So I’d like to ask the community how you have personally prepared for the possibility of loss? Do you have an inheritance plan? Have you implemented multisig or other secure fallback systems?
These are uncomfortable conversations, but they’re necessary because Bitcoin won’t forgive a mistake, even if life does.
Securing your seed phrase is very much important than adding more bitcoin to your portfolio without a proper plan to secure it. Many users have leveraged on different ways to keep their bitcoin safe and of the safest ways, is to keep your seed phrase to yourself and accessible to only you using different methods of securing seed phrase available. More problem arises when we talk about possible loss of the owner, and the most suitable way is the use of timelock and that’s the safest way many are employing and also feel no any other method could beat it for now.