If You Died Tomorrow, What Would Happen To Your Crypto?

[Brybro27]

The answer to the question is a bit obvious, it would remain in your wallet, ofcourse, unless, there are other people who knows about private infos of your wallet in order for them to take over of your holdings. Your holdings won't vanish just because the wallet is no longer active, as far as I know. So basically it does depend to the person if he would let other people know about his investments in crypto if ever he would die someday just to be prepared and for investments to not be wasted.

Basically, if the owner dies and his wallet was left inactive, the supply of circulating crypto will decreased. Unless he trusted it to someone else and continue using cryptocurrency as his heir, which is better so someone can benefit from the earned crypto than letting it to put to waste and become inactive forever.

I understand that the tokens would stay in your wallet. That is obvious. The whole meaning of this post was to hopefully get people to start thinking about taking the necessary steps in order to secure their investments beyond their life. Whether it is sharing your keys and passwords with a close one, or planning to utilize Safe Haven in the near-future, something should be planned out so your investments don't get wasted.

[BitcoinHunt3r]

I already told my father and mother about bitcoin. And they only told me to be careful especially if bad news appear in television. Maybe we should tell them slowly, and prove that we can success with it. Before success, it is better to keep it first because some parents usually underestimate what their kids do.

Bitcoin and other crypto is must be taboo in their mind, and they might thought bitcoin is something that used in crime or something like money laundring.
But it's okay, we can tell them and prove them that bitcoin and cryptocurrency is the future.

Awkward moment when i tell them about crypto and bitcoin, in television appear some people who scammed other people with investment scheme. And about ransomware which get famous because attack a lot of computer in the world, they ask bitcoin as payment right?  When that happen, i only tell my parents if bitcoiin is like money, it can be used to any transaction.

[Zeke_23]

I have already told someone dear to me regarding my crypto, so if ever anything happens to me, she can use my crypto savings in any way she wants. I know she can use it in a good way because I really trust her so much.
I also divided my crypto so my family can get half of my crypto investment.

[nur1labs]

i give to my mother then father, our family and her family. my wife too even she not not understand. well money comes after my little brother trade it. on real many not know potential of it. when in the next future we can used for that.

[alexsandria]

As more and more investors join this sector, a question everyone should be asking themselves is: "What happens to my crypto if I was to die unexpectedly soon?"

I haven't told any of my relatives about my stuff about bitcoin and my portfolio specially my account. Age gap were the means of why I do find difficult telling something about crypto community. Aside from this even my brother itself doesn't even have any care about crypto currency itself I am just the one who are interested in this.

3) Take a look at Safe Haven. Safe Haven is building an Inheritance Platform that will allow you to do everything above, but with a legal entity that understands crypto and will make sure your funds get in the right hands. Not only will you reassured that your funds are secured and inheritable, but you will also be increasing the adoption of crypto yourself, outside of just investing into it.

This is good if the beneficiary were knowledgeable about cryptocurrency otherwise it would just go to waste. In my case, I do not have any, as much as I wanted my relatives would be the best choice. Besides choosing strangers were suspicious specially if they were bunch of greedy people in behind.

[Kambal2000]

I don't need to worry about it s my sister knows all my passwords in email, my private keys, so I know that if I will die now, my earnings, investments will not be buried together with me. I know that someone can access on it, so it is really better that someone you trusted knows about your password and everything.

[Leonardo7]

We pray for long life, however, my wife knows I am into cryptocurrency, I will soon induct her into it when I can buy her a laptop and a new phone, so she knows where I keep all my password. It's important we have a trustee not just for death's sake, tomorrow might be a different day.

[Itsmylife]

I keep all my passwords in my phone and anyone can access my phone if they have it, they can do everything with my cryptocurrency, so I don't worry if bad things happen.

[P4ndoraBox]

Good thoughs OP.

Will have to do some homework this weekend.

[julerz12]

I think TrustVerse and Digipulse is a similar platform. But as for me, I wouldn't trust my crypto to any 3rd party services. The best thing to do is, while you're still alive and kicking, make sure to teach and share your knowledge to the people you trust; people you wish to inherit your cryptocurrencies when you die. Teach them how to access your cryptocurrencies, how to effectively safeguard it, use it and possibly profit from it. Then, that's the time you can make a will about it. This way, not only they will surely inherit your cryptocurrencies, but they will also have full knowledge of what to do with it.

[cryptoblazter]

if ever this happen to me, I already told this to my girlfriend. Though, its too difficult for her to understand what I did here in cypto, at least little by little I'm trying to explain this to her until she understand what all this in the future. From how to trade, in the platform, to withdraw it from the wallet, and deposit it going to fiat something like that.

[Dabs]

Guys, go research and get term life insurance. 10 years maybe. For about $30 per month, your beneficiary will get $500k. More or less. This way, if I die and there was no plan in place to transfer the crypto, they still get something.

[Lmaooo]

Forget Safe Haven, I already wrote down all information regarding my bitcoin and altcoins wallets, even some of the cryptocurrency exchanges that I usually traded altcoins on a notepad and save it on my personal "private" flash drive in case if I die without notice. It is a very bad idea to store some crypto without writing down the wallet information, anything can happen in this life.

[zhengqi]

My loved one I live with is knowledgeable about cryptography. So I'm sure that if something happens to me, he knows where my passwords and private keys are and he can get my funds in the event of my death. It is very important that someone from your family was aware of this, so you need to tell them about crypto.

[nasipadang]

Bequeathed crypto that we have, a good idea but it's kind of terrible to imagine it. I have a friend who has cryptocurrency and trader, at that moment he suddenly died. Before his death, he told his family's a password and private key to open the crypto fund, with the help of our community successfully taking the funds and giving them to his family. I think cases like this are rare, but nevertheless you should really think of this will.

[novaprime]

Bequeathed crypto that we have, a good idea but it's kind of terrible to imagine it. I have a friend who has cryptocurrency and trader, at that moment he suddenly died. Before his death, he told his family's a password and private key to open the crypto fund, with the help of our community successfully taking the funds and giving them to his family. I think cases like this are rare, but nevertheless you should really think of this will.

I think that if you have entered this market, you should instruct your relatives how to get the property the easiest way because the incident may happen unexpectedly so many precautions should be taken. n my opinion should include specific details about the private key, 2FA, the exchange you are using so that your loved one can easily get it without major obstacles. I have been preparing this for a long time so if anything happens to me my relatives don't need to worry about the property.

[wedosgibas]

Good post, I think this all the time, but confused how to plan it. I think I'll have time to send all my balances to bank, I'm confident, I hope.

[tabas]

Good post, I think this all the time, but confused how to plan it. I think I'll have time to send all my balances to bank, I'm confident, I hope.

Does it mean that you're going to sell all your crypto holdings and turn it into fiat so that you will be assured that your crypto profits are secured with the bank? don't do that.
You should talk to the closest person that you want to give those holdings as your last will. Because if it's on the bank and nobody claims it, the bank will just simply claim it and take the money if your account becomes dormant.

[lienfaye]

Dying is inevitable thus I already plan what im going to do with my crypto incase something happened to me.

My partner knows everything about my investment and private keys, so if im gone he can access everything I left.

At first its a bit hard for him to understand crypto since he is not techie and rarely use computer but he did his best because its for the future of our kids.

[iamsange]

Dying is inevitable thus I already plan what im going to do with my crypto incase something happened to me.

My partner knows everything about my investment and private keys, so if im gone he can access everything I left.

At first its a bit hard for him to understand crypto since he is not techie and rarely use computer but he did his best because its for the future of our kids.

Must be really close to us either it is family or maybe partner like what you said. I never think about that yet because my parents already too old. And i am only an only child in my family. Want to trust my friend i think it is not good time yet.