What happens to my bitcoin if I die today?

[Golftech]

while it is still early I will share my wallet with my family because we can not predict how long we will be here, moreover, I invite them to participate and teach on what I know and usage particularly Bitcoin because If I die young I don't know where I am as well as at least my family will not be miserable when I disappear.

No one knows what will happen tomorrow, if you can teach part of your family
to learned how Bitcoin or crypto works then it will give you some breathing if in case
something happened to you along the way, your money still safe with someone you
entrust your wallets.

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[Sithara007]

If you die somewhere without telling your private key to anyone, your coins will forever be in your wallet.
It is improbable to break the secret key, nor the client service can help. So it's better to mindful of somebody about your access.
Nobody knows when will you die, and that's why I always let my wife know what I am doing and the private key. There always should be a backup.

If you are around 25 years old, what is the probability that you may die in a given year? Looking at the life tables for various countries, I would say that the probability is around 0.02%. On the other hand, what is the probability that your Bitcoin wallet may get hacked in a given year? IMO, it may be around 2%. So the latter scenario is having a much higher probability and we should be more worried about it.

[Terrell]

Upon death, they have a legal right to the underlying cryptocurrency. However, the exchange or account in which the owner used to access the cryptocurrency could be controlled by the will, POA, trust, or TOSA depending on planning. If the private key is lost, the underlying asset might not be able to be retrieved.

[Gcrypto786]

If don't have any other supporter or friend or family member which you have passed the secrets then all the Bitcoins will be lost/expired/dumped in sense, no one can be able to use it.

[babykika2027]

I dont want to think about it yet. Anyway, i shared my seed phrase from my ownr wallet with loving ones, i hope that they will find good use of my coins

[GeorgeJohn]

Such is life,because if someone dies nothing can retrieve his assets except that it has a successor who knows the rudiments of everything that belongs to him, so relating it with cryptocurrency, is very clear that if someone dies and left some bitcoin and the person to write out the private keys in any document it's very easy to use it's bitcoin but a process whereby no private keys automatically the coins has been loss, so it's advisable since we know that the only source to get our coins when we are in sick bed or no longer in existence is to write our private keys out as I said initially from my statement.

[Phanditha Echevarria]

It deponds on whether others can get your password...

[Phanditha Echevarria]

Such is life,because if someone dies nothing can retrieve his assets except that it has a successor who knows the rudiments of everything that belongs to him, so relating it with cryptocurrency, is very clear that if someone dies and left some bitcoin and the person to write out the private keys in any document it's very easy to use it's bitcoin but a process whereby no private keys automatically the coins has been loss, so it's advisable since we know that the only source to get our coins when we are in sick bed or no longer in existence is to write our private keys out as I said initially from my statement.

at the same time we need to make sure that the private key won't be stolen

[AAPPKK]

Your Bitcoin will die, unless you tell someone else the key before you die

[playyamy]

I think your Bitcoin is only related to your fingerprint, mobile phone number and email address

[caryoscar]

The private key is a pass to open the wallet, but it is not always provided by some of the more popular online wallets. If a Bitcoin holder dies without passing the private key, his heirs may find his personal wallet. Without the private key, they will never be able to obtain the assets in the wallet.

[Tristan Bieber]

You need to tell your family who you really trust and provide them with your account or wallet information in case you have bitcoins, just in case someone opens your wallet and sells bitcoins on the day of your death, because this can better allow Family members keep your money in the wallet forever.

[ZOOOOM]

I think cryptocurrency should also establish a complete inheritance mechanism

[samputin]

Such is life,because if someone dies nothing can retrieve his assets except that it has a successor who knows the rudiments of everything that belongs to him, so relating it with cryptocurrency, is very clear that if someone dies and left some bitcoin and the person to write out the private keys in any document it's very easy to use it's bitcoin but a process whereby no private keys automatically the coins has been loss, so it's advisable since we know that the only source to get our coins when we are in sick bed or no longer in existence is to write our private keys out as I said initially from my statement.

That's correct. We don't really know when will be our last day here on earth. I mean, we could die any minute, any hour, or any day. It's just unpredictable. So, like you, I think it would be a better idea if some of your relatives or closest friends know about what you are doing. And if you trust them enough, then let them know your wallet keys or write them down then put it in a place not so public but not so private either so that when such emergency occurs, they will know what to do. At least, you can be sure that your efforts in earning your bitcoins will not be put to waste.

[markleal]

Hi there Crptomagma, How old are you? The best way to do is backup your keys, so that your heirs could inherit those bitcoins. But if you do nothing about it, they will definitely go to the long list of bitcoins that are untapped and forever been locked.  If I were you, create a secret list of those keys or password and state those in your last will. Anyway, long live bitcoin holders!

[Coinsfera]

Unless no one knows your private key, they will be lost in the network forever.

[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?

Yes, your bitcoins will be abandoned in the wallet forever. I would have gone through the pains to explain to you why this is so but then you've said it all yourself.
Your question(s) have already been answered by several before me. The only window of escape for you is to share your seed phrase or backup keys (although this is a threat to the security of your coins) with your loved ones that you know are loyal, else you run the risk of getting robbed. If they are loyal, then I think you're good to go

[cocoladygaga]

For some people, this is one of the most attractive features of Bitcoin, but it also means that bringing a large amount of digital currency to the grave is too easy.
If you didn't tell anyone that you have bitcoin, maybe they will be lost forever

[A62662]

Your bitcoin will be lost, think the last number i heard was that some 10-20% already is lost. Eventually, given enough time, all bitcoin will be lost.

If you buy stocks or gold, or even just deposit the money you get if you sell your bitcoin, in a bank, at least those funds will be in your name and will benefit your children, and/or someone you care for.

Even if you do share your wallet and your private key with a loved one, they might lose it or forget where they hid it, or it might accidentally be tossed away at the dump or something to that nature.

When there is no official link between your name and your funds, the likelihood of it getting lost is very high if something should happen to you. You dont even have to die for that to happen, it would be enough for you to get brain damage or in some other way be unable to get access to the wallet.

[kamadazje]

If you will die unexpectedly then your assets or your bitcoin holding will surely to be lost especially if no one besides you knows your private keys or your login credentials if you are using an exchange as your means of storage.

The bitcoin will not be lost as it will not be burned even if it will not be used for many years so basically your bitcoin will remain stagnant in that wallet if you will die not unless there are hackers or an intervention to the wallet owners like they will confiscate your assets as they notice that you are not using it for a very long time already but this case is very rare to happen.