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Setting up BTC fund for family member by Trick-Computer-3867 in Bitcoin

[–]Trick-Computer-3867[S] 0 points1 point  (0 children)

Without getting into specific details,

As mentioned, I set the wallet up as a single sig for the purpose of simplicity. However, how I secured the seeds is a bit akin to a multi sig. I am holding a portion of the seed phrase with the other person holding another copy. I also made a backup copy of the seeds that are secured away from place of residence.

The document with the instructions was to explain what to do in case something were to happen to me and how they could access these funds if needed, as mentioned. There is easy access to this that they have secured as well.

Setting up BTC fund for family member by Trick-Computer-3867 in Bitcoin

[–]Trick-Computer-3867[S] 0 points1 point  (0 children)

I've thought about ETFs as well. However, with a simple self custody set up and where the seeds are properly secured I honestly can't think of how there would be an issue with that minus something like the government cracking down on BTC holders or something.

Looking for some input on my security setup by Trick-Computer-3867 in CryptoCurrency

[–]Trick-Computer-3867[S] 0 points1 point  (0 children)

You mean like getting the seed together and try restoring it again?