I think we should make statement or write a diary in which write all exchanges/wallets login passwords and keep it in safe place and tell some reliable and trusted person from family after my death follow this guide to get the funds.
Exchange should also add next of kin option like an email in case of claim
Topic: Crypto After Death? - page 3. (Read 20815 times)
For now, we also think that if we leave. Who will inherit my Crypto later? And some of my brothers and sisters, I have given this Crypto knowledge. So if tomorrow I am not there, of course, my brother can take over.
When you enter the world of cryptocurrency, one of your family should know what you're doing. It may be your wife or husband. Someone whom you can trust. You should teach them for them to have knowledge in cryptos. If one day, something bad may happen to you, at least there someone knows your wallet and your investment. The key here is not to be greedy.
I'm a selfish bastard then 
If I'm gone and I wont be able to spend my crypto, nobody will!
But seriously, why would anyone trust their bitcoins to a woman? You know that wife has this legal option to deprive you of your coins right? Of course if she's aware of you having some than why would you make this easier for her...
Leaving coins to kids, now that I would understand. Some cool puzzle in the basement, with clues and tips on how to find the treasure. Something fun and creative for the kid to remember and learn the path of crypto along the way. But simple peace of paper with all the instructions, that actually anyone can read seems like safety protocol breach. I think them coins have the anonymity feature for no reason, it should be used to the max.
Seems like you have trust issues with your wife. Finding treasure is a cool idea. Anyway, we invest in cryptos for our family's future, specifically for our kid's future. Now, if you're gone, and no one knows about your coins, then what will happen to your family? You want to leave your coins to your kids, right? What will happen if they'll find the treasure? Aren't they going to spend it in a useless stuffs? They're still young, and don't really care about the value of money. For me, it is still better to leave your coins to someone who is mature enough.
if in my opinion, it's better if we immediately convert crypto to fiat, don't hodl it any longer (if you already get profit), then that's enough to end it all.
When you enter the world of cryptocurrency, one of your family should know what you're doing. It may be your wife or husband. Someone whom you can trust. You should teach them for them to have knowledge in cryptos. If one day, something bad may happen to you, at least there someone knows your wallet and your investment. The key here is not to be greedy.
I'm a selfish bastard then If I'm gone and I wont be able to spend my crypto, nobody will!
But seriously, why would anyone trust their bitcoins to a woman? You know that wife has this legal option to deprive you of your coins right? Of course if she's aware of you having some than why would you make this easier for her...
Leaving coins to kids, now that I would understand. Some cool puzzle in the basement, with clues and tips on how to find the treasure. Something fun and creative for the kid to remember and learn the path of crypto along the way. But simple peace of paper with all the instructions, that actually anyone can read seems like safety protocol breach. I think them coins have the anonymity feature for no reason, it should be used to the max.
I've read that a huge amount of ETH and BTC are considered forever lost. I think most of them are the money of dead people,the rest is lost due to the loss of passwords and keys.Hacking wallets is very difficult, almost impossible, but this situation today.Everyone thinks about their own death...
I truly don't understand why some people who say the cryptocurrency will die ? I think it may be the future of the world, it can make our lives better because of the power of blockchain technology.
Because they just look at the price without understanding clearly about appicability and what blockchain and cryptocurrency can do in the future
I don't hold huge funds and I think its just enough to save without working for half a year.
I just gave all my information regarding on wallets and saved it on a file.
And I'll start to let my family understand on how to manage it, when I think they are ready for it.
I just gave all my information regarding on wallets and saved it on a file.
And I'll start to let my family understand on how to manage it, when I think they are ready for it.
My wife knows all the necessary information and we don’t have secrets from each other, so if something happens to me, she can always take advantage of it!
This is a good situation when relatives know all the secrets and access codes. I unfortunately now have a different situation, I can not trust.
My wife knows all the necessary information and we don’t have secrets from each other, so if something happens to me, she can always take advantage of it!
I truly don't understand why some people who say the cryptocurrency will die ? I think it may be the future of the world, it can make our lives better because of the power of blockchain technology.
Because they just look at the price without understanding clearly about appicability and what blockchain and cryptocurrency can do in the future
I truly don't understand why some people who say the cryptocurrency will die ? I think it may be the future of the world, it can make our lives better because of the power of blockchain technology.
Eh? Try to read the whole post sometimes than just the title. Op means what happens to one's crypto after the death.
I truly don't understand why some people who say the cryptocurrency will die ? I think it may be the future of the world, it can make our lives better because of the power of blockchain technology.
Who says crypto will die? Have you tried reading what OP says? I think you should try to read what op says before posting not relevant to the topic.
By giving knowledge to trusted families, crypto can provide benefits to them, besides knowledge and also give crypto assets before they die.
This needs to be done for survival, in this way crypto will have a generation and will not die.
This needs to be done for survival, in this way crypto will have a generation and will not die.
When you enter the world of cryptocurrency, one of your family should know what you're doing. It may be your wife or husband. Someone whom you can trust. You should teach them for them to have knowledge in cryptos. If one day, something bad may happen to you, at least there someone knows your wallet and your investment. The key here is not to be greedy.
I truly don't understand why some people who say the cryptocurrency will die ? I think it may be the future of the world, it can make our lives better because of the power of blockchain technology.
Crypto will surely die because every life will surely die but not for now and still for a long time.now Crypto is still alive so he can get up and grow, even though the market is in poor condition but believe he will give beauty to many people.
in the future it will increase because more sophisticated technology tools help Crypto growth.
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 didn't ever think about it, because I know that nothing will happen to your crypto if noone will find your private keys. This is logical. I have 2 people in my life whom I trust, they know how to find my private keys. So my crypto will not die with me.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?
By giving knowledge to trusted families, crypto can provide benefits to them, besides knowledge and also give crypto assets before they die.
This needs to be done for survival, in this way crypto will have a generation and will not die.
I truly don't understand why some people who say the cryptocurrency will die ? I think it may be the future of the world, it can make our lives better because of the power of blockchain technology.
snip
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?
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?
Yes, nothing special happens. These are dead wallets with dead coins. No one will ever use them (by the way, for example, in the TELOS blockchain there is an opportunity to burn such coins over time).
And for the case of a testament cryptocurrency is, for example, the service MyWish (with "Will contract" - Transfers person’s savings to his family or friends in the event of his sudden illness or death).
I think that very soon cryptocurrencies will enter the lives of all people and will be used as ordinary money.
Including inherited, to be the subject of a dispute and proceedings in the courts.
In the meantime, only cryptocurrency market players understand the whole prospect of working with cryptocurrencies.
Including inherited, to be the subject of a dispute and proceedings in the courts.
In the meantime, only cryptocurrency market players understand the whole prospect of working with cryptocurrencies.
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 didn't ever think about it, because I know that nothing will happen to your crypto if noone will find your private keys. This is logical. I have 2 people in my life whom I trust, they know how to find my private keys. So my crypto will not die with me. 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 person is holding bitcoin then i think it will be hard to recover if the person not provides details to their known persons. But about altcoin mostly same reasons. So it is always good to keep updated about your work with the family, so that they can get benefit when you are not their.
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