Bitcoin Forum

Have you ever wondered what will happen to your cryptocurrency when you die, for those holding huge funds, what have you put in place to make sure your kids or family benefit from your crypto savings.
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?

Well IO hope that tokens are decentralised to heaven and hell - this would be decentralisation in it's essence!

well, if you leave somewhere the private keys for the wallet then it's no different than any other money

Such wallets and the coins stored in it will be considered as burnt as no one will be able to access them if the original owner dies, i think if you have decent some of investment and holding a portfolio of coins then you should definitely share the private key with your closest and trust worthy person so that after your death they can use it.

I think anybody that is holding huge fund in crypto should have next of kin in place because death is inevitable. Therefore I don't see anything wrong in giving out private key to next of kin before death.

You keep the private key, only you can use that Crypto number! If you die without leaving a Private key, Crypto will not follow you, but no one will ever be able to use it.

Write your privat keys and exchange's logins and password's on a couple pieces of papers and hide them in some secret and  secure places.Explain to your family what crypto is and show how to do transactions. When you get strong feelings that the death is somewhere around ,tell to your family where you keep the papers.

Put it in your testament, or at least directions how to get info about access. nothing more than RL solutions that we already have

But let's not forget the fact that death is not something we can predict, but it's something that is bound to happen, incase of unforseen circumstances like accident, for example the xrp investor who turned $1million investments into billions of us dollars, US billionaire Matthew Mellon.
He made a fortune, now if the family can't get access to his wallet, this means billion of $, will be lying low in series of wallet, what a waste.

It's difficult to trust anyone, even your own family.  If you give them the private key before your dead they can spend your funds without your permission. 

Well aside from trusting someone with your bitcoin, Altcoins, and tokens, I really think making the last will is a good thing to really do to let yo ensure that your save up cryptocurrency will be known to your loved ones and I really think that a tutorial is needed for those token that needs to be sold at a higher price, But I really think getting an attorney that is trustworthy with your things is needed, Well this is just my opinion to let your family known about your saved bitcoin.

All I have to do as a serious member of cryptocurrency business is to spend much time teaching my family to enjoy what cryptocurrency really is and have a full trust in cryptocurrency.

Lol, it's a good question indeed. There is no way of recovering those unless you leave some data. However, people should share info whom he/she believes the most. Like, my girlfriend, I believe her the most and I told her everything.

It will be difficult to implement in practice. In order for the family to be able to use your coins and tokens after death, they need to know how to use them, and this is a rather large amount of knowledge. Most likely, they will be forced to seek help from other people. And this, again, is a matter of trust.

lol that works until your girlfriend decides to leave you and take your crypto.  A lot of people are real sociopaths that who do and say anything just to get money.

using crypto will be easy as we do have internet now. The matter is, whether he/she will get enough time to tell everything in details. I have a feeling that lots of bitcoin have been vanished only because of such issues.

Life and death is a rhetorical question. I've noticed that people think about death and life come to middle age. Since no one is insured against an accident. I believe that storing keys and passwords for your loved ones is a good idea. Because we stay in our children. We need to leave them their savings and labor. To they were not in vain.

Your question is a good reason to start now a little to acquaint your close people with cryptocurrencies and to explain to them what the wallet and private keys are.

well for me, if I die and I have a lot of crypto before that
every private key + password for all my holding will be saved on my PC and Hard Disk.
With an explanation about how to send the balance

Have you started saving those information in details, cus I believe you cannot save all those details in one day, am sure you have some crypto, even if it's not much today but it could be worth a fortune tomorrow, cus when one will be in seek bed, there will be so much to worry about and you might even forget so many things.

An interesting question. It's a problem, because as you said, only the dead owner has the access to the private key. One solution could be a timer, which demands a user to somehow refresh his wallet yearly or monthly (if it has substantial funds) in order to have further access to it. If he can't do it, he is presumably dead and the private key goes through the blockchain to the entitled person (the delivery of it is problematic), that he specified upon wallet creation. Sure, there are problems with kidnapping or being stranded on a lonely island, lol. But at least funds go to the person, that you trust the most.

Damn! That's a breathtaking question from OP. You just hit the nail on the head. In recent times, I've been thinking about life lately and I just realized should something happen to me in the next future (God forbid, by the way) that, how would my family have access to personal and exchange wallets? I wish there's somewhere I can store a self triggered note with all my private keys and password.

Your idea is quite nice, but you have said it all, because everything that has advantage comes with disadvantage as well, just like in insurance company where people would wanna cheat the company when they pledge life insurance, someone can just plot your kidnap and after time exult he/she gets all your funds lol.

Knock tattoos with private keys on your body. This will help relatives to access your wallets.

You can provide private keys to access the wallet of the person you trust, such as a wife and you can make a secret document or and elfish when you will die later. Indeed, if someone does not have a private key to access a wallet, then the cryptocurrency in the wallet can never be taken. The decentralized system in cryptocurrency was designed as such, the system gives full rights to people those who use it, in contrast to centralized systems such as banks, they trust a party to manage other people's assets.

Well, this is a situation I have not imagined yet  ;D. I am totally sure there is always a way to keep your private keys for your kids etc. Leave it in your last will and there will be no problem. On the other hand, there are circumstances which cause a surprising death of a person. Therefore I would advise telling your family members "hey, you know, if something crazy happens, you can always find a solution in this box." It is an empty space on the market from which has no one came with a solution yet. We never know what is waiting for us tomorrow and we should be prepared even for this scenario.

And then it can be considered as a lost coin. remember no one can access it and that means the amounts of token will always in that wallet. this case has already happened with bitcoin. It will decrease the total supply of bitcoin because any lost coin with various reasons can't be opened again.

Do you need to worry about it now? Yes. So do something now. Invest with caution and give your family copies using Shamir Secret Sharing or some web of trust protocol.

I did not think about it, but still my best friend is also engaged in crypto-currencies and he understands this no worse than me, so if I die, he will be able to withdraw money and give it to my family.

If the owner of the wallet is no more or he lost his private key to the wallet means then the funds will stuck into that wallet forever since it is impossible to retrie the informations from the blockchain network so it is important to save our private kets in the manual format and let our family members to access it when we died.

Nothing will happen, the coin will be at the wallet forever and it become useless because no one can use it.

Pretty obvious, it will stay on that wallet forever, as long as therei s no one knows that persons private key it will remain untouchable.but for me this kind of idea is un necessary, because i all i want to do is to make money for my family needs, and when the time come for me to rest forever, i will tell to my wife all the information about it before i die, all informations from the start for her to understand easily this crypto and she can get my money outside crypto, or if she wants to continue my journey.

in other words no one can access it other than the wallet developer.
yes, that's what will happen. but it is very small in probability, so crypto or altcoin will never move again from the wallet.

I had anticipated this by storing all the data such as the wallet address and private key into the flash disk and printing it into a paper. I have saved all the exchange account data there and this has been prepared if one day I experience something bad.

I have too always wondered about that. Unlike other asset and cash, it's invisible and no one would be there to look for the owner. Its something like buried treasure, if you didn't properly shared where you hid it, it would be lost forever. And unlike treasures no one would able to find it by any luck.
Saying so, a large amount of bitcoin and crypto are already lost by losing it's owner and it would be best to share your knowledge of funds to your immediate relatives or partners.

Unless there's a documentation of those private keys and phrases, those coins/tokens are as good as gone. I am not sure but I think there's a project that's planning to deal with this kind of situation.

If it's a lightweight wallet, then the relatives of the dead can definitely get it, right? These relatives only need to know the payment password. If there is no light wallet and no private key, then these assets may be equivalent to being frozen. Until one day, someone can open this wallet, or it will always exist. Everyone can see it, but can't move it.

I remember in 2017 I saw ico, which solved this problem, but they did not collect enough money.

That is similar to putting your money in the bank without someone knowing it. If you accidentally died then those crypto that you are holding will be stock in your wallet. If just in case in the near future I will be holding a lot of crypto's then i will make a letter like last will of testament for my family to inherit it.

You know most exchange site and wallet has put in so much security measures just to secure our wallet from preying eyes. From phone verification, to email, to pk, to 2fa and even recovery questions and all, some of us use like all security measures, I think cases like this it's gonna be very difficult to share details to even family.

Very interesting question.I think very few people thought about it.Perhaps should leave a will with the password to the wallet.

I think as long as there are still requests and offers for crypto, then of course cryptocurrency will never disappear, it's just possible the volume of the market will be reduced, but they are still there

In my own case I do enlighten my junior sister about Cryptocurrency and how it works besides no one is dying now. And in turn have not gotten a family yet but at this stage I just put my closest person in our family in front.

This is a very realistic topic discussion wherein as a crypto investor where you have a crypto investment, the best thing to do while you are still alive is you should have to teach your children or your sibling about your crypto investment. In the event where death happens to the person, the remaining investment can still be retrieve by the immediate relative of the deceased investor. Considering if no one from the immediate family knows about it, then definitely the investment will remain in the wallet of the deceased.

Obviously no one will ever to gain back those assets when the real owner died without giving such informations to their family/relatives, as crypto was designed to be our self holding funds, its a bank where the owner itself is the carrier, without any ideas about the security keys there's nothing left for
the relatives to encash if there's assets which been stored to the wallets.

The best thing to do is to make your close family know about crypto and put your private key as a will and keep in a save safe with pass code that can only be access when you're dead the give the code to you're next of kin before you pass on

Well crypto can be passed on to generations. Everyone can use it very well. Anyone can have command over it within some days of understanding. Coins like PRG, ICX and LISK are really great to invest in.

It will stay into blockchain.
Once a person died holding so many tokens and he/she didn't make a move for that to have the family left.
it will stay in the blockchain and remain forever.
that is what cryptocurrency is, unlike in banks it can be claim by your family as it has no private keys and well documented.

If the holder has not handed over the keys during his lifetime, these funds will remain forever on the wallet and the relatives will not be able to get the benefit.
You can make a cryptocurrency will and store for example a flash drive at a notary or use a bank cell.
Sometimes it happens that a person is suddenly mortal, it causes many problems.

I think that crypto will live for long. It will be able to win the market and I will be able to earn good money by investing in coins like btc and ether. I think that we need to believe in crypto now

It'a very interesting question, I asked myself already what will happen with my crypto assets if I die. Now all my passwords and keys are in one box and my husband knows it, he knows passwords to my pc and to my phone. If we both will die, my brother will find a letter with all information he needs to get my crypto.

it reminds me of a story about treasures ... sooner or later they are found, so passwords from your purses will be picked up)

I don't think if there are other crypto wallets that this kind some of feature like if the user is dormant for how many years like 5 years- the token or coins will be burned if there are no other option on whom to entrust your wallet unless you give to trusted person like family member to have acess your private key.

maybe you can practice my method, just backup all important data on your Cryptocurreny assets in an online or offline storage, after you backup the important data, maybe you should now teach your family or children about Cryptocurreny education, after your family understands , you can give that storage place, provided that your asset storage can only be opened after death, look for people who can be trusted in your family environment

Crypto has no insurance so it will be best if you tell your crypto assets to the people you trust, Ex family, wife and any other person you can rely. They can get benifits with it by telling them and if you lie with your asset then a huge loss will came and they would not now the hidden treasure you hide for such a many month years of hodling. So teach them up now and be asset wise and secure for these days.

Yeah, Happen like that way. Even in Bitcoin case also bunch of bitcoin wallets and no one can access it whether owner lost or die  ;D But majorly made backup of their private keys. Like in private dairy or in their system.

Have seen some kind of topics wayback but still this is one good thing to keep on discussing because many of us here have not ready about what will happen to their coins in case of emergency or accidental death early deaths

For me i have told my eldest son and my wife about all my crypto assets ,and have saved paper wallet that can be accessed by my family incase of that situation may come.

We must consider this as one treasure to be reserved for all our love ones and for all our hardworking to have value in time

if indeed no of our family knows our assets in crypto, then the asset is only hidden there and nobody knows. the system should be built for example the reconnect feature to find out if the owner is dead or not. such as KYC resubmit or asset refresh feature. So if the account didn't do anything for 1 year or more, the asset will be go back so people should mine it to get it again

If a man who died doesn't leave his keys to his wallet and explain to his family how to use it, there's nothing they can do. Because no one has access to your funds except you.

Here on the forum has already been a post on this topic. There were various thoughts and options on how to maintain access to their crypto assets after death. There was an option such as open cell in the Bank and left in her own private key and the instructions on how to use it. Access to this cell will be able to get the heirs and therefore use the funds of the deceased.

Quite an interesting thought about storing a private key in the Bank. That's a good idea, I think. In fact, I would prefer to devote all the same in this case one of the loved ones, so they too could understand the cryptocurrency. So that after I die, my family can live a normal life.

That's why we don't have to be greedy at all times, sometimes we share what we have to other because anything we have in this world would be useless if we are going to die, our crypto holding is been left forever and go to waste.

Interesting questions and descriptions about crypto. Supposedly to anticipate this as an heir to the funds in the wallet, it would be better if you tell one of the families you trust. Like insurance that can be inherited. It would be better not to lose funds or crypto stored in your wallet.
Thank's.

I think someone could create a blockchain solution for this. Sort of an electronic deadman switch where if you did not do something to reset it once a month such as login to your account it would trigger and send an email with all your passwords and private keys to a person of your choosing. For me my kids know where to find my private keys and how to use them if I am dead or incapacitated.

I agree with you, the wealth we have will not be taken to the grave after death comes. So it's true what you say that when we live we must share our wealth with others so that our wealth is beneficial. Because if you die, who knows your password to open digital assets? So use your wealth to share with the poor.

I don't have large fund with crypto but its a good amount. I'll entrust it to my parents or whomever I trust with that amount through last will testament or will just simply tell it. I already gave them an hint about where I'm hiding my private keys.

There is one good example for this, this legend.
Bitcoin and me (Hal Finney) (https://bitcointalk.org/index.php?topic=155054.0)

Well perhaps in a will you might have instructions to open a safe that hold private keys. If I were to kick the bucket now... all of my crypto would be gone for good unless someone could log into my computer and then log into my password database and 2FA off my phone for many things. So, I'm sure this sort of thing has happened before and will probably more of a problem in the coming years.

First thing first remind your family about it and place your private key in a safe place then  create more copies  and put it on your wallet as well or bag  which is so easy to find, but make sure your instructions are included , so that your family can manage it properly. 

I think if the wallet no one can access it, the amount of coin still in the wallet and off course reducing circulating supply in market. It really total loss if we dont give a key to our heir or trusted people to access that wallet

I think the supply of bitcoin or any crypto can be stock and not circulated.  They still mine the bitcoin to get much supply then it circulate so the stock supply can be gain and maybe it is like holding token or coin because the token doesn't move.

If you give your private key(s) to someone then your crypto funds will live otherwise they can literally be considered burned since there will be no one to use them.

surely i will give instructions to my family members about how to access my wallets and private keys and use them. so i will do it when i feel im near for death. im still 24 and no need to do it now. so after 50 years from now some funds will be forever locked in wallets.

That is why you should keep your wallet and private keys i  a safe place with duplicate in sone other safe place. Inform your immediate family and provide instructions on basic to do's.

This is one area many people do not think or like to discuss it, but it is very important as we all die one day. To avoid them being stolen and spent whilst you are still alive, write everything on sheet of paper and put in a safe somewhere in your house.

"Storing the details of your wallet for a trusted person is a good idea.  Without the details, those investment will be of no use in case of death. But be careful to choose who you give out those details to.
"

After their death, the money will remain there in their wallet, untouched forever. So, the owner should definitely write down the private keys, login data and passwords and pass them on to a close one through testament or will.

thats the problem if crypto now
As far as i know there's one project which could solve this problem where they could make it like a "will" in our life

But i believe this could be solve in the long run with the help of smart contracts like perhaps if
X coins is not move in wallet for X days, it will transfer to wallet Y

Yeah, if no one knows the private key except the owner, the crypto will be most likely gone

This is a big deal as crypto security enables the user to have possession of their coins to the extent no one would be able to retrive them without a key from the owner, and it is a important step for the person in ownership of this to be able to have a will in place so the key may go to the person they trust as it won't be of much use to anyone if they are gone.

There shouldn't be much worries. It's just like other investment accounts, if it is passed on to someone using procedures, then the money is his, otherwise it would wind up as a dead account. Just like that, if a crypto account belongs to someone and he wants that to pass on, then he should share his key and pass with that person, or some other trustworthy one, like the power of attorney.

This kind of topic has been discussed before, if you don't leave or tell your family anything about crypto then your money will be lost forever and your family won't know either. In my case I have hardware wallet and I tell my sister about it, she knows about crypto right now and she can use my hardware wallet incase something bad happen to me so my family can access the money.

Most likely, there will be a lot of time for his wallet. But if you’re thinking about it, you’ll be able to get it.

this is interesting but funny too. if a person keeps his crypto assets in one of the wallets that he keeps secret for others and he dies. I think it will disappear and it is part of crypto that we have realized what we are doing, but crypto technology is not just there, there are other developers that make it easier to access, such as ledgers and wallets that are available on the handphone. usually I store a personal password in notepad on my computer and make it a file, I think it's easy to learn by my family because they already use crypto.

I hold my private keys in printed version in the safe together with other documents.
We have to be prepared for everything in life. It would be a waste, if nobody could access the wallets because we were irresponsible.

I think that if there are any savings in the cryptocurrency, it does not matter how old you are - you should leave the instructions to the authorized person how to access your funds. This is a very relevant and useful question.

Yes, this is really a matter of thinking fact. But, now I think some project also already comes having the solution to this problem with their ICOs. So, be a part of that community. One project has already come with the ICO but the ICO could not be subscribed fully. So, that project is now in dead mode. The name of this project was ICOPASS. So, guys are requested to be a part of this project if it comes later or any other name with this type of solution.

If the amount accumulated in the crypto is large, you can always use the services of a lawyer and draw up a will in case of death. This testament will contain the addresses, logins and passwords from all the wallets to which you want to share access, so if something happens to you, your family will be able to use your savings.

Stupid question. Nothing happens crypt there will lie for years. The entire crypto network is built roughly on anonymity. And this is good. Therefore, the state and do not want to take it.

If you believe your children you will let them know that you have savings here. And if you don’t want to pass them on by inheritance, you don’t need to know that you have a wallet.

Gonna be awhile before new money starts coming in.

Yes, of course, I thought about it and it seems to me that besides the fact that you should know his password, someone from your relatives and relatives should also know it

Yes, I do not think that death directly threatens cryptocurrency. Correction is a normal market condition. And do not prematurely panic. It is necessary to cool down and think well. So that patience and time will put everything in its place.

Cryptocurrencies are now at the very bottom, the lowest prices today and you may never see such prices again. This is recognized by many respected traders, you can read about it on the Internet. I also think that today it is necessary to invest very actively in altcoins, because they depend on BTC

I also think like you. One day altcoins will climb up very fast. No one knows just the time of this, That's why so many people are bored. This will be a feast day. We just have to be patient.

This is a very thoughtful question, I think if you are holding much crypto the best thing is for you to add the details of your private key in your written will do that your relation could have access to it after your demise.

For a long time there are services and cryptographic platforms that allow to solve the problem of wills with the help of smart contracts. Therefore, this problem is not too complicated.

I keep my portfolio in my book. Every private key i write in the book so if anything happen to me i told my wife to look at the book. She know what im doing and it must be not so hard for her to take it out if anything happen. Im prepared for the worst earlier cause whe never knew god will.

Save your keys and passwords to separate media and / or paper. Keep it in a safe or in a bank box and indicate this in your will. Usually such an action will be enough so that your savings are not lost. These actions are exactly the same as for fiat, real estate and other material values. If you want them to go to the right people, then write a will.

Cryptocurrency will never die.If the price of the cryptocurrency is low,the cryptocurrency will exist . Cryptocurrency created to be used, not for speculation

... and then you get hit by lightning (or run over by car. or sudden heart attack. fatal) i guess its a good reason why you won't go to heaven or where ever you wanna go and stick around, trying to find closure :D

Yeah i am thinking same thing sometimes because i have some heart palpitations etc. and i feel i can be die in near future. Because of that i am storing all of my coins in my hardware wallet. and i said my hardware wallets password to my family members. and i said about my coins.
So i think if i will die in near future they can reach my coins with my hardware. Surely it will be little bit hard but now impossible :=).

My son knows my private keys and hardware wallet password so all my cryptos will be taken care by him and ultimately all the earnings/profits will be distributed equally to my 3 siblings.

And my son is only 5 years old, and I think he will not have to use my private keys. I have by the time he grows up will spend all their assets in crypto-currencies. But my children will live in prosperity. But this is only on the condition that the bitcoin will rise.

when a person dies and his private keys are not given to his descendants or partners, then the coins/tokens will be lost forever.  however, having less coins/tokens in circulation helps the coin/token to be more valuable.  imaging bitcoin circulation from 10 million to 1 million, that 1 million left will be a lot more valuable than when 10 million coins is available.

to protect your crypto funds, I suggest you can schedule email your private keys to your loved ones.  there are some internet email service that gives users options to email on certain date.  that means you can email your loved ones and set email to be sent after 3 months.  if you're still alive by 3 months, then cancel the previous email and create a new schedule.  this way you can be assured that your benefactors will receive your private keys 3 months after you pass away.  of course, to be safe, all email attachments/content should be encrypted.

Crypto will remain inside the wallet no greetings that can be opened with a private key. Perhaps it would be better if at least told one of the men in the family is deemed unable to inherit the crypto. It would be better than silence only assets in the wallet.

Crypto is the same as money, we can't bring it when we left this world. We ahould let pur families know when thwy can find the private keys so when something happen to us, they can retrieve it and use our asset to take care of themselves. If the private keys are not given, our coin will just stay there and will not be part of the circulation  It's that simple.

This is a very wonderful advice you are giving us, it's quite important we make provision for the safety of our crypto savings and funds after our death by telling our beloved ones some of our accounts secret information. Thanks

I just wanted to create awareness about the danger of being greedy with information, I think it's best if we learn to share some vital information to some of our trusted parties, because once we die those information we have acquired and didn't share becomes useless and worthless.

LOL.

That is why now the Exchange must use KYC because we can (Exchange) know who owns the account.
I also have a brother who I entrusted when I died, there is also a Google Authy to enter the Exchange and identify all the codes in my notebook.

It is a fair point. Not many people do even know, what a nanoledger is. I could clearly imagine a lot of crypto getting lost in that scenario. The same happens with fiat money too. For example, money that was moved to Switzerland for whatever reason. Many times the family does not know where the money is. The Swiss banks just keep it, if it is not claimed for a couple of years.  ;D The bank always wins.

It's a very good idea I think! Do you mean a real book from paper or a kind of digital book? I wrote something like a letter for my man if something happend to me, but without keys, just with information where he can find keys.

I think we should not hold it so long, or you should leave the will to anyone in the house, so after death you are assured that someone will inherit your property. But sell them when you can.

also i made investments for the future of my family. I put my binance account password in my cash register. I'm sure they'il find the paper if I die. of course, then the binance still continues  ;)

Well its true but i believe there is should be a way and an education about to share the password into someone that related close to your family or maybe there will be a way for the coins issuer to move the money by using smart contract and the only to redeem the money is by using death certificate and i do think its possible to do.

Your crypto assets will be buried with you because there are no rules governing asset ownership. The best solution now is that we can share account access to the closest person or who can be trusted. Maybe that's what we can do

Yes sure we have to do that, we could have an accident or just die by heart attack or something else and all our crypto assets would be lost! I personally wrote some sheets of paper full of information about my assets, my parents will sure find it if I will die.

i  think  there  will   be  a  huge  disappointment  for  all  and especially  for those  who  are holding big  moneys  but  i  think  the only solution  is by  storing  passwords  and  to  trust someone ,.

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Your idea is still ok, keeping password and also a clue to your relatives or families, and also there is good needs to give your relatives orientation about what crypto is all about in general cus that part is very vital.

Why even in Crypto if you have stored all your information in pendrive or any other sources, whose details you should given to your nearones or your family, so that if you die they can access your cryptocoins and get benefited. That is why it is clearly given information that you should tell your family and friends about cryptocurrency and should guide them how it works and when you are not their they can get access to your coins and get benefited.

If no one gets access to your wallets then the coins will be dead for ever until anyone have got any way of cracking this dead wallet then only it can get access until then they are dead wallets with coins loaded.

I do not think that death will come to cryptocurrency. It actually carries much more potential. What it seems at first glance. So that it is necessary to take into account all the subtleties but not to go too far. In such thoughts.

That was an awkward topic yet true. For me, I would certainly teach my child on to get along in crypto while I am still alive and hopefully when he/she's ready, I can give him/her my credentials.

for me i will make a full tutorials on how do they claim my fund, and a few introductions of crypto so that they can have a few knowledge, so they can decide if they want to continue my business in crypto or not.

yes thats true, but if you want to hide your identity as anonymous and dont want to let others knows your real assets, they go to crypto.


i think the crypto inside that wallet will remain untouchables forever, unless theres is someone who gets the private key to access it and get the fund inside.

A few days ago I discussed again with my friends about this, and still produced the same answer. No one can inherit, unless previously the password has been notified to someone who has been notified or an heir. And it really will be like a house without inhabitants forever.
 ???

maybe it will be very important for those who have large enough funds to provide information to their immediate family, but at the moment I do not have that and do not need to think about it.

I think you think too much about something that hasn't happened, especially you are a bounty hunter who actually doesn't suffer losses if it happens.
my advice, focus on what you are doing and seek experience to develop your knowledge, especially in terms of trade.

If you want them to have to have your earnings and investments better give them your private keys or you could just hire some and make a last will with the private keys into it. If you want them to inherit it better educate the ones who will inherit it about crypto.

Crypto will continue to be in the wallet as long as no one knows the private key. This is the very least important things which must have at least a trusted person to inherit assets (private key) that are owned and science so that what is in the wallet is not destroyed by needlessly. would be quite unfortunate if assets of crypto should be left without owners which anyone can open the result.

then the coin will still left untouch until someone can find out the private key, i think we should share something important with someone so when something happen to us there will be someone finish your unfinished task

The idea of crypto and after death with the living gong and the dead with existing property. In my opinion, we are keeping our fortune on our wallets and by Bitcoin and other currencies nothing is difficult. If you always have backup and write all the information and guidance for your children, your wife knows about it. Even more careful if you can switch to dollars, it is easier for the survivors. And i think the market crypto as well as Bitcoin will be better than the bank when it is convenient and secure as well as easy more  the bank.

I believe a few blockchain projects are actually working on this and Safe Haven (a Vechain dapp) seems to be progressing nicely (with support of the EU and more great partnerships).

But besides the legal framework, it is perhaps a good thing to explain the ins and outs of crypto to your next of kin, including workings of 2fa, how to access exchanges, wallets and such. I know of people that have a usb stick with everything on it in a safe at a bank....including help files and such, even videos :).

Do know that once you are gone, nobody can access if they don't have the means to do so.....and also....'huge portfolio owners' aren't the only people that should look into it. Crypto is just starting, maybe your portfolio is huge too sooner or later...

How many people have already lost their secret keys and data from wallets,especially when no one believes and cost a penny,the people so treated them,and now it is generally recommended to store on a flash drive all the data,and then it is better to pass to the family,just by writing the password on a piece of paper,and thenAnd Yes no man on earth now is someone to trust such things.

You should be clever enough to protect your private keys from hackers and natural disasters (paper wallet - fire) but you also should inform the family about where you have your money (cryptocurrencies) stored.

if we are married we can tell the story about the assets that we have and we place it anywhere. And that helps a little is we have friend that can be trust and also know about crypto. So if we've died that friend can help our families to take the asset.

Heh, a good one. Well most of the closely related folks of a crypto holder are probably aware of that person's interests/doings so they have some idea about it. If I was in their position I would definitely tear apart the room of the deceased and sniff out any seed word sheets and similar.

This problem and many other solve ETFs.
ETFs will help big investors to safe their Bitcoins on safe place, the funds are insured and also it is much easier to inherit crypto ETFs.

in this case, there is a secret key to the wallet and train your wife a little, so just in case God forbid something happens.

on this account,I have a brother who is also engaged in cryptocurrency, he is aware of everything that is happening and so I have no worries about it. I really don't want to think about it.

I think the best thing is to arrange with your lawyer how best to spend your cryptocurrency wealth when you die. The management of your cryptocurrency wealth should be spelt out in your will!

I hope, that we do not need to wait for so long. The bullish market will come soon and we will enjoy the benefits. Our patience will be rewarded before our death. This is to 100 percent sure. Just keep hodling your coins and you will be rewarded :)

Wow, mate, you've just gave me an idea for ICO. We should launch entity guarantee inheritance of crypto funds. Also it is possible to launch smart contract which will distribute funds according to person wishes,like 10% for charity, 50% to wife, 25% to children before they reach 18 age and 25% after .

It is difficult to say that cryptocurrencies have died, because now cryptocurrencies really start the process of birth and development again, it seems to me that everything can start anew, you just need to understand what is most important now

It seems to me that any person who has accumulations thinks about this. Perhaps some keep the keys in bank boxes that will be available to their relatives after death.

Of course you need to take care of your family and the field of death to leave a trail ! I think that it is better to create a cold wallet and buy a promising coin for life. Spend 5 ETH on it and maybe it will benefit grandchildren !

Yes, nothing will ever happen to this wallet. No one will ever use it and there are a lot of such people because they often lose their keys.

Of course nothing happens. Most likely, this money will just lie on the account for ages. It seems to me that now it is necessary to think about the possibility of inheritance of the cryptocurrency, it will be the right decision

For me, cryptocurrencies are a way of earning for the future. And I was thinking about what might happen that I would never use my savings.Most likely one of my relatives will just find the keys and so will be absolutely everyone who works like me

Decentralization means that when you die, no one knows what your private key is, and your crypto assets will be permanently sunk, it is lost treasure.

if you want someone to take care of your crypto assets, before you die you can share them with people you trust like family. otherwise your assets will settle and be neglected forever

It is quite interesting topic to discuss, crypto funds after death should be transferred to your relatives or friends, but you must give him an access and teach how to withdraw money

So far i have not thought about what would happen to my crypto coins should i die suddenly. I think i really have to make provision, should something like that happen.

Actually I'm trying do not think about death at all, but sometimes I do it. I feel safe with it coz I got my backups and my family knows about it. Also I've heard about mywish company wich can think for you about it.

Nobody could use these assets at all. And it will be very sad situation. But I think that now the most of holders of big amount of coins just holding it in big famous foundations that propose that option.

i have made provision for it. i leave documents, in which all information about my crypto are deposited. so my family can access my cryptocurrency.

All of us are waiting crypto to resurrect. We all invested for a long term and we didn't know that such bad things would happen. But we should stay strong

I think that all the keys and passwords from crypto wallets get to those who killed their owner. It's just a joke. You can store cryptocurrency on a hardware wallet, and a seed phrase, for example, in a safe deposit box that will be given to relatives after the owner’s death.

I think that you can just bequeath your wallet with coins to your family or friends. Just bequeath them a flash drive or disk on which the coins are stored.

And do not forget to leave instructions. To whom to go with this flash drive and what to do with it. Relatives may not be aware of this.

Before I die, I will make sure to give the wallet with the private keys to the right person who can manage my funds. I will give the wallet to one of my family, and I will explain how to use the wallet and how to make a transaction so he can continue what I did and I hope that he can use it to make a better life. I am sure that person will be able to use my wallet, and that person doesn't have a problem in the future. And if we are not giving the wallet to the other people, then nobody will have access to the wallet, and no one can use the funds in that wallet.

You can divide your private key or seed phrase into several parts and distribute them to relatives, so that only when they come together they can get access to the wallet.

I think the asset will still be in the wallet and no one will be able to open it. unless there is someone who knows the Private key from the wallet. apart from the possibility that it no longer exists. try to hack it? it seems impossible because until now there has been no case of a personal wallet being hacked by hackers...

I have a flash drive i store all my private keys and everything that is related to my cryptos and my flash is locked with pin number, so if anything should happen, I have a box i keep all those flash and most times i use to joke about it with my siblings that should in case anything should happen to me that i keep all my crypto asset on those flash and in that box, inside the box there is a note i wrote and the key to the box, i am always with it, so if anything should happen, my family will have easy access to my cryptos, but hey... i am not ready to die yet.. I will do my own crypto retirement  ;D

There are many ways of passing on your cripto keys and that does not require a bank at all. However, these custodiaries are a practical resource if you don´t want to get technical.

I think I will sell all your crypto-currencies to my death and the children or grandchildren leave paper money. It would be more correct because nobody knows what will happen with the industry of cryptocurrency even after five years, not to mention the distant future. I hope that the era of cryptocurrency is just beginning.

It is not even a must that you have to tell them everything before you die, but at least let them just know some details about where you are holding some of your coins or simply just put it in a very safe place they can only have access to it when you pass to the next world, if there is anything like that. I have heard of someone talking about putting in a bank vault and writing a will for it or simply passing it on to your next of kin as the case may be.

It is better though that while you are doing that, you try as much as possible to get those you are leaving behind familiar with the usage of cryptocurrency, how to keep it safe and how to access it, so they do not end up flopping if they do not have an idea what to do with it.

make use of ethereum smart contracts.. there is a project called digipulse who's sole purpose is to deliver your private keys to your heir after your death or save your pvt keys and all information in hard form

after this major dump the crypto market is much more healthy we will see real and healthy progress in the upcoming year in this space good luck with your long-term choices :)

maybe we should be able to pass on the crypto that we have to the family. with how to give your privatkey and wallet data to a trusted family.

because otherwise we don't do that, when we die later crypto we have will only be left in the wallet and no one will use it.

Smart contracts for cryptocurrency allocation after death could be useful..

How money is dispersed after death is an issue even with fiat. My girlfriend's childhood friend's father died, who was loaded and had his money in so many assets and offshore accounts around the world and hid everything perfectly to avoid taxes that they never had access to it.

Who knows though? Maybe this won't be an issue once we'll be able to be uploaded into the cloud  ;D We'll still be able to control assets after physical death.

What you are forgetting is that cryptos' arrival on the scene is a SYMPTOM of an abusive money system forced on the masses for too long.

The powers that be are pounding crypto with their media and regulations because they can't control it.  It was meant to be that way.

The problem I see here is most people don't realize they are putting their trust in someone else putting money in a bank.  The defeats the whole purpose of crypto.

Crypto is meant to put power back into the individuals hands.

Instead of having a bank keep track of your numbers, crypto allows you to do it yourself.  The mechanism is there, people just have to break the brainwashing they are subject to.

We don't need banks.  They need us.

If you had a big chunk of gold and or silver, unless you spend it all while you are alive, you are going to want to pass it on to someone in your family.  When that is the case, you take time to educate those individuals so they are ready when the time comes.  Same with crypto.  Take responsibility for your own future, and you'll never look at a bank the same way again.

It is very true that the method is very good by dividing some of the seeds of savings to the nearest person very efficiently so that it is easy to keep the wallet alive. \basically we will bequeath all to our family or descendants for a good future, and crypto in my opinion in the future be an asset or a savings, to keep that trust the wallet to the closest person who can be trusted or team.

Guess the simple thing to do is to have everything stored on a safe website (possibly a decentralized website) then  have the password and username saved on a thumb drive and stored in a bank vault or/and somewhere safe a at home.

 You can then ask few family members to access it when you die. The storage location should have inbuilt alert system that alerts you when it is accessed at the wrong time so that you can re-enable the lock.

Will be cool to have something like this. Wonder if it already exists in Crypto world.

it would be better if one family knows the key to the wallet they have, because we will not know what will happen tomorrow, so that what is in the wallet can be used or can be passed on to the family, unfortunately if you don't know it continues to burn just like that

Same thing like if you lose your cold storage, in fire, flood, get stolen etc... Those coins are lost forever and can only lead to rise in price eventually for that lost coins.

All the funds will remain in the wallet and nobody will be able to withdraw it ever. There is no regulation for such cases, so if you wanna my opinion - family must have the private key. Don’t tell them what the combination is for (if you don’t want them to know how much you have), leave your last will with the instructions.

Well, why, my wife and children know about the technology, know what I do and know where the private key of the wallet lies!

It is a matter of highly thought. Most of the crypto lovers's family don't know about crypto or cryptocurrencies wallet infomation. This can be a big problem if the particular person die. It is better to show the information to his/her family members so that they can use after their death.

Crypto will be here for all times because it has done really important and significant contributions for people and for the whole world as well. So it will be in ourselves always.

Actually, it's a "good" thing when someone leaves their wallet behind :P and doesn't give out any passwords. Total circulation of this coin/token gets smaller and so the price rises :D.

No, but for real, nothing probably really happens. The give crypto gets basically locked up and is now unreachable for anyone.

Death is not the end at all and it is impossible when it is said about the crypto. Its being here is the key to the bright time later so I don't agree here.

I may not have so much yet, but one thing I have thought of is to just put my cold storage in a safe in a trusted bank, and then leave it there. People live gold and some other assets or documents in a bank vault and all you can just do is to pass it to your next of kin when you die. Like you said though, it is always better to leave instructions, so they do not end up losing the funds out of trying to even understand what they are holding and then the stuff getting into the wrong hands. One way or the other, it should always be a good thing to put them through and at least make sure they have a huge idea first.

A big lol to that first part. A lot of cryptocurrencies have gone missing over the years as a result of death and the individual not making some pretty good arrangement in the case of his or her demise. For instance, recently a man who is holding billions of dollars in XRP was found dead, but unfortunately no one have an access to what he is holding except himself. Like you said, sometimes, the best way is to just either put what you have in a cold storage and then probably save it in a bank vault or a safe like you said, which will be accessible only when you pass away.

Will crypto even survive until a day I die? If so it might be interesting. Or might be not. In those times it might be something usual like leaving a fiat money inheritance.

This is a very interesting topic for discussion. I think that most likely in a couple of years, cryptocurrencies will be considered a full-fledged legacy as ordinary money now and they can be documented to be transferred to their heirs

I thought that. It seems to me that so far such cases are units since cryptocurrencies appeared not so long ago and many people store passwords on computers or on paper. And then when crypto becomes commonplace, we'll be documenting it all.

It is for this reason that a close person should know about the wallet, who could use it in case of some kind of trouble!

Death is hard and scary. It seems to me that it is impossible to accept it and it is necessary to think of the future even if it is inevitable. It seems to me that we will simply transfer cryptocurrencies by inheritance or automatically after death to transfer to relatives

Actually i thought about this. Gave the details to my very close friend and if i die, he will take %5 of my crypto for his services and give the rest to my family. Who holds the keys, have the cryptos.

I've already think about that and it's pretty good question. First of all I explained to my family what does crypto mean for me and how to get access to my funds, I got backup of my seed and private keys for wallet and exchanges. It should be enough imho.

we have reviewed so many posts as discussions, and always have a long debate that never ends. If you want to be safer, you can make a will to the closest person like your parents or children. so like something happens, they can still access your assets.

I still do not think about death, though I understand that it can occur absolutely at any time. Nevertheless, I have one friend who, in the event of my death, will be able to use my laptop and get a password from my several cryptocurrency wallets. I think this will be enough.

When someone dies,their coin will be forever on hold to a certain wallet . The only time it will be accessed is when someone has the private key. That is why we should tell our family on how to access our wallet so that when the time comes, they will be able to inherit our assets. Trust your family. 8)

Get a lawyer so you can write down your last will testament. But if you can't do that, teach and tell only the person that you can trust in your family.

The one that will never move your fund until you die or until you permits to do so. Those coins that is being owned by the deceased owner can be considered lost forever.

For cryptocurrencies, private key is very important. When we passed away. You can create a document that allows future generations to learn to use encryption, which is a fortune for them. I think they will be happy to learn,

It is something I should reconsider.
For feasible assets I can write testament and I am sure that my assets will be inherited. As for digital goods like crypto there is no legislation.

Cryptocurrency is really our future, but all of us will die and many will have heirs. I think that cryptocurrency will simply be transferred in the same way as usual money is now transferred. Nothing new here not to purchase

They disappear without a trace, it's obvious. No one except the owner of the private key has access to money. If you do not leave behind access to private keys to their children, then everything will be lost forever

People with such ideas are usually very wealthy, and these people usually have their own solutions, such as assigning coins to the next generation in advance. They are unlikely to ignore this important phenomenon. If it is then the coin will disappear.

Probably in the near future, we will see secure storages something like electronic cells that keep keys and passwords to the wallets of their owners

That's the problem and i know there were certain project are doing something like a Will with smart contract
I am not sure how it can be coded to such that you can move funds from other wallet where you don't access to private key but i believe everything could be coded.

Perhaps you parents would have access to this certain Ethereum Address, you know that they doesn't know about privacy and security. Hence this is why custodian service is out there to help and secure people's wallet.
So lets say you are dead, after X amount of days when wallet is inactive, there will be an execution of all the ERC 20 tokens to your designed designated wallet address.

I believe this should be the way

This is probably a fun joke you made, but I think your Crypto and I are sure to have a second person as well like my wife and I know. You probably have not thought of it, but I'm sure there will be someone who knows your password too, and that person is lonely with you to be more trustful after you die that the password still exists.  ;D

the crypto has its own wallet pirvate key and i think have to share at least with one member of the family in order to get access after you die but the one who you really trust.

If no one have our private key, then everything will done. no one will be able to access that fund, and it will stay in our wallet for ever. I think that could be a bit disappointing to have that only possibilities.

well you are very right, this problem has been repeated many times and there is no other way to get access to the wallet. we let it all go away.maybe in the future there will be a new revolution for this case

This is a very valid question and I once worked as a bounty hunter on a project that aims to solve this problem by using blockchain technology to solve the problem of crypto inheritance, the idea behind it is quite genius I have to admit.

Then this wallet will become a national treasure and will be transferred to the museum so that people admire it  :D
but in truth I think people will find a way to open it in our high-tech world.

It depends to situation like example we die but forget to give some information to trusted people about to our funds in crypto even password. And some situation that we die on the spot and ni one to your family knows about your crypto funds. There's so many circumstances that need to be concluded we don't know what will happen to us every day. So my suggestion better to write it it to a paper so what ever happen your family retrieve your funds.

There are many ways to secure your Cryptocurrencies after death and make sure it is passed to your future generations, one way is to write a will and include the private keys to your important wallets in that will and escrow it with a very trusted law firm, this is one sure way and I think it would work quite well.

I think that the the only way I can transfer this to my kid is teach him what crypto is and then give him my private keys. Then I think he will try to figure out on his own based on the information that I will give him and it should be sufficient enough for him to open the wallets.

make sure your inheritance got your id and password. else it consider burn.

I think in order to avoid such a situation, with the loss of all cryptocurrency savings - it is necessary to devote a trustee where and what you have stored, or leave it on
although after death you will not care))

I don't have such strong predictive power, but I have a passion for cryptocurrencies. If I choose to leave items for future generations, then I will choose cryptocurrencies and houses!

I think about this question makes sense to think only if you are going to die in the near future, otherwise you will be able to find out what happens to the crypto market in 30 years.

I hope that crypto will be mass adopted in the upcoming 10 years and I also hope that in 10 years I will be still alive  ;D Crypto currencies are representing the future of payment systems and the blockchain technology will make the world decentralised.

If someone dies without notifying the wallet's private key, I make sure the crypto asset will accompany the person when buried. LOL
If I die later, I will give crypto assets to my child along with the wallet's private key

I think their are already many people has died and their cryptos are also gone because they forgot to share their account to their family, we don't have to be greedy at all times and share what we have in this world.

haha nice question ;) i guess there might be a system of confirmation for relatives. yet this is a good chance to think, why we need money at all (in that enormous quantity) if it no longer with us when we are dead

There was a project I used to see around called timebox that aims to.solve this problem with smart contract, I didn't follow up the project to know if they did well or not but I have to admit that their plan had merit.

Far-sighted owners of crypto wallets, if desired, can indicate the code from their wallet in the will as well as the code from any cell in a real bank. Anyway I saw some projects on Ethereum blockchain that helping with such things - but we need to wait little bit for stabilizations of this projects.

Usually this could be happen for those people has died eventually their assets in crypto will be gone. In case someone knew their wallet it could be use their funds. Exactly, let us not be greedy so good to know or share at least one you most trusted person about your asset in crypto if something went wrong.

my family knows what cryptocurrency is. I just leave the passwords and then they can get full access to all my savings, as in the usual cash deposits in the Bank.

errr....i gues, in case you happen to have a will in which you indicate everything that enables your family to get your funds it's fine...if you are not that lucky, well, then just relax and let it go ;)

I think if you will give an access to your personal wallet there will be no problems at all for that person to use your crypto after your death

This topic is very interesting and makes you think about those people who have confidence and are ready to give what they earned with great patience. I have a son to whom I will give everything that I earn in crypto. But it is better that this desire be passed on to the grandchildren, and even better - to their grandchildren.  ;D

Cryptocurrencies will not go anywhere exactly, no need to deceive yourself and no need to deceive other people, because today I do not understand what the market will do if the situation changes anyway, because I want to understand very much what will happen to the stock market in this case.

I do not know much about this, but I know one thing when I die, the altcoin I earn will be handed over to my relatives or those I believe that one thing they can follow me on. It's a whole new step. This issue I will learn more to the people I trust. I think the dead account will be hidden somewhere in the policy of the market.

We are now discussing this simply as something far away, but there are already those who died and had cryptocurrencies at the same time. As far as I know at the moment, these purses are simply lost

I think that so far the number of people who had cryptocurrency and died is quite small. And so now I think about what I want to transfer their savings to their loved ones and my family

These questions are really much of a concern. In the future, the blockchain will be widely used. I am optimistic about it.

if we have a family, of course, the wife will try to find out our wealth, so if we have wealth in crypto, of course, we will share experiences with the wife on how to use it. therefore after we are gone, someone continues it. but if we are still alone and suddenly gone, the crypto will not be anything because no one knows the address of our wallet and how to operate it.

I will make a fail safe when that happens. Of course I would train my child, and introduce her to the crypto world. Always let them know on what they are doing.

It's a good thing to tell some trusted people because we can't determine when you will die or death pick you up. You should provide this information.

Yes, of course I agree with that if you want to leave assets for the family, it would be better to give information about the assets that you have today to people you trust because we don't know what will happen in the future

this discussion has been numerous and has become a never ending conversation. I think there are lots of threads about your question.
the solution, you make a will and make data in an external hard drive or flashdisk that contains the wallet's private key. yes give it to someone you trust when something happens to you. That is all

Why do you think about this long-term... The growth time of the encrypted currency for 20 years can already mature, and the future cryptocurrency will become stable or cover this year's stock market. As for your child's future, you can't think about it. The inheritance tax is a manifestation of the progress of human civilization. Even if it is a cryptocurrency, it should also be subject to inheritance tax.

Never crypto can die, the market is down, but we say that there are still large transactions and many newcomers to this market. Now the crypto market can show us patience.

I have considered the future of cryptocurrencies, but in the end I gave up on these ideas because they seem ignorant! The encryption market is changing every day, if we believe, then don't give up!

This is not a problem, just indicate in your will that you are transferring your private key to one of your family members.

we cannot predict the future of crypto but I can only hope that crypto continues to exist and develop. maybe for now crypto is dying but I don't think crypto will die but the market needs time to recover.

I do not think crypto will die but its gravity will cool down in the future. When Bitcoin prices drops dramatically today, all the Altcoins have fallen and the crypto market has become more desolate than ever.

There are a lot of abandoned wallets with large amounts, the owners of which either lost the key to them, or something happened to the owners themselves .. I think that now people are smarter and took care of relatives and friends .. well, those wallets that have lost their owners are waiting for hackers and drift in the still waters of oblivion))

There are a lot of cryptos that have being lost due to people dying and leaving their wallets behind with a lot of crypto in them. That is why it is good for investors to have someone that they trust that they can give their private keys to when they pass on. I actually think that it would be the right thing to do to actually declare them in your will before passing

I am sure that nothing terrible will happen here for sure, because cryptocurrencies will not be able to die for sure, I am sure that cryptocurrencies will be able to survive, because today this is one of the most promising ideas that people have.

If I had hundreds of millions of dollars in cryptocurrency, I would try to spend it on myself. ;D ;D

I think that crypto is rising and if we look at the over all market then it can be said that crypto is now again showing a good edge but due to hard times and cold weather have affected bitcoin very badly, I like crypto for online payments and it's fast delivery of products and services across the world.

I am sure that in the future, cryptocurrencies will be automatically transferred to relatives and friends as an ordinary inheritance. But I also think that now there were no such cases

honestly I never thought, maybe because I was young.
but there are many that you can prepare with it all, you can take notes or keep all the private keys in the flasdist and make a will for the inheritance.

Of course, cryptocurrencies should be transferred to the relatives of the deceased. After all, the state of some can be calculated in millions of dollars. It is necessary to think about how the procedure will be the transfer of funds

It will float in the air but it will still be part of the coin market supply. Therefore it is better to teach our most love ones on how crypto currency will work and that they should know on where is our crypto accounts could be found in case of untoward incidents that may come to us and our hard earned crypto assets will not be wasted.

Right. I have thought about this. if later I die then all cryptocurrency assets will be managed by my children so that they can fulfill their daily needs. therefore, I have now taught children about crypto.

Bull run hasn't started yet, so crypto is not dead yet, there should be mass adoption and only then, after another technology takes place, there will be something new and we can discuss new technology

No, only hell are decentralised and haoticaly separated, but heaven are centralised and harmonically united.
Humans must stay between this points and use both.

thankful that I have my kids who are trustworthy enough to handle my investments.  i am sure that they will be fair to each other.

I think that over time the use of cryptocurrency currencies will become as simple as the use of a Bank account. But it is obvious that in order for your relatives to have access to the cryptocurrency wallet, you have to teach them how to use it and tell them the password. Perhaps someday there will be legislation that will allow you to inherit crypto savings. But those coins, access to which is lost will not go anywhere and will remain frozen.

I hope that we will see the mass adoption of crypto currencies, even before we all die. I have big hopes for 2019 and I have no doubts that the crypto market will bounce back and we will return to the prices of 2017.

Basically burned at that point. I hear there is a project that offers some kind of last will but with crypto.

The person who keeps huge savings on the crypto-wallets is definitely smart. And I think he provided all the ways. I'm sure the family will know the exact location of his savings. Also has not been canceled notary services.

If the person is holding bitcoin then i think it will be hard to recover if the person not provides details to their known persons. But about altcoin mostly same reasons. So it is always good to keep updated about your work with the family, so that they can get benefit when you are not their.

I didn't ever think about it, because I know that nothing will happen to your crypto if noone will find your private keys. This is logical. I have 2 people in my life whom I trust, they know how to find my private keys. So my crypto will not die with me.

I think that very soon cryptocurrencies will enter the lives of all people and will be used as ordinary money.
Including inherited, to be the subject of a dispute and proceedings in the courts.
In the meantime, only cryptocurrency market players understand the whole prospect of working with cryptocurrencies.

Yes, nothing special happens. These are dead wallets with dead coins. No one will ever use them (by the way, for example, in the TELOS blockchain there is an opportunity to burn such coins over time).
And for the case of a testament cryptocurrency is, for example, the service MyWish (with "Will contract" - Transfers person’s savings to his family or friends in the event of his sudden illness or death).

I truly don't understand why some people who say the cryptocurrency will die ? I think it may be the future of the world, it can make our lives better because of the power of blockchain technology.

By giving knowledge to trusted families, crypto can provide benefits to them, besides knowledge and also give crypto assets before they die.
This needs to be done for survival, in this way crypto will have a generation and will not die.

Crypto will surely die because every life will surely die but not for now and still for a long time.
now Crypto is still alive so he can get up and grow, even though the market is in poor condition but believe he will give beauty to many people.
in the future it will increase because more sophisticated technology tools help Crypto growth.

Who says crypto will die? Have you tried reading what OP says? I think you should try to read what op says before posting not relevant to the topic.


When you enter the world of cryptocurrency, one of your family should know what you're doing. It may be your wife or husband. Someone whom you can trust. You should teach them for them to have knowledge in cryptos. If one day, something bad may happen to you, at least there someone knows your wallet and your investment. The key here is not to be greedy.

Eh? Try to read the whole post sometimes than just the title. Op means what happens to one's crypto after the death.

Because they just look at the price without understanding clearly about appicability and what blockchain and cryptocurrency can do in the future

My wife knows all the necessary information and we don’t have secrets from each other, so if something happens to me, she can always take advantage of it!

This is a good situation when relatives know all the secrets and access codes. I unfortunately now have a different situation, I can not trust.

I don't hold huge funds and I think its just enough to save without working for half a year.
I just gave all my information regarding on wallets and saved it on a file.
And I'll start to let my family understand on how to manage it, when I think they are ready for it.

the price of crypto will definitely change. many of those who judge crypto have finished because the price has decreased greatly, but for people who know the real conditions, this is just natural.

I've read that a huge amount of ETH and BTC are considered forever lost. I think most of them are the money of dead people,the rest is lost due to the loss of passwords and keys.Hacking wallets is very difficult, almost impossible, but this situation today.Everyone thinks about their own death...

I'm a selfish bastard then  ;D
If I'm gone and I wont be able to spend my crypto, nobody will!
But seriously, why would anyone trust their bitcoins to a woman? You know that wife has this legal option to deprive you of your coins right? Of course if she's aware of you having some than why would you make this easier for her...
Leaving coins to kids, now that I would understand. Some cool puzzle in the basement, with clues and tips on how to find the treasure. Something fun and creative for the kid to remember and learn the path of crypto along the way. But simple peace of paper with all the instructions, that actually anyone can read seems like safety protocol breach. I think them coins have the anonymity feature for no reason, it should be used to the max.

if in my opinion, it's better if we immediately convert crypto to fiat, don't hodl it any longer (if you already get profit), then that's enough to end it all.

Seems like you have trust issues with your wife. Finding treasure is a cool idea. Anyway, we invest in cryptos for our family's future, specifically for our kid's future. Now, if you're gone, and no one knows about your coins, then what will happen to your family? You want to leave your coins to your kids, right? What will happen if they'll find the treasure? Aren't they going to spend it in a useless stuffs? They're still young, and don't really care about the value of money. For me, it is still better to leave your coins to someone who is mature enough.

For now, we also think that if we leave. Who will inherit my Crypto later? And some of my brothers and sisters, I have given this Crypto knowledge. So if tomorrow I am not there, of course, my brother can take over.

I think we should make statement or write a diary in which write all exchanges/wallets login passwords and keep it in safe place and tell some reliable and trusted person from family after my death follow this guide to get the funds.

Exchange should also add next of kin option like an email in case of claim

My idea is that if I was before death, I would exchange all my cryptocurrencies into cash and leave them to my family.

My family will definitely be able to take advantage of my work, because I always show them how to work with cryptocurrency!

Crypto is now more healthier all people here understands the tech more than people of the bull run of 2017 a lot of scam project failed dramatically and good project are currently building more robust infrastructure :)

family maybe, if your family understands how it works so they can take advantage of what you get from Cryptocurrency.
other than that there might be someone who can be trusted other than family, and you must really trust him and he can also be trusted, so there is no problem.
and you are also not easy to trust anyone if you are not confident, because something bad can happen.

In addition to showing what you are doing, show them how to use the private key and, above all, where you have it hidden. It's best to divide private key into two parts - give one to the one person from your family and the other part to the other person. Only together they will have access to your address. This will greatly increase the level of security in the event of an unpredicted accident.

I left a note with tips on how to access the file with all private keys. This note is stored in a secure cell, and only 2 people have access to it, which I fully trust.

I don't want to even think about death and what will be after with my property.
I am sure it would go to my closest family but they will have very hard time to find private keys.
Should I share private keys with my family now? Because I don't think I should.

Before thinking of investing in cryptocuurency (https://coinswitch.co/), it is  important to know what is cryptocurrency? What are the features and the potential of a cryptocurrency in a long term? For that, following their move is equally important. You can’t just rush into any decision.

Knowing which cryptocurrency to invest in might prove to be a difficult task for you if you’re not updated on the performance of the cryptos. You can’t make investment decisions based on emotional judgments. There are several metrics used to calculate the best currency to invest in.

Better keep private keys somewhere safe place that no one has the access to it. If death happens lost bitcoins will not help to anyone. I prefer to give a second key which can open the case private keys are stored to my friends or family.

I think it's logical to leave a legacy to my children because I think their generation will be more progressive in the crypto-currency industry. I even believe that in 40-50 years the cryptocurrency will be used on a par with ordinary money.

Well I don't really care about my crypto after I die besides my family could use it,
My wife and brother knows my wallet password and all of the things I have in crypto they also know how to trade so I don't have a problem.

EVen in banks,if you are failed to submit the required documents then you won't get any of their assets.SO saving in crypto is actually better you need to trust your family member than a third part service like banks.Better to tell by today itself about all your crypto holdings and private keys to access it to your wife or to kids or to your parents.

of course if only you have the PK there will be no one who can access it, recently there was news that the owner of one of the exchanges had died and investors lost access to their money.
because he only holds PK.
so you can share your PK with someone you know / trust, so there will be no more cases like this.

I hope we would not need to wait for such a long period of time until crypto currencies will get mass adopted. It is only the matter of time and I believe that this will happen within the next couple of years.

Over time people will know about cryptocurrency, because many things will later use cryptocurrency, as we see there are still a lot of coins or tokens that are born, and I'm sure the next few years the focus of cryptocurrency is not on new projects, but to maximize the function of an existing coin or token.

Very good and important question,We must give private keys to our next of kin like wife,son etc to store it in safe place like USB in lock , But also write the key on paper which may also place in safe in lock with next of kin.

indeed we must have a partner to inherit crypto that we have so that if something happens to us like sickness or death so that there is a substitute for crypto that we can rely on when we hold the key to our wallet usually the one who deserves to hold is our close relative, who is still bloodied with us so they can trust it.

After the death of cryptocurrency, nothing bad will happen, I think that this is generally difficult to create, especially now, when prices are just starting to rise and cryptocurrency is already on TV. I think that everything will be fine and you need to hope for it.

Yes, the prices are now very low and you can buy a large amount of crypto. I think this is the best time to invest.

And what prevents the owner just give your account number and passwords from your financial savings. I don't see any problem with that. But if a person does not have relatives, he can donate this money to any financial Fund or charity. And with the introduction of blockchain in public life it will be much easier to do because the notary services will not be needed.

I have a friend who knows most of the passwords, and I hope will help me when I die. In this regard you should trust one of the family or relatives. Once you die, there is no place to take this with you.

Just like the  banking sector if you did  not  give or will your  wallet key  to anyone, no one will have access  to  the  portfolio, unlike  the  banking  sector, that your cahs  is secure  and still yours while you are alive, you must  ensure individual that have access to your wallet key can be trust. I believe the  CRYPTO sector is still evolving.

Of course Crypto will develop and can still provide great benefits if we can manage it well.
other than that we must be careful starting from ourselves even though the key wallet access is safe.
Crypto isn't dead yet, but he can still grow and develop so we have to be able to manage well so we can get money.

Nothing happens to them, they just stay in the wallet forever, or until they invent a quantum computer that can unlock the wallet.

Quantum will not so easy to open it. i guess any SHA already had quantum resistance. you need to understand what the quantum computer is and how it works. I guess it will degrade the SHA that used by crypto right now.

I am sure that in the next 10 years, the cryptocurrency market should not be afraid of new computing technologies. The danger is represented by economic methods of market manipulation.

if the wallet owner has died and no one knows the key from the wallet then the crypto he has will remain in the wallet forever,
no one can retrieve it unless they have a wallet key
if the crypto wallet owner really intends to give the crypto assets he has to his family, he will definitely make a power of attorney
and notify the wallet key to his family

The future of quantum computers are developing ,new versions of quantum pcs will be able to pass the restrictions of no-quantum resistant cryptocurrencies. Crypto holdings are only usable if person has a private key ,without private key it will be useless for that guy who passed away.

let's wait for the results, but I think there will be a key that can open the private key if the crypto is dead.
but there is also a possibility if the wallet is always updated and strengthened so that it will be difficult to open if you don't have the key.
so we won't know the results without us being there later.

Very interesting case for me. It is hard to believe to someone for giving your private keys and the person who has the private key can spend the bitcoin inside the address. After death my bitcoins will be lost forever.

The owner of the token who experiences death I think the token will remain in the wallet. Maybe this is everyone's concern and maybe they have taught this to their children or siblings. So when they leave, people who have inherited a number of digital assets can already access it.

As far as I know, the crypto-currencies that remained on some of the wallets, to which there is now no access, will remain on that wallet and you will not do anything with them.

Maybe if some regulation that can also add to heritage. But right now, who owns the private keys of decesead can take everything without almost anything.

every human being must have someone who is loved, and usually every secret must be told to people who love, so if people who love the family must have certainly prepared everything needed by the family, so naturally each owner also gives something valuable for those he loves

It is very difficult to believe that the crypto market will die sometime. Because he is just starting to grow and develop because I think that it is very early to talk about death. As for me, it generally may not be.

Read OP before you want to say something,it is not about crypto market will die it is about when someone died what will happen to their funds.

My crypto would be used by my family after my death I would make sure that someone from my family knows how to use it .
I would also save all of my wallets and password in one hard drive to secure it and give it to them so they could benefit from what I earned in crypto and my money wouldn't be wasted ,
Besides I work for it I earned it I think they should be the one to use it after I am gone.

If the owner of the key informs the family in advance it will certainly be accessible again. If on the contrary, of course all the crypto assets that he has at the time of death will surely lose his cryptic assets. Therefore, it is better to give a lesson, for example to people who want to know crypto so that in the future assets can be continued.

According to Jameson Lopp, users in the Bitcoin blockchain network have lost access to 6 million BTC. Data on cryptocurrency is not available, and bitcoins are not tracked in any way on the network, which means their owners cannot access it for various reasons, for example, forgotten passwords, theft or the death of the owner. About 6 million bitcoins are most likely lost forever.

right, I also taught a number of my brothers to be able to do what I like to do so when I have nothing to replace me so that the crypto that I have can continue to run properly because it is too bad if it only stops us. so if we want to give our wallet keys it is safe because we are close to our brothers.