What happens to your Bitcoin when you Die? - page 35.

Lewoll

member

Activity: 196

Merit: 14

I don't think sMerit harvesting is a serious crime

Quote from: Puppey on December 30, 2017, 07:45:21 AM

ill burry it with me Grin

im not going to give any clue to anyone on how they will get my btc

Lol, are you insane? What about your family? Have you ever think what will happen to your family without you? unless maybe if you have not enough Bitcoin or Altcoin assets so giving them your wallet keys isn't important anymore.

Puppey

newbie

Activity: 35

Merit: 0

ill burry it with me Grin

im not going to give any clue to anyone on how they will get my btc

bulldogtattoo

newbie

Activity: 54

Merit: 0

Quote from: wanderloy on November 27, 2017, 03:50:32 PM

Quote from: Proxii inc on November 27, 2017, 03:46:01 PM

Quote from: Lewoll on November 27, 2017, 02:23:23 PM

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...

I believe a good thing to do is to store Big amount of BTC in a cold storage wallet like the Ledger nano s or a paper wallet and put it in a safe. Then you can put the pin code of the ledger in your will, and the place where the wallet is stored.

Nice plan, instead of trusting them while you're alive - you'll gonna have to put it together in your last will of testament to protect your keys while you're alive.
Bitcoin is indeed a valuable digital asset today so it is not advisable to bring it us when we die, someone in your family only could use it just in case.

Yeah, you protect your keys while you're alive and your family members can have access to your BTC only after your die) By the way, what cold storage wallet is more reliable and how does it work?

Ekimzjames20

member

Activity: 348

Merit: 10

When im lost my wife and sons replace me because when that time comes they know about it. I teach my family so that they will continue it.

Bancia3210

newbie

Activity: 41

Merit: 0

in case if you die it should send it to the family member and also it is wise to let your family know about your bitcoin information and one of you member should know the password of your account

ttlnnt

full member

Activity: 145

Merit: 100

Quote from: Lewoll on November 27, 2017, 02:42:47 PM

Quote from: soham on November 27, 2017, 02:35:48 PM

Well, if you have a substantial amounts of bitcoins which can effect your heirs life in a positive way, I will recommend you to add it to your will. Don't mention the private key to your will, instead store the details of your bitcoin wallet in a secure location in your laptop or PC or in a piece of paper and mention that location details to your will, so that your heirs can find it after your death.

Else, have some faith on your wife and tell her everything about your bitcoins. Let her know how to access it and ask her to distribute it among your children after your death. But if you are holding a very small amount, then it's not worth having the bitcoin details included in your will.

I think no need to make a will of testament just to remind them about your Bitcoin or Cryptocurrency wealth. Your wife or your closest sibling will be the best person to entrust all your digital wealth because nobody knows what will happen. If we die they can still use our digital wealth.
That's the best thing, introduce Bitcoin and Crypto-Currency and Blockchain technology to your family in order to remind them that if one of the family member is gone then they can still access your assets.

Even i think the same! What's the need of mentioning it in your will or Testament. One can simply inform a trustworthy peer or relative about the earned wealth. Actually this is a prudent and a rational decision. Because you never know when life takes a toll on you. So it's better if you have saved through this medium do keep some reliable person informed about this. What good is your wealth if it couldn't serve your loved ones!!

It's as simple as that. That concerned person may act as your heir or a nominee at the time of your death and would be able to utilize your funds instead of them getting wasted.

flower1024

legendary

Activity: 1428

Merit: 1000

Quote from: The Matrix on December 29, 2017, 03:40:06 PM

I educate my son as we go along in the crypto market and teach him all the things he needs to know. I also keep a handwrtitten record og all usernames and passwords which is kept and hidden in a secret place he also knows and I just told him to look there in case I die.

What you did is actually right, any of our family members must know our all information regarding savings. Because nobody knows when we will die especially if we are young. In my case, my brother knows all information about my accounts username and password like that I know his information.

Chandler32

jr. member

Activity: 85

Merit: 1

luckily it's not that hard to access wallets in smart phones. My wife already knows my password just in case. Sadly, my spending is also well traced. xD

louisedem

member

Activity: 126

Merit: 10

Quote from: Lewoll on November 27, 2017, 02:23:23 PM

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...

Well, I still do not see myself dying but I am prepared that whenever that thing will happen, I have already taught my mother, and younger sister on how they will get in touch or have an access with my phone to get into my crypto wallet and what they need to do to make the money I have left be useful for them whenever I will die in any type of accident. I am assured that my Bitcoins were safe with my family so I am not afraid and worried about my bitcoin holdings if ever I will be caught into trouble just something like that.

hirokazu

sr. member

Activity: 672

Merit: 251

Most of what happens is bitcoin that goes into the family, because usually someone shares knowledge with their family. Although they do not deliver it directly, but there must be a backup file somewhere on the computer.

The Matrix

jr. member

Activity: 270

Merit: 1

I educate my son as we go along in the crypto market and teach him all the things he needs to know. I also keep a handwrtitten record og all usernames and passwords which is kept and hidden in a secret place he also knows and I just told him to look there in case I die.

icoprofits

newbie

Activity: 266

Merit: 0

when ever i create bitcoin wallets i write down offline copy of bitcon wallet details so if anything happen to me my family can get access

senin

full member

Activity: 938

Merit: 137

If someone dies and does not dedicate anyone to the cipher of their private key from a purse with crypto currency, this amount in digital currency will forever remain in the encrypted form of the Blockchein block chain. In order for this not to happen, it is necessary to take care beforehand that some of the relatives or close friends are devoted to the basics of crypto-currency and have backup copies of access to the crypto currency or otherwise had access to it.

teejayrichard2

member

Activity: 574

Merit: 12

When you die without saving your wallet details for someone or heir to get access to,then you BTC is gone forever. Without your details you can't claim your BTC. You can save them up somewhere or even include it in your will, that way your family or heir can get access to your btc incase of death.

ucok_aball

full member

Activity: 504

Merit: 107

👨‍👩‍👧‍&#

I teach my family how bitcoin works, how to get it so as not to go wrong to something scam
and then my family can be with me to keep learning and growing to understand how bitcoin it is

Bryan13

member

Activity: 127

Merit: 10

My bitcoin will always be there and will not end, even if i die. So i taught my wife how im doing to my bitcoin, so when i die, she knows how to open or use my btc account.

dupee419

sr. member

Activity: 1344

Merit: 261

Quote from: Lewoll on November 27, 2017, 02:23:23 PM

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...

This is my opinion if i die all of my bitcoin in my online wallet will go to my parent's because i'm only 16 years old and i don't have a family a children's and wifi so when that happens i can give my private key and password to my parent only so they can access and use my remaining bitcoin and i know it's not gonna happen because i'm always in our house always eating foods and watching tv and i'm still to young to die

coinnumber

jr. member

Activity: 504

Merit: 5

If I die definitely my family will inherit all my digital assets because I will try and make sure I disclose all my keys in a place where they can easily access them or to my siblings or my first child. I will make sure it's not strange to them they will even have their own account on bitcoin.

Ultimist

full member

Activity: 812

Merit: 102

My son will grow up - will understand with the fact that my dad had for the wallets. By that time bitcoin will continue to rise. Well, or the next statistic in a forgotten bitcoin or some people will pick up the password to it. In any case, after die, me is not going to care.

hndrk10

member

Activity: 224

Merit: 11

Sharpay - Share Button with Blockchain Profit

Quote from: Lewoll on November 27, 2017, 02:23:23 PM

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...

I already set things up. My fiancee knows about the passwords and everything if anything happens with me. Other than that, it is what it is.

Topic: What happens to your Bitcoin when you Die? - page 35. (Read 5108 times)