What happens to my bitcoin if I die today?

[2double0]

If you set up a nominee, only then your blood relatives can go and claim for your money or it will be gone too. And for that, they will need to present their official identity proof before they are given the authority of the funds. If you want to make your loved ones happy, just share the recovery phrase or at least the private key with one of your most trustworthy persons whom you want to have your btc when you are not alive. I pray this should not happen and will ask God for your long life so that you witness how btc changes lives.

[death69]

You can write down your Recovery Phrase or private key in your testament so that your child or perhaps your love's ones can easily access your wallet after you pass away. If you even want a more secured way to keep your code secretly, find a secret spot and hide your code their, remember to note down the location in your testament, too. Or perhaps you can transfer all of your bitcoin into money when you get old so that it will make everything easier for your family in holding your assets

I guess it would be useless if your family do not know how to use bitcoin. Teaching them how important the our privacies are and what companies are doing to steal our data can disclose them the truth lie under our modern society. Then, they will eager to use the blockchain so that they understand how to convert fiat into cryptos

[BlackFor3st]

These questions have been debated for a very long time already, as a fellow holder it will be good if you can prefer to this kind of happenings especially if you are holding a
huge amount of portfolio in your wallets so your relatives or families can benefit to your money if in case you will die unexpectedly.

Last will is the best option for it and only your trusted family members or relatives can withdraw your money in case there are something that will happen to you because if you cannot
transfer your private keys to your family or relatives when you die then your money will be sitting in your wallet forever and no one can use it therefore we can consider it as as waste of bitcoin.

[ChiBitCTy]

This topic has come up a few times over the years that I've seen, and I did a write up about it as well.  Now my write up is more geared/focused on bitcoin "collectibles" (think coins that have been turned in to paper wallets), but it still works just the same regardless what way you hold your bitcoin. Below is the link to the write up I did.

https://bitcointalk.org/index.php?topic=5134350.msg50703294#msg50703294

[Yatsan]

If you ever die, all your Bitcoins as well as the other cryptocurrencies stored in your wallet will remain untouchable or unspent for the reason that no one have the access to your account and no one can manage to access your cryptos stored in your wallet. So better make sure that you have already set plans on how can someone from your family or one person your truly trust the most can be able to access as well as use your cryptos in your wallet once you are already gone. Better make sure that someone will benefit from the ones you have worked hard for it will just remain in there if you will not make any other way possible on how they can be able to make use of those crypto. Assure that someone have the access on it as well as educated to make good use of it as early as possible so if ever you die unexpectedly, someone can use and be your beneficiary for the cryptos you have left on your account.

[Dsdaq]

There's no single answer to that question. If you pass away without leaving anyone the private key, your bitcoins effectively become inaccessible to anyone. Similarly, if you leave your private key behind without a clear explanation of what it is and how to use it, your bitcoins are likely to stay lost. The simplest way is to make sure that your heirs are aware of your bitcoin account and that you either trust them with the private key now, or store the private key in a suitably secure location such as a safety deposit box.

[Hasan905]

In this case, you can always leave some hints to your beloved one, so that it can be helpful for them to get access to your key store. Maybe not only your wallet, other important things that they should be known after your dead.

[dunfida]

Bitcoin as a Decentralized Cryptocurrency has no physical structure just like the bank. It’s basically stored in a digital wallet/account being operated from a mobile device and its security embedded there also. In creating Defi wallet or block chain account no available section for next of kin or third party details Its always advised to keep Recovery Phrase details secret  in save location, these will help in recovering the wallet.

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?

Several threads might be interesting for you to read about bitcoin inheritance which you might be getting some idea that had already been mentioned.
https://bitcointalk.org/index.php?topic=5194028.0
https://bitcointalk.org/index.php?topic=5097720.0
https://bitcointalk.org/index.php?topic=5106560.0
https://bitcointalk.org/index.php?topic=5245183

Aside into those threads above and on my opinion.I do already tell my wife about my crypto holdings and in case i die then they are much aware
on how to pull off those funds. Explain everything to her but frankly speaking i havent speak out yet all of my assets.
I cant really just my wife fully. 

[examplens]

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?

I can tell you from direct experience. My friend died six months ago due to lungs cancer. I can't say that is not expected, because the struggle with the disease lasted a long time. somehow we hoped he would get away with it and we never talked about "what if" and how to allow someone to have access to his portfolio.
Now six months ago I still trying to take anything, from his different wallets and exchange which they use and have funds on them. I get access to his email account (with the consent of his wife and children) but on some exchanges, I need to do verification, which is impossible now. Also, I try to recover his hard disk to find key files, seeds, passwords ... which goes very hard. I find something, but he named is on a very specific way which significantly complicates the whole thing.
for now, I can't tell his family how much money locked he has until I can transfer them to the fresh wallet. But the fact is that I may be able to recover 15-20% max.

[Oceat]

In this case, you can always leave some hints to your beloved one, so that it can be helpful for them to get access to your key store. Maybe not only your wallet, other important things that they should be known after your dead.

This has been quite a topic lately but for the meantime users who owned Bitcoin should leave a clue or something to their loved ones once they die. There are different methods in doing this and it is being debated already before since Bitcoin is not supported yet by passing the next owner if the ones who owned that Bitcoin is dead. So, putting something like a clue or a passphrase to a certain paper and hid it or give it to someone you can trust to pass it if you die.

[adzino]

Bitcoin as a Decentralized Cryptocurrency has no physical structure just like the bank. It’s basically stored in a digital wallet/account being operated from a mobile device and its security embedded there also. In creating Defi wallet or block chain account no available section for next of kin or third party details Its always advised to keep Recovery Phrase details secret  in save location, these will help in recovering the wallet.

Yeah, it is going to be lost forever. It won't move from your wallet at all. Isn't this what is supposed to happen? Your keys, you own the coins. No one else owns it even after your death!

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?

If you want your "love" ones to have access to your wallet after your death, you will have to share all the details with them. As long as you trust them, I don't see any harm in sharing everything with them. And I think there are some third party services that might be able to do this for you. After your death, they will be able to pass your keys to your loved ones. But in this case, you will either have to use their centralized wallet or share your keys with them which again brings the problem of trust, centralization and "Not your keys, not your coins".

[Wesleyeric]

This is a great topic, I’m in love in this topic but it difficult to reply, but I just have to say if you have any one close to you, You can be to tell them about your wallet, Give them the password to wallet, or the recovery phrase.Tell them about bitcoin market and how to convert the money to physical cash, this is all I have to say

[mangsitin]

My advice is, you have to tell your wallet and password to your family, to your wife, your children, or you can also write down each of your wallets on paper and stick them on the wall.  and if you don't tell them, your bitcoins will be lost.  it happened to my friend, when he forgot his bitcoin password wallet.  52 Bitcoin in his wallet cannot be accessed.

[Wapfika]

Include it in your will along with other personal file of yours, it would be better if you will put instructions or links of tutorials if you don't want to let anybody else knew that you have bitcoin now. Print the instructions if it's in a trezor or details how to access it, however if it's so sudden this may not be possible only those old and who got sick can plan it so just better have someone you trust know it early that you have some of it.

[CarnagexD]

Yes, your bitcoins will be forever left in your wallet if you die today. Maybe you will give your child a private key to pass your bitcoins on to your child. So, if you are dead, your child will inherit your bitcoin and will not be buried in your wallet forever.

This is pretty much the case basically. No other way for people to get a hold of your precious bitcoins when you die, not even your relatives. Though this may sound sad, there are other ways of entrusting your relatives of this which includes dividing your seed phrases to more people in order to ensure that whoever decides to open your wallet, it will be of course through a built consensus between this group. Personally, I plan on doing this trick to ensure that no single person in the family can get a hold of it and hog it for themselves. If you gotta take it, you have to share it.

[#dhabitamartha]

bitcoin uses decentralized per to per system and does not use one admin so the owner is responsible for his own bitco because this wallet knows our own keys, so the responsibility itself is different from the bank, there is proof of transfer and works with the accountability of bank officers and it is done with meetings between people, so now our bitcoins move to the bank before getting sick or we tell the key sibling and how to take our bitcoins in the wallet.

[ralle14]

I hope that I can somehow transfer my crypto wallet to my children officially. Because I keep a fairly large amount in BTC and EOS on my Ownr and Trust wallets. Are there any ways to make this official in the US?

Adding your crypto in your will should make the transfer official. Those wallets you mentioned have seed phrases as a backup so it shouldn't be that hard to set up a quick step by step for your children to open your wallet and claim your bitcoin/eos. Or even better do the same thing as mocaccino did and teach your children how to use bitcoin wallets.

[tanjiran]

if no one else can access the wallet then BTC and other cryptos will be eternal there.
Is it wasting bitcoins?
In my perception, it can become a "holder" which will make the limited amount of BTC even rarer, so the price will increase. Well, no one will be harmed, but it's a shame if the BTC is just trapped there. so it's better to make notes or the like regarding your crypto ownership. So that when something untoward happens, there is someone you trust who can access and use the asset properly.

[kevinzxz]

Bitcoin as a Decentralized Cryptocurrency has no physical structure just like the bank. It’s basically stored in a digital wallet/account being operated from a mobile device and its security embedded there also. In creating Defi wallet or block chain account no available section for next of kin or third party details Its always advised to keep Recovery Phrase details secret  in save location, these will help in recovering the wallet.

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?

Your Bitcoin will just disappear if no one knows the private key of your Bitcoin wallet, so my advice is that you should give the private key you have to someone you love and trust, because as you say if you are die right now, then Bitcoin that you have will not be lost in your wallet, because the people you love and trust will be able to take Bitcoin that you have in your Bitcoin wallet.

[FinneysTrueVision]

Your Bitcoin will be lost if you die. There are some premium services such as Casa Covenant that make it possible for you to inherit your Bitcoin to your family. I works using 3 of 5 multisig where the keys are distiributed amongst an estate lawyer, Casa, and then another key is stored in a safety deposit box. The other keys are owned by the user so they can still have access to their coins while they are alive.