Post
Topic
Board Nigeria (Naija)
Re: who knows the pass phrase to your Bitcoin asset or investment
by
Cossyblack
on 21/08/2025, 08:30:01 UTC
One solution to this could be to create a notepad where you can keep information about your funds that one person can access. In this case, that node will definitely be important and it is important to keep a trusted family member informed and educated on the use of those assets.

Especially educate your heirs and make arrangements so that they have access to your assets in the event of your disaster. In this case, if your heirs are not trustworthy, you can lose your assets. So you need to choose someone you can trust and who will repay your trust. I will never see the wealth I have accumulated throughout my life buried with me.
Adding to your strategy, you can write your node on a physical paper and keep it in the bank and inform your family members so that in your absence, your designated person can receive it and use it to recover the funds. In this case, educate your successor enough and make the funds usable.
I will never trust any of my relatives or family members with the amount of my wealth or about my assets, as long as I am healthy or alive. Because it is not wise to trust anyone blindly in this world and no one should share secrets, especially in financial matters where a lot of money is involved.
I totally agree with you on the part been highlighted because it will serve as a document containing all your life time fortunes (assets /investment) in life so that if eventually you aren't there any more, someone dear or very close to you can still get access to your funds to finance any financial challenges that might surface.

however it become more painful and seems meaningless when all that you have labour for just go down the drained when you are no more due to families and close relatives not able to access your asset.


You can't just allow your asset to go down the drained because you are scared of entrusting it to a family member. I understand the risks involving a family member to know about the value of your bitcoin asset and how to access it. They may start having dubious plans to eliminate you just to have quick and full access to your wealth . If you don't have a close relatives or love ones you can entrust your wallet seed phrase containing your bitcoin asset before your absence,you can simply write it on your Will by entrusting it to the Less Privileged or Orphanages homes. With this your giving back to humanity by donating your asset as a charity to Orphanages homes instead allowing it to waste.