What happens to my bitcoin if I die today?

[franch]

If this happens, you can leave a note to your loved ones about where the private keys are, so they can help them access your keystore. 

[1715061453]

1715061453

[mezzaluna]

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 .

Well that is a useful Crypto Project but the time that it allocated is only a small amount of time because its for only one month. Some users take hiatuses and that is normal. If that Crypto Project lets you decide on where to pass the remaining Cryptocurrency on that wallet once its gone inactive, that would be a helpful feature. Those kind of projects needs attention since some projects are getting attention but not giving out the performance that they promised to do.

[onrise]

Considering the scary environment around due to pandemic and life in general as well is unpredictable, so have already informed my family members about bitcoin and given them all the required information and written down for them and stored it at certain place. Also, have done demo and thought them so they can easily access whenever required in my absence.

[XCANA]

It will be a donation to everyone on the Bitcoin network because if am gone my belonging will be out of reach. Though this is not the right move or the right approach for a safety, but, my wallets private keys are known to my wife an not any other. The issue of trust is what take me more skeptical when talk about such sensitive documents, the keys are the ones that give right to owners and when they fall into the wrong hands they won't be spare, so, i don't want BP with the wrong person.

[ELL_011]

I guarantee that it would become a waste if the bitcoin that was in your hands went nothing because of a tragic incident. I recommend to anyone to have a secret box in your closet where all your secrets are in there. Most of the time, your family will be the one who will look at your stuff when you die so once they see it they would know that you have something that should be taken care of and could help them too. It's already 2020 but the acceptance and transition of cryptocurrency in the world is still slow, maybe a second plan on restoring your money and keeping it alive would be a better option than to keep it to yourself all along.

[crossabdd]

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 .

I have been following the inftech.io project since 2018. and the project stalled in March 2020. there was a leak in their token program. for which each account can earn more than 50k tokens. and it can be withdrawn and sold. finally the team decided to investigate the case and close all withdrawals. until an unspecified time. I'm basically interested in it. because it can recover our key. until now I have not found another project like this.

[proTECH77]

If you fail to write all your bitcoin details for somewhere,where your children can find them after your death, show your bitcoin is gone forever because you refuse to show anyone in your family your bitcoin details. Without no body know any of your bitcoin address and you die show that all your money for your wallet is gone forever. It is better to write all your bitcoin details in a place where your wife or children can see them in case you are no longer alive again so that they can have way to your wallet.
All my children know all my bitcoin details which they will not find it difficult to have access to my bitcoin in future.

[TinaK]

If for myself, if bitcoin is going to die today, I will see another moment of opportunity, but if cryptocurrency persists, maybe it will switch to the best digital currency after bitcoin.  but I think bitcoin will still be around and be a special thing in the field of digital investment.

Bitcoin is never die any moment and they ask If I die today, what will happen in future. So we can store our investment in hardware wallet or software wallet. It is never hack anyone without our permission so if we hold the Bitcoin in our wallet, we must share the details of most trusted person. I hope it is easy to maintain at any place.

[Untomabur]

bitcoins are stored in the wallet and the wallet can be opened with a key, if the key is not passed on to a family expert or someone else, bitcoin remains in the wallet and bitcoin cannot be taken by other people.

it is a risk to keep something decentralized, because all that regulates is ourselves,
this is a good topic because it reminds us of the importance of private keys,
dnd how good it is that our private keys are kept on paper or tell our family.

[lokas0506]

Just in case you actually would die today hold a hint as only your loved ones know so when you are found your bitcoin will not be lost

[Asuspawer09]

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 topic is already discussed in the forum, If you die your bitcoin is probably lost if you're the only one who knows the private key of the wallet.

So you probably need to write it out at some point for your family especially if you're holding a big amount of investment in your wallet so that your family could recover it. There is some wallet where it might allow your family to recover your bitcoin, but most of the wallets still not have this feature because anonymity is a thing in crypto.

On the other hand, it's a good thing for investors since it will lower the supply of bitcoin the would make the market price of bitcoin pump.

[crossabdd]

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 .

Well that is a useful Crypto Project but the time that it allocated is only a small amount of time because its for only one month. Some users take hiatuses and that is normal. If that Crypto Project lets you decide on where to pass the remaining Cryptocurrency on that wallet once its gone inactive, that would be a helpful feature. Those kind of projects needs attention since some projects are getting attention but not giving out the performance that they promised to do.

yeah, you are right. it would be better if we pass on our crypto assets to certain people so that they can be used again. but this is a very good in progress for a project that carries a system like this. even if only the private key will be sent to trusted people. by adjusting the time that has been set just before we die. hopefully there will be more such projects and grow well.

[Rengga Jati]

Actually, some people should have prepared about this kind of situation, probability, and also chance. Well, we know that we don't know when we will die someday. That is why we need to make it as good as plan for our digital asset. Sometimes, choosing someone who is very trusted may be difficult. But, in fact, at least we have one who is trusted to believe and share the information of our digital asset.

However, if there is none knowing about the asset, it may be only two conditions:
- The asset will last forever in the wallet because no one knows the private key or data to access the wallet.
- The assets may be hacked by somebody and lost
- Somebody may find out the data in your device and then take the asset.

Actually, it may be the same question about what will happen if we forget our private key of a wallet where there is certain asset in the wallet. So, the coins will be there forever,

[samputin]

~
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?

That is very much possible -- your bitcoins will be put to waste if you don't disclose it to even a single friend or family member when you die. It would just remain in your wallet. Thinking about it, I can sense regret if that happens. I mean, all your hard work earning btc for whatever reason it is is just wasted.

That's why I think it is also important to tell someone about our btcs. Sometimes, we just tend to keep it a secret because there are cases that they might just accuse it as a scam or whatsoever. So it's essential to have someone who understands what you do and has also an interest in bitcoin or crypto in general; and someone whom you can trust with your wallet. Writing it down would also be useful. Your loved ones will surely go over your things when you die. But make sure also to tell them where you placed it. Tell them how they can use it so that your efforts won't be wasted.

[matchi2011]

Actually, some people should have prepared about this kind of situation, probability, and also chance. Well, we know that we don't know when we will die someday. That is why we need to make it as good as plan for our digital asset. Sometimes, choosing someone who is very trusted may be difficult. But, in fact, at least we have one who is trusted to believe and share the information of our digital asset.

However, if there is none knowing about the asset, it may be only two conditions:
- The asset will last forever in the wallet because no one knows the private key or data to access the wallet.
- The assets may be hacked by somebody and lost
- Somebody may find out the data in your device and then take the asset.

Actually, it may be the same question about what will happen if we forget our private key of a wallet where there is certain asset in the wallet. So, the coins will be there forever,

Always find time to pick the right person to trust, it's possible that accident will happen and without any idea you'll die.
Being advance gives you comfort that you'll be able to leave your assets and not be wasted for nothing.

It's you that needs to secure your funds, and like what the post above said, that's how it works  either you secure it and let your assets
be enjoyed by someone who you trust or let hackers to break your security and enjoy your money.

[Vaskiy]

Actually, some people should have prepared about this kind of situation, probability, and also chance. Well, we know that we don't know when we will die someday. That is why we need to make it as good as plan for our digital asset. Sometimes, choosing someone who is very trusted may be difficult. But, in fact, at least we have one who is trusted to believe and share the information of our digital asset.

However, if there is none knowing about the asset, it may be only two conditions:
- The asset will last forever in the wallet because no one knows the private key or data to access the wallet.
- The assets may be hacked by somebody and lost
- Somebody may find out the data in your device and then take the asset.

Actually, it may be the same question about what will happen if we forget our private key of a wallet where there is certain asset in the wallet. So, the coins will be there forever,

Always find time to pick the right person to trust, it's possible that accident will happen and without any idea you'll die.
Being advance gives you comfort that you'll be able to leave your assets and not be wasted for nothing.

It's you that needs to secure your funds, and like what the post above said, that's how it works  either you secure it and let your assets
be enjoyed by someone who you trust or let hackers to break your security and enjoy your money.

If you aren't satisfied with both the plans, then the choice is to go for a donation or support to the charity. You can submit a request along with the letter of wish to the court or an legal team to surrender your holdings to the charity on your death. Prior to that, you must also inform this to the charity to receive from that particular legal team,if not there is chance of fraudulent acquiring by the team itself.

[Gemini24]

We will all go through this point, we need to have a better plan to be able to inherit our bitcoin to our family so that they can get our bitcoin and it will not disappear with our demise. We do not control our lives, sometimes there are people who just sleep and then do not wake up again. It is better to be prepared because everything could happen unexpectedly. Much better if you have a secret place where children cannot reach it, the place where you know that your family will find it after you die, you can write down all your private keys, emails and passwords even instructions and notes to them, so that they can enjoy it or spend it and not end up in nothing.

[Reatim]

if you don't make anything that someone may access your account and about your activities here?for sure all your investments and efforts will be spare because no one can open your wallets but you alone.


This thread may Serve as warning and announcement to those not giving this a time because they are healthy and young,remember death cannot be denied and cannot be monitored,so better Late than never.

Try to create safer list or form for your crypto assets,and entrust to closes to you then in case happens the assets are safe and will be on right and deserving hands.

[metenjean]

if you don't make anything that someone may access your account and about your activities here?for sure all your investments and efforts will be spare because no one can open your wallets but you alone.


This thread may Serve as warning and announcement to those not giving this a time because they are healthy and young,remember death cannot be denied and cannot be monitored,so better Late than never.

Try to create safer list or form for your crypto assets,and entrust to closes to you then in case happens the assets are safe and will be on right and deserving hands.

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.

[Sithara007]

For those users who are extremely concerned about this scenario, I have a very simple solution available. In Gmail, there is a feature to either delete the account, or to transfer the account to someone else, if the account is inactive for a specified period (let's say 3 months or 12 months). So you can simply store all the details in your Google Drive and then set the transfer period to 12 months of inactivity. After 12 months, the account will be transferred to your nominee and he will be able to use the coin holdings.