Post
Topic
Board Bitcoin Discussion
Re: Saving Bitcoins for your Children.
by
HalfDeck
on 26/02/2018, 17:51:09 UTC
Like every other investment such as real estate, stocks and other forms of investment we know that you can invest in that kind of things and then you get something like say a Certificate or a Binding Document as a proof that you are part of that investment, now that of bitcoin all you have is just your address, your password, key and seeds as proof of the ownership of the wallet.

BTC

So now if one is considering buying bitcoins and saving for his/her children in the future is there any way to do that with bitcoins apart from having to write down your details somewhere. I'm asking because with that kind of stuff if no one knows your seeds or password no one can get the coins. Huh Huh Huh
It would be a great thing if this matter would be handled because there are instances wherein all of the hardwork of someone is being disregarded after being gone in the world. I am also wondering how this stuff should be handled. Many people are already complaining about this hoping that they can have an assurance that all of their kept bitcoin will go to their family.
As long as you can keep your Bitcoin carefully, you just have low risk to keep your Bitcoin for your children. However, it depends what method you choose to keep Bitcoin. Example buy a hardware wallet is not a good idea to hold Bitcoin for more than 10 years, I recommend you should to create your hardware wallet through hardrive disk or usb to keep your Bitcoin safest.