Dash Security\/Safety Tip Basics<\/a>\u201d. Most importantly though\u2026<\/p>\nHave you written down your backup information?<\/p>\n
Seeds, Pins, Passwords. Pins and maybe passwords may only be needed if someone is trying to access your wallets through your device, but write them down anyway. If you have not written down this information, drop everything you are doing and do it now.<\/p>\n
How have you recorded your backup information?<\/p>\n
Pen on paper is really the most secure. Storing sensitive data in a password manager or in some password file in the cloud or even on your computer is simply not secure enough. Pen + paper. That\u2019s how you do it. If you are currently using one of these services, consider transferring all that to paper and then deleting that data. Additionally, consider opening up new wallets, writing down the relevant new backup\/recovery information, and then transferring your funds to those new, now significantly more secure, wallets. Yes, I know there are ways to secure information in the cloud, but pen + paper is still the most robust archival method and much easier for your heirs to understand and manage.<\/p>\n
How have you stored your backup information?<\/p>\n
Pen + paper; duplicated; stored in at least two locations.<\/p>\n
Fire safes are good. Buy a good fire safe. Good safes are expensive, but worth it. If your safe was cheap, it\u2019s better than nothing, but you really should spring for a better safe. A second storage location is needed as well. Either a 2nd fire safe, or between the pages of your favorite, but drab, book on soil-science in your 500 book library, or\u2026 simply some place not obvious but relatively secure and accessible. Security through obscurity is actually rather effective in the physical world. Maybe put it all in a sealed envelope so you will notice tampering. You want to be able to update your records without having to go to extraordinary lengths to do so.<\/p>\n
Pro-tip: Put a small desiccation packet in your fire-safe to combat trapped moisture\/mildew issues.<\/p>\n
Don\u2019t brag about your brilliant investment prowess.<\/p>\n
Being private about your holdings will go a long way towards ensuring you and your heirs keep them. Plus, it simply changes the nature of your relationships, usually in a negative way.<\/p>\n
Use a good hardware wallet.<\/p>\n
Trezor; Keepkey; Ledger. They all make high quality hardware wallets. If you have substantial holdings, you really must use something more secure than a mobile wallet, and definitely more secure than an exchange, to hold those funds. Avoid paper wallets. They are super secure, but also error prone for someone unfamiliar with them\u2026 like your heirs.<\/p>\n
Don\u2019t get super fancy.<\/p>\n
If you use 30 wallets, that is a lot of recovery information to manage and specialized instruction to deliver. Use 30 wallets for play money, but for the bulk of your investments, stick to just a few. Simplify!<\/p>\n
What did I do? I bought a Trezor Hardware Wallet, shoved the bulk of my investment into it and reduced my mobile wallets down to a couple that hold very little. In my model, the hardware wallet secures my savings and my mobile wallets secure my working capital.<\/p>\n
Awareness<\/h4>\n
As with all assets, you will greatly help your heirs if they are simply aware of your holdings. And this holds true for all of your assets and even some of your liabilities. Feel free to write out most of this as a typed document leaving blanks for all the sensitive information that you then fill in by hand. The summary introduction may look something like this:<\/p>\n
I hold cryptocurrencies in these wallets and exchanges (access details to follow): Coinbase (exchange), Kraken (exchange), The Dash Wallet (mobile), Mycelium (mobile), Trezor (hardware wallet).<\/p>\n
I also have IRAs with custodian X and a small fund with custodian Y.<\/p>\n
I have a sizable reoccurring monthly subscription with VPS provider V that can be canceled immediately.<\/p>\n
I have $10,000 of emergency cash in a 50 caliber ammo can hidden to the left of the oak tree next to the driveway at address XXX. Aunt Myrtle and my sister know where it is, as does my trustee.<\/p>\n
Please note: I hold valuable information relevant to inheritance in these locations: firebox in bedroom closet, attorney Bob Marley (+1-347-555-2368), a Wells Fargo bank vault on Smith Street NYC, and in a buried 50 caliber ammo can (see above).<\/p>\n
That last bit may be something to deliver to several of your relatives today, well before you get hit by a bus.<\/p><\/blockquote>\n
Access<\/h4>\n
Inform folks where your keys, passwords, and seeds are located and how to use them. Our document continues\u2026<\/p>\n
The exchanges listed above may have USD and cryptocurrency funds held by them in my name. Please go through the normal probate process to secure those funds.<\/p>\n
The seeds, pins and passwords for my various off-exchange wallets are:<\/p>\n
Trezor (hardware wallet, one of which is in the fire safe):<\/p>\n
\n- seed: chest soul argue visit mirror \u2026<\/li>\n
- pin: 12344321<\/li>\n
- password 1: (large balances)\n
\n- This set of accounts holds Dash, Ether, Bitcoin, and ZCash<\/li>\n<\/ul>\n<\/li>\n
- password 2: (small balances)\n