Thread: Cryptocurrency
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  #87  
Old 17-12-2017, 05:06 PM
markings markings is offline
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Join Date: Nov 2016
Posts: 619
 
How to pass on one's crypto holding safely to the intended person(s) is actually a big problem.
Storing the login credentials in an in-house safe, or a safe deposit box in a bank are both problematic. Having it in the will of course equally, if not more so.
I am only beginning to think about this problem but I think it needs to be something like 2FA. The user name is usually an email address, something one can find out relatively easy. The password is the problem and my idea is to split it in two. One half is kept in the safe at home, the other half is in the will. Or the will contains the password, encrypted in some way, and the instructions how to decrypt it are in possession of the person who is the intended recipient. Working through the will of course will then make it part of the estate.