Topic: What happens with my crypto when I die? - page 16. (Read 2980 times)
as far as only you know the key to your wallet your crypto cannot be open anymore, in any word, your crypto will die too
we can give the password and security bitcoin that we have so bitcoin that we have can be utilized by our brother when we die later
Then you crypto too die with you since no one hold your private key or other login details on any exchanges you are having coins
The best way I know is to explain family members about Bitcoin and give them a basic idea of what Bitcoin is and how Bitcoin transactions work. You can tell him the reason you are doing it, such as passing on to your kids when you have an accident, or other problems.
If you die your crypto would be waste, if I were you if you have siblings son/daugther probably teach him/ her all your knowlegde in crypto by doing this your crypto still live.
I think you know what will happen to your cryptocurrency when you die. Obviously, it will be trash like a garbage. It can be burn or it can be just like throw it away. Best thing to do is trust someone to do your cryptocurrency. Let them know the basics and tell them to be knowledgeable about bitcoin.
When someone dies, no one knows what will happen to those who's alive. But, as what I've observed in bitcoin I know it will last forever. So that I will help my family by telling them about bitcoin and convince them to participate on it.
I fully agree with you, because if you think about it well, there are great chances of high incomes, which can not but rejoice.
basically like launching your bitcoin wallet into deep space never to be found again unless you have a contingency plan set in place to recover funds
Death brings an end to whatsoever we owned. Cryto Assets or whatever. What can happen while still alive is to ensure you have a backup to all your assets. The back up should be safe in a place you know incident of fire, theft, could not affect it, could be in your mail, engrave somewhere or kept in fireproof safe.
the decision of what will happen to ones crypto earnings depends solely on one. Because, you alone know your private key for instance. Death is inevitable. If you have a trusted partner, child that you feel safe letting them have access to your wallets, do it. This is just to avoid lots of tokens/coins you got in your possession going to waste. Many people have walked this path. Leaving untraceable large amounts of cryptocurrencies
Well, if you die and your crpyto currency wallet password is only known by yourself then, it will remain in it as it is. Better that if you have a family and they are interested also to crypto, better tell them you passwords and tech them even the basics. So that, your effort to gain the money for your family will not put into waste.
It will not be a leftover because it will not decay , if you son or daughters that are really interested in crypto , you can teach them and then ,give your secret passwords and keys to your son or daughter you entrusted before you die, try to educate them before they go into cryptos so that they take interest in bitcoin and your bitcoin will continue to run for the future, so encourage your immediate family to learn and know about bitcoin activities.
I think you should leave your will, all wallet information so that your family can use it for password encryption. Otherwise, your property will not be able to get your family to die suddenly
Its better to teach your family and your partner in crypto currency or bitcoin., so whenever you die theres a kin in all of you token that you hold..
There is no option to make a nominee for your crypto investments. You will have to share the passwords with at least one person.
My wife and my daughter are fully involved in crypto and they are doing it very well,if I die,they will contributions with my own.
I want it to let my family know my hardware wallet and private key and they just know it and just in case I'm gone they know what to do
When you die it will stuck it into your wallet and no one know it unless you give your private to brother/sister or wife.
Preparing things like password , mnemonic phrases , login keys and other wallet information and login keys into different site must be written down and kept safe for the future family use once i died .I think it should be the anticipation you make to be given to the heirs who will manage the crypto you have if one day you will experience death.
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