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

[bohr]

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.

That is probably a good idea, creating a video they can use to claim your coins seems to be a good option especially if you tell them they should not watch the video until something happens to you, the disadvantage is that this solution will not last long as the technology is always improving and the video formats change so if you record your message now and you do not update it after a few decades it could be possible there will not device available that could play your video.

[babicena14]

Yeah, it's a sensitive subject. We cant know for sure what will happen to us tomorrow and therefore this is a very topical issue now. It will be very disappointing if in the event of any tragedy your family will be left without the means to exist simply because they dont know how to use this money.

[baeva2]

This topic is very sad, and I do not even want to think about death. Young people do not have time to think about this problem, because they are constantly busy, not even all older people think about it without feeling their age, because the soul does not age. Although you need to be pragmatic and take care of everything in advance. I have such a person who brought me to the crypto world and knows all my crypto data.

[ganeshramk]

Very interesting thread. I thought about this issue several times. Day by day everything is changing. Even with will, I am not sure others can find and use it effectively.

[HungryTigerGrouchyCrotch]

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

But, we have seen many cases where the brothers robbed and broke away for property, so could you really trust your brother? Won´t your brother exchange you for a property? Cryptocurrencies should be automatically transfered to brother´s wallet after some time of inactivity, like 1 year. That will solve many problems in your fraternal relationship.

[bohr]

This topic is very sad, and I do not even want to think about death. Young people do not have time to think about this problem, because they are constantly busy, not even all older people think about it without feeling their age, because the soul does not age. Although you need to be pragmatic and take care of everything in advance. I have such a person who brought me to the crypto world and knows all my crypto data.

If anything young people should be the ones that pay even more attention to this, old people being aware of their mortality take precautions about this kind of thing, but as you say those that are young never think about it because they think they have a lot of time before they have to struggle with those difficult questions, and if something happens to them then they are not prepared and it is always important to be ready to leave your assets to your loved ones no matter how small those assets could be.

[imutlinda]

Very interesting thread. I thought about this issue several times. Day by day everything is changing. Even with will, I am not sure others can find and use it effectively.

it helps you provide some knowledge to the people closest to your funds in crypto and provide knowledge about things that are beneficial. your funds might be better managed if something bad happens to you

[Zdraste16]

You raised a very important topic.  During life, a person thinks little about cryptocurrency inheritance.  I am interested.  A limited amount of BTC will be issued.  What will happen to the coins that, due to the death of the owner of the wallet, will be permanently lost?  Many lose their keys to wallets.  Time will pass and the number of lost BTC will increase.
 Regarding SAFE HAVEN, you need to analyze what conditions they offer.

[Cacingkemi]

I am sure there are some crypto users who have left their investment assets without giving a copy of the private key to the person they trust so that the money invested just disappears because no one knows the privacy key they have. indeed it is highly recommended to write a will about investing in crypto to be given to the most trusted family members so that the money we invest can be made as an inheritance by the beneficiary that we have chosen before death approaches us

[bohr]

I am sure there are some crypto users who have left their investment assets without giving a copy of the private key to the person they trust so that the money invested just disappears because no one knows the privacy key they have. indeed it is highly recommended to write a will about investing in crypto to be given to the most trusted family members so that the money we invest can be made as an inheritance by the beneficiary that we have chosen before death approaches us

This is very unfortunate, because there are many early adopters that probably never told their family about what they were doing on the Internet and how many bitcoins they had, so it is very likely that in the case something happened to them their family members will have no way to recover those coins and that is a real tragedy because even if at that point you cannot enjoy those coins I'm pretty sure that you will like for your family to do it and they will be unable to do so.

[mdzahed134]

Yeah, this is the very common question which is asking me a lot of my friends and also family members. Because they have no good idea regarding in the crypto space. Impact, it was also my concern before involve with cryptocurrency world. Now i have no worried about this issue if suddenly i will die than what's happen with my virtual assets not only crypto-currency. I already give the access all of the my wallet key in my family members.               

[cytpoway121]

Literally, I am not the type that likes to hodl
Once there’s a moon; I trade off to fiat

So basically it’s almost certain assets will be in fiat
And I have a private safe where all private keys are kept
Known to all

[Rick-C-137]

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.

totally agree.

me personally . I have a map attached to my will and testament to a location where i buried my keys and all details to obtain my laughable "not a lot" amount of crypto. It might not make them wealthy but i think the family doing the treasure hunt together could be fun .A way to not be so sad during the mourning process. The map looks like an old pirates treasure map. With clues and the whole pirate themed experience

[SolarWindMiningCompany]

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.

Safe Haven is a unique project that I came across early this year. My problem with some cryptocurrency projects is that after the presentation of idea, implementation and acceptance becomes a huge hurdle. Moving away from that, if I am incapiatated today, I won't worry much because my wife knows about all my crypto dealing as I have most of my recovery phrases and private keys hidden away in my diary

[Onuohakk]

If anything should ever happen, I think it will be the end of all my crypto assets. I remember when my phone had serious issue unexpectedly that I can't even operate on it for a second. Which the only solution then is to get my phone formatted. I lost all my crypto assets as a newbie cos I didn't write down my private keys. In other words death can come unexpectedly when we lest expect. Telling our close friend or family about our private keys will help, things can go wrong within a second when we lest expect

[pcfli]

I am not going to give away my hard-earned tokens to someone, to be honest. Instead of choosing random people, or someone who has giant technology information with quantum power can hack my system, I will give the private key written paper to my wife.

[Rick-C-137]

I took  a shower and gave this Safe Haven a second thought....

Not your keys = not your bitcoin


Let me present a situation.

I tell my family don't worry if something happens to me contact Safe Haven or whatever their process is. So i have been storing all my BTC with Safe Haven and even doubling down for years. 10 years pass and i pass. My family goes to collect from Safe Haven only to find out they did an exit or got hacked and your keys have been gone for years.. Your family did not just lose you they lost the security you had planned for them. You could have bought life insurance . I have no problems with Safe Haven project. I just think its a risk not needed

My short answer HECK NO

Teach your loved ones about Crypto. Teach them how to take it over after you go to the big blockchain in the SKY

[lunnatic]

I am not going to give away my hard-earned tokens to someone, to be honest. Instead of choosing random people, or someone who has giant technology information with quantum power can hack my system, I will give the private key written paper to my wife.

if that means everyone thinks that a quantum computer can hack a wallet easily?
this will be a serious problem for the cryptocurrency, if that happens the cryptocurrency will not be as attractive now, it might die

[Chainsmokers]

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.

When we die of course we will lose all of our assets in cryptocurrency and I personally haven't thought about things to teach people closest to me about cryptocurrency and how it is cryptocurrency, sometimes I also think about things to teach my closest people to understand about cryptocurrency but for now I have not taught it because I once told him about this and he was not interested.

[ije07]

in fact every investor or cryptoqurrency user of course has thought of the plan beforehand. because we all know that death is destiny and no one will live forever. for me personally before I joined the crypto room I had written a will and taught my brother about blokchain technology / how to access crypto. so I am not so worried about losing assets when death approaches me.