands bank cards and they can make withdrawals on his behalf. I will like to ask the Men here if they have shared their seed phrase with their wife's? I will like to ask the women here how they will feel if their husbands refuse telling them their seed phrase?


Marriage refers to the mutual respect and trust that exist between a man and a woman. When it comes to privacy, I don't believe a couple should keep anything from one another, especially when it comes to cryptocurrency, which you know inside and out, that you cannot access your wallet without a private key,and you know that you cannot foresee how many years, months, or days you will spend in this world. That means you actually need close and trust person who can access your assets and knows where they are incase you are no more life.why would you keep your seeds phrase a secret from your wife if she is a somebody you can trust?

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December 22, 2022, 09:42:04 PM
 #75

1. My wife doesnt know about my seed phrase, since she isnt into crypto or something in correlated to it, therefore, she doesnt know on all things about it.
2. If ever she's knowledgeable, i wont tend to share up my PK or simply deny that i dont have any wallets for saving up crypto, its not really
that being selfish but its better if i could save up money for myself and it wouldnt really be exposed it out even into my wife,
they are still the ones who would really benefit it out on the future.

My wife doesn't know my seed phrase, but she knows passwords to my electrum wallet Smiley

I have nobody else to share this with and I have a child, too young to know how to access the money. I don't want my coins to be lost of I ever have an accident and die or worse, go into coma and require expensive medical procedures. I'd like my wife to use my money to help herself, our child and me.

The way you do it, your so scared of sharing money with your wife that you'd prefer it to be gone than for her to have it. I'd rather have my wife take my money than for it to be lost. I'd expect her to at the very least (if she happens to hate me one day) build the future for our child.

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December 22, 2022, 09:51:59 PM
Last edit: December 22, 2022, 10:04:59 PM by lalabotax
 #76

When a man gets married to a woman to become husband and wife, they become one and everyone expects that they can get to share everything with each other.

It will depend on what kind of relationship you are being. I mean that it will depend on each other, different people may have different decision based on certain reasons.

Personally, I trust my wife for all things that I have and I let her know about all of the information that I know including the password, seed phrase, PIN, and others. This trust is based on some reasons. We are doing it together for our life and children. That is why I trust her and vice versa. But, some people may not decide to let their couple know about the important and private data. It is not wrong because I am sure that they have certain reasons to do so.

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December 22, 2022, 09:59:35 PM
 #77

There's nothing wrong with sharing your seed phrase with your partner. In case of loss or death, you must give your wife the seed phrase to your wallet. She may not understand what it is used for, but you can warn her not to reveal it to anyone because it contains sensitive information that could be disastrous to the family if an outsider learns about it. You can tell her to only disclose to someone trustworthy you can rely on, in case you pass away and they need access to your wealth. I see nothing wrong with that, but it still depends on how trustworthy your partner is not to reveal anything to anyone.

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December 22, 2022, 10:06:49 PM
 #78

When a man gets married to a woman to become husband and wife, they become one and everyone expects that they can get to share everything with each other. I know of women who have the passwords to their husbands bank cards and they can make withdrawals on his behalf. I will like to ask the Men here if they have shared their seed phrase with their wife's? I will like to ask the women here how they will feel if their husbands refuse telling them their seed phrase?

^When you have said married, all your wealth must your wife have access to it because it becomes a conjugal property that both parties have access to.
But it depends on the situation when it comes to crypto, there are many people who don't know technically speaking about BTC. Juts like what happened to me, my whole family knows everything that I am using BTC but they don't know how to access it, I tell them about my seed but she has no interest in it. I have a vault in my house where all my valuable things were there and she has a key to it, I said to her that when there is a bad thing that will happen you can open the vault and find any of my valuable things, I don't know how but at least it will save them.
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December 22, 2022, 10:09:03 PM
 #79

There's nothing wrong with sharing your seed phrase with your partner. In case of loss or death, you must give your wife the seed phrase to your wallet. She may not understand what it is used for, but you can warn her not to reveal it to anyone because it contains sensitive information that could be disastrous to the family if an outsider learns about it. You can tell her to only disclose to someone trustworthy you can rely on, in case you pass away and they need access to your wealth. I see nothing wrong with that, but it still depends on how trustworthy your partner is not to reveal anything to anyone.

Correct its your wife there's no reason to hide something to her and for sure he also make sure not to spoil anything you do especially if she see you doing something good on your money. And also in case of emergency she can easily access what balances you hide on your crypto wallet so there's no point doubting since for sure you know the attitude of your partner.

R


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December 22, 2022, 10:21:54 PM
 #80

I've watched a documentary about how a wife that's being loved by his husband wants him dead. Not all the wives out there really love you with what you see.
But there's a probability that she just loved you because of the material things that you possess. Well, the wife has to hire a known ex-killer but the guy's already changed and exposed the plan to the husband. Well, the husband ended up playing dead with fake wounds and gunshots.
I'm not saying that I don't trust my wife but, in other cases, handing it out to your wife could be a threat to what you've worked for.

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