What happens to my bitcoin if I die today?

[stompix]

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?

On the first part, well nothing from this world will be of use to you when you're no more so at that point bitcoin is just like anything else, bank account, house, car, teddybear. On the second part, think of bitcoins as your secret stash or treasure, unless you share with your family the map of the treasure it will stay buried there forever.

Would the bitcoin be abandoned in the wallet forever?? Would it be a waste of bitcoin?

Yes and no.
Yes as they will be abandoned forever and no, they will not be a waste. think of it as your last good deed in this world.

Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.

[peter0425]

Better be ready in emergency things that may come across the road that we don't really expect like accident or serious sickness.

Mine is stored in my ledger and my Eldest son and my wife has an access(since my children are trustworthy and lovable)
so in any case that i die without expectation they will handle my funds.

My wife also have knowledge in crypto so basically she will keep my way of dealing in this community and market.

[CODE200]

You will not lose your  bitcoins even if you die though it will not be accessible to your loved ones if the one who knows your private keys is yourself.

The answer is already there, if you won't be able to make use of your Bitcoin or simply, no one will benefit from it, it is as good as lost because there is no chance to retrieve it if private keys are not known by other people aside from yourself. This would be a tough situation and I myself let my brother know my private keys just to be ready with this scenario. Since he is knowledgeable with this technology, things won't go wrong I think. There will be a day you will trust someone, and that is just money to not be selfish.

[carlisle1]

actually if you don't make such good action for your cryptocurrency now that you are alive then when you  suddenly then it will gone in the air.

there are cases that many Crypto holder dies and all their assets is died together with them.

You will not lose your  bitcoins even if you die though it will not be accessible to your loved ones if the one who knows your private keys is yourself. We are not a fortune teller to predict when we will die so, make sure you are prepared incase of unfortune events like death, you should give those private keys to your trusted family and friends. It will be a waste of all the hardships you had made when you are still alive if your bitcoins will not be used.

the problem is He is talking in not expected time and He did not mentioned about any parties knowing or having access in His currencies so in that He will surely Lose all the coins.

[Kong Hey Pakboy]

Better be ready in emergency things that may come across the road that we don't really expect like accident or serious sickness.

Mine is stored in my ledger and my Eldest son and my wife has an access(since my children are trustworthy and lovable)
so in any case that i die without expectation they will handle my funds.

My wife also have knowledge in crypto so basically she will keep my way of dealing in this community and market.

Always expect the unexpected. No one actually knows when a person will die, so we should always be ready for it.

Same as you, I tell one of my family members about bitcoin and cryptocurrency; that is why my brother knows where I hid all of my private keys and how to access all of my crypto wallets because they will need it in case of emergency. Telling one of your family members about your bitcoins or your crypto investments is important because if they didn't know about it, all of your bitcoin or funds will only stay in your wallet and cannot be taken.

[goldade]

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?

The answer is obvious enough.  If you die without disclosing your seed phrase to your next of kin or someone you'd love to have it, then definitely your coins will be abandoned permanently in the wallet having no benefits whatsoever to either you or your loved ones.
The only way to prevent this from happening is give your seed phrase to trusted individuals. Note that the key word there is 'Trusted'. If the individual isn't trusted, then you run the risk of having your coins looted.

[yazher]

As you can see no one has escape death if it's their time to leave this world, then they cannot extend it anymore and most of the time death comes like a thief in the night. Meaning it never failed to surprise people who passed away. My point is, we never know when death comes to us. It is better to prepare ourselves for it. One of the things to secure our BTC whenever death comes to us like a thief in the night is to research well how will it be passed to our children or whoever you want to keep it just after you die.

[Oasisman]

A clear and concise answer to the OP ; When you die without anyone knew you have stored Btc in an offline wallet, then Btc will be included in the "lost Btc". But, If you have stored in an exchange, It'll still be included in the circulation as the exchange literally holds your Btc.

Actual Lost Bitcoins in the Time.

Lost Bitcoin
1.1 million BTC owned by Satoshi.
7.500 BTC lost by a thrown away harddisk.
1.000 BTC lost by the death of the QuadrigaCX CEO.
533 BTC lost by a Reddit user.
2.100+ BTC are sent to this burn address.

This is ridiculously huge amount of money that's stuck.

Surely your will be locked out into this pool as well. 

I doubt that those were all the total number of Btc that has been lost. There are actually some old addresses that hasn't been moved for how many years that were considered as lost Btc, but has been moved on the latter.
If Satoshi will be forever anonymous, then I guess that's the only accurate number amongst the list.

[Yamifoud]

If ever you die today, nothing will save your Bitcoin if nobody knows about your address and keys and that it be included in the number of lost BTC. I know we don't know what will happen next and definitely, we can't assure ourselves that everything will be fine by tomorrow or in the coming days. That makes it very important to let some members of our family knows what we do, our investment.

[Leviathan.007]

Firstly I hope for you to have a long life. But, depending on you and where you hold your bitcoins there can be many theories. Since bitcoin is decentralized and governments or organizations can't control it, they can't find your sons/daughters and pass them anything left from you. So theoretically, if you don't do anything about it, your assess would be lost forever. As a simple solution, you can easily hold your backup seeds, plus a piece of paper on a safebox, so whenever you gone, the others can can get access to your backup seeds and the testament you left for them.

[matchi2011]

The coin will be wasted and die with you if you store it inside a safe wallet and no one knows about your private keys, that's how things works within decentralized system.

So better to make sure that you trusted someone close to you in order not to waste your investment, saving the private key and share the information to whoever you trusted will let you not to waste your money.

[daarul50]

I can only imagine that the people who does not aware to pass the key to anybody  will only causing the bitcoin availability reduced more and more as gime goes by.
Imagine 100 people with average 1 bitcoin holding disappeared because of the death every year and the numbers could continue increases.
Of course if you aware about all of the urgency passing the key to somebody you trust then it is clear you are fine and the bitcoin safe from the risk of extinction. This is maybe sounds a little bit exaggerated but yes it is what it is.

[Josefjix]

If you don't die by accident, you can give someone your pass phrase while in the sickbed. If your seeds are revealed to anyone trusted by you, your coins are forever safe and can be used only by the person who has access to your account.

[ethereumhunter]

It's better to share your bitcoin with your family, so if something happens to you, you can give your bitcoin as a legacy to them. You can teach your family about bitcoin so that they can use bitcoin as you. But if you don't teach them or don't share your bitcoin with them, your bitcoin will be staying in your wallet without anyone can use or spend. That will not be good for you because your bitcoin can not help them to have a better life in the future. But I pray to you that you can have a long life and health.

[target]

The problem when sharing your seed right now is that they may try to access your coins and withdraw. I don't want to do that as well.
You better just breathe until you can find a place to lie down before dying. But probably just make it sure they know the password of your laptop.
I don't think your kids will just throw away your laptop without checking what is in there. I'm sure they will read some of the text files or notes you have there. If you can save today a file containing details so they can have access whenever you left all of a sudden.  That might just benefit them.

[pragna]

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?

If you or anyone die and his or her love did not know password or private key, there is no chance to recover BTC or any other coins. This is as highly secure if anybody hide his wallet key in safe place  and at the same time its highly insecure if anyone did not keep key in safe place. So batter you can say your key safe house point to your love one and if you die he or she can recover your BTC.

thanks.

[Ucy]

Bitcoin as a Decentralized Cryptocurrency has no physical structure just like the bank.

Don't banks have physical structures in your location? Or was that an error or you mean online banking or probably something else?

 There are couple of inheritance services for Bitcoin as far as I can tell. If you want something simple, just have some company build you a simple alarm device that has to ring every two months or so, and can only be turn off with a code you control or can be turn off by trusted/reputable members of your family incase you are no longer available to turn it off. But you'll have to give the members of your family different secret codes each that they all need to input into the device each to turn off its alarm. Once each member input their code, the device responds with something like "is my owner (or the owner's name used instead) still alive?" if they click yes, the device goes back to another long month of silence... If no is clicked by everyone, the device instructs them where to find your Bitcoin/crypto keys.

[molsewid]

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?

Obviously, your bitcoin will remain abandoned in your wallet forever. If you want them to know that you have bitcoin, then at least tell your loved ones. And right now, teach them how to use bitcoin or how to use the recovery phase. At least your bitcoin will benefit them if there's something bad happen to you.

[thesmallgod]

If you die today and nobody has access to your wallet, your bitcoin will remain forever. Part of the reason why many people have shared many way to prevent this. If you have bitcoin in your wallet, it is advisable to print your seed phrase and keep it save the same way you keep your other valuable documents and possibly give a tips about what seed phrase is

[Ucy]

... Once each member input their code, the device responds with something like "is my owner (or the owner's name used instead) still alive?" if they click yes, the device goes back to another long month of silence... If no is clicked by everyone, the device instructs them where to find your Bitcoin/crypto keys.

I think the family members will need to input this together and receive the final instruction together. If they are not together, the sound of the alarm could be reduce to a minimum level, probably with no option to off the alarm completely. The alarm could come with a red light that could be activated aswell until the family members are together to input their codes and answer their short questions