The truth is simple—if you don’t take the time to care about it, no one else will—neither your hardware or software wallets, your exchange, nor your wealth manager will step in. It’s essential to carefully consider what is needed to safeguard the cryptocurrency generational wealth you’ve amassed and lessen the risks associated with transferring that wealth to your family or heirs. Establish a crypto inheritance management strategy today.
You will lose your Crypto when you pass away.
Unless you implement Crypto Inheritance Management today.
- Wallets can be challenging to navigate and typically do not provide crypto inheritance management. In fact, the common advice is to jot down your seed phrase on paper, which is largely ineffective.
- Some individuals safeguard their wallet seed phrases or private keys on paper, local devices like hardware wallets or USB drives, or cloud storage—but all these methods present significant risks, from hacking to accidental loss to the potential failure of cloud services. Nobody wants such outcomes for their crypto generational wealth.
- Software wallets function on restricted blockchains, while your cryptocurrency might exist across multiple blockchains. To ensure inheritance works, you need to manage it across all blockchains—present and future.
Vault12 leads the way in crypto inheritance management; check out our explainer video here.
What are the challenges with crypto inheritance?
- You need to maintain an updated list of wallet seed phrases and private keys. Like anything you wish to be inherited, it’s necessary to provide a list to your legal representatives. However, many people buy crypto frequently across various blockchains, making it easy to lose track of critical details. If seed phrases aren’t properly backed up, those assets remain inaccessible to your heirs.
- Ensure the privacy of all data related to your seed phrases and private keys. When recorded on paper, engraved, or saved on devices like USB drives, there’s the risk that someone could access the information without your knowledge. Ignoring this threat could lead to draining your accounts.
- Remove critical points of failure—personal devices and cloud services. Relying on individual devices poses a major risk as they can be lost, stolen, or damaged. Additionally, depending on one or more cloud servers carries its own risks—historically, we’ve seen disruptions when relationships between cloud service providers collapse, or when services are compromised by malware or poor software updates.
Check out our explainer video here.
Inheritance: Prepare yourself today.
Vault12 Crypto Inheritance offers a groundbreaking solution for facilitating a secure and easy method of designating a legacy contact for your software wallets. This allows you to transfer your wallet seed phrases and private keys—including Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies—to future generations.
This innovative, decentralized platform empowers users to appoint a person or mobile device as a Guardian. The assigned guardian becomes responsible for safeguarding the user’s entire collection of wallet seed phrases and private keys, securely stored in a decentralized digital Vault.
This process minimizes points of failure and eliminates the need for constant updates to wallet inventories or changing instructions provided to your lawyers, which can often lead to privacy risks. It represents the premier way to protect generational wealth.
Discover how it operates, here.
Take the first step and secure your software wallets.
Designed for seamless use alongside conventional hardware and software, Vault12 Guard assists cryptocurrency holders in backing up their wallet seed phrases and private keys (assets) without relying on cloud storage or any singular location. This enhances security and lowers the chance of loss.
The Vault12 Guard application enables secure, decentralized backups and offers inheritance solutions for all your seed phrases and private keys across various blockchains, including Bitcoin, Ethereum, ERC-20, and other cryptocurrency wallets.
Note: For those new to cryptocurrencies, Vault12 refers to wallet seed phrases and private keys as assets, crypto assets, and digital assets. The primary goal of the Vault is to safeguard your Bitcoin (BTC) or Ethereum (ETH) wallet seed phrases, private keys, and other key information, both now and for future generations.
