Crypto After Death?

[iljamlnk]

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

[1713562815]

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[kimjenglot]

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

[Timmzzy]

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?

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.

[btcluisdiki]

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.

[Fredomago]

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?

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.

[Cryptolord_ng]

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

[MilesEldwin]

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 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.

[ynatopak14]

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.

[Grifosha]

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?

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.

[DJ_Rick]

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

[Minusha]

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.

[moshuk]

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

[yugyug]

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.

[fanji]

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

[arwin100]

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.

[slightmoon]

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  But majorly made backup of their private keys. Like in private dairy or in their system.

[Getcoinsite]

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?

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

[metalglowd]

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?

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

[miropp]

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.

[Eildosa]

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.