What happens to my bitcoin if I die today?

[carlisle1]

If you die then your BTC will be secure in your wallet. But if you tell your private keys and password to anyone then he will access you wallet otherwise your BTC will Secured in your wallet for life time.

Sounds pretty basic eh? but the question is on how you would arranged up on things on letting others knows your keys when you are still living? Of course you would really be hesitant on doing so because you dont

like for them to access out your keys while you are still living and majority of us is a little bit secretive even into our loved ones which you wouldnt tend to tell on what you are dealing with.

So this means that you would really be making some will incase you die, but hope that those information wont be leaked our opened out before you die.

Valid question,  it's a normal human behavior not to trust that much if it's about our investment.

We tend to say that we need to have someone who we really trust to take care of our assets in case we died unexpectedly, but like your statement said, how you will execute and how will you choose the right person to entrust everything?

Really, a matter of hard decision making, but the fact that we needed to do this in order to secure our money if something

happen and everything that we invest in will be enjoyed by our love ones..

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[LUCKMCFLY]

If you die then your BTC will be secure in your wallet. But if you tell your private keys and password to anyone then he will access you wallet otherwise your BTC will Secured in your wallet for life time.

You are right and that has happened to many people, in fact, for those who have lost their BTC at the time of death, it is because they never left their private keys to family or friends, and this causes a positive effect on the market, because the economy it becomes more and more deflationary, and since the BTC limit is limited, it will never have any inflation, there will always be a way for this economy to survive any eventuality, what needs to be improved is the case that one day we run out of electricity and/or or no internet.

[kotajikikox]

If you die then your BTC will be secure in your wallet. But if you tell your private keys and password to anyone then he will access you wallet otherwise your BTC will Secured in your wallet for life time.

It's true that bitcoins will still be stored neatly in our private wallets, if no one knows our wallet's private keys. If anyone knows about our private key, of course he (who knows the private key) will take ownership.
But I think, we have prepared for it, as for example we will give to our heirs.

Lol most of us don't wanna share our Keys to anyone as we are confident to be keeping the Hold for long time , but the problem if there is a unexpected things happened, if we die in accident or something related to that matter.
this is the reason why we must be need to trust someone that will keep hand our coins if there is the same situation happened.
this is the sad thing about crypto investing because since this is super secured then even our love ones cannot access without our authorization .

[xSkylarx]

First and foremost, the likelihood of bitcoin dying today is extremely low, but it is still a possibility. If this occurs, we will have nothing to do because it has already died; we will simply have to learn to move on and will lose all of the money we have invested in it. Because the price is currently too high and there are a large number of holders, this is an extremely unlikely scenario at this time. Alternatively, the coin's owner will run the money or all of its holders will sell it so that no buy order will be filled will bring it to an end.

[GoodLuckHK]

If you die then your BTC will be secure in your wallet. But if you tell your private keys and password to anyone then he will access you wallet otherwise your BTC will Secured in your wallet for life time.

You're right and this has happened to a lot of people, in fact, who lost their BTC when they left, because they didn't pass on their private keys to anyone, and no one knew they would be able to use it, and that would have a positive effect on the market. , Because the economy becomes more and more inflationary, and since the BTC limit is limited, it will never have any inflation. These issues are hurting our economy a lot.

Valid question,   it's a normal human behavior not to trust that much if it's about our investment.

Of course, this is a simple human behavior note that makes us believe in investing. It strengthens our confidence and morale. Keeping an eye on this believe gives us the courage to invest.

[Rehan Zakir]

If anyone have bitcoins in online wallets then it is a possibility that there wallet can hacked after their death. And someone get benefit. But if stores their bitcoin in hardware wallet and no one knows about their secret key then bitcoins will stores in it. And no one have benefit with these bitcoins after his death. I think this is the drawback of this market. If we stores money in bank then after death the amount will be transfer to their family. But in crypto currency this is opposite. If anyone knows their secret key then he access their wallet.

[nur rochid]

If you die then your BTC will be secure in your wallet. But if you tell your private keys and password to anyone then he will access you wallet otherwise your BTC will Secured in your wallet for life time.

This is what makes us always have to open any information to trusted people such as family members, I wrote in the book several private keys such as bitcoin, ethereum, Terra and others, by writing the private key then if we die there will be a family who can use our cryptocurrencies so that they can use.

It is indeed risky if we don't tell our wallet's private key to the closest people, because the assets we have will be frozen and cannot be used by our family. indeed it is better to give instructions to close family about the files that we have saved, so that our assets can still be useful for our descendants or family, to support the family economy

[Viscore]

If you pass away without leaving anyone the private key,your bitcoin will stay in your digital wallet or likely lost forever.Thats why it is important that your heirs are aware of your bitcoin account.Educate them and make them understand on how to use/access it if something happens to you. Make sure that they have a copy of the private keys and backup phrases for your wallets. Let them know the location of where your bitcoin is stored.Made a plan on how to secure your wealth for your family .

[Woodie]

If nobody knows about these coins after ones passing on and no will is left behind then these coins will remain lost but not forgotten as any one with your public address could be able to see how much is in this wallet....which is why its a good idea somebody knows something about your trrasure. Had it being fiat, when one passes on the next of keen is entitled to this treasure box which is something crypto cant not have.

[Odusko]

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?

This is serious,if someone is dead without telling anyone his bitcoin account password the money is gone for life,it is advisable to tell someone you trust  your wallet details in case anything happen,its not compulsory your child,because some children are not trustworthy, have you not heard of a son that drugged his father in order to transfer huge amount of bitcoin from the fathers wallet,some dubious children can even kill their parents because they have access to the wallet.

[Sebas.tian]

 Nothing will happen to your bitcoin, if your wife or children know the password to your bitcoin wallet. That is why decentralized currency is different from centralized currency because nobody will tell your wife or children not to have access to their father bitcoin wallet, like the way bank used to block some people account because the own of the account is died. The family must bring death certificate from the Court before the banker can allow he children or wife to have access to the money.

Decentralized is very easy for the family to have access to their late husband bitcoin wallet without going to court to collect death certificate before they can have access to their father bitcoin wallet.

[Anguwa]

Because the owner is the only one in charge of the wallet with his or her private key, the bitcoin in his or her wallet will be useless if that person is no longer alive. But does it make sense to keep certain of your secrets hidden from your children or trustworthy family members? , I believe that in the event of a tragedy such as death, we should share our secrets with our loved ones, such as a child or a sibling whom you truly trust, in order to avoid losing everything you have after death, so that your family can prosper.

[9-planet]

This is very interesting question, but the secret of bitcoin still remain, as the person dies as well the asset is gone forever, business is trust no one Game.

[CryptoBuds]

-snip
Decentralized is very easy for the family to have access to their late husband bitcoin wallet without going to court to collect death certificate before they can have access to their father bitcoin wallet.

  it seems very funny to me,
Yes, I agreed, It reminded me of how corrupt society we are.
When the main breadwinner of the family dies, if he does a DPS for the family, only the aggrieved family can understand how much suffering it takes to withdraw it.
Bitcoin can relieve us of all these problems. No Death Certificate will be required to withdraw the funds if someone handover the wallet files to his family before the death.

[Pamadar]

If you pass away without leaving anyone the private key,your bitcoin will stay in your digital wallet or likely lost forever.Thats why it is important that your heirs are aware of your bitcoin account.Educate them and make them understand on how to use/access it if something happens to you. Make sure that they have a copy of the private keys and backup phrases for your wallets. Let them know the location of where your bitcoin is stored.Made a plan on how to secure your wealth for your family .

Plain and simple, and it indeed needed these days, the virus or whatever possible threat to our life is just there.

If you want your bitcoin being enjoyed after you passed from this life, better to make sure that you do educate your inheritance,
People that you trust the most while you are still alive. Just like the what the post above said in his statement, if you die without
giving this information to anyone, your bitcoin will be stuck forever.

This is very interesting question, but the secret of bitcoin still remain, as the person dies as well the asset is gone forever, business is trust no one Game.

ANd everything you did will be buried with you if you forget to leave your private key to anyone, better to entrust those information

else, it will be gone with you forever..

[milewilda]

-snip
Decentralized is very easy for the family to have access to their late husband bitcoin wallet without going to court to collect death certificate before they can have access to their father bitcoin wallet.

  it seems very funny to me,
Yes, I agreed, It reminded me of how corrupt society we are.
When the main breadwinner of the family dies, if he does a DPS for the family, only the aggrieved family can understand how much suffering it takes to withdraw it.
Bitcoin can relieve us of all these problems. No Death Certificate will be required to withdraw the funds if someone handover the wallet files to his family before the death.

But the only problem you would really be having is to teach them on how to access those coins on the time you pass away which would really require out some basic
teaching about those needed information but the question is, how many people would tend to do so? Explaining or telling them about your wallet keys when you are still
alive? For sure you would really be hesitated on doing so thats why some people do end up on locked funds because they didnt to do so earlier.

[Ryker1]

Bequeath your private keys to your closest relatives, to your mother, father or child, say it. At least you should make a will for your family,
so that your bitcoin asset can be useful and can be used by the family well. So do that before you die. It would also be  better  if you teach
one of your family members about bitcoin, so that they understand.

Well that is a good idea but not all will can completely understand bitcoin.
I am thinking this -- if you die today, your bitcoin will be left in your wallet and will perish along with you. If you have not given your private key to someone you wanted to give it to, it will no longer be accessible. You will leave your bitcoin unspent and will be accountable for the small increase in bitcoin price. So, if you have that worry and don't want your bitcoin to be lost forever, give it to your child or to someone you can trust while you are alive.

[lombok]

That is why we write  wills and tell our closed ones what to do when we die. One should be ready for worse case scenario.
Of course the Bitcoin will remain in your wallet forever unless your kids miraculously discover that their parent has left them a treat for the rest of their life. Your question has also made me think what to do and who to take in confidence.
Great question raised.

That's even if we have time to give instructions or pass our private key to the heirs. We can't know when we die, maybe a few minutes after we think about passing on what we have? or sometime before we inherit our private key? And our family doesn't know that at all.
But if as you said by making a will in advance, it is the right solution to tell what we have to our heirs (wife or kids).
If we die without being able to make a letter of inheritance, the private key and bitcoin will continue to be in our wallet without anyone knowing it, maybe the lucky ones even someone else who buys our laptop or computer if our family sells it .
could it be?

[Flexystar]

I went through most of the replies here. It’s really thread of all the cool and dumb ideas altogether. It’s good to see this question but it’s very common that we usually just record our properties and assets with the WILL so that it can be passed on.

I don’t find it very hard to understand what happens if I die. More or less no one cares about us but will surely care about the assets we had as they can be utilised later in their lives.

Just make sure to give your keys to someone. Otherwise it Will contribute to low supply and high demand of bitcoin. 

[Slow death]

-snip
Decentralized is very easy for the family to have access to their late husband bitcoin wallet without going to court to collect death certificate before they can have access to their father bitcoin wallet.

  it seems very funny to me,
Yes, I agreed, It reminded me of how corrupt society we are.
When the main breadwinner of the family dies, if he does a DPS for the family, only the aggrieved family can understand how much suffering it takes to withdraw it.
Bitcoin can relieve us of all these problems. No Death Certificate will be required to withdraw the funds if someone handover the wallet files to his family before the death.

But the only problem you would really be having is to teach them on how to access those coins on the time you pass away which would really require out some basic
teaching about those needed information but the question is, how many people would tend to do so? Explaining or telling them about your wallet keys when you are still
alive? For sure you would really be hesitated on doing so thats why some people do end up on locked funds because they didnt to do so earlier.

this is the disadvantage of cryptocurrencies, being able to create a system that allows the person to die and those who are alive to benefit is something extremely difficult in the crypto world, I would not be surprised if in the future there are banks that play this role of holding cryptocurrencies and freeing up the beneficiaries in someone's death case