Hold crypto safely as a family
Self-custody basics: protect your keys, avoid common scams and make sure your family can inherit what you hold.
- Time
- One afternoon
- You'll need
- A hardware wallet · A fireproof place for your recovery phrase
- You'll end up with
- Keys stored safely, a plan for inheritance and a family that knows the common scams.
The steps
- 01
Know what you hold and where
List every exchange account and wallet, what's in it and whether you or a company holds the keys.
- 02
Secure the recovery phrase
Write it on paper or metal, never in a photo, email, cloud note or AI chat. Store it somewhere safe from fire and theft, and consider a second copy in a separate location.
- 03
Plan for inheritance
Your family can't recover self-custodied assets without the phrase. Record in your "if something happens" file where it's kept and how to access it, and discuss it with your lawyer.
- 04
Learn the three big scams
Anyone asking for your recovery phrase is a scammer, always. Fake support accounts reply to your posts. "Guaranteed returns" are a lie.
What breaks
- A single copy of the recovery phrase that one person knows about.
Keep it safe
- No legitimate company, wallet or support person will ever ask for your recovery phrase.
- This isn't investment advice. Digital assets can lose all of their value.
How you'll know it worked
- Your family could recover your assets if needed.
- Nobody in the family has shared a recovery phrase.
Do it with Hayek
Self-custody digital treasury and asset management.
Institutions and family offices manage self-custodied accounts across EVM and Solana, with native crypto payment rails.
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