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Author Topic: Should your wife or husband know your seed phrase?  (Read 2138 times)
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December 22, 2022, 10:40:11 AM
Merited by harapan (5), DaNNy001 (3), philipma1957 (2), DdmrDdmr (2), JayJuanGee (1)
 #1

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?

R


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December 22, 2022, 10:48:13 AM
Merited by DaveF (2), JayJuanGee (1)
 #2

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?

I think that even more important than knowing the actual seed is knowing where it is and how to retrieve/use it in case of problems.
While my wife is using freely my cards, she is superstitious and avoids the discussions about the backup seed of my Ledger. Luckily she knows the PIN on it too.

But I expect that in many cases the people here have their own bitcoins, in some cases their partners don't even know about those Wink (the equation might be different after marriage though).

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December 22, 2022, 11:03:56 AM
 #3

Marriage is an agreement and understanding, how this agreement takes place depends on both parties and they should be happy with the results of this agreement.
When someone knows your private key,s/ he owns those coins just like you and increases the possibility of exposing those currencies to risk, so if your wife is keen, has enough experience and you trust her, why not, otherwise (especially if you intend to invest long-term) it is better to be Only one who knows the private key.

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December 22, 2022, 11:06:40 AM
 #4

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?
Nope.

She understands what bitcoin is but she's afraid on keeping or knowing about the private keys or seed phrases. I've told her about the incidents on how people aren't good enough in keeping it and that's why she just let me have it.

I've already told her how important it is and not to broadcast it to the public or to anyone in person but just me and her or anyone I would and she would trust the most.
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December 22, 2022, 11:10:20 AM
Merited by JayJuanGee (1)
 #5

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?
My answer is it depends.

Depends on what?

  • How long have they been wife and husband of each other?
  • Because a first few years are the most challenging years and divorces usually happen in first few years especially first two ones

After spending a few years as a wife and a husband and nothing bad happens and especially if a couple have their children, it's a good time to think of sharing seed phrases of your wallets. It does not apply for all couples but if you feel you're happy with your soul mate and trust him or her, have a bond between you twos (your children), sharing it is very good.

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December 22, 2022, 11:25:14 AM
 #6

I don't mind sharing my seed phrases with my wife.  The fact that I married her means I trusted my life with her and so she is to me.  I wanted to have transparent financial flows with my wife so that she would not speculate anything.  Besides, it is my joy to give my wife access to my funding because that will show her how much I trusted our relationship.

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?
My answer is it depends.

Depends on what?

  • How long have they been wife and husband of each other?
  • Because a first few years are the most challenging years and divorces usually happen in first few years especially first two ones

After spending a few years as a wife and a husband and nothing bad happens and especially if a couple have their children, it's a good time to think of sharing seed phrases of your wallets. It does not apply for all couples but if you feel you're happy with your soul mate and trust him or her, have a bond between you twos (your children), sharing it is very good.

I think when a person gets married, time is not important.  Being a person that believes in the sanctity of marriage, we should have full trust in our partner.  Many might refute but that's just me.  You cannot call your partner a wife if your union is  not legally or religiously recognized.

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December 22, 2022, 11:27:44 AM
Merited by JayJuanGee (1)
 #7

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?


This is quite interesting you know. It is  well known in the Bible that a man and a woman coming together as husband and wife through holy matrimony will be joined as one so therefore whatever that belongs to the husband belongs to the wife and whatever belongs to the wife belongs to the husband as the case maybe it is still applicable to your topic. It is nice they both know and have access to such documents because such detail is very sensitive and would be good to be properly kept safe. The both parties have to discuss about it before conclusion so as to take a stand because sometimes funny things just might happen and all of a sudden and who ever is in possession or has such details with him, if no more posse to be a setback for the family if the asset or fund is a huge one.
So I would advise that both parties should always open up to each other having knowledge of sensitive details or documents with key phrase and agreeing to where it should be kept safe or something  and can only be accessible based on the outcome of their agreement.

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December 22, 2022, 11:33:07 AM
Merited by JayJuanGee (1)
 #8

Yes unless you didn’t trust your partner in regards with your finances due to his/her personal financial management problem. I personally share my assets including private keys of my wallet of my partner so that they can recover it when something unforeseen things happened to me. My partner is my legal beneficiary so there’s no sense to not share my seed phrase in case I’ve gone.

Actually having a last will and testament in advance including the seed phrase of my wallet is one thing I’m considering in the future for my children in case me and my partner both gone at the same time.


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December 22, 2022, 11:36:53 AM
Merited by JayJuanGee (1)
 #9

Firstly, in order to know the seed phrase, the other half must understand how to use it. Just like that, a set of words will mean little to a person far from bitcoin. But if we talk about the family, then in a normal family there should be some kind of common budget, and each of the spouses can have personal money, provided that both partners work. But if necessary, all personal money, of course, turns into a common one..
I know that in Eastern families, money is always controlled by a man, and women have to constantly depend on him. In my opinion, this is not entirely fair, although, of course, I will not judge the customs of other countries.

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December 22, 2022, 11:40:02 AM
 #10

Short answer: No. I haven't shared my seed phrase with anyone.

Long answer: I have no problem sharing my bank accounts and credit cards with my better half, but my Bitcoin wallet is a different matter entirely. I don't want my partner to have access to the wallet's seed phrase, nor do I want anyone else to have access to it, because that opens up many security issues and possible hacks. I'm not saying that my partner would steal my money or use it for nefarious purposes, but I do want to protect my Bitcoin from potential hackers and other threats. I'm a responsible person, and so is my partner, but that doesn't mean that someone else can't find a way to steal our money if they get access to our wallet's seed phrase. She does, however, know where we keep our valuables, including a backup seed from my cold wallet, and has access to them. (In the event of my death or a medical emergency that prevents me from being able to.)

If you're going to have a Bitcoin wallet that you share with someone else, then you should definitely consider getting them an additional hardware wallet for their own use. This way, you can keep your funds secure and accessible at the same time.

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December 22, 2022, 11:43:58 AM
 #11

I think it depends on the level of trust between two people, it doesn't have to be husband and wife, it can be father and son or brother and sister. Therefore, if there is no full trust, I would keep such sensitive things to myself, with of course ensuring that this information is transferred to that person in case something happens to me.

Also, a lot depends on whether the husband and wife invest together in Bitcoin, which would then be a joint asset, or whether one of them does it individually from their personal earnings. In the end, it all boils down to trust - and today that is something that most people can't boast about, because marriage today is something that people don't value as much as before, that's why there are a lot of divorces.

.
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December 22, 2022, 11:45:34 AM
Merited by Odusko (2), JayJuanGee (1)
 #12

Yes unless you didn’t trust your partner in regards with your finances due to his/her personal financial management problem. I personally share my assets including private keys of my wallet of my partner so that they can recover it when something unforeseen things happened to me. My partner is my legal beneficiary so there’s no sense to not share my seed phrase in case I’ve gone.

Actually having a last will and testament in advance including the seed phrase of my wallet is one thing I’m considering in the future for my children in case me and my partner both gone at the same time.


The problem is not only to share the seed phrase with your partner, where I see the bigger problem is if you share it with your wife, the point of failure or loss will increase.
She could leak it from her own end and you will be hacked. That is why I will be careful to share it with my partner.
When women knows that something is important to you, they will try to use it to test your patience during misunderstanding

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December 22, 2022, 11:46:54 AM
Merited by JayJuanGee (1)
 #13

I'm not married, nor do I live with my soul mate, but I really think Bitcoin wallet is rather personal stuff. Just like when you have a personal bank account and a shared bank account, I think you ought to make the same distinction for bitcoin as well. To clarify: I'm talking about permission to move the money, not how much each have. If you're the husband, and you have a bitcoin, your wife should know that you own it. She just doesn't have to have access to it.

But that's just me. Somebody else might find it okay to give ownership permission as well, or oppositely not disclose the amount at all.

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December 22, 2022, 11:50:13 AM
Merited by JayJuanGee (1)
 #14

For me, even if it is your husband or your wife you shouldn't share your seed phrase with anyone there is a possibility that he or she can be interested in withdrawing your funds from your wallet without your consent and the bad part is if s/he won't admit it or even s/he didn't make any transaction from your wallet if your wallet is hacked by someone else I'm sure you will blame him/her that leads to divorce.

That's not good for relationship it is fine to share the password not the seed phrase.

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December 22, 2022, 11:51:51 AM
 #15

It depends on your views on marriage, I see it as a partnership in which everything is shared. That includes the money you have. In fact you could even take one step further and create a multi signature wallet with 2 seed phrases, one kept by the man and the other with the woman. That way the bitcoins and the wallet is truly shared.

.
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December 22, 2022, 11:57:06 AM
Merited by JayJuanGee (1)
 #16

I don't mind sharing my seed phrases with my wife.  The fact that I married her means I trusted my life with her and so she is to me.  I wanted to have transparent financial flows with my wife so that she would not speculate anything.  Besides, it is my joy to give my wife access to my funding because that will show her how much I trusted our relationship.

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?
My answer is it depends.

Depends on what?

  • How long have they been wife and husband of each other?
  • Because a first few years are the most challenging years and divorces usually happen in first few years especially first two ones

After spending a few years as a wife and a husband and nothing bad happens and especially if a couple have their children, it's a good time to think of sharing seed phrases of your wallets. It does not apply for all couples but if you feel you're happy with your soul mate and trust him or her, have a bond between you twos (your children), sharing it is very good.

I think when a person gets married, time is not important.  Being a person that believes in the sanctity of marriage, we should have full trust in our partner.  Many might refute but that's just me.  You cannot call your partner a wife if your union is  not legally or religiously recognized.

That's right, marriage should not be measured by time because once both have determined to come together and get married is a process. Marriage is very sacred, if both have many conspiracies and come together for money, then it is not marriage.

I also share everything with my wife even though she still doesn't know much about bitcoin, but she is the person I trust the most. If my wife and children die, I have millions of bitcoins is meaningless, lost bitcoins can be repurchased, but my wife and children are the only ones.

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December 22, 2022, 12:02:17 PM
Merited by Issa56 (3), Asiska02 (2), JayJuanGee (1), EarnOnVictor (1)
 #17

You know it is very hard to trust some these days before your wife will elope with her cheating partner with your bitcoin, you never can predict people these days but on plain ground, I will definitely share my seed phrase with my wife after she has earned my trust because in case of an emergency and the sake of my kids so that they will have something to rely on or I make it to be part of my will to make it legal with my lawyers. The level of trust matters.

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December 22, 2022, 12:16:51 PM
Merited by JayJuanGee (1)
 #18

I'm not going to share my own view, but we should realize each married pair have it's own circumstance. For example, i expect people who marry primarily or partly due to peer pressure or to push off certain accusation will say no to this question. While for other people, it comes down to whether their partner willing to take such responsibility or have good security practice.

In fact you could even take one step further and create a multi signature wallet with 2 seed phrases, one kept by the man and the other with the woman. That way the bitcoins and the wallet is truly shared.

2 seed phrase which means 2-of-2 multi signature wallet? Sounds risky to me if one of them lose their seed phrase.

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Davidvictorson
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December 22, 2022, 12:18:27 PM
 #19

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 is beautiful. Personally, I so believe that nothing should be hidden from one's spouse. To answer the OP's question if a wife or husband should know about their seed phrase, I say it depends. First you have to know the level of interest your spouse has in knowing about bitcoin, cryptocurrency, wallet, seed phrase etc. Some spouse just want to be bothered about these things, they have other interests which in itself isn't bad. In this case, I wouldn't bother my spouse with knowing my seed phrase because it would be like you are pouring water into a basket. Otherwise, it is best to keep it safe. The  key takeaway is that know what the interest of your spouse is before telling them about your seed phrase.

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Antonas1
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December 22, 2022, 12:28:59 PM
 #20

I do that. I told my wife where I store it and how to use it, and also I trained her a few times. We trust each other.

But if you don't trust your wife/husband, you can choose not to tell her/him or, teaching how to use it without give all the keys. Just tell the storage location and you still keep the key in (physical form).
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