What happens to my bitcoin if I die today?

[Joshapat]

If you die today, your bitcoin will remain in your account. And that bitcoin you pass on to someone in your family so they can use it later.I left all my bitcoin and account information to my brother. If an accident happens to me, you can use it for my family later.

Bitcoin is different from other assets, if no one knows we have bitcoin then bitcoin will be safely stored in the wallet but can't be used, but if other assets if we die there will be a party notifying the heirs that we are the owner of the asset. writing the private key in the book the family used to read is important before we die.

[Hippocrypto]

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 die today, your bitcoin will remain in your wallet. Yes, it will be forever left in your wallet if you die especially if you didn't give your child a private key to pass your bitcoin. But if you will give your child the responsibility to access your account then your child will inherit bitcoin and not be burried on your wallet forever. Your child may earn through this to help your family.

[xSkylarx]

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 die today, your bitcoin will remain in your wallet. Yes, it will be forever left in your wallet if you die especially if you didn't give your child a private key to pass your bitcoin. But if you will give your child the responsibility to access your account then your child will inherit bitcoin and not be burried on your wallet forever. Your child may earn through this to help your family.

I don't think it's a good idea to just hand over the key. The better, in my opinion, is similar to a will and testament. It's as if you'll put it in a box with a lock and hide it or put it somewhere out of the way and tell your family or children about it, but only say that they'll open it when you die, with no further explanations, and make a note that it's really, really important. But this is just my opinion if I have a bitcoin, and we all know that we will die at some point, so we should be prepared.

[Samsungs10]

If you die today, your bitcoin will remain in your account. And that bitcoin you pass on to someone in your family so they can use it later.I left all my bitcoin and account information to my brother. If an accident happens to me, you can use it for my family later.

Of course it is very wise to continue to provide information to people we trust because the longer the asset will be expensive and of course it will be useful for the family. if no one knows it can be ascertained that it will just disappear. even though we know that crypto assets will certainly increase and may be helpful for family life later.

Bitcoin is different from other assets, if no one knows we have bitcoin then bitcoin will be safely stored in the wallet but can't be used, but if other assets if we die there will be a party notifying the heirs that we are the owner of the asset. writing the private key in the book the family used to read is important before we die.

yes, we can be sure that in the form of assets other than crypto, of course, there are many mechanisms that we can do by storing in the bank in a deposit or through a lawyer who we submit as heirs. but if it's crypto, if you don't provide any information about the existence of the crypto asset, it can be said that it will be lost for nothing. other than that you have stored it on the hardware or copied it in a book about the wallet and the key so that what we deposit later can automatically open.

[CDC AP]

I make sure that my Bitcoin can be inherited in case I “died” because of health, accident, etc., by writing them on a notebook and put it somewhere in my room. I would leave a letter letting them know that here are my “keys to the kingdom” that are composed of usernames, passwords, emails, public and private keys, mnemonic phrases and other confidential stuff as inheritance.               

[HUSTLER]

When it gets to money, humans tend to change even with little amount of money.
I'd firstly educate them on what cryptocurrency and carry them along. Then I'd know the one that serious with crypto and if it's all of them, then I distribute the secret key among them so they can put it together when it's needed

[Issa56]

Have also been thinking about thesame question which you asked, which o noticed that after your death your bitcoin is a total waste, if nobody knows your private key and when you are still l alive your private key should be hidden, nobody should have access to your private key because your private key is your fund, and after your death, you won't want your bitcon to be a total waste because without your private key nobody  can have access to your bitcoin. so after thinking about the possible solution which nobody will have access to my private key now but after my death atleast it will be useful to my family, so I wrote my private key in my diary which I believe nobody will touch it now but after my death my family will definitely check it and they can make use of the private key.

[StLucifer]

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

[TheEconomists]

It will be good for you to let your next of King know where you will keep your password should in case anything happen to you despite the fact that we don't normally pray for bad thing to have it will definitely come to us one day. Remember, for one to shows someone as the next of King simply means you so much like and trust the person and that is why you must equally trust him or her of where your password are in case of eventuality.

[dunfida]

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 die today, your bitcoin will remain in your wallet. Yes, it will be forever left in your wallet if you die especially if you didn't give your child a private key to pass your bitcoin. But if you will give your child the responsibility to access your account then your child will inherit bitcoin and not be burried on your wallet forever. Your child may earn through this to help your family.

I don't think it's a good idea to just hand over the key. The better, in my opinion, is similar to a will and testament. It's as if you'll put it in a box with a lock and hide it or put it somewhere out of the way and tell your family or children about it, but only say that they'll open it when you die, with no further explanations, and make a note that it's really, really important. But this is just my opinion if I have a bitcoin, and we all know that we will die at some point, so we should be prepared.

Just tell them at least with the basics or you had put up some instructions on  that will on how they would able to access it even though its a bit technical but make it at least simple as possible for them to understand.

If you dont like for them to be totally illiterate then it isnt bad to consider on telling them on earlier but of course its all about crypto
and how do wallets work and how to make it as a fiat.

Aside from Will suggestions there are still one which is that timelock thing which is mentioned on earlier page which i do see
this method to be somewhat ideal.

[mamesso]

Crypto assets (Bitcoin) do not have a physical form, but can be deposited like any other conventional investment instrument. Every crypto asset investor will have a public and private key to access the blockchain ledger using the internet. Investing in crypto assets is just like any other instrument such as property, land and gold. Crypto asset can also be owned, given, and passed on to others.

Currently, there is no regulation that regulates the legality of crypto asset in inheritance. But we can manage it ourselves, we can enter the information containing the digital wallet private key into the inheritance letter. So that we crypto asset investment will not be lost.

[habebe]

in my place in case that im gone i bring bitcoin forever,,,, but before anything else ok before i started bitcoin im not alone im with my son too so he's know everything about bitcoin and i think i leaf him all my assets soo that he can continue trade about bitcoin life  for me bitcoin is my forever i never change at all,, bitcoin can help us to change our life as i know. and  also  we can do proper security about bitcoin crypto so i i think fromnow on i can do proper prepared about next generation,

[Dr.Osh]

You asked a good question. First of all, I would like to say that the first condition for giving security to Bitcoin or cryptocurrency wallet is to keep your password completely secure. That doesn't mean you can't tell your loved one. It is important that you understand who are most close to and who is the person is eligible to share it. But I think you can tell your loved one by keeping it like a locker in a certain place. If you die suddenly, let him get the key or passwords or any other things to unlock your assets.

the issue of private keys is a very sensitive matter in my opinion. especially when it comes to money. if we are married, it is quite easy to explain to our partner how to login and so on to secure the assets that we have later. it's just that some people refuse to tell them because they procrastinate or think about other things, so sometimes it's too late. Anticipating something like this is really needed because when no one knows about your PK and password, your assets will be there forever. So, start looking for someone you really trust for this business.

[electronicash]

You asked a good question. First of all, I would like to say that the first condition for giving security to Bitcoin or cryptocurrency wallet is to keep your password completely secure. That doesn't mean you can't tell your loved one. It is important that you understand who are most close to and who is the person is eligible to share it. But I think you can tell your loved one by keeping it like a locker in a certain place. If you die suddenly, let him get the key or passwords or any other things to unlock your assets.

the issue of private keys is a very sensitive matter in my opinion. especially when it comes to money. if we are married, it is quite easy to explain to our partner how to login and so on to secure the assets that we have later. it's just that some people refuse to tell them because they procrastinate or think about other things, so sometimes it's too late. Anticipating something like this is really needed because when no one knows about your PK and password, your assets will be there forever. So, start looking for someone you really trust for this business.

this is appropriate at least you are leaving your assets to someone who will benefit when you are gone. some are not lucky to find someone.

to someone who only have kids, bypassing the mother is more important to fathers i think that even if they dont get the custody of their kids they stil want the kids to inherit something from them.

its best to just kids to day about bitcoin and how to secure their PK.

[rizqoAD]

I think that's a problem for all Bitcoin holders, the secrecy of Bitcoin makes us think what will happen if we die and the question is what happens to the Bitcoins we leave behind? I think the Bitcoins that we leave in the wallet, will be lost if we don't tell anyone about the wallet key and no one can use it, unless we tell some of our family about the wallet key.
I advise everyone to tell your child or wife about the private key, for the sake of security and our Bitcoin assets in the future.

[songchunlai]

Will stay still, Then it will be divided equally among all the holders of the tokens according to the ratio of holders of the tokens.

[masphie]

I have 2 possibilities that will happen,
First, your wallet will stay like that until it goes bankrupt.
secondly, there is a possibility that it will disappear from the wallet due to the actions of hackers or "certain" people.

But this is just my opinion.

[lvsca]

This will eliminate all the assets you have. We only have one access key that must be maintained safely and only privately know, Maybe you could pass it on to your child or wife if you believe in them. But it seems like it's better than just disappearing.

[matchi2011]

I think that's a problem for all Bitcoin holders, the secrecy of Bitcoin makes us think what will happen if we die and the question is what happens to the Bitcoins we leave behind? I think the Bitcoins that we leave in the wallet, will be lost if we don't tell anyone about the wallet key and no one can use it, unless we tell some of our family about the wallet key.
I advise everyone to tell your child or wife about the private key, for the sake of security and our Bitcoin assets in the future.

Indeed, nothing unless a good hacker will able to crack your passphrase then those coins inside your
wallet will be sucked and be enjoyed by those illegal doers, other than that, if you didn't manage to
provide information with your relatives or friends, then your coin will be lost forever and no one will be able to use it.

Good advice, give the information to someone very close to you. On that point, your bitcoin will continue to cycle and someone will enjoy the benefits.

[DarkDays]

I think that's a problem for all Bitcoin holders, the secrecy of Bitcoin makes us think what will happen if we die and the question is what happens to the Bitcoins we leave behind? I think the Bitcoins that we leave in the wallet, will be lost if we don't tell anyone about the wallet key and no one can use it, unless we tell some of our family about the wallet key.
I advise everyone to tell your child or wife about the private key, for the sake of security and our Bitcoin assets in the future.

Indeed, nothing unless a good hacker will able to crack your passphrase then those coins inside your
wallet ...

Yeap, the security of the blockchain is one thing we must not under-estimate. No key = no funds.
The only likely way to be getting your Bitcoin back without a key is to try your chances with a hacker, with super powerful hardware but then even that would highly likely take decades to solve.

Good advice, give the information to someone very close to you. On that point, your bitcoin will continue to cycle and someone will enjoy the benefits.

From the point of dying, I can see how this can become a real issue, especially for people not having anyone to trust with their private keys while they're alive. To me this scenario which some will run into eventually requires a solution but that in itself isn't easy when the whole idea of Bitcoin and crypto in general is to dissolve middlemen.

To me this is a very intriguing topic, and if any of you have suggestions on how we might deal with this pls share. Thanks