Topic: Crypto After Death? - page 13. (Read 20776 times)
This is one area many people do not think or like to discuss it, but it is very important as we all die one day. To avoid them being stolen and spent whilst you are still alive, write everything on sheet of paper and put in a safe somewhere in your house.
Have you ever wondered what will happen to your cryptocurrency when you die, for those holding huge funds, what have you put in place to make sure your kids or family benefit from your crypto savings.
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?
That is why you should keep your wallet and private keys i a safe place with duplicate in sone other safe place. Inform your immediate family and provide instructions on basic to do's.
surely i will give instructions to my family members about how to access my wallets and private keys and use them. so i will do it when i feel im near for death. im still 24 and no need to do it now. so after 50 years from now some funds will be forever locked in wallets.
If you give your private key(s) to someone then your crypto funds will live otherwise they can literally be considered burned since there will be no one to use them.
Have you ever wondered what will happen to your cryptocurrency when you die, for those holding huge funds, what have you put in place to make sure your kids or family benefit from your crypto savings.
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?
I think the supply of bitcoin or any crypto can be stock and not circulated. They still mine the bitcoin to get much supply then it circulate so the stock supply can be gain and maybe it is like holding token or coin because the token doesn't move.
Have you ever wondered what will happen to your cryptocurrency when you die, for those holding huge funds, what have you put in place to make sure your kids or family benefit from your crypto savings.
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?
I think if the wallet no one can access it, the amount of coin still in the wallet and off course reducing circulating supply in market. It really total loss if we dont give a key to our heir or trusted people to access that wallet
First thing first remind your family about it and place your private key in a safe place then create more copies and put it on your wallet as well or bag which is so easy to find, but make sure your instructions are included , so that your family can manage it properly.
Well perhaps in a will you might have instructions to open a safe that hold private keys. If I were to kick the bucket now... all of my crypto would be gone for good unless someone could log into my computer and then log into my password database and 2FA off my phone for many things. So, I'm sure this sort of thing has happened before and will probably more of a problem in the coming years.
Have you ever wondered what will happen to your cryptocurrency when you die, for those holding huge funds, what have you put in place to make sure your kids or family benefit from your crypto savings.
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?
I don't have large fund with crypto but its a good amount. I'll entrust it to my parents or whomever I trust with that amount through last will testament or will just simply tell it. I already gave them an hint about where I'm hiding my private keys.This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?
There is one good example for this, this legend.
Bitcoin and me (Hal Finney)
....
The next I heard of Bitcoin was late 2010, when I was surprised to find that it was not only still going, bitcoins actually had monetary value. I dusted off my old wallet, and was relieved to discover that my bitcoins were still there. As the price climbed up to real money, I transferred the coins into an offline wallet, where hopefully they'll be worth something to my heirs.
...
The next I heard of Bitcoin was late 2010, when I was surprised to find that it was not only still going, bitcoins actually had monetary value. I dusted off my old wallet, and was relieved to discover that my bitcoins were still there. As the price climbed up to real money, I transferred the coins into an offline wallet, where hopefully they'll be worth something to my heirs.
...
That's why we don't have to be greedy at all times, sometimes we share what we have to other because anything we have in this world would be useless if we are going to die, our crypto holding is been left forever and go to waste.
I agree with you, the wealth we have will not be taken to the grave after death comes. So it's true what you say that when we live we must share our wealth with others so that our wealth is beneficial. Because if you die, who knows your password to open digital assets? So use your wealth to share with the poor. 
I think someone could create a blockchain solution for this. Sort of an electronic deadman switch where if you did not do something to reset it once a month such as login to your account it would trigger and send an email with all your passwords and private keys to a person of your choosing. For me my kids know where to find my private keys and how to use them if I am dead or incapacitated.
Interesting questions and descriptions about crypto. Supposedly to anticipate this as an heir to the funds in the wallet, it would be better if you tell one of the families you trust. Like insurance that can be inherited. It would be better not to lose funds or crypto stored in your wallet.
Thank's.
Thank's.
That's why we don't have to be greedy at all times, sometimes we share what we have to other because anything we have in this world would be useless if we are going to die, our crypto holding is been left forever and go to waste.
Quite an interesting thought about storing a private key in the Bank. That's a good idea, I think. In fact, I would prefer to devote all the same in this case one of the loved ones, so they too could understand the cryptocurrency. So that after I die, my family can live a normal life.
Here on the forum has already been a post on this topic. There were various thoughts and options on how to maintain access to their crypto assets after death. There was an option such as open cell in the Bank and left in her own private key and the instructions on how to use it. Access to this cell will be able to get the heirs and therefore use the funds of the deceased.
If a man who died doesn't leave his keys to his wallet and explain to his family how to use it, there's nothing they can do. Because no one has access to your funds except you.
Have you ever wondered what will happen to your cryptocurrency when you die, for those holding huge funds, what have you put in place to make sure your kids or family benefit from your crypto savings.
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?
if indeed no of our family knows our assets in crypto, then the asset is only hidden there and nobody knows. the system should be built for example the reconnect feature to find out if the owner is dead or not. such as KYC resubmit or asset refresh feature. So if the account didn't do anything for 1 year or more, the asset will be go back so people should mine it to get it again
Have you ever wondered what will happen to your cryptocurrency when you die, for those holding huge funds, what have you put in place to make sure your kids or family benefit from your crypto savings.
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?
Have seen some kind of topics wayback but still this is one good thing to keep on discussing because many of us here have not ready about what will happen to their coins in case of emergency or accidental death early deaths
For me i have told my eldest son and my wife about all my crypto assets ,and have saved paper wallet that can be accessed by my family incase of that situation may come.
We must consider this as one treasure to be reserved for all our love ones and for all our hardworking to have value in time
Yeah, Happen like that way. Even in Bitcoin case also bunch of bitcoin wallets and no one can access it whether owner lost or die 
But majorly made backup of their private keys. Like in private dairy or in their system.
But majorly made backup of their private keys. Like in private dairy or in their system. 
Crypto has no insurance so it will be best if you tell your crypto assets to the people you trust, Ex family, wife and any other person you can rely. They can get benifits with it by telling them and if you lie with your asset then a huge loss will came and they would not now the hidden treasure you hide for such a many month years of hodling. So teach them up now and be asset wise and secure for these days.
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