Topic: Crypto After Death? - page 14. (Read 20776 times)
maybe you can practice my method, just backup all important data on your Cryptocurreny assets in an online or offline storage, after you backup the important data, maybe you should now teach your family or children about Cryptocurreny education, after your family understands , you can give that storage place, provided that your asset storage can only be opened after death, look for people who can be trusted in your family environment
I don't think if there are other crypto wallets that this kind some of feature like if the user is dormant for how many years like 5 years- the token or coins will be burned if there are no other option on whom to entrust your wallet unless you give to trusted person like family member to have acess your private key.
it reminds me of a story about treasures ... sooner or later they are found, so passwords from your purses will be picked up)
It'a very interesting question, I asked myself already what will happen with my crypto assets if I die. Now all my passwords and keys are in one box and my husband knows it, he knows passwords to my pc and to my phone. If we both will die, my brother will find a letter with all information he needs to get my crypto.
I think that crypto will live for long. It will be able to win the market and I will be able to earn good money by investing in coins like btc and ether. I think that we need to believe in crypto now
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 the holder has not handed over the keys during his lifetime, these funds will remain forever on the wallet and the relatives will not be able to get the benefit.
You can make a cryptocurrency will and store for example a flash drive at a notary or use a bank cell.
Sometimes it happens that a person is suddenly mortal, it causes many problems.
It will stay into blockchain.
Once a person died holding so many tokens and he/she didn't make a move for that to have the family left.
it will stay in the blockchain and remain forever.
that is what cryptocurrency is, unlike in banks it can be claim by your family as it has no private keys and well documented.
Once a person died holding so many tokens and he/she didn't make a move for that to have the family left.
it will stay in the blockchain and remain forever.
that is what cryptocurrency is, unlike in banks it can be claim by your family as it has no private keys and well documented.
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?
Well crypto can be passed on to generations. Everyone can use it very well. Anyone can have command over it within some days of understanding. Coins like PRG, ICX and LISK are really great to invest in. 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?
The best thing to do is to make your close family know about crypto and put your private key as a will and keep in a save safe with pass code that can only be access when you're dead the give the code to you're next of kin before you pass on
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?
Obviously no one will ever to gain back those assets when the real owner died without giving such informations to their family/relatives, as crypto was designed to be our self holding funds, its a bank where the owner itself is the carrier, without any ideas about the security keys there's nothing left for 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?
the relatives to encash if there's assets which been stored to the wallets.
This is a very realistic topic discussion wherein as a crypto investor where you have a crypto investment, the best thing to do while you are still alive is you should have to teach your children or your sibling about your crypto investment. In the event where death happens to the person, the remaining investment can still be retrieve by the immediate relative of the deceased investor. Considering if no one from the immediate family knows about it, then definitely the investment will remain in the wallet of the deceased.
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?
In my own case I do enlighten my junior sister about Cryptocurrency and how it works besides no one is dying now. And in turn have not gotten a family yet but at this stage I just put my closest person in our family in front.
I think as long as there are still requests and offers for crypto, then of course cryptocurrency will never disappear, it's just possible the volume of the market will be reduced, but they are still there
Very interesting question.I think very few people thought about it.Perhaps should leave a will with the password to the wallet.
You know most exchange site and wallet has put in so much security measures just to secure our wallet from preying eyes. From phone verification, to email, to pk, to 2fa and even recovery questions and all, some of us use like all security measures, I think cases like this it's gonna be very difficult to share details to even family.
That is similar to putting your money in the bank without someone knowing it. If you accidentally died then those crypto that you are holding will be stock in your wallet. If just in case in the near future I will be holding a lot of crypto's then i will make a letter like last will of testament for my family to inherit it.
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 remember in 2017 I saw ico, which solved this problem, but they did not collect enough money.
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?
If it's a lightweight wallet, then the relatives of the dead can definitely get it, right? These relatives only need to know the payment password. If there is no light wallet and no private key, then these assets may be equivalent to being frozen. Until one day, someone can open this wallet, or it will always exist. Everyone can see it, but can't move it. 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?
Unless there's a documentation of those private keys and phrases, those coins/tokens are as good as gone. I am not sure but I think there's a project that's planning to deal with this kind of situation.
I have too always wondered about that. Unlike other asset and cash, it's invisible and no one would be there to look for the owner. Its something like buried treasure, if you didn't properly shared where you hid it, it would be lost forever. And unlike treasures no one would able to find it by any luck.
Saying so, a large amount of bitcoin and crypto are already lost by losing it's owner and it would be best to share your knowledge of funds to your immediate relatives or partners.
Saying so, a large amount of bitcoin and crypto are already lost by losing it's owner and it would be best to share your knowledge of funds to your immediate relatives or partners.
Jump to: