Topic: What happens to your Bitcoin when you Die? - page 6. (Read 5122 times)

If we will die then our all BTC's will be wasted until and unless someone else knows the key to our wallet.This is because Bitcoin's are stored in online wallets which are only accessed with the help of a private key which only we knows.If we will die then no one else will be able to access our wallet and automatically our all earnings will become a waste.If we don't want our money to be wasted then we have to tell some other person who is close to us and to whom we can trust about the key to our wallet.We have no other choice.We can give the key to our closed ones and can keep a regular check on our  money so that the other person does not misuses our money.This is the only way our money can be brought into proper use even if we die.

There is an option for Altcoin Extension to the Ethereum Wallet, allowing assets transfer to the back up wallet in the case of the user's inactivity for a certain period of time: https://mywish.io

Bitcoin will leave with me, unless of course relatives will understand in my records)

 "What happens to bitcoin when you die?"
Good question. What's certain is that, you can't bring it with you in the afterlife. So can someone inherit it or will it just stay there unknown forever? The former is a better option and is true, as well. Someone, like your sons or daughters, can inherit your invested bitcoin which took you blood, sweat, and tears to invest and grow. It just takes something very vital–planning. Planning, based on our previous subject in college, is the first step in management. You have to plan very well your next step so that everything will fall perfectly into place. You have to plan on how you will give your bitcoin to your heir or heiress.

There are actually two keys in order to access the virtual wallet where bitcoin is stored: the "public key" and the "private key". The former is visible to anyone as an address for receiving the cryptocurrency. The latter is a separate key that allows the user or the owner to access the wallet's content.

Bitcoin, a virtual form of money, is protected by unbreakable cryptography. It is a good thing since you are secured but the downside is when you die and you weren't able to pass your private key on which will cause a huge problem to your loved ones whether they know about it or not.

To prevent such cases, the owner simply has to ensure that his/her chosen heir/heiress gets a copy of his/her private key. He/she can right it down or even store it in a flashdrive, or entrust it in commercial service which manages them.

My girlfriend knows where I put my private keys and she knows the list of my wallet adress she can sinply tell my sisters about it so that they can have it. I don’t need to inform them about crypto since they are also investors so for sure they know what they should with mine.

Ask the moderator if they have last will and testament here....
Maybe they have plan for your bitcoin or on your account when they know that a member dies and his family doesn't know about his accounts

definitely btc will disappear, and nobody can open it .. unless we pass on to our child or brother. Then bitcoin can be used

After my death, my younger brother will continue to work on my Bitcoin. Because my brother is already starting to work with me on Bitcoin. Besides, I have given him a clear understanding of all my wallets and told him all the passwords and the password. Slowly introduce all the Bitcoin's forums. I see he is working with these curiosity very much.

better prepare a will before dying is my great guess.

I never thought in something like that ... interesting topic I need to teach my family about it so they can still use it in case I can't anymore , again thanks for the idea  .

I will try to teach my relatives to go right to the wallet. Little things that can happen.

I don’t actually know that what would happen to my possessions when I would die. But all that I wish is my coins should be traced back safely to my family members because in this way I could become supportive for them even after my death. But the reality is that they are going to get into the normal circulation of assets and no one from my relatives is ever going to get the trace of them.

If I die, my bitcoin will be handed to one of my family whom I really trust my bitcoin account for them. Maybe its my father or my mother but it is better if they will know it earlier so they will not be shocked if I will hand it over to one of them my account so they will know how it can help their life to live in a ggoodway and to have a better living in the future.

Well, before I got here my little sister always asked me the same question over and over. What if i may die, what will happen to my bitcoins? I told why asking such question every time when she's around? She told me, she wants to take care of my bitcoin when i'm not around I said to her that's funny for a little girl like you. But finally, I taught my younger brother how to access my wallet in case when i'm gone.  

I see many people still do not realize that it is never too early to think about it.
You can not be sure about anything here, for example accidental death does not depend on your age and surely will never check your plans for life...
My fellows who have gone were also too young to think about death. So their families were not prepared for that and had serious problems...

If I do not give anyone my secret key and such information, it will still remain in my account. On the other hand, if I give information about the keys to my wife, children or family members, they can use it for their lives.

My family already knew what my account is, and how to access it incase I will die. Your bitcoin is so useless when you die and nobody knows how to access your account because you cant bring anything into heaven. If I would die, I want my family to use it inorder for them to still gain income even without me. Bitcoin is a big help for me and I trust its capability to help people.

I think it might have stopped or was waiting for someone to use it to grow your torture but I'm going to avoid it so it's not a pleasure to have all your hard work can help your family with the world of crypto currencies all you know you have to teach them and it's important that they learn to be unhappy with everything without even going to your bitcoin through your family.

I've been thinking so far if I die bitcoin that I have will be taken over by my children or my family I have taught all about bitcoin to my children and my family so that when I die they no longer need to learn about bitcoin. and I have also submitted all my bircoin key keys to my children.

Seriously one of the best question or opinion I seen in bitcointalk thread even I thought about this now atleast I am planning to teach my family about cryptocurrency or handover my small crypto earning to my family.