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Author Topic: Should your wife or husband know your seed phrase?  (Read 2145 times)
gunhell16
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December 23, 2022, 12:31:18 PM
 #101

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 depends on you, of course, you can tell your husband especially if you trust him. Although my husband knows me to be in the bitcoin or altcoin industry and he knows that this is where our current source of income comes from. Although we both have no jobs except for what I do.

But to be honest, I haven't told him about the seed phrases that are saved on my 3 USBs, that all the passwords and seed phrases of my account are there in different non-custodial wallets.

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December 23, 2022, 12:36:22 PM
 #102

...which I think depends on their own personality and family situation, and every family structure is different.

Glad you said it - every family structure is different.

The advice given in this thread will not work for everyone. People need to make a judgment for themselves whether they can accept sharing mneumonic phrases with relatives and/or loved ones.

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December 23, 2022, 02:23:32 PM
 #103

Depend with your self abut giving seed phrase to your wife because if something bad happen to you still have chance with your investment fund used by your wife, I don't think what happen with your assets without any one know seed phrase. I believe with my wife and I share with my exchange data for him because I still use exchange market for saving fund without use hardware wallet.

Need give education for your wife if wanna share seed phrase and have give them guide how to withdraw Bitcoin or altcoin assets from hardware wallet to exchange market and withdraw it to be cash money. Important when sharing seed phrase to your wife when some thing bad happen to you or get an accident and you need much money for recovering, with sharing seed phrase your fund ability for withdrawing.

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December 23, 2022, 03:24:15 PM
 #104

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 a very vital question you just asked @ O.P, because thou neglected, it's one important thing that you just can't run away from, no matter how much you try, and many people have lost a huge sum just because of the ignorance of this. So to me, letting my wife and not my girlfriend know about my Bitcoin asset is one thing that I won't joke with, because for the fact that I chose her, it's a sign she is the one I trust the most in the midst of other ladies in my life.

 
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December 23, 2022, 03:25:51 PM
Merited by JayJuanGee (1)
 #105

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 not married of course the seed Phrase is something that is very secret and only we personally know, but after getting married and sharing life with a partner of course we should also be obliged to tell the seed phrase that we have, I personally, think when you have a partner then there is no another secret that is indeed hidden especially if all this time the assets we have are planned for investment because if something happens to us then the wife or husband can access the seed phrases that we have, if we still keep the seed phrases secret from the wife or husband then if something happens isn't it the assets we have will only disappear in vain without being able to be used by our husband or wife and childrens later, then what are we investing for if not for the good of the family we have?

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December 23, 2022, 03:26:41 PM
 #106

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 partner is interested in crypto then I would share it with her.
Not everyone is interested on it since they find it difficult to understand or it is too complicated for them.
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December 23, 2022, 03:38:43 PM
Merited by JayJuanGee (1)
 #107

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 partner is interested in crypto then I would share it with her.
Not everyone is interested on it since they find it difficult to understand or it is too complicated for them.

How can you trust your wife not to cheat on you. Because there are millions of cases where the husband divorces the wife. What do you do then?  Where your seed phrase know your wife? Well let's put it aside because when a divorce happens between a husband wife and both of them know about it you will be able to change your wallet.  But you worry if ever your wife indulges in a strange act and suddenly runs away with someone else's hand.  Then how do you save your funds ? I'm not saying this will happen to you.  But unfortunately if something like this happens you will lose all your funds.  Because here, whoever has the seed phrase can control the funds of that wallet. this is the matter

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December 23, 2022, 03:43:22 PM
Merited by JayJuanGee (1)
 #108

To many variables for a blanket answer.

I am American and have been married twice. A majority of women are self entitled, greedy and act as a dependent not a partner (not all, but allot).

Me and my buddies have been taken advantage of and screwed over by the ones who "loved" us. The law is heavily bent towards the woman and they know this. I have a pile of friends married 15 or 20 years find out kids aren't theres, wife is cheating blah blah blah. It's almost always the guy that get's screwed.

The problem with having money is that you become a target to EVERYONE. After a substantial inheritance it became my girlfriend of many years full time job to try and gain access to it. One example of many, she unknowingly to me took out a title loan against a paid of 2 year old car to buy her daughter a car. When they wanted to repo it it suddenly became my fault that it did.  

Keeping your finances private is a big part of staying happy and off shit birds radar.  

I would all for a mechanism that in the event of my death my bitcoin could be distributed. Some kind of time capsule that automatically distributes. Ideas?
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December 23, 2022, 03:50:30 PM
Merited by JayJuanGee (1)
 #109

Keeping your finances private is a big part of staying happy and off shit birds radar.
Yes, but how would you feel if you were a woman and knew that you'd married with someone who doesn't want you to know his belongings? Keeping your finances private over your partner means you're going to lie quite frequently when you'll have to spend some bitcoin.

I would all for a mechanism that in the event of my death my bitcoin could be distributed. Some kind of time capsule that automatically distributes. Ideas?
Read: Using Locktime for inheritance planning, backups or gifts.

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December 23, 2022, 03:55:38 PM
 #110

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?

In order for a marriage to take place, there must be mutual intimacy between the couples, which is why they must share each other's secrets. The word "marriage" refers to the union of two people as husband and wife. The most important thing to do before giving someone else your seed phrase is to teach one another how to use it.
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December 23, 2022, 04:25:22 PM
 #111

Thank you all for your engagements, I have read so many interesting opinions on this topic, and two things come to mind. First, I will not be happy knowing that my hubby is hiding something from me. Secondly for those who are saying that they will not share their seed phrase because of the possibility of issues in the marriage that will lead to divorce. I do not think that is a good excuse because people open new wallets everyday with ease, if you have any reason not to trust your wife, you can open up another wallet quickly and simply send all your crypto to another wallet she does not have access to. That solves it.

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spectre71
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December 23, 2022, 04:42:11 PM
 #112

Thank you all for your engagements, I have read so many interesting opinions on this topic, and two things come to mind. First, I will not be happy knowing that my hubby is hiding something from me. Secondly for those who are saying that they will not share their seed phrase because of the possibility of issues in the marriage that will lead to divorce. I do not think that is a good excuse because people open new wallets everyday with ease, if you have any reason not to trust your wife, you can open up another wallet quickly and simply send all your crypto to another wallet she does not have access to. That solves it.

Well, it's the man is often that last one to know of a divorce, with almost 100% certainly clean him out first. Happens all the time.
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December 23, 2022, 05:11:51 PM
 #113

Keeping your finances private is a big part of staying happy and off shit birds radar.
Yes, but how would you feel if you were a woman and knew that you'd married with someone who doesn't want you to know his belongings? Keeping your finances private over your partner means you're going to lie quite frequently when you'll have to spend some bitcoin.

Well it's pre martial assets. It's my money and would never comingle my assets unless she had a equal assets to mingle. Even in a prenup she will want to access them or convince that you need to buy "US" something.

We don't live in a world of unconditional love and trust anymore, it's gone. Love is one thing marriage is a business agreement that has heavily biased penalties.

Would you invest in something that has 50% failure rate that consumes over 50% of your assets? Nobody would but we let all the pheromones and the lust for utopia blind us. It only happens to the other guy. Foolish.

Conversely if I was married and we acquired things together that's what it is. I would give her 50% of the bitcoin to her own wallet. I'm keeping my seed phrase between God and I.
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December 23, 2022, 05:12:04 PM
 #114

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?


Not only your husband or wife, you should share the seeds to someone whom you trust the more. I mean you holding or making this much money or Bitcoins for some loved ones right? What will happen if by chance anything happens to you? All your efforts will be wasted and the hard earned Bitcoins will be lost. So it’s always better to share how to retrieve the wallet or access the wallet if anything happens to the owner, or in need of any emergency. This is my way of thinking. Eagerly waiting for others opinion on this matter.

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December 23, 2022, 05:42:31 PM
 #115

How can you trust your wife not to cheat on you. Because there are millions of cases where the husband divorces the wife. What do you do then?  Where your seed phrase know your wife? Well let's put it aside because when a divorce happens between a husband wife and both of them know about it you will be able to change your wallet.  But you worry if ever your wife indulges in a strange act and suddenly runs away with someone else's hand.  Then how do you save your funds ? I'm not saying this will happen to you.  But unfortunately if something like this happens you will lose all your funds.  Because here, whoever has the seed phrase can control the funds of that wallet. this is the matter
If you and your wife are already living together for a long years then you must know her attitude. If she isn't that trusted enough, then there is no need for you to share your private keys with her. In my case, I think my wife is trusted, that is why I already tell her about my crypto wallet and on how to access it via a pin code but I never talked about the private keys part yet, because I think she is too slow when it comes to those things.

Anyway, I am still sure that nothing bad will ever happen to my wallet. So, I think it's already enough that she can access my crypto wallet easily for now through pin codes and do some transactions there.

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December 23, 2022, 06:05:35 PM
Merited by JayJuanGee (1)
 #116

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 a man and woman comes together in a marital relationship, they both are believed to be one and thinks for the good of both, no privacy, shares everything in common and what have you...
Now, there continues to be an issue of divorce. In fact, its now more common than the paste 10years and it doesn't matter how long you've been married, if there are kids or not. Somehow, things just come up along the years that could make both parties want to end it and it becomes an issue of going to court to determine who owns and gets what.

Now, you have an exposed private key for which your spouse can easily transfer coins without trace and wth you having zero proof that she's the only one except a word of mouth to have exposed the private keys to her, how do you prove that she took it.
There could be claims of hack, possible exposure to other persons and even just some propaganda to discredit the other party and that becomes that.

It's such a risky thing to share keys and also such a risky thing not to. You get to weigh the risk and choose which part to follow. Possibly, share when your ready to lose or out of extreme trust in a relationship that your sure to be forever. Or you could know your partner more and so, you really get to think it through and be thorough in that.
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December 23, 2022, 06:11:41 PM
 #117

I don't think it would be necessary.
I personally believe Seed phrases are supposed to be very personal and not to be shared, unless it is a very extreme situation (it would be like sharing a tooth brush).

It would be okey to share about your personal finances with your partner, specially money which was earned by both of you, but in my personal case where I started buying and selling satoshis before even getting engaged, I would only mention I have some little investment/money in crypto and no much more.

For couples who wished to share the responsibility of their Bitcoin, a multi-signature wallet would be better. Let us remember the implications of sharing a seed phrase is not only about money but also about identity.

Would any of your share a private key you used to identify yourself on this forum?, I would not.


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December 23, 2022, 06:20:18 PM
 #118

.....Why would wife even know about crypto?
Ever thought that all the crypto funds that are held in self-custody will not be put to good use if something happens to the wallet owner? That's atleast one good reason to let your other half know what crypto is all about. Everyone should at least consider that scenario before making a decision not to share seed phrase.

Then it depends on the amount of crypto persons decides not to share with his partner. I dont have much. If I sell it now, I think we could live couple of years of our usual life (in case I lose my job for example). My second half know that "I am in crypto", but she does not know details, nor never asked how to turn my crypto in fiat Cheesy In case something happens to me, I have a file with all passwords, phrases, link and etc. My own file that I fill with info. In case something happens - I will share password for that file and that is it. In case I did not have time for that - well, "you cant have all the money of the world" Cheesy

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December 23, 2022, 06:42:47 PM
 #119

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?

Husband and wife complement each other. So we usually see that the closest thing to a husband is his wife. But not everyone is the same in this position. I have seen some people who after 10 years of marriage still do not fully trust each other. Although they generally have trust but they don't dare to give the wallet seed phrase. There are sufficient reasons for this.

Nowadays you will notice that the trend of divorce is much higher. There are many examples of divorces after being together for an era. So how can you share wallet face? But if there is 100% trust in both of them then there is no problem even if they give everything. Both husband and wife can understand how much he or she would be trusted. So, if you find someone suitable, you must share him/her the seed phrase or other important password.

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December 23, 2022, 06:56:51 PM
 #120

No should and no mandatory. Not everyone knows about bitcoin, private key, seed, or whatever, but most people do about money. Bitcoin is money, but it is also a store of value and an investment asset. We just have to think about how it might be of use to them someday, it kind of inherits it. So it's fine if they don't have it now, but it will come in handy later.

We must have someone we trust, it's up to us whether we have a wife/husband or another family member. Many conglomerates don't inherit it on directly to families, but usually through the help of people they trust.

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