Topic: If You Died Tomorrow, What Would Happen To Your Crypto? - page 12. (Read 2595 times)

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.

Very well said, why would you do it? well think about your sacrifices and effort just to earn it and you'll let it go? can't blame you since we have different perspective but you have to understand that somehow it is still valuable and worth it. Some of my family members doesn't have enough understanding about crypto, i'm lucky to have my brother who have a bit of knowledge and I know that he can help them to research and learn about it.

I'd highly recommend against this! Just because none of your friends or relatives don't know anything about crypto doesn't mean that you should just let your investments go to waste! If anything, write an instructional guide and share it with your family. Tell them they don't need to know what to do know, but if the time comes, then they need to follow the instructions step-by-step in order to access your funds!

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.

Nobody from my friends or relatives has an opinion of how to use crypto currencies, so I would probably suggest that no one would have access to my crypto at the end. Hopefully, nothing happens, or I would probably start learning girlfriend how to use MEW.

Sounds easy though. I will just include my personal note book that contains all my crypto activities in my will

I do not know much about Safe Haven but giving cryptocurrency to the third party is pretty dangerous, I think. Or how it works? There is no exact informations how it will work.
But as soon as possible we need to solve such questions to attract more people to invest into cryptocurrencies.  

I told my parents and my girlfriend passwords and all the necessary things to gain access to cryptocurrencies if anything happened to me, hope that this will not happen, but it would be a big mistake not to think about it.

I know that some smart contract solution is a much more elegant solution, but they are not ready to have own wallets.