Quote from: tsaroz on October 19, 2019, 12:15:25 AM

Quote from: Abiky on October 18, 2019, 08:34:29 PM

If at some point in time I come across death, how would I actually preserve my crypto for other family members to enjoy? I mean, this should be a concern to every crypto enthusiast since all the money they've earned over time could easily be lost without the ability to be recovered by someone else. The decentralized nature of crypto, leaves us responsible of protecting our own funds no matter what.

Which is why, I'm eager to know which are the best practices to preserve my cryptocurrency in case I die in the future? Any recommendations or suggestions will be highly appreciated. Thanks in advance.

The best way is to share what you know to the people closet to you. But sometimes it gets difficult when the people close to you are not tech friendly.
As for example of myself, my parents are old and not tech friendly, my brother is a stupid and doesn't wants to listen to anything I say. My girlfriend is a curious one but there's no point on sharing with her before our marriage. There are a few friends who are into crypto and my parents knows I hold some money as crypto. I hope in case of my death they'd be able to assist my parents to retrieve the money.

That really depends though, on how much you'd share with them. If you just have electrum on a laptop you carry around, it's fairly easy to access and your friends will easily be able to retrieve funds, but this is quite different when it comes to other devices like a hardware wallet.

Quote from: leowonderful on October 19, 2019, 12:09:00 AM

I've entrusted several people I know with one key of several that can be combined to authorize a transaction from a multisignature bitcoin wallet, and I've also given the location of some of my cold wallets and/or their private keys to my family members as well. I'm not one to leave all my eggs in one basket, so even if one of these wallets fails somehow, there's still at least some of my crypto out there somewhere. Most people in my family aren't too tech-savvy either, but I've also left some basic instructions on how to actually use private keys at the location where they're stored, so that should (hopefully) be enough.

There does seem like to be the most practical and easy way to solve something. Using multi sig with your friends/parents so they all need to have something to be able to access your funds - great post.