Crypto After Death?

[sergey1301]

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

[MMS2017]

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.

[Beargas0]

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

[colenax]

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?

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.

[BillyBelmonte]

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?

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

[jimmymagz_071988]

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?

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.

[pidie]

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.

[minttop]

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

[Amberum]

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

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

[andrerusso]

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.

[tonibyuzen]

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.

[cichaescut]

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.

[SomeCryptoDude]

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

[biznes35]

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.

[susila_bai]

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.

[xkatarinax]

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 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.

[MirclIX]

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.

[ivaf]

snip

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?

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).

[donaltrump8]

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.

[Woolles890]

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 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.

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.