Quote from: ultrloa on Today at 09:14:34 PM

Quote from: Victorik on Today at 06:37:09 PM

Quote from: fennic on October 05, 2022, 05:14:52 PM

Hello guys just don't get me wrong. As we all know that one day we have to die. So for this I was wondering that if we have at east 1 million dollars in cryptocurrency or just couple of buck like me Grin

and nobody in our family and also friends do not know anything than what should be the possibility.
I think that's the reason still there are millions of BTC that are still missing cause of lost key or dead Bitcoin holders too.
I think we should at least make backup file and should transfer in Bank Safe so that when they receive than they know how to retrieve it.

Still not getting Any merit 😁

The challenge is that unlike Fiat that is kept in the bank, cryptocurrency holders usually do not reveal their key phrase, so it becomes difficult to transfer the assets to a next of kin.

Another thing is that some country do not approve of cryptocurrency meaning you can't store your phrase with the bank.

Challenge will not be a challenge if you have trusted guys in the house and tell them up early where your private key stored. For sure those peoples who love you know what you are doing and tell them early what activities you are on so that they will be more aware on it.

If country does not allow it then there are so many ways to store your private key and you can write it up on your notebook so that they can easily access it when unfortunate things happen.

Just let them know on where you do store up those notebooks or whatever writings you would really be that storing those keys but its really something that is risky but well everything does have the risk even storing it

digitally or on a ledger or something because it all matters on how knowledgeable into those people who would really be accessing later on when you are already dead.

You should really make yourself that be prepared because we are thriving on earning money for them but i dont really have the trust on exposing my keys when
im still alive yet there's always chances for them to access it not on the right time.