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RE: What happens to your Bitcoins when you die?!

in #cryptocurrency7 years ago

certainly not something people think about daily, but is something we all have to deal with. Would documenting all your crypto information in your will in some form be the best means of handling it? The best way I have found for explaining crypto is comparing it to a safety deposit box. I can have my will transfer the ownership of the key and all that's inside and couching it that way is generally understandable for the NRFC folks in our lives.

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I was thinking about that as well. But it's not very practical for a couple of reasons, but expecially for regular updating. What also is missing is a sort of advisory-service from such a provider who would advise the beneficiary on how to use the existing funds the best way. I will outline my thoughts on such service in my follow-up post.

please do. Ill follow to see what you've got to say. My idea would be based on what I do. I use Encryptr to store my login information and all the relevant information for my crypto biz. I can give my encryption key for the program and give access to all the survivors outlined in my will. It doesn't make up for the lack of financial knowledge others may have.

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