MultiversX Tracker is Live!

Create a dead man's switch so that if you kick the bucket tomorrow, your crypto wallets can be recovered by your family.

All Cryptocurrencies

by COINS NEWS 232 Views

Whether your house catches fire and burns up the seed phrase you stored in a notebook, or you die tomorrow, you'll want to be sure you have a backup plan. Personally, I have two separate notebooks in two places that are guarded from weather and fire because I don't keep any of my recovery info stored digitally. I began doing it because I wondered what would happen if I died unexpectedly, and I realized nothing would. My wallets would just sit untouched for the rest of time. If I kick the bucket, I want to make sure my family is taken care of, and so I also created a dead man's switch.

It sounds cooler than it is (it's still pretty cool and makes me feel like James Bond) but you can go to google inactive account management https://myaccount.google.com/inactive and make a plan for when your primary email account is inactive for X amount of time. If you don't log in for that period or show any sign of activity, an email can automatically be sent out to a predetermined list. Your wife, your parents, your best friend, etc. My automated email provides directions on how to recover my wallets and where to find my recovery information.

I thought this was a pretty cool and easy to set up feature and could change the lives of your loved ones if something were to happen to you.

submitted by /u/Trompdoy
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments