Crypto After Death?

[CryptoToxicAvenger]

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.

[Russlenat]

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.

[VK.point]

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.

[iconoclast]

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.

[entebah]

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.

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.

[batang_bitcoin]

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?

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)

....
The next I heard of Bitcoin was late 2010, when I was surprised to find that it was not only still going, bitcoins actually had monetary value. I dusted off my old wallet, and was relieved to discover that my bitcoins were still there. As the price climbed up to real money, I transferred the coins into an offline wallet, where hopefully they'll be worth something to my heirs.
...

[sixexgames]

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.

[Ararbermas]

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. 

[cahbagus555]

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?

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

[Labay]

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?

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.

[libert19]

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.

[Jamesdila1]

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.

[btcrut2017]

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?

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.

[Isiaka208]

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.

[Larssoneos02]

"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.
"

[Bergqvist]

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.

[puremage111]

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?

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

[PipeMaddox]

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.

[Aidenpeters]

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.

[Diablesfunis]

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.