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

[Oneandpure]

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 understand the thought of this is depressing, but it is inevitable and the only thing that matters is whether you prepared for it or not. Most of us have enough money in this game to start preparing for this in order to prevent it from going to waste.

If you haven't planned around this, or even thought about it yet, I recommend investigating the few options below:

1) Include all your wallets and passwords/seeds in your will. Make sure you include instructions on how to access your funds as well as giving these to someone not familiar with crypto will be just as useless as not even including them in your will.

2) Along with the will, teach the closest person in your life how to access your funds. Whether this is your significant other, family member, or really close friend, make sure someone understands how to access a wallet and transfer/sell the funds. Just like how you should be researching projects before you invest in it, make sure you choose who you share your secrets with carefully.

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.

So no matter what you are invested in, if it is a large amount of money, I recommend you begin thinking about the future. Crypto is very complex and requires a lot of time to make it fully inheritable, so please make sure you take the appropriate safeguards and steps in doing this correctly.

Before you dead you have save your crypto account data in your computer, you can give data to your family where you can trust him. Without giving data to your family when you dead all bitcoin and altcoin assets in your wallet gone without get cash out, will be forever in your wallet without no one can take your bitcoin and altcoin assets for your data.

[minairia3]

I have been thinking about this for a long time. I have prepared it so that my cryptocurrency can be owned by my family one day if I die.. I have left a letter in my personal safe and it contains about where I keep my crypto coins, emails, and private keys.  I told my wife that "as long as I was alive no one could open my personal safe unless I died first"!!  I'm lucky.. my wife listens and wants to understand what I mean.

That's funny. But seriously writing all keys, and emails, is very nice the only problem here is how they can grasp all the procedures in handling those asset. Yes there is an instruction but if youre not really into thing like crypto then it will take time. I suggest that write also in the note, a referral or recommendation to someone you know very close that knows crypto as well. He can help in cashing out those funds for them.

[Insomnia family]

in fact I was not worried about all the investments I had, when death came to pick me up. because all the crypto assets that I have are stored safely and only my family knows about this. I even occasionally start teaching crypto to my family so that tomorrow my grandchildren will not be surprised to know cryptoqurrency in the future.

[ivan1975]

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.

As far as I know Digipulse ia scam project. So, it is very dangerous to trust your crypto assets to a third party.
Recently, another project announced the Bitcoin Inheritance Service:
https://blog.keys.casa/announcing-casa-covenant-bitcoin-inheritance-service-and-protocol/

[leea-1334]

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.

Why explain it to her if she does not understand it well? Just leave a will, and instructions on how to download a wallet client, and restore the seed, and she has your bitcoin. Or leave instruction to lawyer to liquidate bitcoin when you die.

Do not leave it to people to understand. Leave them exact instructions step by step.

[Metall303]

in fact I was not worried about all the investments I had, when death came to pick me up. because all the crypto assets that I have are stored safely and only my family knows about this. I even occasionally start teaching crypto to my family so that tomorrow my grandchildren will not be surprised to know cryptoqurrency in the future.

you have a good strategy and the most important thing is that your family learns to understand how to use cryptocurrency and how to safely store it. if you manage to teach them then you will do a great job for them

[huu78]

I am very confused about the issue where not many people know this cryptosystem. If we were to die tomorrow if we could inherit our assets?
When they do not understand all of them even their passwords and private keys are not understand.
So for the anticipation, we have to draw our assets or teach them how to use the crypto itself.

[wedosgibas]

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.

Yes, someday, I hope I have time

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.

People closest to me, not very familiar with technology, especially crypto, I not yet have a life partner, I think I'll think about it later. Banks are more accessible, and people closest to me understand that.

[coin-investor]

Safehaven service or similar service is right in targetting this industry, imagine there are millions of people investing in Cryptocurrency and majority of them had a portfolio consists of coins that will have chance in the market in the future, maybe not now, but imagine if these coins are lost because the holders did not know how to properly give this to his loved ones, when his time has come, so there should be a company or companies that should manage this for the family of the holders.

[Wapfika]

Safehaven service or similar service is right in targetting this industry, imagine there are millions of people investing in Cryptocurrency and majority of them had a portfolio consists of coins that will have chance in the market in the future, maybe not now, but imagine if these coins are lost because the holders did not know how to properly give this to his loved ones, when his time has come, so there should be a company or companies that should manage this for the family of the holders.

I wonder if there will be something like insurance companies in online crypto will do such task. In Life Insurance your beneficiaries will get some amount depending on your chosen plan when you die, but since crypto is decentralized I wonder if there will be business or blockchain project that will do this which is seems to have a potential.

[alt-fire]

For that reason, if I die - I have a plan. All my crypto will move to my wife or mother. I will give them my keys and passwords. Also - they know how exchange it and who can help them.

[stephanirain]

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 understand the thought of this is depressing, but it is inevitable and the only thing that matters is whether you prepared for it or not. Most of us have enough money in this game to start preparing for this in order to prevent it from going to waste.

If you haven't planned around this, or even thought about it yet, I recommend investigating the few options below:

1) Include all your wallets and passwords/seeds in your will. Make sure you include instructions on how to access your funds as well as giving these to someone not familiar with crypto will be just as useless as not even including them in your will.

2) Along with the will, teach the closest person in your life how to access your funds. Whether this is your significant other, family member, or really close friend, make sure someone understands how to access a wallet and transfer/sell the funds. Just like how you should be researching projects before you invest in it, make sure you choose who you share your secrets with carefully.

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.

So no matter what you are invested in, if it is a large amount of money, I recommend you begin thinking about the future. Crypto is very complex and requires a lot of time to make it fully inheritable, so please make sure you take the appropriate safeguards and steps in doing this correctly.

Putting the keys of your wallets in your will is the only way I know to safely pass your properties from this industry to your love ones when you die. It is good to have a plan in case anything happens. It is indeed vital to also teach those persons how to use and handle your wallets. It is even better to teach them about this industry and encourage them to participate as well. It can be good bonding time as well as long as you explain to him/her the risks that every move in this industry bares.

[Pinkris128]

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 understand the thought of this is depressing, but it is inevitable and the only thing that matters is whether you prepared for it or not. Most of us have enough money in this game to start preparing for this in order to prevent it from going to waste.

If you haven't planned around this, or even thought about it yet, I recommend investigating the few options below:

1) Include all your wallets and passwords/seeds in your will. Make sure you include instructions on how to access your funds as well as giving these to someone not familiar with crypto will be just as useless as not even including them in your will.

2) Along with the will, teach the closest person in your life how to access your funds. Whether this is your significant other, family member, or really close friend, make sure someone understands how to access a wallet and transfer/sell the funds. Just like how you should be researching projects before you invest in it, make sure you choose who you share your secrets with carefully.

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.

So no matter what you are invested in, if it is a large amount of money, I recommend you begin thinking about the future. Crypto is very complex and requires a lot of time to make it fully inheritable, so please make sure you take the appropriate safeguards and steps in doing this correctly.

I might as well start planning similar to this especially that there are things that is inevitable. So, in case of panicking about life and other things, it will more efficient to work on a will. Including the wallets a well as instructions on the will is a sound plan. One's life is short and pale but it doesn't ends there. Passing your wallet to someone else is like passing a legacy and to continue the dream that you might not meet. I know it is sad, but it doesn't mean the dream won't happen.

[Kimzenibi]

non of my friends or family believed that crypto will be the future even though some of  them have an idea about the whole thing in general. I normally write every important piece of information down in my jotter, as i believed it is the safest way for me. one day if i am no more, all the information that would be needed to access my funds will always be available to my next of kins.

[prehisto]

This is a solid point , and something to think about.
The problem is that young people dont think of such things , only older people think of the possibilty of passing away.

I for example have not shared my keys to noone.

Also I know that there was few projects which were working with this problem and somehow were trying to solve it.

[Brybro27]

One's life is short and pale but it doesn't ends there. Passing your wallet to someone else is like passing a legacy and to continue the dream that you might not meet. I know it is sad, but it doesn't mean the dream won't happen.

I like how you worded this. I don't know if everyone looks at it the same way, but for me as well, investing in crypto at this point is more about investing in a project and adoption. I'm not looking for quick returns; rather, I'm looking for long term development and adoption. I'm only invested in the projects that I believe will make an impact in this sector and in the world.

So when we talk about making our crypto assets inheritable, for me as well, this means passing on my dream of increasing crypto's adoption and supporting the projects that I'm committed too.

[desticy]

Ideally, you should create step-by-step instructions for your loved ones so that in case of your death they could gain access to your cryptocurrency.
This instruction can be executed together with the will and transferred for storage to the appropriate authorities or to your lawyer. A simple envelope with unknown contents along with a will.

[KennyR]

Nothing big gonna happen, because all that I've as bitcoin is the earnings out of the cryptotalk campaign. This will be taken by the yobit exchange as the pay is credited to the yobit account. Myself trying to buy and hold for the future, but I was unable to bear the expenses of the family and then spend on buying a little as investment for the future.

[Shasha80]

Actually when I think about death, I really don't want to talk about it. Because there's still a lot that I want do in this life.
But death will surely come whether we accept it or not. Let's talk about fate crypto that I hold until now if I die. If I will
make a plan related to this with make all important notes about privacy in one file, then I save it on a flash drive. Save
The flash drive is in a safe place and is known to those we care about. So when we die all inheritance The crypto is all there.

[SquallLeonhart]

Hey OP, you got great points here, first, you are right that we should try and include our coin in our will, but the reason why we may not really get attention of people on this is because we have too many young people that are in their early 30s and 40s in this cryptocurrency market, and none of them really do plan for death because they feel that they are young and forgetting the fact that death is not a respecter of anyone, most people that usually do pay attention to will are the ones from above 60s, but this will be great way to pass on our cryptocurrency to our beloved ones when we die.

Another point that I could grasp from your write up is that we should just ensure that we make some of our loved ones have the secret pass to our crypto which would have been a really nice idea also, but in this corruptworld that everyone is an enemy, people would even kill you before your time to have access to it. So trusting someone now is really not that easy.