Crypto After Death? - page 9. | Bitcointalksearch.org

keepandhold

jr. member

Activity: 223

Merit: 1

Quote from: Kelvinovie2 on October 05, 2018, 09:51:13 AM

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 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.

ka4ok1331

full member

Activity: 546

Merit: 100

EndChain - Complete Logistical Solution

All of us are waiting crypto to resurrect. We all invested for a long term and we didn't know that such bad things would happen. But we should stay strong

sabine80

member

Activity: 728

Merit: 14

i have made provision for it. i leave documents, in which all information about my crypto are deposited. so my family can access my cryptocurrency.

BogdanGFTP

full member

Activity: 504

Merit: 101

Nobody could use these assets at all. And it will be very sad situation. But I think that now the most of holders of big amount of coins just holding it in big famous foundations that propose that option.

darktt

member

Activity: 269

Merit: 11

Actually I'm trying do not think about death at all, but sometimes I do it. I feel safe with it coz I got my backups and my family knows about it. Also I've heard about mywish company wich can think for you about it.

Omela44

copper member

Activity: 266

Merit: 0

So far i have not thought about what would happen to my crypto coins should i die suddenly. I think i really have to make provision, should something like that happen.

luongdk

full member

Activity: 686

Merit: 102

It is quite interesting topic to discuss, crypto funds after death should be transferred to your relatives or friends, but you must give him an access and teach how to withdraw money

picaszo

member

Activity: 434

Merit: 10

if you want someone to take care of your crypto assets, before you die you can share them with people you trust like family. otherwise your assets will settle and be neglected forever

Enzos

member

Activity: 294

Merit: 10

Decentralization means that when you die, no one knows what your private key is, and your crypto assets will be permanently sunk, it is lost treasure.

Siegtal81

member

Activity: 334

Merit: 10

Global Trans-Fee Mining Exchange

Quote from: Kelvinovie2 on October 05, 2018, 09:51:13 AM

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?

For me, cryptocurrencies are a way of earning for the future. And I was thinking about what might happen that I would never use my savings.Most likely one of my relatives will just find the keys and so will be absolutely everyone who works like me

wareck

member

Activity: 238

Merit: 10

Quote from: Kelvinovie2 on October 05, 2018, 09:51:13 AM

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?

Of course nothing happens. Most likely, this money will just lie on the account for ages. It seems to me that now it is necessary to think about the possibility of inheritance of the cryptocurrency, it will be the right decision

bibka33

jr. member

Activity: 62

Merit: 1

Yes, nothing will ever happen to this wallet. No one will ever use it and there are a lot of such people because they often lose their keys.

Kolikalex55

jr. member

Activity: 278

Merit: 1

simply getting the job done

Of course you need to take care of your family and the field of death to leave a trail ! I think that it is better to create a cold wallet and buy a promising coin for life. Spend 5 ETH on it and maybe it will benefit grandchildren !

mgrbtc

full member

Activity: 348

Merit: 100

It seems to me that any person who has accumulations thinks about this. Perhaps some keep the keys in bank boxes that will be available to their relatives after death.

JohnMacZeppelin

full member

Activity: 602

Merit: 101

It is difficult to say that cryptocurrencies have died, because now cryptocurrencies really start the process of birth and development again, it seems to me that everything can start anew, you just need to understand what is most important now

aalborg

full member

Activity: 602

Merit: 100

Wow, mate, you've just gave me an idea for ICO. We should launch entity guarantee inheritance of crypto funds. Also it is possible to launch smart contract which will distribute funds according to person wishes,like 10% for charity, 50% to wife, 25% to children before they reach 18 age and 25% after .

Patrix_1

member

Activity: 364

Merit: 10

I hope, that we do not need to wait for so long. The bullish market will come soon and we will enjoy the benefits. Our patience will be rewarded before our death. This is to 100 percent sure. Just keep hodling your coins and you will be rewarded

Kunlejoe0

full member

Activity: 518

Merit: 100

I think the best thing is to arrange with your lawyer how best to spend your cryptocurrency wealth when you die. The management of your cryptocurrency wealth should be spelt out in your will!

Negdan4ik

member

Activity: 230

Merit: 10

The Exchange for EOS Community

on this account,I have a brother who is also engaged in cryptocurrency, he is aware of everything that is happening and so I have no worries about it. I really don't want to think about it.

Insert_

member

Activity: 350

Merit: 10

in this case, there is a secret key to the wallet and train your wife a little, so just in case God forbid something happens.

Topic: Crypto After Death? - page 9. (Read 20815 times)