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.
I think there are currently two simplest options: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.
- You can entrust a family member with copies of the private keys and passwords they can use to access the e-wallet in case you die, but such a scenario requires ask for absolute trust.
- Or you send a copy of your private keys and password into a safe deposit vault at the bank, when you die your loved one can get that information.