They disappear without a trace, it's obvious. No one except the owner of the private key has access to money. If you do not leave behind access to private keys to their children, then everything will be lost forever
Topic: Crypto After Death? - page 7. (Read 20815 times)
Cryptocurrency is really our future, but all of us will die and many will have heirs. I think that cryptocurrency will simply be transferred in the same way as usual money is now transferred. Nothing new here not to purchase
It is something I should reconsider.
For feasible assets I can write testament and I am sure that my assets will be inherited. As for digital goods like crypto there is no legislation.
For feasible assets I can write testament and I am sure that my assets will be inherited. As for digital goods like crypto there is no legislation.
For cryptocurrencies, private key is very important. When we passed away. You can create a document that allows future generations to learn to use encryption, which is a fortune for them. I think they will be happy to learn,
Get a lawyer so you can write down your last will testament. But if you can't do that, teach and tell only the person that you can trust in your family.
The one that will never move your fund until you die or until you permits to do so. Those coins that is being owned by the deceased owner can be considered lost forever.
The one that will never move your fund until you die or until you permits to do so. Those coins that is being owned by the deceased owner can be considered lost forever.
When someone dies,their coin will be forever on hold to a certain wallet . The only time it will be accessed is when someone has the private key. That is why we should tell our family on how to access our wallet so that when the time comes, they will be able to inherit our assets. Trust your family. 
I've already think about that and it's pretty good question. First of all I explained to my family what does crypto mean for me and how to get access to my funds, I got backup of my seed and private keys for wallet and exchanges. It should be enough imho.
I still do not think about death, though I understand that it can occur absolutely at any time. Nevertheless, I have one friend who, in the event of my death, will be able to use my laptop and get a password from my several cryptocurrency wallets. I think this will be enough. 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?
we have reviewed so many posts as discussions, and always have a long debate that never ends. If you want to be safer, you can make a will to the closest person like your parents or children. so like something happens, they can still access your assets.
I've already think about that and it's pretty good question. First of all I explained to my family what does crypto mean for me and how to get access to my funds, I got backup of my seed and private keys for wallet and exchanges. It should be enough imho.
Actually i thought about this. Gave the details to my very close friend and if i die, he will take %5 of my crypto for his services and give the rest to my family. Who holds the keys, have the cryptos.
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?
Death is hard and scary. It seems to me that it is impossible to accept it and it is necessary to think of the future even if it is inevitable. It seems to me that we will simply transfer cryptocurrencies by inheritance or automatically after death to transfer to relatives
It is for this reason that a close person should know about the wallet, who could use it in case of some kind of trouble!
I thought that. It seems to me that so far such cases are units since cryptocurrencies appeared not so long ago and many people store passwords on computers or on paper. And then when crypto becomes commonplace, we'll be documenting it all.
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?
This is a very interesting topic for discussion. I think that most likely in a couple of years, cryptocurrencies will be considered a full-fledged legacy as ordinary money now and they can be documented to be transferred to their heirs
Will crypto even survive until a day I die? If so it might be interesting. Or might be not. In those times it might be something usual like leaving a fiat money inheritance.
do not forget to leave instructions. To whom to go with this flash drive and what to do with it. Relatives may not be aware of this.
I may not have so much yet, but one thing I have thought of is to just put my cold storage in a safe in a trusted bank, and then leave it there. People live gold and some other assets or documents in a bank vault and all you can just do is to pass it to your next of kin when you die. Like you said though, it is always better to leave instructions, so they do not end up losing the funds out of trying to even understand what they are holding and then the stuff getting into the wrong hands. One way or the other, it should always be a good thing to put them through and at least make sure they have a huge idea first.I think that all the keys and passwords from crypto wallets get to those who killed their owner. It's just a joke. You can store cryptocurrency on a hardware wallet, and a seed phrase, for example, in a safe deposit box that will be given to relatives after the owner’s death.
A big lol to that first part. A lot of cryptocurrencies have gone missing over the years as a result of death and the individual not making some pretty good arrangement in the case of his or her demise. For instance, recently a man who is holding billions of dollars in XRP was found dead, but unfortunately no one have an access to what he is holding except himself. Like you said, sometimes, the best way is to just either put what you have in a cold storage and then probably save it in a bank vault or a safe like you said, which will be accessible only when you pass away.
Death is not the end at all and it is impossible when it is said about the crypto. Its being here is the key to the bright time later so I don't agree here.
Actually, it's a "good" thing when someone leaves their wallet behind 
and doesn't give out any passwords. Total circulation of this coin/token gets smaller and so the price rises 
.
No, but for real, nothing probably really happens. The give crypto gets basically locked up and is now unreachable for anyone.
and doesn't give out any passwords. Total circulation of this coin/token gets smaller and so the price rises .No, but for real, nothing probably really happens. The give crypto gets basically locked up and is now unreachable for anyone.
Crypto will be here for all times because it has done really important and significant contributions for people and for the whole world as well. So it will be in ourselves always.
It is a matter of highly thought. Most of the crypto lovers's family don't know about crypto or cryptocurrencies wallet infomation. This can be a big problem if the particular person die. It is better to show the information to his/her family members so that they can use after their death.
Jump to: