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Author Topic: Should your wife or husband know your seed phrase?  (Read 2138 times)
imamusma
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December 23, 2022, 06:56:51 PM
 #121

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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December 23, 2022, 07:31:01 PM
 #122

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 regardless of for how long they are living together and if they going get divorces after a few years or not recovery seed in very personal and fi you ask me I would never give my recover seed phrase to anyone even after I get married and my wife asked for it, because we all need to have a privacy and financial privacy is a part of it and you should respect to this privacy even if you are wife and husband.

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December 23, 2022, 08:26:54 PM
 #123

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 husband and wife can lead life together then life can't be happier than this. There are many people who do not trust their wives and they do not share anything with their wives. It is better not to have such a relationship than to have one. It is better to share everything in life with your wife. Only if two can live in harmony, there is joy and happiness. I consult my wife about everything in my life. And my wife also consults me about everything in her life. My wife and I are very happy in love with each other.

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December 23, 2022, 08:27:31 PM
Merited by JayJuanGee (1)
 #124

I think the situation should be like this. both of them should have separate accounts so both of them could use their money for whatever they want. and also one account where they can store their savings which they both have access to and no transaction could be made without both of them. no one will touch that. you are not interfering in my personal space and i will do the same, with the one we hold in the common account should be for our future.
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December 23, 2022, 08:58:50 PM
Merited by JayJuanGee (1)
 #125

Even though there is a limit for husband and wife, I think it's not too much of a problem if you really tell us where the seed is stored (not telling the seed) because this can be one of the last accesses so that our wallet can be used and of course if something unexpected happens to we then indeed we have to be prepared for unexpected conditions for ourselves.
I told my wife where I keep the seed if anything untoward should happen to me she can open it but as long as I have it I won't let her open it.

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December 23, 2022, 09:18:32 PM
 #126

Many husbands and wives have misunderstandings due to hiding some secrets I see that telling them about what we did and this password/seed phrase is a need in order to avoid confrontation. Since it was already our partner in life, trust is already built as so they have the right to know all about it and of course, must know how to take responsibility once we are gone. That is unless if your wife/husband can't really be trusted due to some reasons in terms of money handling.

As a husband and wife, it was very important to have good communication and relationships, hiding something can trigger to a bigger problem.



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December 23, 2022, 09:36:14 PM
 #127

Many husbands and wives have misunderstandings due to hiding some secrets I see that telling them about what we did and this password/seed phrase is a need in order to avoid confrontation. Since it was already our partner in life, trust is already built as so they have the right to know all about it and of course, must know how to take responsibility once we are gone. That is unless if your wife/husband can't really be trusted due to some reasons in terms of money handling.

As a husband and wife, it was very important to have good communication and relationships, hiding something can trigger to a bigger problem.
^Definitely right and I agree with the last part, hiding from them will trigger a bigger problem when especially if that is financial and probably the wife/husband will confused about what you are hiding and what it is for. But this will depend on the situation if your partner in life did not know about BTC I rather keep it alone, but she/he knows where the private key is. Honestly, my wife does not have an interest in crypto but she knows where all my private documents and passwords are hidden, just to be sure when one of them will be passed away, there is someone who will get the money. So therefore, in my opinion, our partner in life should know everything not only about financial matters.
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December 23, 2022, 09:49:10 PM
 #128

Many husbands and wives have misunderstandings due to hiding some secrets I see that telling them about what we did and this password/seed phrase is a need in order to avoid confrontation. Since it was already our partner in life, trust is already built as so they have the right to know all about it and of course, must know how to take responsibility once we are gone. That is unless if your wife/husband can't really be trusted due to some reasons in terms of money handling.

As a husband and wife, it was very important to have good communication and relationships, hiding something can trigger to a bigger problem.
^Definitely right and I agree with the last part, hiding from them will trigger a bigger problem when especially if that is financial and probably the wife/husband will confused about what you are hiding and what it is for. But this will depend on the situation if your partner in life did not know about BTC I rather keep it alone, but she/he knows where the private key is. Honestly, my wife does not have an interest in crypto but she knows where all my private documents and passwords are hidden, just to be sure when one of them will be passed away, there is someone who will get the money. So therefore, in my opinion, our partner in life should know everything not only about financial matters.

It is always good if one of you is keeping all the vital info when it comes to financial matters.
In this life, we won't know what will happen next. To make sure there's no regrets on both sides, both of you should know about these important details.
If you truly trust your significant other, you won't have any qualms on sharing such important docs even if we say he/she doesn't know about this market.
That is true, hiding something will trigger misunderstanding. Much better if you are open to your wife/husband so you don't have to hide anything.
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December 23, 2022, 10:05:29 PM
 #129

If you would let your husband/wife know about your seed phrase, then that means you would have to teach them about cryptocurrency and anything related to it, after that it comes to the point that they give up to know about it and let it go. Otherwise, if they are interested with it and that means they will also use it.

But still I think once you are in marriage, it's always great for bring transparant on each other especially for financial stuff so you can plan your financial matters better with your partner.

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December 23, 2022, 10:25:19 PM
 #130

Maybe not telling specifically, but what must be done when we have a digital asset for our wife is to know where it is and how to open it. Because if something happens that we don't want or we can't access digital assets, there will be help from the wife to be able to open it. we have to provide initial education on how to open it using the available seed phrases.
Maybe there are some people who don't want to tell anyone including their wife, for reasons that they will be misused or taken secretly, but I think the important part is that someone else must be able to access our wallet, if not and something unexpected happens then the wallet will not be opened by anyone.

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December 23, 2022, 10:27:57 PM
 #131

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.
Depends to the character. Marriage means you're about to give up certain freedoms, part of which is to do whatever you want with your money. If you can't be honest with how much money you have, the relationship is fundamentally problematic.

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.
Depends on the emotional and psychological return.  Wink

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December 23, 2022, 10:39:36 PM
 #132

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 know when it comes to marriage, all things should be shared. And that’s the way it should be. However, there are things that will be more secured if you left it to yourself alone like I have with my seed phrase. I am not hiding this of course because my wife is certainly aware that I have bitcoin hodlings but I just can’t tell him the seed phrase to avoid its exposure. Well, my wife understands it so I have no problem with that.

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December 23, 2022, 10:41:26 PM
Merited by JayJuanGee (1)
 #133

Maybe not telling specifically, but what must be done when we have a digital asset for our wife is to know where it is and how to open it. Because if something happens that we don't want or we can't access digital assets, there will be help from the wife to be able to open it. we have to provide initial education on how to open it using the available seed phrases.
Maybe there are some people who don't want to tell anyone including their wife, for reasons that they will be misused or taken secretly, but I think the important part is that someone else must be able to access our wallet, if not and something unexpected happens then the wallet will not be opened by anyone.
You should really tell her if you dont like for your coins to be wasted, its better for it to be used rather than to be lost in void forever or something that could really be useless.Make your hard earning

to be used by your family.You are just simply a greedy fucking bastard if you are really just minding on letting it lost forever rather than on being spent.On what reason we are thriving for us to earn more?
Of course it is because of our own family.
It is really just right that they are the ones who would benefit out on what you had sow.
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December 23, 2022, 10:49:39 PM
Last edit: December 29, 2022, 07:57:32 PM by JoyMarsha
Merited by Halab (2), Davidvictorson (2), Merit.s (2), JayJuanGee (1)
 #134

Despite not being married, my husband's level of trust will be revealed if I am to reveal my seed phrase to him or not. If he is the kind of person who can't keep my crypto holdings a secret, I see no reason to tell him about them to prevent him from trading with them or losing them to the public cos I won't be able to handle the shock of learning that all of my cryptocurrency assets are lost forever while I'm still alive. Am avoiding taking that chance since people can be harmful if they learn about or get access to your cryptocurrency assets. The same thing goes for him, if he finds me not worthy of knowing his seed phrase, so be it. It won't cause a problem in the family

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December 23, 2022, 10:50:19 PM
 #135

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 know when it comes to marriage, all things should be shared. And that’s the way it should be. However, there are things that will be more secured if you left it to yourself alone like I have with my seed phrase. I am not hiding this of course because my wife is certainly aware that I have bitcoin hodlings but I just can’t tell him the seed phrase to avoid its exposure. Well, my wife understands it so I have no problem with that.
Once after marriage everything needs to be shared and both husband and wife should have transparency in the activities. Everyone won't get an understanding wife, you're blessed. Smiley

Myself haven't shared or explained about it. After going through this thread I've understood the importance and it is a must to make her understand and know how things work, before that it is a must to know about it as we don't know what future have got for us.
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December 24, 2022, 12:17:43 AM
 #136

The most confusing thing is if you and your wife are from the same industry and try to hide from each other and want to get to know each other, but the main thing in a marriage bond is openness and trust in each other, this also depends on how your relationship was before marriage.
If I had a wife since I don't have a wife at the moment (just pray for it) I would definitely tell my wife, after all, she is my wife who I believe will support my life, if I don't believe her I will not make her my wife.

The answer is that as long as we explain what we plan to do about the bitcoins we have for old age and for future generations, I don't think there is anything to worry about your wife.

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December 24, 2022, 12:47:31 AM
 #137

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?


Its all depends on the monetary relationship you have with your partner, if he/she is someone you can trust with your fund then yes I can share my seed with her.
For your assets safety I can't share my seed phase with my partner because if anything happens to my fund over their since it can't be fully traced to who moved it, their might be complications, you won't know how to ask what happen to the money before it will sound as if you are accusing one of stealing.
I prefer saving my phrase in a safe so that if needs arises then the needful can be done, if not, all my seed phrase is just shared between me anf my twin who I can trust and the need for that is Incase of emergency he is the only one that can be reached so easily and he will respond.

R


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December 24, 2022, 12:51:54 AM
 #138

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 know when it comes to marriage, all things should be shared. And that’s the way it should be. However, there are things that will be more secured if you left it to yourself alone like I have with my seed phrase. I am not hiding this of course because my wife is certainly aware that I have bitcoin hodlings but I just can’t tell him the seed phrase to avoid its exposure. Well, my wife understands it so I have no problem with that.

Same with my case but I already provide the info with my wife in case something happened the access will continue and they will be able to transact with the information that they've got, I already share the info to make sure that they will enjoy all the savings that I did with my crypto investment, the good thing with my wife she's not after to anything as she trusted me with my investment.

All will be depend on how both you and your wife understand each other. Sharing is a good option but not required.

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Lien Uiryen
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December 24, 2022, 08:41:10 AM
 #139

I chose to tell my family. You have no way of knowing what will happen next second. We have to think about the way out of everything. My family also shares their passwords. We all respect and trust each other. If something unexpected happens, your family members can still inherit the property.
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December 24, 2022, 09:33:02 AM
Merited by JayJuanGee (1)
 #140

...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.
You are right on the topic that you may not want to share when you are alive, that much is true, it all depends on the family situation. I am happy to share it with my wife, not that share cares lol, but at least I could share it and let her know how to cash it out in case of anything bad.

But, some other person may not feel comfortable with it, and there are even people who sign prenup before they get married, meaning they won't even pay money after divorce. However, letting someone know what to do, your wife or your husband or children, or even lawyer if you have to is important because otherwise that money is forever gone, and that would be a shame.

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