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

[Bitbtc8]

If i die tomorrow all my coins and tokens RIP as well because i have no one to share my things with, i leave alone, still have families but they have crypto for a reason i can't still figure out yet, kinda like they are waiting for my failure

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[ajiz138]

it reminds me how important it is to make special records for people we trust who will manage all the assets we have after we die. After this I will prepare everything, even this account will become one inheritance as well and continue to become a bounty hunter. safehaven can be an option as a legacy platform, just using safehaven can all be done easily and falls to the right person.

[crisanto01]

If i die tomorrow all my coins and tokens RIP as well because i have no one to share my things with, i leave alone, still have families but they have crypto for a reason i can't still figure out yet, kinda like they are waiting for my failure

That's sad to hear, you don't have even siblings that you can trust with your fund too? As per me, I managed to share my credentials to my daughter, as my wife can't fully understand technology, he just know how to browse internet, liking facebook status, but when you say searching things out, she doesn't know well even turning on of our computer unlike my daughter who at young age wanted to learn trading.

[Pham_Kinh_Kong]

Cryptocurrencies are like cash, guys. I think that if that were the case then my cryptocurrency would be considered an inheritance. I don't worry too much about this

[ProteinBar]

I haven't thought about this yet and haven't made any plans on this. I think your comment is very good, it helps me better understand this surprise. thank you. I will write the will.

[traducteurTor]

I think that if this happens unfortunately, things will get worse. Everything is not the most difficult thing prepared, the will is not always written. inheritance is extremely complex. Could you please help me with more information?

[kaneki007]

A very good question because i didn't think about this before, but if this happens i have already told my family if i have crypto assets and have educated them about what crypto is.S o i'm not worried about this if one day it happens to me

[vanya.pronin.1983]

Now when you ask this question, I realise that nobody would have access to all my tokens/coins, because nobody really cares about crypto besides me. Maybe I would write a letter, where I explain all the steps of how to get it.

[boris1044]

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.

One of the largest advantages of a crypto wallet while you’re still alive is that no one can get into it. This isn’t so great once you’re dead.

To get into a crypto account, you’ll need a private key. A private key is an unchangeable password, which is generated when you create a new cryptocurrency wallet. Each wallet uses a string of random characters called a public key visible to anyone, as an address for sending and receiving the cryptocurrency. A separate private key allows the owner access to the wallet’s contents.

So, the process should be simple after you die – just make sure that someone gets a copy of the private key. In practice it’s simple, but it isn’t always safe or viable.

I guess you could cut up your password and put it in separate trusts, numbering the parts. Though, make sure each person knows about this plan to stop it from getting too complicated.

[Shepard777]

I believe that the best solution in this situation is a hardware wallet, because there are 12 words that can restore access, you just need to give the words to the person who will gain access to your funds in case of your death. But this person really needs to be reliable, because he can restore access before your death and steal all your savings)

[deodivine1]

I think those who wish to do the cryptocurrency will should try as much as possible to avoid letting this into the hand of third-parties. I would prefer having my cryptocurrency automatically transferred to my family once it's certain that I am dead. Peer-to-peer transaction is a very important ideal of cryptocurrency.

In as much as I detest involving third parties with my crypto holdings, the point here is that when you are gone and nobody knows your private key or mnemonic phrase or keystore, automatically your crypto holdings are lost forever. The project mentioned "safe haven" has a unique aim, even though I doubt if anyone has actually used their platform for this purpose (personally I'm skeptical too).

[Chemcrier]

With the way I set mine up, if anything were to happen to me, my wife would be able to access all my funds and if anything were to happen to her simultaneously, then I guess it would just stay dormant in my wallet, thanks very much, I would take a look at Safe Haven and see if it's a viable option, it's amazing to see how far Cryptocurrency has come, I am sure that if a project like this existed and they deliver on their promises, so many bitcoin wouldn't have been lost.

[alt-fire]

If something happens with me today or tomorrow, I have a several peoples whom can I trust. They know my passwords, where I keep it and how to access to my funds. Also they know how exchange it to fiat.

[asus09]

If something happens with me today or tomorrow, I have a several peoples whom can I trust. They know my passwords, where I keep it and how to access to my funds. Also they know how exchange it to fiat.

How come you can give your data when you die tomorrow before giving now? did you think when you die some thing bad happen to you and have chance to give your bitcoin wallet account to your family? before some thing bad happen with you better give your important data of bitcoin wallet with your trusted friend or family, give all wallet for them.

[barnes13]

If something happens with me today or tomorrow, I have a several peoples whom can I trust. They know my passwords, where I keep it and how to access to my funds. Also they know how exchange it to fiat.

Sometimes I still think about actions like this, if we have given important data now to people we trust, can they provide guarantees for it? Then what do you mean by the person you trust is your family or your friends? I prefer to give it in the form of objects that can only be opened when I have died.

[elewton]

If something happens with me today or tomorrow, I have a several peoples whom can I trust. They know my passwords, where I keep it and how to access to my funds. Also they know how exchange it to fiat.

Why not instruct your loved ones to use it? Since withdrawing money from the market usually does not take much time and only requires a little knowledge, they can do it. I never trust others so I will never guide them because the risk is too great and if they are greedy, they will definitely take all your assets. In my opinion you should guide your parents right now or make a detailed video tutorial for them to understand.

[sazonk]

This is an extraordinary question, very unthinkable before because it is too preoccupied with crypto and all of its games. And the thing that you are asking about does indeed happen in essence there isn't any human being who can live forever. Ok, then what about crypto assets if we die later on?
In this case I strongly agree with your suggestion:

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.

The point is we make money by investing with crypto is to generate profits that later for who else if not the people closest to us, I strongly agree to introduce, teach, and socialize about crypto to those closest to us. And if we die later, those closest to us such as wives, siblings, children because they already know about crypto surely they will not be confused to save or secure and utilize our assets that have been left dead. At least we have ever made a letter or note containing official data relating to crypto. Except for those who are involved in crypto, but so far they don't have a reliable asset.

[Bezobraznike]

   This is not a new topic, people discussed the same thing before. I learned about that years ago, you need to have private keys
if you wish to own coins. What will happen with private keys when I die? Well in that case my wife will take external hard drive and
there she will find a folder with private keys.
   I'm thinking to write them all in a notebook and to have private keys on two places, just in case! You never know what can happen
it's on us to keep private keys safe.

[Gotumoot]

My wealth in crypto is not as great as that of others and I have a small amount of different coins which I hope will increase in price as time goes by. So I figured out the way in case I ever leave this world, my cousin already knows my private keys and other important things left in crypto and the cyber world. And when I lose my only cousin's job is to open the box where private keys, passwords and more are written on paper, as well as my important documents and who will be given a part of my wealth.

[oktana]

My wealth in crypto is not as great as that of others and I have a small amount of different coins which I hope will increase in price as time goes by. So I figured out the way in case I ever leave this world, my cousin already knows my private keys and other important things left in crypto and the cyber world. And when I lose my only cousin's job is to open the box where private keys, passwords and more are written on paper, as well as my important documents and who will be given a part of my wealth.

You have to make an agreement where your cousin gets 20% of shares, etc. If not, then he can do things that are not appropriate, this must be done if indeed your coins succeed with altseason with a fantastic increase, sometimes we don't must trust anyone outside our small family. I am also worried about matters relating to crypto inheritance, but agreements must be made clearly if it must involve others, if necessary with a religious agreement.