6 ms·
I just used a tool called BIP39 generator on and offline machine which you can feed entropy and it will generate a bitcoin private key. then sent funds to that
by jasdine817 5y ago
I just used a tool called BIP39 generator on and offline machine which you can feed entropy and it will generate a bitcoin private key. then sent funds to that address.
Then just keep those details safe.
- tonfa 5y agoHow do you handle giving access to your keys to your next of kin?
- deleted 5y ago[deleted]
- puranjay 5y agoImportant question - I hope OP can answer. Too many people I know haven’t instructed their dependents how to access their crypto.
- Paradigma11 5y agoAnd how do you prevent access for your next of kin if there is a breakup/fallout?
- rand49an 5y agoJust let them know where those details are and how to access them if they need to.
- whoisjohnkid 5y agoyou can use multi sig wallets. Which are synonymous to Shamir’s Secret Sharing Algo; tldr you can generate say 5 keys and you need 3 of the 5 to unlock. As for if you die … you could use one of those services that will send an email out to your significant others if you don’t log in for X amount of time.
- lmm 5y ago> As for if you die … you could use one of those services that will send an email out to your significant others if you don’t log in for X amount of time. And put your bitcoin private key in there? Surely whoever runs those services would take all your money.
- whoisjohnkid 5y agoIf you use multiple services each with a piece of Shamir’s secret you are more protected. You can get more sophisticated with this if you want e.g each piece can be xored or encrypted with a value only that person would know e.g their birthday or their fav food. Being your own secure bank isn’t a trivial task. Hopefully this can get easier in the future
- xvector 5y agoI wouldn't do that, the tool RNG could be backdoored. Did you read the source and compile it?