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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, 10:22:38 PM
Merited by JayJuanGee (1)
 #81

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.
My wife have access to my pin for cash withdrawal there is nothing to hide about it and all my personal details, passwords and seed phrase is well documented and being kept in safe place where both of us have access to, though it bow down to mutual trust between us, I don't think it's normal to hide such sensitive documents to my partner having been leaving together for a long time and having studied her behavior with regards to keeping secrets thus I grew confidence in her without any doubt having know the implications of keeping a seed phrase without anyone aware of it.

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December 22, 2022, 10:26:30 PM
Merited by JayJuanGee (1)
 #82

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 did, but she's not interested. So, is that something you consider you're lucky? Lol coz she will never know how much does your asset worth. But it's unfortunate if something happens to me and I'm not gonna remember a thing or worse dead lol.
Now, the plan B is, I'm gonna teach my children when they reach 18-20 yrs old. That's gonna be a long way to go since my eldest is still 5 yrs old, hoping I'm not gonna be dead before I that happens.

R


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December 22, 2022, 10:27:42 PM
 #83

It is generally a good idea for both spouses to be aware of and have access to each other's important financial information, including cryptocurrency wallets. A well-executed estate plan can help ensure that spouses are able to access and manage their assets in the event of an unforeseen circumstance, such as illness or injury. It is also important to keep your wallet seed phrase secure and confidential, as it is the key to accessing your cryptocurrency wallet and the funds it holds. You should never share your seed phrase with anyone you do not trust, even if it is your spouse.

Ultimately, it is up to you whether or not you want to share your wallet seed phrase with your spouse or other trusted individuals. It is important to carefully weigh the risks and benefits and make a decision that is best for you and your family.

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December 22, 2022, 10:30:37 PM
 #84

It's good if my better half is interested in knowing more about crypto and specially btc. If she asks me anything about crypto, I openly speak to her about this topic and even share how the wallets work and what I expect from her if and when I die. I have given her my passphrases to different wallets with their names specifically so to let her redeem the coins/tokens if I may remain no more. It is all about trust between both of you, if the man trusts his lady, then there is no drop of doubt that can stop him from giving this info to her. Some men may not give this sensitive information to their ladies provided that those ladies are greedy in nature and may misuse this info for their own benefit.
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December 22, 2022, 10:39:27 PM
Merited by JayJuanGee (1)
 #85

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.
Well marriage still works even if all secrets are not shared, that's part of privacy. And partners should know how to respect that. However, i do share most of my secrets with my wife but when i think sharing will create some risks, that's the time i have to keep it on my own. And that includes bitcoin, she knows that i am into it but she also never bother to ask me its private keys. And for me, that's respecting my privacy. I just have to deal it later on especially when there are unforeseen events that suddenly happen out of our control.
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December 22, 2022, 10:42:10 PM
 #86

Depends on you I guess. If they won't know, perhaps you die, they won't be able to recover your funds. Would you be fine with that? If yes then don't. But on my end, I'd probably say so. You may also transfer the funds in an instant if you think your partner would make use of it without your consent or secretively. You'd only fear sharing this kind of information, ofcourse, with your worries that they won't use the money with responsibility and integrity right? Btter track down the situation if you're still alive, you have full control of it. But if not, such as with the given instance, you won't be able to do something to it, but accept. And if that's the case, maybe you chose the wrong partner as well.

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December 22, 2022, 10:48:45 PM
Merited by JayJuanGee (1)
 #87

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 did, but she's not interested. So, is that something you consider you're lucky? Lol coz she will never know how much does your asset worth. But it's unfortunate if something happens to me and I'm not gonna remember a thing or worse dead lol.
Now, the plan B is, I'm gonna teach my children when they reach 18-20 yrs old. That's gonna be a long way to go since my eldest is still 5 yrs old, hoping I'm not gonna be dead before I that happens.

Maybe its better to start up on explaining or making your wife at least be aware with the basics specially on accessing your wallets in case you would really be dead.There's no one would know on what
the future holds or would looks like.IF you do plan on waiting for more 10-15 years then it wont assure that you could really be still alive on those years even if you are still young on this moment.
It would really be just a waste of money or coins that you are trying out to save for them if they wont really be able to benefit it out, this is why as for risk management then it would
be ideal on explaining it to her even with just the basics.

R


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December 22, 2022, 10:57:18 PM
Merited by The Sceptical Chymist (4), CryptSafe (2), JayJuanGee (1)
 #88

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.
I hope you read this comment to know how deeply appreciative I am to see that you share similar thoughts to mine.
Even though it is not entirely bad to share your seed phrase with your partner, is also important to place everything according to the terms of the marriage agreement because marriage as an institution should be operated based on the agreement, and based on that, not all marriage comes with the aspect of companionship so there is no need to share some personal information with a partner most especially when it come to finances unless the one both agreed and own together.

Take for example, we have a lot of celebrities whose marriages ended in divorce if that partner already has access to their wallet keys and the bitcoin is meant for long-term holding how does one handle the security of the wallet knowing the ex-partner has access to the wallet?

Is not entirely bad to share vital information with your partner, but as we have both stated. It all depends on the contract of that marriage and the level of trust and love that exist between both partners.

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December 22, 2022, 11:53:35 PM
 #89

Why not?
I  have been living with my couple for several years, having some children, and we have no secret moreover related to assets and wealth. This is based on trust. As long as we understand our couple,  we can trust him/her. But if we know that probably his/her behavior will be not good when knowing that private data, it is better not to let them know. But, if you know well and your couple is actually as what you are thinking and you can trust, just tell it. It may be important if something happens suddenly to us and we can trust our couple to manage our assets by understanding this crypto world at first. It is better than none knows it and the asset becomes a lost asset.

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December 22, 2022, 11:55:11 PM
 #90

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 the wife should know, because if you are married, there should be no such thing as a secret. Because if a husband and wife really love each other, there will be nothing to hide.
because one of the keys in marriage is honesty with each other.
but usually women don't really ask that far, the important thing is that their lives are fulfilled, prosperous, and happy.
for women it is enough.

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December 23, 2022, 12:21:22 AM
 #91

It depends on the trust between you two. Isn't marriage supposed to be built on trust? If you can't trust your wife, I don't think the marriage will work for you. You aren't supposed to hide anything from them. But make sure she knows the importance of the thing you are about to share with her. Make sure she knows that she shouldn't share it with anyone else and if she has it written down somewhere, to make sure she keeps it safe. Also she should know how to recover wallets with phrase, or else what's the use of her knowing?

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December 23, 2022, 01:16:22 AM
 #92

In other contexts these issues have been discussed, children, death, family and the Topic more widespread "friends", but no different in the objective that someone knows your private keys or phrases.

There are more complex things in a marital relationship than just 12 phrases.  Wink

Quentoshi what is the discussion with bitcoin in your OP, none, just entertainment, the procedures to follow do not change even if you change its context.

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December 23, 2022, 03:39:27 AM
 #93

It depends the love and trust you have for your wife before you can allow such thing to happen, because those that allowed such thing to happen in the past regret why they allow their wife to know their seed phrase, because of the divorce letter they got from their wife few years later. It is advisable to allow the marriage cross 5 or 6 years old before you can show your wife the seed phrase because by then you have understand the type of woman she is to the family and what she can do to improve the family. And if anything happen to you in future she will be able to recover the money to take good care of the family.

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December 23, 2022, 03:41:28 AM
 #94

It all depends on the couple, my wife and I are all open to getting to know each other for income or investment issues and whatever it is.
but not all wives can understand or use it, like seed phrases or other crypto wallets and I tell everything and also tell how to operate it to my wife including the amount in it because all aims for the family and also the future.
and because he doesn't really understand and doesn't really care he just says as long as it's good for the family he will support it, and in my opinion it depends on the partner and even though he doesn't really understand, and there's nothing wrong with being open because the wife only focuses on taking care of her husband and children and the wife also knows what her husband does for a living and also for the future so that the family is always happy.
and don't think too far if maybe the husband and wife relationship won't last long, keep thinking positively because we have to take good care of what we already have and any openness can also keep a relationship maintained. And don't think that he will use it without your knowing because as long as there is mutual trust and openness everything will be fine, and distrust and suspicion will only make the relationship worse.

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December 23, 2022, 03:57:21 AM
 #95

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?

If my husband refused to give his seed phrase and has a good reason for doing so then I will understand and respect his decision since it's his choice. I don't want to cross the line because even we're already married we should still give ourselves space and it depends how you discussed the matter to understand the reasoning of each other. But in reality, my husband is not the type who will keep a secret from me especially when it comes to money (or if it is something important). He surrender everything to me and i'm the one managing our finances.

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December 23, 2022, 04:43:46 AM
 #96

I don't like to share my personal things with anyone.
Because I have to keep my wallet safe. So I will never share it with anyone. Even if she is my wife...

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December 23, 2022, 08:48:34 AM
Merited by NotATether (2)
 #97

I think there should be no secrets between each other, and even parents can put a mnemonic, which I think depends on their own personality and family situation, and every family structure is different.
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December 23, 2022, 10:05:45 AM
 #98

No,I haven't even thought of that because you know women,they talk too much with every new thing that is happening around them to their best friends. I look at it this way that if I tell her or show her,it might not be a secret anymore and by this my coins are not safe.

On the other hand,she doesn't care about my crpto life,she believes more on fiat currency than cryptocurrency and this led to low interest on her side in knowing more about bitcoin. I have tried involving her into investment but its not working, therefore, I didn't even bother to tell her anything on bitcoin and my private keys.

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348Judah
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December 23, 2022, 10:41:29 AM
 #99

Honestly i feels nothing bad in letting your spouse know about your seed phrase as long as bith of you were legally joinee in holy matrimony and remained married and not divorced, also if he or she is such that you can confide secret with and will not use that as against you, many reasons why many asset got lost away in thin air without any inheritance is because of lack in proper planning whereby atfter the owner demise there's no one to lay claim on ownership or inherit such sunce he was the only one having access to those asset, as long as we all wish to have every of our property inherited by our next of king, then we must make a proper arrangements of who will takeover our asset in case of any sudden home call.

R


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Wiwo
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December 23, 2022, 11:46:47 AM
 #100


On the other hand,she doesn't care about my crpto life,she believes more on fiat currency than cryptocurrency and this led to low interest on her side in knowing more about bitcoin. I have tried involving her into investment but its not working, therefore, I didn't even bother to tell her anything on bitcoin and my private keys.
Believe you me that is better you educate your wife on Bitcoin because the knowledge she will gain through Bitcoin will help her financial life and even in her fiant dealing she will be will knowledged in the area of finance economics and risk management. My wife also have same thoughts and beliefs same as your wife, but in my own case my wife have access to all my private keys and even though she doesn't know how to restore my wallet since she hasn't tried it before but I make sure to give her all the necessary enlightenment on how valuable wallet phrase is and how to use them in case their ever need to use the balance in the wallet.

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