What happens to my bitcoin if I die today?

[romero121]

If the details regarding the wallet and the holdings weren't shared to any of your loved ones, then your funds go unused. How come this can be overcome? Share the details about the wallet and holdings to your loved ones or secure the procedure to access your wallet and keep it safe in a vault. However after death the vaults will be checked. By the time one can easily make use of the fund.

Till date lot of bitcoins have gone inaccessible due to the loss of wallet private keys. It is our responsibility to take initiative to make our earnings benefitted after our death.

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[Inspiron14]

Bitcoin is decentralized, no one controls other than yourself,
if you die and you haven't shared control in your bitcoin wallet, then your Bitcoin will be locked forever,
so make sure if you have assets in crypto currency, share it with all family members regarding wallet keys or passwords even exchange.

[nemey]

If indeed you die suddenly and there is absolutely no sign, then maybe your Bitcoin will be in your wallet forever. However, if you keep your data neat, and easy to understand on your personal computer. Then there is still a possibility that your Bitcoin will be used by the owner of the computer next.

[Buttermellow]

If indeed you die suddenly and there is absolutely no sign, then maybe your Bitcoin will be in your wallet forever. However, if you keep your data neat, and easy to understand on your personal computer. Then there is still a possibility that your Bitcoin will be used by the owner of the computer next.

It isn't easy to recover bitcoin even if all keys are on the PC if the family number does not know about bitcoin and does not have any idea about it. This is why it is also a good practice to share knowledge about bitcoin to the members of the family so that it can't put to waste whenever you wanted to dispose or passed it on to the next generation or to any of your love ones. In that way teaching them how bitcoin works will enable them to learn and can enjoy the btc left by you!

[Pamadar]

Bitcoin is decentralized, no one controls other than yourself,
if you die and you haven't shared control in your bitcoin wallet, then your Bitcoin will be locked forever,
so make sure if you have assets in crypto currency, share it with all family members regarding wallet keys or passwords even exchange.

Make sure to entrust your assets to anyone that you really love.

Someone that you trust which you will give access to your investment, there's no way to withdraw your coins if no one knows about
your private keys, that's how the beauty of this system, decentralizations keeps your assets safe as long as no one can penetrate to
your wallet and you are keeping your keys in a safe place so better to address your trust concern and choose the person that you'll
allow access to your wallet. Whatever happened to you your money will be enjoyed by someone you love.

[mezzaluna]

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?

There was already another topic that would relate to this subject but that topic was asking if what are the chances on what would happen if Bitcoin is left at a certain point in life and how would it be recovered by a family member. It would certainly be a waste of Bitcoin if its not recovered in the future. The only thing that we can do is secure it within a folder that can only be accessed by someone that we truly know even after we die.

[Sithara007]

If you die without telling anyone your password to your wallet or giving a will and how to recover your bitcoin, your bitcoin will die with you once you are dead. A lot of people have died this way and have left bitcoin in their wallets that can not be claimed. It is good to find ways of making sure someone dear or next of kin finds the secret phrase or Private key. Otherwise the coin will end up lost forever. Death makes no announcements before it happens but it must definitely come for everyone as time progress.

Anyway, what is the point in giving someone else your Bitcoin if you are dead? On the other hand, from my experience I would say that there is not a single person in this world, whom we can trust 100%. If you trust someone so much, then you can provide the private keys and password. But there is always a chance that the relationship or friendship may turn sour, and you will end up losing your coins. Anyway, it is up to you, to decide which of these two options you want to select.

[Anonylz]

Reason why it is important to at least allow one member of the family to know about your involvement with crypto and also be aware of your asset and how to access it should such situation arise, in another way, the person can easily include the btc asset as part of their will and state how the distribution will be among the family members, it is all about make plans for that.

[Axelseseclevz]

I think I need to teach my kidz about bitcoin and how to use it so that they will know how to access my bitcoin wallet if ever I will die. Because if you die now and nobody knows about your bitcoin and no body knows about your bitcoin wallet and private key then your loveones will not benefit from your digital money because it will just remain and keep silent inside your digital wallet forever.

[Xxmodded]

If you have family and you still have completed family from father until your wife better to give them with your assets and how much bitcoin or altcoin do you save in your wallet, you must tell them which one market do you hold your assets and you should teach of your family about how to buy, sell and withdraw your coin if some thing bad happen to you like your die or you get an accident. I think bitcoin is hidden assets because not one know except your self, its not like bank when you save your money because your family could get back on the bank but bitcoin will stay there forever if you not tell to your family about how much bitcoin do you have and how to withdraw your bitcoin assets.

[Nhor1011]

No body can access your wallet if ever you will die if you didn't share it to your family and friend before. Although we need to take full responsibility with our bitcoin wallet and private key but we should also consider that we will die someday, that's why we also need to teach even one member of our family about bitcoin so that if ever something unexpected happened our family can still access our digital funds in our wallet in the future.

[CaCO3]

If you don't give your private key to someone.  Then you will completely lose the assets of your wallet.  Because it is impossible to open your wallet without a private key.  If the assets in your wallet cannot be taken out, it is a waste.  Since there is no nominee system in this digital wallet system like a bank, no one will be able to take your assets when you die.  In that case, my advice would be to keep the private key of your wallet with your loved one.  So that if something happens to you, that is, when you die, your loved one can recover your wealth from the wallet.

[milewilda]

Bitcoin is decentralized and know one knows it's regulations and it can't be compared to bank that uses fiat currency and that is while fiat currency is centralized, while bitcoin, even all cryptocurrencies know one is centralized like fiat, looking at bitcoin worldwide its obvious that no country that can testify or tell that btc have Central place you can purchase it, that is the reason is called decentralized currency, so is good to understand that the base knowledge or capture information about bitcoin before adventuring into it.

You're saying up something which is totally off topic on here mate yet you do only mention about bitcoin decentralization? How does it connect on OP's concern about inheritance of btc incase he dies?
Be sure to read up on next time on whats the discussion so that you wont really be making yourself like a fool on where responding into something which is totally out of the track.
On topic on what would happen to your coins if you die today? Those coins would be lost forever if your loved ones wouldnt able to recover or open the wallet this is why if you are
really concern with that then you should need to teach them on how to access it if do accidents do happen.It would be better for them to access so that they would benefit
out rather than on letting those coins would come to waste.

[friends1980]

Bitcoin is decentralized and know one knows it's regulations and it can't be compared to bank that uses fiat currency and that is while fiat currency is centralized, while bitcoin, even all cryptocurrencies know one is centralized like fiat, looking at bitcoin worldwide its obvious that no country that can testify or tell that btc have Central place you can purchase it, that is the reason is called decentralized currency, so is good to understand that the base knowledge or capture information about bitcoin before adventuring into it.

You're saying up something which is totally off topic on here mate yet you do only mention about bitcoin decentralization? How does it connect on OP's concern about inheritance of btc incase he dies?
Be sure to read up on next time on whats the discussion so that you wont really be making yourself like a fool on where responding into something which is totally out of the track.
On topic on what would happen to your coins if you die today? Those coins would be lost forever if your loved ones wouldnt able to recover or open the wallet this is why if you are
really concern with that then you should need to teach them on how to access it if do accidents do happen.It would be better for them to access so that they would benefit
out rather than on letting those coins would come to waste.

Don't teach other people about on- and off-topic, if you can't stay on-topic yourself.

OP didn't ask about your loved ones. OP asked:

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?

So, tell us, milewilda, since you're so eager to stay on-topic: what are the economic consequences if Bitcoins are lost forever?

[k@suy]

Reason why it is important to at least allow one member of the family to know about your involvement with crypto and also be aware of your asset and how to access it should such situation arise, in another way, the person can easily include the btc asset as part of their will and state how the distribution will be among the family members, it is all about make plans for that.

Yes appropriately that deserve some or even one of your family member know about your private wallets, your bitcoin and what important things you think should be disclosed to him/her but you should also keep in mind that the one you choose to share with your pin and private things about crypto were supposed to be your trusted person. I think teaching kids at a young age would have advantages and disadvantages since everyone knows the probable effects of having or dealing with bitcoin. It should be taught to a child that has a capability to manage itself wisely while dealing in bitcoin once a non expected things happened to you cause you're not here around to guide him/her.

[Shasha80]

Never keep Bitcoin for yourself, if you die then your Bitcoin will remain in your wallet forever. You must tell the people closest
to you about the Bitcoin you have, and the location where you store the private key. That way if something happens to you,
the Bitcoin you have can be useful for your heirs. Because one of our goals in life is to give the best for our family. And leaving
Bitcoin is one of our efforts to provide happiness for our families.

[minhkhoa]

The problem you mentioned I find very practical, so in my opinion Bitcoin is very developed and not too unfamiliar to the world, so you should consider and have plans to prevent bad situations. . Your family and children can then continue with your work. Bitcoin is very precious, but don't let it be meaningless when we are gone and no one knows about it.

[crossabdd]

Bitcoin is just as much about yourself. if you don't reveal the details of a person's personality to others, everything about him will be lost when he dies. Bitcoin only has 1 key. if you keep it without telling relatives. then there's no use after you die. actually some time ago there was a crypto project that almost solved this problem. but the project stalled. The project has a blockchain-based storage system, and will send the key that we store to the account of someone we trust after our account is inactive for 30 days or more (according to our settings)
it is https://inftech.io/ you can read it here.

[shoreno]

actually some time ago there was a crypto project that almost solved this problem. but the project stalled. The project has a blockchain-based storage system, and will send the key that we store to the account of someone we trust after our account is inactive for 30 days or more (according to our settings)
it is https://inftech.io/ you can read it here.

stalled or stop ? why whats the matter why they stop or delayed it , we need a project like this because this is verry useful than compare to those projects that we dont really need to

but it was sad that they are the ones that exist longer or maybe the project was stalled because they havent got more demand due to there are already simillar projects on the past earlier than them . devs will think of this right at the start because of how useful it was . i wonder what is the name of that one .

[Dsdaq]

Since bitcoins only exist in virtual form and are encrypted by their very nature, they are extremely secure. ... If you pass away without leaving anyone the private key, your bitcoins effectively become inaccessible to anyone.
One of the solutions to making sure your Bitcoin isn’t lost forever is to outline the details of what you’ve got stored on the blockchain in your will and, at the very least, letting your family know you’ve got crypto stashed away.