It is really important to be ready for our death especially for our cryptocurrencies, that is why if you didn't tell to anyone where did you store your private keys, password and hardware wallet to access on your crypto wallet, obviously all of your crypto will be stock for a long time and it could be gone. Good thing i told to my brother where i hid all of my private keys, and hardware wallet for him to know if i die, that is why all of my cryptocurrencies will be safe to him.
we have to educate people around us about cryptocurrency.told him about how to unlock wallet and send it to exchanges.this is basic thing that we have to tell to our wife or our family to prevent lossing our assets if something bad happen to us.and i am agree with you doing this thing be an obligation for every investors or traders in cryptocurency market. 
Topic: If You Died Tomorrow, What Would Happen To Your Crypto? - page 11. (Read 2595 times)
It is really important to be ready for our death especially for our cryptocurrencies, that is why if you didn't tell to anyone where did you store your private keys, password and hardware wallet to access on your crypto wallet, obviously all of your crypto will be stock for a long time and it could be gone. Good thing i told to my brother where i hid all of my private keys, and hardware wallet for him to know if i die, that is why all of my cryptocurrencies will be safe to him.
There is no chance to trust my coins to an unknown and unproven solution like Safehaven.
I prefer to make my own preparation.
A small amount, kept on Exchanges most propably will vanish.
My closest people know how to operate with my Ledger.
I prefer to make my own preparation.
A small amount, kept on Exchanges most propably will vanish.
My closest people know how to operate with my Ledger.
Were on the same boat mate because you can't guarantee that this third-party will give your crypto wallet details to your beloved ones when they can cash-out it by themselves once they confirm that their customer died. A documented account details or a ledger is the best option that can be easily past to your closest friends or family members when something bad happen to you.
Actually i have save my private information and my father knows that, so if i will die then my assets will take my family. Basically man is mortal so anytime we can die with any moment without a signal. So if you want carefully then you need save your private asset information, where your family knows that.
Very true what was conveyed by the OP in this thread, we must prepare everything for our possible death, otherwise all our assets cannot be taken away by our immediate family. I have not yet provided my password and email address for my family but I will tell them where I keep my assets.
I think we must keep our asset personal access into a private google sheet, in order that it will be viewed without any problems if in case there's a possible death happens to us. No one could stay longer in this temporary world, much better if we prepare ourselves, so having an alternate person second to you is a very secure way for your asset to be spend by your loved ones who still lived. If you're married, you should open that confidentiality to your spouse, because crypto asset is encrypted and cannot be touched without our prescence.
As more and more investors join this sector, a question everyone should be asking themselves is: "What happens to my crypto if I was to die unexpectedly soon?"
I understand the thought of this is depressing, but it is inevitable and the only thing that matters is whether you prepared for it or not. Most of us have enough money in this game to start preparing for this in order to prevent it from going to waste.
If you haven't planned around this, or even thought about it yet, I recommend investigating the few options below:
1) Include all your wallets and passwords/seeds in your will. Make sure you include instructions on how to access your funds as well as giving these to someone not familiar with crypto will be just as useless as not even including them in your will.
2) Along with the will, teach the closest person in your life how to access your funds. Whether this is your significant other, family member, or really close friend, make sure someone understands how to access a wallet and transfer/sell the funds. Just like how you should be researching projects before you invest in it, make sure you choose who you share your secrets with carefully.
3) Take a look at Safe Haven. Safe Haven is building an Inheritance Platform that will allow you to do everything above, but with a legal entity that understands crypto and will make sure your funds get in the right hands. Not only will you reassured that your funds are secured and inheritable, but you will also be increasing the adoption of crypto yourself, outside of just investing into it.
So no matter what you are invested in, if it is a large amount of money, I recommend you begin thinking about the future. Crypto is very complex and requires a lot of time to make it fully inheritable, so please make sure you take the appropriate safeguards and steps in doing this correctly.
Your crypto would stay where it is after your death but if you have precautionary measures so that your investment wouldn't go to waste, you can avoid the unfortunate of earning for nothing. We don't know what the future holds so we should be ready always, try securing an emergency password for your family members so that they can benefit on the thing that you worked for. Try finding an investment out of crypto also that has an insurance that all of your earnings could go to your family after your death. I understand the thought of this is depressing, but it is inevitable and the only thing that matters is whether you prepared for it or not. Most of us have enough money in this game to start preparing for this in order to prevent it from going to waste.
If you haven't planned around this, or even thought about it yet, I recommend investigating the few options below:
1) Include all your wallets and passwords/seeds in your will. Make sure you include instructions on how to access your funds as well as giving these to someone not familiar with crypto will be just as useless as not even including them in your will.
2) Along with the will, teach the closest person in your life how to access your funds. Whether this is your significant other, family member, or really close friend, make sure someone understands how to access a wallet and transfer/sell the funds. Just like how you should be researching projects before you invest in it, make sure you choose who you share your secrets with carefully.
3) Take a look at Safe Haven. Safe Haven is building an Inheritance Platform that will allow you to do everything above, but with a legal entity that understands crypto and will make sure your funds get in the right hands. Not only will you reassured that your funds are secured and inheritable, but you will also be increasing the adoption of crypto yourself, outside of just investing into it.
So no matter what you are invested in, if it is a large amount of money, I recommend you begin thinking about the future. Crypto is very complex and requires a lot of time to make it fully inheritable, so please make sure you take the appropriate safeguards and steps in doing this correctly.
I will think of this when the right time comes. Well, they say that the right time is always now or today. I think this not apt at all times and circumstances. I have not yet thought of coming up with a will or a similar document because I am still young, very young, and full of life. It is true that the angel of death may come at anytime it wants but I will gladly just tell it to come back 4 decades later when I have prepared my crypto will.
"What happens to my crypto if I was to die unexpectedly soon?"
I am sure many of us have a plan if they die soon. Perhaps, they will give their crypto to a beloved person before they died.
1) Include all your wallets and passwords/seeds in your will. Make sure you include instructions on how to access your funds as well as giving these to someone not familiar with crypto will be just as useless as not even including them in your will.
2) Along with the will, teach the closest person in your life how to access your funds. Whether this is your significant other, family member, or really close friend, make sure someone understands how to access a wallet and transfer/sell the funds. Just like how you should be researching projects before you invest in it, make sure you choose who you share your secrets with carefully.
Related to numbers 1 and 2, I think most of us already prepare for that, and they will give all their wallets and passwords/seeds at the right time. They already teach their beloved person how to use the crypto and tells about everything they know for that person.
3) Take a look at Safe Haven. Safe Haven is building an Inheritance Platform that will allow you to do everything above, but with a legal entity that understands crypto and will make sure your funds get in the right hands.
I don't know anything about that project. I instead choose the profitable crypto like bitcoin and the other altcoin list from the top 10 or 20 at the coinmarketcap as the investment. But I want bitcoin as the main investment, so if I died, the person who I choose could use all of my cryptos without a problem.
Just make like a chest box that would hide your hardware wallet in it or a sealed paper inside of it that contains your private key. No need to get too much into other platforms just to ensure that your crypto coins will be inherited by your son/daughter. Online wallets could somehow work because it just needs your email and pass after all but I wouldn't recommend it that much for safety reasons.
There is no chance to trust my coins to an unknown and unproven solution like Safehaven.
I prefer to make my own preparation.
A small amount, kept on Exchanges most propably will vanish.
My closest people know how to operate with my Ledger.
I prefer to make my own preparation.
A small amount, kept on Exchanges most propably will vanish.
My closest people know how to operate with my Ledger.
It is because of the deaths that we can see a huge number of abandoned wallets. We need to keep up with the progress and try to inform society. After all, this is a very important problem. Now you can leave a will with a notary or provide all the necessary information to your loved ones on various media. For example, a portable hard drive and attach to it step by step instructions.
If the truth is we don't know when we will die, in terms of the understanding that I read, you want to invest in cryptocurrency that you have can be used by your own family without a third person, I tell them that I will write on every worksheet along with private key so that one day my assets can be opened and used by my family without involving a third person
We don't know what will happen tomorrow, so I am not keeping a secret from my wife, she knows all my passwords especially in email where I do have back ups too for private keys, etc, so I am not worried that all my hodling will be gone for nothing, as I know it is secure any my family can benefit of it.
It is better to let someone knows your password rather than burying your hard earned crypto investment with yourself.
Planning to do nr2 on the list, but as my closest people don't have any clue how the cryptocurrencies work, i feel like i need to write a lot for them to prevent from being scammed. I can already picture how they deliver privatekeys to some "expert" and get scammed. I might just leave my legder to safetybox on bank. Even if i don't trust banks with my money, one thing i trust them to do is keep the safety lockers safe.
The best thing to do is to educate your family about Cryptocurrency and how it works, so in case anything happens to you, you know what your family is going to do with your Cryptocurrency, who knows one of the coin that you've thought is useless will suddenly hype a thousand times and you family is the one that will reap the fruit of your rewards.
Very true what was conveyed by the OP in this thread, we must prepare everything for our possible death, otherwise all our assets cannot be taken away by our immediate family. I have not yet provided my password and email address for my family but I will tell them where I keep my assets.
3) Take a look at Safe Haven. Safe Haven is building an Inheritance Platform that will allow you to do everything above, but with a legal entity that understands crypto and will make sure your funds get in the right hands. Not only will you reassured that your funds are secured and inheritable, but you will also be increasing the adoption of crypto yourself, outside of just investing into it.
So no matter what you are invested in, if it is a large amount of money, I recommend you begin thinking about the future. Crypto is very complex and requires a lot of time to make it fully inheritable, so please make sure you take the appropriate safeguards and steps in doing this correctly.
I hope Safehaven will have good success in their venture we need something like this in this industry and every country where Cryptocurrency is popular, should have a service like this to serve Crypto holders, it will make things easy for the holder and their heir.
Cryptocurrency can now be considered a growing asset and it should be inherited by the heir in a proper way and they should be educated on how Cryptocurrency works.
i think that it is good to talk about such things , in my case it is not so difficult because my wife and i do it all together and both now all the passwords and where to find the important information , but i think that it can be hard for otheres to tell anyone such info as passwords and so on
Actually I haven't thinking what is the plan to settle my crypto assets after I'm pass away, until now my family and wife nothing know about cryptocurrency, everything is under my control, it's too hard to tell them what is that and how to use, currently maybe I don't have too much crypto assets and still young, I'm still haven't plan yet, let my crypto assets stone sinking into the sea if I'm suddenly died.
I already have a plan for my Cryptocurrencies when I'm gone but I have a suggestion for you guys. What if you write it on a single notebook and write all the stories like diaries with enough information to make the one that reads it fully understand the concepts of blockchain and cryptocurrencies. along with the pages of information also put everything there from the lists of exchanges accounts and passwords to the private keys. After that, bury it somewhere safe. Make a map of where you bury it and sometimes in your life, give them a clue about it, little by little. when you die at least they will have a lead on where you put your digital treasure.
As more and more investors join this sector, a question everyone should be asking themselves is: "What happens to my crypto if I was to die unexpectedly soon?"
I understand the thought of this is depressing, but it is inevitable and the only thing that matters is whether you prepared for it or not. Most of us have enough money in this game to start preparing for this in order to prevent it from going to waste.
If you haven't planned around this, or even thought about it yet, I recommend investigating the few options below:
1) Include all your wallets and passwords/seeds in your will. Make sure you include instructions on how to access your funds as well as giving these to someone not familiar with crypto will be just as useless as not even including them in your will.
2) Along with the will, teach the closest person in your life how to access your funds. Whether this is your significant other, family member, or really close friend, make sure someone understands how to access a wallet and transfer/sell the funds. Just like how you should be researching projects before you invest in it, make sure you choose who you share your secrets with carefully.
3) Take a look at Safe Haven. Safe Haven is building an Inheritance Platform that will allow you to do everything above, but with a legal entity that understands crypto and will make sure your funds get in the right hands. Not only will you reassured that your funds are secured and inheritable, but you will also be increasing the adoption of crypto yourself, outside of just investing into it.
So no matter what you are invested in, if it is a large amount of money, I recommend you begin thinking about the future. Crypto is very complex and requires a lot of time to make it fully inheritable, so please make sure you take the appropriate safeguards and steps in doing this correctly.
I understand the thought of this is depressing, but it is inevitable and the only thing that matters is whether you prepared for it or not. Most of us have enough money in this game to start preparing for this in order to prevent it from going to waste.
If you haven't planned around this, or even thought about it yet, I recommend investigating the few options below:
1) Include all your wallets and passwords/seeds in your will. Make sure you include instructions on how to access your funds as well as giving these to someone not familiar with crypto will be just as useless as not even including them in your will.
2) Along with the will, teach the closest person in your life how to access your funds. Whether this is your significant other, family member, or really close friend, make sure someone understands how to access a wallet and transfer/sell the funds. Just like how you should be researching projects before you invest in it, make sure you choose who you share your secrets with carefully.
3) Take a look at Safe Haven. Safe Haven is building an Inheritance Platform that will allow you to do everything above, but with a legal entity that understands crypto and will make sure your funds get in the right hands. Not only will you reassured that your funds are secured and inheritable, but you will also be increasing the adoption of crypto yourself, outside of just investing into it.
So no matter what you are invested in, if it is a large amount of money, I recommend you begin thinking about the future. Crypto is very complex and requires a lot of time to make it fully inheritable, so please make sure you take the appropriate safeguards and steps in doing this correctly.
This will be the bright idea if you are stocking huge amount of money in crypto currencies so your money will not be burned and the rest of your family can still use it.
But I'm sure that only few are doing this as others are confident that they can still live a long life. It will be best if they will consider this option as we cannot predict what will happen to us in every seconds that will come.
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