Re: HOW DO WE TRANSFER BITCOIN WEALTH TO HEIRS AND THE NEXT GENERATION
I have considered out on writing or printing my PK on a paper or be written up but i do have that kind of fear that i might really loss it or when the time comes that ink would definitely be faded out on the time that you might
passed away.
This is why i have decided that i do make out back ups on my own USB with having that having a lock and not just on single flashdrive but rather having 3 as sort of back up. For now then im telling them about the basic principles of crypto and on how to make recoveries or on how private key works on unlocking a certain wallet. So far they do understood it out specially with my wife which it isnt really that hard to understand since you are really just that explaining them about on how to access and on how to make out conversions to real fiat. So that on the time that you would be passing away then those coins wont really be put up
to waste since they could really be able to access it out and make use of those funds that you had been working so hard. For now im not stressing out myself on what would be my ending but rather im focusing on
accumulating for for the sake of my family in terms of the money that they could be able to make use off specially into my children. We know that life is unpredictable and there's no way that we could tell
on when we would be passing away.
You need secure if this ideas adopting for transferring all your bitcoin assets to family or your children, writing Private Key on the paper or save it on flash drive is good ideas but put it most secure place with higher protecting without any one else get access there. First important thing for cryptocurrency trader must bee transparence with their family between children or wife. Must talk to them with how much bitcoin assets having and where place located save or hold bitcoin until we need guide them from first step access to wallet until how to withdraw become cash money.passed away.
This is why i have decided that i do make out back ups on my own USB with having that having a lock and not just on single flashdrive but rather having 3 as sort of back up. For now then im telling them about the basic principles of crypto and on how to make recoveries or on how private key works on unlocking a certain wallet. So far they do understood it out specially with my wife which it isnt really that hard to understand since you are really just that explaining them about on how to access and on how to make out conversions to real fiat. So that on the time that you would be passing away then those coins wont really be put upto waste since they could really be able to access it out and make use of those funds that you had been working so hard. For now im not stressing out myself on what would be my ending but rather im focusing on
accumulating for for the sake of my family in terms of the money that they could be able to make use off specially into my children. We know that life is unpredictable and there's no way that we could tell
on when we would be passing away.
All trader or investor in cryptocurrency have unique way for transfer their bitcoin wallet or assets to children or their family, regarding may assets hold in exchange market its not difficult for me to transfer my bitcoin to my children or my wife by giving them all data required for accessing to exchange market account.