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.
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.
I guess a piece of paper where everything is listed down detail by detail is enough. That would include wallets, private keys, passwords, pins, seeds, sites, and detailed instructions as to what steps to do to recover all of them or convert them into fiat. This would be easier if someone in the family is also familiar with Bitcoin or crypto. If not, the instructions should be as spoon-fed as possible to make sure not a single satoshi is wasted. Perhaps a detailed will is also good, which clearly assigns how much is for whom.