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Topic: What happens with my crypto when I die? - page 11. (Read 3042 times)

sr. member
Activity: 371
Merit: 250
It's simple! Just have your private keys printed and kept buried somewhere and then you leave a clue in your will to guide them find it. I don't think you should keep your private keys to the extent that you loose all that value when you are no more.
The amount of bitcoin you have is your property, when  you die what happen you your? you property transferred from you to your family, similarly the bitcoin you have is your property and therefore your family has the right to take it, but for that you need to keep your private key, your  password and other important things with you.
member
Activity: 182
Merit: 10
In this case it's so hard to tell your info even to your family.. Because money is making people greed.. I think the only one person that you can share your info is to your mother or father.. But in this era our parents dont know how to use it..
member
Activity: 140
Merit: 22
Your crypto will exist eventhough you died. Unless there is someone that you trusted to access you crypto. If not, it just becamd a ghost money.
full member
Activity: 364
Merit: 100
to avoid such things we have to back up important data about the cyrpto currency we have, so that when we die it will be inherited to people who are entitled to our heirs such as wife and children
full member
Activity: 299
Merit: 100
if you do not leave data to your relatives, nothing will happen. Your crypto currency will remain on your wallet, and no one can use it. so if you want to be of use to them after your death, give the relatives the wallet data.
legendary
Activity: 1540
Merit: 1029
Similar to those who have done some infamous "midnight gardening" and forgot to tell their loved ones before they passed on. It is lost.
full member
Activity: 591
Merit: 100
WATANABE
Your virtual money will always be there until the internet network can not be used in this world again even though you have died it will be stored safely and can not be used if you do not provide important information about the virtual currency.
newbie
Activity: 58
Merit: 0
when i die the crypto is still alive for me only the crypto will be forever.
full member
Activity: 192
Merit: 100
I think all of us should backup our password to other people we trusted, otherwise we may lost our money if we suffer an accident, because private key is everything in crypto world
full member
Activity: 406
Merit: 100
Your crypto will live forever, or at least until the last miner turn off his computer. Your cryptocurrencies are still in the internet but it depends on you if you have person that will inherit your bitcoin like someone that you really trust so if you did that then your bitcoins will not just die and it will continue its life from a new bitcoin user which is the person that you trusted to inherit your bitcoin. Or I can say the best solution is keep your wallet details safe and pass it on to your family members or offspring so they can have access to it if death occurs anytime sooner or later.
member
Activity: 322
Merit: 10
For me i figure you can utilizing on the web wallet for it, since individuals who you give your private/mystery information like email address, secret word and private key of you wallet can get to it.his deposit box will only be opened when you are gone, that way you get to pass your cryptos to the next of kin, or else they will lay idle i your wallet forever.
sr. member
Activity: 812
Merit: 251
It's simple! Just have your private keys printed and kept buried somewhere and then you leave a clue in your will to guide them find it. I don't think you should keep your private keys to the extent that you loose all that value when you are no more.
member
Activity: 476
Merit: 10
Student Coin
I think it will gone too,unless you have heritage by your own relatives ,and if you do that it will give to them a useful and very helpful things,but make sure that if you gave your private things ,it will be eligible to handle your own things.
sr. member
Activity: 1638
Merit: 251
Hexhash.xyz
Nothing will happening. Your balance of crypto will be remain on your wallet. Unless there are peoples who know your wallet private key,
have your wallet file and password. If you have a massive amount of cryptocurrency, i suggest you to backup your wallet and give to your family.
Or give it to the peoples who close to you like relatives. So your massive balance will be keep circulating in the supply.
jr. member
Activity: 132
Merit: 1
Silly question right? Smiley
Unless there is a backup method or heritage system it obviously vanishes for eternity, but the point was to discover methods that you are aware for avoiding such risks.

Well, it's not a risk, it's a certainty, but there are other risks of losing access to the crypto account aswell.
Some like:
* death... obviously
* house burns down along with hard wallet
* one can accidently loose his cold storage or hard wallet
* maybe other you figure out and I add them

So, what storage do you use to ensure your savings, or what do you think would be the best solution to overcome these risks?


UPDATE: I started this discusion because I can't see a decentralized solution for that, most of the centralized ones are largely known (wills at layers, online wallets and so on) but do not meet the security criteria as still imply a trusted party. Better simply handover the private key directly to the inheritant IMO.

What I want to determine is if it IS realy a concern for the comunity or not, and if yes than we can contribute all together to the creation of a such product. But again I realy do think it should be built decentralized and trustless.



I love this question and it will help many investors think of ways to make their children or anyone they wish to take over their CRYPTO properties after they died.. My opinion, it is good to have all information about your Bitcoin assets on a written paper and keep it safe as document, you can as well update anytime you have additional information.
newbie
Activity: 46
Merit: 0
We do not have to do anything and if the cost of your borrowing becomes great for a few years, it will be better to keep all my wallet information when it is found by our family or you can make money in their way, you can tell them not to work. thank you
full member
Activity: 381
Merit: 100
PRiVCY
Actually, death and some inevitable incidence like fire, water logged or flood and so many others could lead to entire loss of ones Cryptos. To me, other than my cold or hard wallet like ledger Nano S when huge amount of coins are involved can be trusted in the hands of one's will solicitor[lawyer.] You only give the back up copy and be rest assured your coins are be-withed in to the hands of your heir even after your demise.
newbie
Activity: 7
Merit: 0
It's a part of your estate.
You need to will it.
full member
Activity: 397
Merit: 100
Simple answer to this question is that all your coins will be wasted and will be of no use, so the best way is to share your wallet key with your family member or the people whom you can trust blindly.All  the coins are present in the wallet and private key of that wallet is only known to us,in order to access the wallet we should know the private key,so if we want that our coins should not get wasted after we died, we should share the key with some trust worthy person.
sr. member
Activity: 574
Merit: 256
If you will be dead then all your coins will be wasted.This is because your coins are stored in some online wallets which are only accessed with the help of a private key which only you know.So when you will be dead no other person will be able to access that wallets and all your money will be wasted.So in order to prevent this situation you should share your key with a person whom you trust so that he/she can use it after your death.You can keep a regualr check on your money so that the person with whom you have shared your key should not misuse your money.
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