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Set up a "crypto will": How to transfer your coins to your loved ones from the grave

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by COINS NEWS 48 Views

I've posted on this before, but I saw some recent discussion on this topic and figured it might be worth a revisit.

Let's make a plan to bestow your precious coins to your loved ones upon your untimely demise!

A simple way to do this is by creating a "dead person's switch" via Google's Inactive Account Manager. Once enabled, Google will automatically send a custom email to the family/friends of your choosing after a certain period has elapsed since you were last active on your Google account. Not to worry - you won't be putting your private keys in this email. Google will also attempt to contact you a month before this actually happens, in order to prevent mistakes!


How to create a dead-person's switch for your crypto holdings:

  1. Go to Google's Inactive Account Manager

  2. Set a waiting period of something ridiculous, like 6 or 12 or even 18 months (good for forcing the HODL from the grave!) since you were last active.

  3. Craft a nerdy email to your loved ones with important info on how to access your stash. DON'T put your actual private keys or website passwords here, as this will be stored on a Google server somewhere. Just put instructions on how to access your PHYSICAL belongings like your laptop, phone, hardware wallet, safe deposit box, etc. Then direct them to a password-protected file stored LOCALLY on your computer / USB drive containing the rest of the instructions on how to access your crypto. For password protection, you can use something free and open-source like 7-Zip to turn any file or folder into an encrypted archive.

  4. Remember to tell your family you love them and apologize cheekily for accumulating DOGE at $0.05 despite them telling you to get a job. Maybe even give them some of your degen yield-farming tips!

Sit back, relax, and enjoy providing generational ramen wealth for your family from the grave!

I realize that this solution isn't perfect (ie, a Google employee could travel to your house and steal your laptop), but I feel that for some, there may be a high barrier to entry to getting a lawyer, drafting a will, or otherwise paying an estate planning agency for their services.

The intention of this post is to illuminate an easily-accessible tool from which you can easily craft your own custom solution! Thoughts welcome.

Comments: Even if you don't have much, this method is free and will take you just a few minutes to set up!

submitted by /u/bloodbank5
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