Topic: What happens with my crypto when I die? - page 20. (Read 3042 times)

We all die. When we will die, we do not know. However, we need to put certain measures in place to make sure we can pass on to another person, the coins we have in our wallet, whether hot or cold. It s imperative that the needful be done before it happens. Think out carefully a plan.

unless you give other peoples such as family or relatives your private keys or passwords or any other your wallet informations, your wallet will sit remain.
No one can move your balance, even the bitcoin dev. Therefore, you must backup your wallet information in some place and let your family members know about it.

funny u planing on die-ing any time soon lol. but i think there's an online wallet i mean thats why we got it. or you intrust your private key to someone close to you or your next of kin. so he/she continues from were you stopped with the success. the only way u'll become successor is by helping someone. so if u feel like dieing?help someone

I think the solution is let our trusted family knowing our wallet and share our private key. Its really wasting time if we dont have heritage to our family and our family can not touch our assets after we die

It will be not accessible forever when you die, unless you trained a person or any member of the family how to access it. Just leave an instruction together with your private detailing how to access it. Be sure also you have a phycical copy of it written on paper and laminate as another backup.  

Just inform your family and educate them about crypto and how it works. Let them know how to encash it, tell them where to find the private keys and how to encash them incase you die.

If you feel like you're already dying, you should atleast tell a very trustworthy person of yours your pin in wallet so that he could have access to those riches, since you wont be able to use them anymore, think of it as an act of help because if nobody knows your pin, then its like you failed to leave a legacy.

In the event that your relatives realize that you are putting resources into a cryptographic money, take mind ahead of time to give them access to your wallet, generally your sepulcher will basically sink into the chasm after your demise.

Backup methods will need a lot of changes in the technology itself. This is a trustless system, which needs the intervention of the person holding bitcoins.In case a holder of bitcoin wallet dies, i think his/her bitcoin will still be in the system but no one can assess it. Making his/her asset lost .

The hardest part of crypto currency is listing of pin and crypto wallet information.for you to avoid such and watching all your hard earn coins waste while in the grave let a reliable member of your family have access to your wallet thanks.

I think it will be given to your family or your wife. Or it can be hold. What happens when you die the tokens in the unfortunate event of death you could wroght down a will with instructions.

Many will change after you die so crypto would be better if you die and crypto is also very popular in all countries and crypto will also be the first virtual asset

I think the banks and law firms can come together to form a unit where matters of financial confidentiality could be discussed and kept, because if there was such in existence you can instruct them to cash whatever you have saved be it in bitcoin, a house you've hid from family or any valuable item and then give the cash to the family or the person you want outside your main will.

if you don't trust other people and share you BTC with someone then why do you care what will happen to your Bitcoins when you will be dead in the first place?
Maybe I am selfish, but my coffin won't have pockets to keep bitcoins there, I have no intention to take them to the grave.

Bitcoin offers a unique challenge upon death. Since bitcoins only exist in virtual form and are encrypted by their very nature, they are extremely secure. Each bitcoin owner has a private password, or key, that allows secure access to the bitcoins stored in their digital wallet. Unfortunately, there is no method of retrieving this private key for a potential heir because there is no central authority that tracks the private keys.

If you pass away without leaving anyone the private key, your bitcoins effectively become inaccessible to anyone. Similarly, if you leave your private key behind without a clear explanation of what it is and how to use it, your bitcoins are likely to stay lost. It's similar to a key to a safety deposit box without any indicator of where the box is located -- except that a bank will eventually clear out a safety deposit box to reclaim the space.

Nobody would ever "clear out" old bitcoins to retain space if they could, because there's no incentive to do so. The genius of bitcoin is that the algorithm that creates them inherently limits the supply -- so when bitcoins are lost, the remaining supply in circulation become a bit more valuable through scarcity.

How do you make sure that your bitcoins are properly passed on? The simplest way is to make sure that your heirs are aware of your bitcoin account and that you either trust them with the private key now, or store the private key in a suitably secure location such as a safety deposit box. You can store the key on a flash drive or use a good old-fashioned piece of paper.

Will its depend on how you manage your wallet. Because if you back up it a store at a safe place it will be good if you tell your wife or husband on it. Because we dont know about the future so it will be good if we are ready

As of now I am sharing my bitcoin accounts to my husband. I make sure he knew everything about my account. If ever something happened to me atleast he have access my accounts and special he knows were I keep my coins.

If you will die your crypto is still there, will still there in your digital wallet or crypto wallet. If there is someone who know your password in your digital wallet maybe he or she will use your crypto to increase and not to decrease. While you are living , enjoy your life don't think that what happen in your crypto if you buy. Think what will happen to your family, if you die. Whatever happen, family is the treasure that no one can get from you.

if you want to pass someone your bitcoins inherited, make sure that relatives get access to your money after your death. a lot of bitcoins were lost because of losing the password from the purses or just after the death of the owner.

I think. Let you resolve your will and resolve your crypto-currency resources. It is based on smart agreements. Smart agreements control the fulfillment of your will. Not the problem