What happens to the coins after your death ?

[virasog]

In most of the cases when the person dies, his crypto would become useless if his family member do not know about his keys.

I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this  

if you don't trust anyone to know the key, then of course your family will lose your bitcoin or altcoin, because no one knows about your bitcoin or altcoin and it makes your bitcoin or altcoin useless (can't be sold), then I suggest you to tell someone you really trust to know about your key, so that if you die then your bitcoin or altcoin will be useful (can be sold).

If you don't tell about your passphrase to anyone, then your coins will be lost once you die. Since in traditional fiat, money is automatically moved to the generations once you die, in bitcoin the situation is different. You bitcoins will be lost and not be transferred to your siblings or kids unless to tell them your private key while you are alive.

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[btc78]

So what could be the solution to this 

You clearly stated what you need to know , Let your family knows about your Wallets and besides your most concern here is them so why not let them learn about your holding?

Or else you will Put all your wallet details in your Last Will And testament so when time comes that you die then they will benefits in all your hard work here in crypto.

[tabas]

You clearly stated what you need to know , Let your family knows about your Wallets and besides your most concern here is them so why not let them learn about your holding?

Or else you will Put all your wallet details in your Last Will And testament so when time comes that you die then they will benefits in all your hard work here in crypto.

As for the last will, what if the attorney won't show anything to them? and he's also a crypto guy and he can easily do that? It just so happen that it came to my mind.
What if this scenario also happens even if you've made already a last will for them that's being held by the attorney.

[amintet83]

Make sure that death can happen any moment, that's why if you have a lot of coins worth tons of money you MUST NOT ever lose your private key and keep them safe with a trusted entity . It makes it very impossible to retrieve access to your funds if your private keys are missing. You really don’t want to run the risk. Make sure you store it in a safe place - or, better yet, get a hardware wallet.

[erep]

yes that's a good idea but for me because i dont trust anyone even my family.  maybe i will prefer to write a letter, which information how to manage my keys in order for them to have an access. and i will keep it to my wallet or along with my personal documents because for sure they will search for something in it, especially if they knew that you're making money in bitcoin and you always spend your whole day working in a computer surely there will be a searching operation. Lol

Interesting idea, leaving a letter in the wallet in the form of a toturial to access the seed of the bitcoin asset but how to make sure if the first person to open the letter is one of your family, but this method still has many shortcomings. I think you have to be honest with one of the family members to access the seed file on the flashdisk as a will when you die.

[South Park]

That is an option but only if our death comes in a predictable manner after a long disease or because we are too old, but as we know people die for all kind of reasons at all ages, this is why some other method needs to be used to guarantee that our loved ones are going to receive our coins in the case of an early demise, time locked transactions could be the answer to what we want as this allows us to keep control of our coins and at the same time leave a way to our family members to get those coins at some point in the future.

Personally I'll choose to allow my wife to know everything about my crypto belonging,

Even she's not into this field and her knowledge is just a little which more relying with how I teach her, the very important thing is she knows about how to use my wallet in case worse thing happened she and my kid will enjoy those crypto that I kept from my wallet.
Better than being wasted, I don't  want that to happened with my investment.

Since you have someone that you trust 100% then this is not a problem for you and that is great, but for those that do not have such a person or that are too paranoid and want to leave yet another way to do this then we need to find other solutions and I keep thinking that time locked transactions are the right choice, now before anyone does this it is better they practice with an amount of money that in the case it is lost it does not cause you issues, but once you know how to do it then this is a good way to guarantee your family members will eventually get your coins.

[Oilacris]

That is an option but only if our death comes in a predictable manner after a long disease or because we are too old, but as we know people die for all kind of reasons at all ages, this is why some other method needs to be used to guarantee that our loved ones are going to receive our coins in the case of an early demise, time locked transactions could be the answer to what we want as this allows us to keep control of our coins and at the same time leave a way to our family members to get those coins at some point in the future.

Personally I'll choose to allow my wife to know everything about my crypto belonging,

Even she's not into this field and her knowledge is just a little which more relying with how I teach her, the very important thing is she knows about how to use my wallet in case worse thing happened she and my kid will enjoy those crypto that I kept from my wallet.
Better than being wasted, I don't  want that to happened with my investment.

Since you have someone that you trust 100% then this is not a problem for you and that is great, but for those that do not have such a person or that are too paranoid and want to leave yet another way to do this then we need to find other solutions and I keep thinking that time locked transactions are the right choice, now before anyone does this it is better they practice with an amount of money that in the case it is lost it does not cause you issues, but once you know how to do it then this is a good way to guarantee your family members will eventually get your coins.

You should at least share off and let them have it after you die because losing it entirely and been lost on void isnt really that worth and after all the struggles you've been with crypto investment then it do just sucks big time when those coins would really be just put up to waste or simply cant really be benefited out by your loved ones.

I cant really blame out some people on not to be paranoid because its really hard to trust up nowadays even with your loved ones or siblings or even on your wife when it comes to money.You wouldnt know on when
they would be accessing it without you knowing specially if you do already shared up the keys.

Making up some arrangement like having a will in case you die then they would be getting all of those things inserted with some instructions on how to access.

[Dewi89]

As for the last will, what if the attorney won't show anything to them? and he's also a crypto guy and he can easily do that? It just so happen that it came to my mind.
What if this scenario also happens even if you've made already a last will for them that's being held by the attorney.

Because you keep millions of dollars in your wallet, your will may be silenced by the attorney so that the will is not given to your family or he only gives half of the will. I think the best way is to get your family involved to find out what you have in crypto assets.

[Mr.sprin]

I haven't been honest with my family about crypto. I have assets in crypto and my family doesn't know about it. It's not that I don't trust them, but that I don't feel ready to be honest with them. but i wonder if i will live till tomorrow? I will tell them as soon as possible that I have assets here so that if I die, the fruits of my labor so far can be enjoyed by my wife and children in the future.

[amihada]

I haven't been honest with my family about crypto. I have assets in crypto and my family doesn't know about it. It's not that I don't trust them, but that I don't feel ready to be honest with them. but i wonder if i will live till tomorrow? I will tell them as soon as possible that I have assets here so that if I die, the fruits of my labor so far can be enjoyed by my wife and children in the future.

I think you should immediately be honest with your family because all this time you have been taking the wrong steps. Just imagine that all this time you have worked hard and got results but you have not notified your family if you died and your property there cannot be enjoyed by the family. I don't do anything like that. being honest with family is better than hiding it.

[samsul1234]

In most of the cases when the person dies, his crypto would become useless if his family member do not know about his keys.

I do not usually tell my password or keys to anyone and i know majority of the people don't do this. We are being taught to keep the keys safe.
No one think that one day he will die and in that case, his family won't be able to use those savings (bitcoin/crypto) if they don't know the keys.
Also people won't like to share keys with siblings or wife because they can misuse them . So what could be the solution to this 

hello sir, I think we should tell our key to our wife, and little by little we teach how the bitcoin system works, we have to think about it. heirs when we die later, this feeling is more effective, than we tell our friends or other family

[Nora Olin]

If your tokens are stored in your wallet, perhaps your closest person will not know your key. When a person dies, there is a high probability that the tokens in the wallet will disappear forever, which is equivalent to being destroyed， So that the price of the currency can be increased even higher, but if you tell the closest people the key, they may sell a large amount of bitcoin after you die, which violates the consensus and characteristics of long-term bitcoin holding.

[Mr.sprin]

If your tokens are stored in your wallet, perhaps your closest person will not know your key. When a person dies, there is a high probability that the tokens in the wallet will disappear forever, which is equivalent to being destroyed， So that the price of the currency can be increased even higher, but if you tell the closest people the key, they may sell a large amount of bitcoin after you die, which violates the consensus and characteristics of long-term bitcoin holding.

it's true that if the key is not known by others and we die, all the tokens we save can be lost or like being burned, it would be nice if we gave the key to our own family so that the results we work can be enjoyed by them.

[bitterguy28]

LOL, i'm not thinking about that.

Then you are a Fool not to think about that because any time people may die and no one is safe from that , even when you are inside House still there is a possibilities that you may Hit by a wild bullet.

Btw, im still single right now so if i die i don't really care about my investment..

You don't really care of your investments or " You Dont Have really Investment at all"?  don't fool people because if you really invested in here the first of your concern is when this can be safe at least for your parents or siblings.

[South Park]

I haven't been honest with my family about crypto. I have assets in crypto and my family doesn't know about it. It's not that I don't trust them, but that I don't feel ready to be honest with them. but i wonder if i will live till tomorrow? I will tell them as soon as possible that I have assets here so that if I die, the fruits of my labor so far can be enjoyed by my wife and children in the future.

This is not as uncommon as you may think, years ago the bias against bitcoin was still very strong so people decided to not tell their family members they had some coins, now just a few years later the negative attitude against bitcoin is going down a little bit so maybe this is the perfect opportunity to tell your family members that you have some bitcoin and give them a chance to recover your coins in the case something happened to you, however I will not recommend telling people how much you actually have as most people do not know how to remain silent and this could come to haunt you in the future if the wrong people learn about this information.

[DPrillio]

If your tokens are stored in your wallet, perhaps your closest person will not know your key. When a person dies, there is a high probability that the tokens in the wallet will disappear forever, which is equivalent to being destroyed， So that the price of the currency can be increased even higher, but if you tell the closest people the key, they may sell a large amount of bitcoin after you die, which violates the consensus and characteristics of long-term bitcoin holding.

it's true that if the key is not known by others and we die, all the tokens we save can be lost or like being burned, it would be nice if we gave the key to our own family so that the results we work can be enjoyed by them.

Another aspect of blockchain technology is that every holdings and transaction is only between you and the system and if someday the holders die and gone away no family members can inherit and our assets and holding will remain forever untoched in blockchain as there is no central control for this. The best thing to do if we have assets in crypto is to educate our closest how to use and gave them everything access for them to use.

[Amejoaquim]

I already give my private key into my sister. Just in case, if something bad happen to me then she can still access my wallet. My sister is investing in cryptocurrency too, so we both know about the private key.

[DatKing]

As far as I know, all of your coins are gone forever if you die and didn't share the info of your wallet(s) with anyone. Because there's no other way to recover this information about wallets. It's logic is similar to the transactions we make. For example, if we send our coins to a wrong address, then they will be gone forever also.

[dunfida]

I already give my private key into my sister. Just in case, if something bad happen to me then she can still access my wallet. My sister is investing in cryptocurrency too, so we both know about the private key.

I wish i had a sister like this on where both is really knowledgeable about crypto but since im already a family guy then theres no other whom i can trust but only my wife
but why i cant really just trust up that much? Im just still hesitating on sharing up everything about on how much i do hold or maybe im just afraid
that she might cash out those money and buy something on it.

Well, if you do trust up your wife then you would definitely be sharing it but if not then its better not to tell at all but of course once you die then those coins will be
lost forever or wouldnt be inherited which would be a waste.

[NicNacCoin]

I already give my private key into my sister. Just in case, if something bad happen to me then she can still access my wallet. My sister is investing in cryptocurrency too, so we both know about the private key.

You choose great man decisions because none can know what's would be happened in future. I already wrote my all private keys and password/ phases In my personal notebook which already handled to my younger brother who a good understanding person in cryptocurrencies.