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Re:Binance banned from doing business in UK by whoisjohnkid on Sunday June 27, 2021 @03:33PM (#27654526)
you 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.

Re:Binance banned from doing business in UK by lmm on Monday June 28, 2021 @02:03AM (#27658599)
> 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.

Re:Binance banned from doing business in UK by whoisjohnkid on Monday June 28, 2021 @06:46AM (#27660142)
If 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