It’s simple. If you don’t worry about it, no one else will. The same goes for software or hardware wallets, exchanges, and wealth managers. So you need to think about what you need to do to protect the Bitcoin generational wealth you’ve created and reduce the risk of passing that Bitcoin wealth on to your family or heirs. Create a Bitcoin inheritance management plan today.
What are the challenges of cryptocurrency inheritance?
- I need the latest information Wallet seed phrase and private key inventory. As with anything you want to inherit, you should provide a list to your attorney. However, people regularly buy cryptocurrencies on various blockchains and it is easy to forget to back up the relevant details. If the seed phrase is not backed up, you will not be able to pass the asset to your heirs.
- You must ensure that: Privacy of all information This is about your seed phrase and private key. If you write it down on paper, engrave it, or store it on a device like a USB, you will not know who can access it without your knowledge. This risk should not be ignored as it can lead to your account being depleted.
- You need to remove Critical point of failure—Personal devices and cloud services. The most important risk in inheritance is the dependency on individual devices that can be stolen, lost, or damaged. The second risk is the dependency on one or more cloud servers. We have seen what happens when a business relationship between cloud partners fails, or when a cloud service is interrupted by malware or a faulty software update.
Watch the instructional video here.
Inheritance: Get ready today.
Vault12 Encryption Inheritance is the first pioneering solution that provides a simple and secure way to assign legacy contacts to software wallets. This allows you to pass on your wallet seed phrase and private keys to future generations, including Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies.
This innovative Decentralized This system allows users to specify a person or a mobile device. guardianA designated guardian is entrusted to protect the user’s comprehensive wallet seed phrase and private key collection and store them securely in a decentralized digital vault.
This process mitigates points of failure and eliminates the need to regularly update wallet inventories or change instructions to attorneys, which often lead to privacy breaches. This is the best way to preserve your privacy. Generational Wealth.
See how it works here.
Take the first step and back up your software wallet.
Designed for use with existing hardware and software. Bolt 12 Guard Helps cryptocurrency owners back up their wallet seed phrase and private keys (assets) without having to store anything in the cloud or a single location. This increases protection and reduces the risk of loss.
The Vault12 Guard app enables secure decentralized backups and provides inheritance for all seed phrases and private keys across all blockchains, including Bitcoin, Ethereum, ERC-20, and other cryptocurrency wallets.
memo: For those unfamiliar with cryptocurrencies, Vault12 refers to wallet seed phrases and private keys as assets, crypto assets, and digital assets. The primary purpose of Vault is to protect your Bitcoin (BTC) or Ethereum (ETH) wallet seed phrase, private keys, and other essential data for present and future generations.