What happens to your Bitcoin when you Die?

[Lewoll]

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...

[golub_io]

Well, it will be sent to my children or relatives, I guess 

[Lewoll]

Well, it will be sent to my children or relatives, I guess 

How could they do that? Unless you're going to give them your keys. Bitcoin is decentralized and no one will ever care and pass it on your relatives. When you lose your keys then you lose your money, and when we die, when it happens then they couldn't get whatever cryptocurrencies we have.

[soham]

Well, if you have a substantial amounts of bitcoins which can effect your heirs life in a positive way, I will recommend you to add it to your will. Don't mention the private key to your will, instead store the details of your bitcoin wallet in a secure location in your laptop or PC or in a piece of paper and mention that location details to your will, so that your heirs can find it after your death.

Else, have some faith on your wife and tell her everything about your bitcoins. Let her know how to access it and ask her to distribute it among your children after your death. But if you are holding a very small amount, then it's not worth having the bitcoin details included in your will.

[Lewoll]

Well, if you have a substantial amounts of bitcoins which can effect your heirs life in a positive way, I will recommend you to add it to your will. Don't mention the private key to your will, instead store the details of your bitcoin wallet in a secure location in your laptop or PC or in a piece of paper and mention that location details to your will, so that your heirs can find it after your death.

Else, have some faith on your wife and tell her everything about your bitcoins. Let her know how to access it and ask her to distribute it among your children after your death. But if you are holding a very small amount, then it's not worth having the bitcoin details included in your will.

I think no need to make a will of testament just to remind them about your Bitcoin or Cryptocurrency wealth. Your wife or your closest sibling will be the best person to entrust all your digital wealth because nobody knows what will happen. If we die they can still use our digital wealth.
That's the best thing, introduce Bitcoin and Crypto-Currency and Blockchain technology to your family in order to remind them that if one of the family member is gone then they can still access your assets.

[Danglen1010]

if i die i think bitcoin still there but no body  can open and claim my account.

[Byatt]

My family would probably benefits it because while I'm alive, will let them know about it

[Lewoll]

if i die i think bitcoin still there but no body  can open and claim my account.

Yes, Bitcoin is still there but is it good that when you're gone your family could benefit you digital assets instead of just letting Bitcoin die together with you.

[Lewoll]

My family would probably benefits it because while I'm alive, will let them know about it

That's my point, every owners must tell their family members or closest siblings about their digital assets in order your family will  enjoy in the future because your Cryptocurrency assets would help their needs.

[Proxii inc]

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...

I believe a good thing to do is to store Big amount of BTC in a cold storage wallet like the Ledger nano s or a paper wallet and put it in a safe. Then you can put the pin code of the ledger in your will, and the place where the wallet is stored.

[wanderloy]

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...

I believe a good thing to do is to store Big amount of BTC in a cold storage wallet like the Ledger nano s or a paper wallet and put it in a safe. Then you can put the pin code of the ledger in your will, and the place where the wallet is stored.

Nice plan, instead of trusting them while you're alive - you'll gonna have to put it together in your last will of testament to protect your keys while you're alive.
Bitcoin is indeed a valuable digital asset today so it is not advisable to bring it us when we die, someone in your family only could use it just in case.

[TimtheYoutuber]

I have some family members who would be able to access my coins if I were to die. It is a very good idea to make sure someone knows how to access it as the coins could be lost forever.

[rumexx]

My second daughter is already working with me in Blockchain tech. She has all the password of all my projects and all the private keys to all my wallets. I have introduce her to all i am doing in the forum. She can always take over.

[Slow death]

have some faith on your wife and tell her everything about your bitcoins...

it's difficult to trust people, in today's world women and men have become interested, if one of the partners is very rich, you risk being murdered by your own wife or your own husband, in my country is full of cases of this kind.


is difficult and very complicated, money changes people, most people do anything for money, even if it is your wife, son, mother or father or any member of your family money can corrupt them, if you have many bitcoin and you are very sick I would advise to withdraw everything to your bank and if you died the situation would be different... banks are explorers but in certain situations they are very useful

[hodlftw]

I dislike thinking in worst case scenario because I am an eternal optimist and as a result I haven't setup any way for my family to retrieve my bitcoin. I hope to do that in the next year or two but only when the amount of $ is worth doing something like that. Right now it is a nominal amount that my family can go without but if it reaches a tipping point then for me I would make the video then. God no I wouldn't want to take it with me and deprive the world of the BTC I had that would be plain wrong.

[nhoj25]

Did you guys teach your family members on how to access and use your Bitcoin in case you will die?
Do you want to take your Bitcoin with you when you're gone?

Let me hear it from your own opinions...

Bitcoin now can be considered as an asset. Sharing it to mylove ones will be my best decision.

[wihrn]

i grass there is nothing bad in learning my relatives how to reach my savings in case of an emergencies

[nextel]

if i die i think bitcoin still there but no body  can open and claim my account.

Of course it will still there but would you mind if you should have let your family enjoy on your digital assets when you're gone. Is it a good idea that they're going to use it instead of losing it forever?

[nextel]

My family would probably benefits it because while I'm alive, will let them know about it

It feels really good when you are earning money through Bitcoin and Crypto-Currency with your family because when we die, surely they will enjoy it. It would be as the legacy that you passed unto them.

[nextel]

have some faith on your wife and tell her everything about your bitcoins...

it's difficult to trust people, in today's world women and men have become interested, if one of the partners is very rich, you risk being murdered by your own wife or your own husband, in my country is full of cases of this kind.


is difficult and very complicated, money changes people, most people do anything for money, even if it is your wife, son, mother or father or any member of your family money can corrupt them, if you have many bitcoin and you are very sick I would advise to withdraw everything to your bank and if you died the situation would be different... banks are explorers but in certain situations they are very useful

Wow! I haven't seen that coming. Wife will murder the husband over Bitcoin, well that's possible if the couple were not in good terms but they do know each other's keys to access digital assets.
Common sense should be used this time, if you don't trust your wife then entrust it with your siblings or your best friend whom you have known for ages