What happens to my bitcoin if I die today?

[Innerpumper]

Literally bitcoin details remain secret and personal to me. If I continue to keep my details secret of what use would it be to me when I’m no more and my love ones can’t benefit from my bitcoin? Here is my question what happens to the bitcoin of someone who died and didn’t disclose his/her wallet details to anyone? please I need response . Would the bitcoin be abandoned in the wallet forever?? Would it be a waste of bitcoin?

you must trust your nearest relative or wife's child. They are the people most entitled to your assets as well. It is worth remembering that some people also believe bitcoin as a means of investment. Perhaps you can also withdraw all your assets so that they can be passed on to what you want before death occurs

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[bryant.coleman]

you must trust your nearest relative or wife's child. They are the people most entitled to your assets as well. It is worth remembering that some people also believe bitcoin as a means of investment. Perhaps you can also withdraw all your assets so that they can be passed on to what you want before death occurs

No. In today's world, you can't trust anyone. People have become more selfish and devoid of human emotions. I am also holding a large amount of coins, and till now I haven't shared my private keys or passwords with anyone. If something happens to me, then all those coins will be gone. But that is a risk I am willing to take. It is simply a question of which risk you would prefer - getting your coins stolen, or your coins becoming inaccessible after your death.

[panganib999]

you must trust your nearest relative or wife's child. They are the people most entitled to your assets as well. It is worth remembering that some people also believe bitcoin as a means of investment. Perhaps you can also withdraw all your assets so that they can be passed on to what you want before death occurs

No. In today's world, you can't trust anyone. People have become more selfish and devoid of human emotions. I am also holding a large amount of coins, and till now I haven't shared my private keys or passwords with anyone. If something happens to me, then all those coins will be gone. But that is a risk I am willing to take. It is simply a question of which risk you would prefer - getting your coins stolen, or your coins becoming inaccessible after your death.

The idea is quite selfish but I understand because in this world you won't believe others but yourself. But imagine the scenario where your near relatives like your wife, children or parents might be the one who sadly need some funds because of something serious and by that funds it may change some serious or bad situation. Would you still risk not to tell to atleast one people about your funds? For me, I will always believe on my sister and I will tell my funds and private keys to her so that she may used it for emergency and for their needs if I am about to leave.

[peter0425]

Should make list detail one by one which one exchange market we have assets, and give all email confirmation and could give authy 2fa, I think the best thing how to give way with our family can withdraw and sell bitcoin or altcoin assets we have. Maybe giving to trusted friend know with bitcoin is better but will easy way if give to family because they are very trusted.

yes why  need to entrust to friends when there are your family and more than any one,the family deserves our hard earned money inside crypto.Maybe let them Learn what market is this and how you earn your assets so from that the Interest will grow to their mind and curiosity on how to deal with this ,May be sooner you will use crypto marketing as bonding time.

[taufik0911]

Should make list detail one by one which one exchange market we have assets, and give all email confirmation and could give authy 2fa, I think the best thing how to give way with our family can withdraw and sell bitcoin or altcoin assets we have. Maybe giving to trusted friend know with bitcoin is better but will easy way if give to family because they are very trusted.

yes why  need to entrust to friends when there are your family and more than any one,the family deserves our hard earned money inside crypto.Maybe let them Learn what market is this and how you earn your assets so from that the Interest will grow to their mind and curiosity on how to deal with this ,May be sooner you will use crypto marketing as bonding time.

I backed up all my private keys and passwords for all wallets, exchangers and e-mails then I printed them out and I gave some notes
that's what I did, I even told my wife that if I die, find my friend who understands cryptocurrency to take all my digital assets
this is just in anticipation if I die today

[Smartprofit]

Do you remember the story of the treasures of Abbot Faria (Alexandre Dumas' novel The Count of Monte Cristo)?

Pope Alexander VI poisoned Cardinal Cesare Spada at a dinner party.  Cesare Spada was very rich.  His treasures were buried on the island of Monte Cristo.  

Suspecting that Alexander VI will poison him, he encrypted the key to the treasure.  However, his heirs, lacking a sharp mind, could not decipher the key.  Therefore, the family treasures went to Abbot Faria, and then to Edmond Dantes.  This story teaches us not to complicate things.  If Cesare Spada directly told his heirs about the treasures, instead of forcing them to solve puzzles, then the wealth would remain in the family.

It's the same with bitcoins.

[cheezcarls]

I make sure that my Bitcoin can be inherited in case I “died” because of health, accident, etc., by writing them on a notebook and put it somewhere in my room. I would leave a letter letting them know that here are my “keys to the kingdom” that are composed of usernames, passwords, emails, public and private keys, mnemonic phrases and other confidential stuff as inheritance.               

[bryant.coleman]

The idea is quite selfish but I understand because in this world you won't believe others but yourself. But imagine the scenario where your near relatives like your wife, children or parents might be the one who sadly need some funds because of something serious and by that funds it may change some serious or bad situation. Would you still risk not to tell to atleast one people about your funds? For me, I will always believe on my sister and I will tell my funds and private keys to her so that she may used it for emergency and for their needs if I am about to leave.

Here we are talking about two risks:

Risk #1: my coins may become inaccessible, if something happens to me
Risk #2: my coins may get stolen, if I reveal the private keys to someone

For me, Risk #2 has a much greater probability of happening. I am a healthy human being in my 30s and the chances that something really bad would happen to me is very minute.

Anyway, it depends on the individual. If you think that for you Risk #1 has a greater probability of happening, then you can make arrangements accordingly.

[3meek]

The more people who have Bitcoin will die without telling anyone their private keys, the better for cryptocurrencies! Since these coins will disappear from circulation forever, the supply will decrease and the value will increase!
Kill yourself for an expensive bitcoin!

[Brugu software solutions]

Bitcoin provides a unique challenge upon death. Since bitcoins only exist ineffective form and are encrypted by their very creation, they are exceedingly secure. Each bitcoin owner has a personal password, or key, that allows secure access to the bitcoins kept in their digital wallet. Unluckily, there is no method of recovering this private key for a possibility there is no central authority that tracks the private keys.

If you pass away without leaving anyone the private key, your bitcoins effectively become unreachable to anyone. Likewise, if you leave your private key behind without a clear clarification of what it is and how to use it, your bitcoins are probable to stay lost. It's the same as a key to a welfare deposit box without any measure of where the box is located -- except that a bank will ultimately clear out a safety deposit box to recover the space.

[AakZaki]

death is unpredictable and nobody can guess it. Giving trust to one person in the family is a very right decision, because control of your account or wallet is not only held by one person but your trusted person will also have control. Creating a form or list of accounts and passwords and private keys is needed, it will become a cryptocurrency will. If we don't do this and our wallets cannot be accessed by anyone, accounts and wallets containing bitcoin or other altcoin assets will be buried along with death.

[Prince Malik]

Your bitcoin will siply lost forever in your wallet and no one have the ability to use it and spend it
If you dont want this to happen you must keep your private key to your children as a kind of heritage

[Altryist]

death is unpredictable and nobody can guess it. Giving trust to one person in the family is a very right decision, because control of your account or wallet is not only held by one person but your trusted person will also have control. Creating a form or list of accounts and passwords and private keys is needed, it will become a cryptocurrency will. If we don't do this and our wallets cannot be accessed by anyone, accounts and wallets containing bitcoin or other altcoin assets will be buried along with death.

I suppose that after death you will not care what happens to your bitcoins. For your own safety, you shouldn't give anyone access to your wallets during your lifetime. Even to the closest people, because life is too unpredictable. If you want, leave instructions on how to access your wallets in a stash, but make sure that they don't find her before.

[TedMosby]

Your bitcoin will be safe in heaven with you my friend, unless you tell someone before your death.
I am literally laughing reading the tittle. not because it sounds ridiculous, but it’s relates to me. Believe me or not, I always think about it, almost everytime I saw my portfolio significantly up. Lol
I have conservative parents, they dont even know how to facebook (oh, but they know how to youtube).
I have already told the, about bitcoin, at least it sounds familiar when they heard a word “bitcoin”.
I am about to write a guidance to locate and use my bitcoin after this.

Glad that I am not the only one  

[ZZ8ZZ]

Your bitcoin will be safe in heaven with you my friend, unless you tell someone before your death.
I am literally laughing reading the tittle. not because it sounds ridiculous, but it’s relates to me. Believe me or not, I always think about it, almost everytime I saw my portfolio significantly up. Lol
I have conservative parents, they dont even know how to facebook (oh, but they know how to youtube).
I have already told the, about bitcoin, at least it sounds familiar when they heard a word “bitcoin”.
I am about to write a guidance to locate and use my bitcoin after this.

Glad that I am not the only one  

I'm glad I have a sister who is okay with technologies but my parents are another story  The title got me thinking tho, I've never thought about this till now... I don't have a significant amount of BTC to my name but still you never know what might happen in the future and it'd be really selfish to die with your Bitcoins as funny as it sounds  I wonder what would be the best way to let your family know about your BTC in case something happens to you 

[globalcitizen]

After going through earlier comments on the post I can say that you must have gotten the needed answer to your question. But let me just add a few more words. Living your crypto lifestyle in secrecy with no member of your family being aware of where your crypto asset is kept, how it is accessed, and how much you've stored in your wallet, is almost like living your life without a will or testament for your family. If you fail to prepare and do the needful by carrying your family along on your crypto wealth journey then be ready to lose everything to your wallet after you're gone to the great beyond.

[CoinPeer]

The process of digital currency is a decentralized process.  In that process no one but you will know the news of your money.  Not having your private key means you can't use your money.  So it goes without saying that when you die, your money will go to the grave with you.  Since you didn't pass on your private key to anyone.  This will be best for you, if you use all your money for your family.  You can even make a home for your child.

[nebuch]

It all depends on the signs of death, whether you are sick or whatever you were aware of before you died and there is still an opportunity to tell your Bitcoin wallet private key in person or email.
And there's nothing wrong with giving your bitcoin wallet keys in good health to someone you trust if you think that far, and giving your wallet keys to your wife or other family members to keep your bitcoins handy and well guarded.

I agree, before the person dies in normal death he/she have time to say the last testimonial of his holdings and secret keys to his live ones. There is still chance to make the holdings beneficial for the family needs. The unfortunate is when the person dies in accident instantly and nobody knows that he has holdings. His tokens will buried forever not unless there is somebody who discover the keys in the secret place.

[fauzan123]

It all depends on the signs of death, whether you are sick or whatever you were aware of before you died and there is still an opportunity to tell your Bitcoin wallet private key in person or email.
And there's nothing wrong with giving your bitcoin wallet keys in good health to someone you trust if you think that far, and giving your wallet keys to your wife or other family members to keep your bitcoins handy and well guarded.

I agree, before the person dies in normal death he/she have time to say the last testimonial of his holdings and secret keys to his live ones. There is still chance to make the holdings beneficial for the family needs. The unfortunate is when the person dies in accident instantly and nobody knows that he has holdings. His tokens will buried forever not unless there is somebody who discover the keys in the secret place.

Indeed, this really needs to be understood, because investing in bitcoin is not like insurance. It is better if there are some parties who know the key so that when it is abandoned, whether it is dead or an accident, the family can still use the investment because they already have the key. But who wants such tragic conditions, the number is always I don't put it in just one place, of course this makes me much better.

[Negotiation]

The trends in bitcoin investing are very difficult to understand If no one knows its password and key then it cannot be recovered even if it has bitcoin after death This is different in the case of bank insurance because it is under the control of the government and after death the banks and insurance companies refund their full amount if the information is unknown but in the case of Bitcoin it is never possible. That's why it's good to give information to someone close to you about investing in bitcoin so that they can be found easily after death.