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

[imstillthebest]

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.

roight  .  i can trust my family more over my cousins but if that is its case then much better if he can make a statement ( like what you said ) so that the righful owner can guarantee that his cryptos will be spend on the right stuffs or will be given on the right kind of people such as his family  . his cousin can still get some shares tho   .  many people on the past didnt do it and sadly thier cryptos are lost in the space ( which is bad i think ) because it didnt circulate in the market .

[kro55]

Not Your Keys, Not Your Bitcoin - Andreas Antonopoulos

The down side of crypto is that there is no way to recover coins if you lose keys or lose the person. Best thing to keep your investment alive after your death is to pass keys/passwords to your next of kin asap. Everyone on this forums should spread this to create awareness.

[horrifiedx1]

Not Your Keys, Not Your Bitcoin - Andreas Antonopoulos

The down side of crypto is that there is no way to recover coins if you lose keys or lose the person. Best thing to keep your investment alive after your death is to pass keys/passwords to your next of kin asap. Everyone on this forums should spread this to create awareness.

by providing a key wallet to a trusted person, then the amount of supply of coins on the market will not be reduced. this will be a problem if the supply of coins is limited, of course it will inflate the price if there is over demand. and it could be that the supply will run out if more and more coins become treasures

[Kambal2000]

roight  .  i can trust my family more over my cousins but if that is its case then much better if he can make a statement ( like what you said ) so that the righful owner can guarantee that his cryptos will be spend on the right stuffs or will be given on the right kind of people such as his family  . his cousin can still get some shares tho   .  many people on the past didnt do it and sadly thier cryptos are lost in the space ( which is bad i think ) because it didnt circulate in the market .

You should at least trust your family and friends too, in times of need whether good or bad for sure they will be the one who will help you, so I don't have any reason at all to not trust them, in fact everything that I am doing is for them, every knowledge that I have, little by little I am sharing it to my friends and siblings as I want them to be part of cyrpto success too and for them to be able to have good source of income too.

[imutlinda]

my family knows that I have assets in crypto form and they also know how to access and sell them because I give all the information to my family that is entrusted. so I thought they would hold crypto when I was gone

[suzanne5223]

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.

I believe you misunderstand the above guy because what he said is that there are several people which is already aware of his password and where he kept is private information not that he's going to give the information out when something bad happen which he may not have the chance to do so.
Nevertheless, I don't support the part of giving out your wallet information to friend where you can actually give to someone within your family.

[AicecreaME]

Not Your Keys, Not Your Bitcoin - Andreas Antonopoulos

The down side of crypto is that there is no way to recover coins if you lose keys or lose the person. Best thing to keep your investment alive after your death is to pass keys/passwords to your next of kin asap. Everyone on this forums should spread this to create awareness.

You have to be advanced in order to do this, in short, always expect that you are not going to wake up tomorrow and do have a family meeting regarding about this will of yours, to pass your knowledge and private keys to your family, what I mean of family is your wide, and kids, not your other relative that could only act like they care but their plan is to steal it from your real family.

[Visbay]

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.

No one is going to give you a guarantee about saving your coins so don’t give your information about your crypto to anyone. People now a day do not trustworthy so abstain sharing your KYC with anyone. Everyone is going to die one day so yeah it’s important to have someone who can take your coins after your death but better trust only your close ones.

[Kodok Bencot]

Death can come at any time, my sister also knows crypto, and we use one PC so there are no secrets, I give all the information to my sister so that if I die tomorrow or now then my crypto is not lost.

[ilovealtcoins]

Surely no one will know about my money.  My family is uninformed and not interested in learning about cryptocurrencies.  I am considering whether I should continue with this market or not

[cotton ball]

Before you die better give your bitcoin account to your trusted family or friend, we don't know some thing bad happen to us because every time we faced with big risk, we have give bitcoin account to trusted family and ask him to keep and safe our data without hacked by other people, you will disappointed without give to your family because when you die your bitcoin keep on your wallet forever.

[cryptoloverlife]

Not Your Keys, Not Your Bitcoin - Andreas Antonopoulos

The down side of crypto is that there is no way to recover coins if you lose keys or lose the person. Best thing to keep your investment alive after your death is to pass keys/passwords to your next of kin asap. Everyone on this forums should spread this to create awareness.

That's why we should always share our information with our partners and it will help them to protect the coins after our death. We should always educate one of the people in our family so that we are not going to lose anything, that's why I am educating my wife what every the coin I hold in the wallets.

[Firefoxx]

To be on a safer side, I think it would be great to share your details to some of our trusted family especially siblings or those married to their partners in case of tomorrow as nobody praise to die early but we hold not the key to death. Would be incredible we share details out kinda.

[lousie9]

this is like the saying, available umbrella before it rains.
so I mean, before I joined the crypto industry, I learned about blokchain technology, including the basics for accessing the crypto wallet. on the other hand I began to teach these basic things to my brother. I trusted them, so that if death came to pick me up, I would not worry about losing assets in my wallet.

[kapalmabur]

this is like the saying, available umbrella before it rains.
so I mean, before I joined the crypto industry, I learned about blokchain technology, including the basics for accessing the crypto wallet. on the other hand I began to teach these basic things to my brother. I trusted them, so that if death came to pick me up, I would not worry about losing assets in my wallet.

very interesting question on this topic, some people have not realized that when death fetches their assets will disappear,
this is like the news that I have read before, when people have large amounts of bitcoin then that person dies finally no one knows his private key and finally missing,
this is a lesson of course and I'm glad this topic was discussed

[Vishnu.Reang]

I have taken the backups of my Bitcoin wallet, but I haven't shared them with anyone. No one in my family understands the concept of cryptocurrency and there is no one among my friend circle whom I could trust 100%. I guess it is better to keep it that way. If I share my backup with someone, then there is always a chance that my wallet will get hacked and coins will get stolen.

[anjiitem]

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.

Sometimes we don't think about it and it can happen to us anytime. And I personally agree with the second option that you provide to teach people closest to me about what cryptocurrency is and how to access and do various things in cryptocurrency because for me if we only leave notes in a will but the people closest to us do not understand what cryptocurrency is and how to access it, it will only be in vain.

[Coltpython]

That is a very sensitive topic as not many people actually see themselves dying anytime soon. But it is good to take necessary precautions as it will give your close family additional funds to handle your burial with. Safe haven is a cool project for this. As for me, I will leave clues and instructions that my family can find which will lead them to my crypto assets

[Rcoinmoon]

This question is deep, well for me my younger brother has access to my crypto assets so if anything should happen to me he will take charge of my assets

[doomloop]

Not Your Keys, Not Your Bitcoin - Andreas Antonopoulos

The down side of crypto is that there is no way to recover coins if you lose keys or lose the person. Best thing to keep your investment alive after your death is to pass keys/passwords to your next of kin asap. Everyone on this forums should spread this to create awareness.

We all share our secrets with someone, so why not sharing our keys with those people too. Lost of key is equal to murder of coin. These assets are very precious and a good planning should be done regarding them, which must cover all scenarios. The developers need to take this problem into account too. So far, only the customers are making efforts in this regard. I am pretty sure they can come up with a better solution.