What happens to the coins after your death ?

[KaliLinux]

I am trying to figure out the best way to give that information to my loved ones, without giving them the information first before I die. Is it cheap to rent out spaces where you can store notebooks with passwords on it. I don't even think these kinds of establishments exist. Put everything in a notebook and then just leave it in a pile of your personal documents, waiting for them to see once you are gone. I think that is they only way. Specify that it is cryptocurrency so they should find someone with the know-how and retrieve those coins.

I think that is one of the best ways to go about it. I do understand that some people are uneasy about giving out this kind of information thinking that some family members might even turn against them because of what they believe they can get from it but somehow there must be a trusted person in your life that you can share such information with. 

[Brus123]

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 

Now I don’t have neither a spouse nor children, but when I get married and have children, I will make them learn all the seed phrases and passwords, and I will leave them my cold wallets and all accounts, of course. I suppose that my children will be familiar with Bitcoin, blockchain technologies and all innovations, so they will know what to do with this digital heritage.

[iTradeChips]

I am trying to figure out the best way to give that information to my loved ones, without giving them the information first before I die. Is it cheap to rent out spaces where you can store notebooks with passwords on it. I don't even think these kinds of establishments exist. Put everything in a notebook and then just leave it in a pile of your personal documents, waiting for them to see once you are gone. I think that is they only way. Specify that it is cryptocurrency so they should find someone with the know-how and retrieve those coins.

I think that is one of the best ways to go about it. I do understand that some people are uneasy about giving out this kind of information thinking that some family members might even turn against them because of what they believe they can get from it but somehow there must be a trusted person in your life that you can share such information with. 

I really don't think that family members might turn against each other when it comes to digital assets ( I am not sure about that though since in my experience families get to arguments sometimes when it comes to matters concerning plots of land or inheritance). But my idea where all of your passwords, passcodes, seed phrases, wallet addresses are inputted inside a  notebook and then just leave that notebook inside your personal documents stash and then kept in a "chest" to be stored for a long time. For me that is really the best way for you to ensure that your digital wealth can be passed on to whoever has possession of the notebook.

[Henrobakkara]

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 

Now I don’t have neither a spouse nor children, but when I get married and have children, I will make them learn all the seed phrases and passwords, and I will leave them my cold wallets and all accounts, of course. I suppose that my children will be familiar with Bitcoin, blockchain technologies and all innovations, so they will know what to do with this digital heritage.

What about when this happens when the person doesn't have a spouse and children as you just mentioned, does that mean that they should not share with any other family outside their spouse and children? In the end, it still comes down to whether you see anyone around you as a trusted person that you can share such kind of information with, if not, it will all still go to waist.

[Mr.sprin]

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 

Now I don’t have neither a spouse nor children, but when I get married and have children, I will make them learn all the seed phrases and passwords, and I will leave them my cold wallets and all accounts, of course. I suppose that my children will be familiar with Bitcoin, blockchain technologies and all innovations, so they will know what to do with this digital heritage.

What about when this happens when the person doesn't have a spouse and children as you just mentioned, does that mean that they should not share with any other family outside their spouse and children? In the end, it still comes down to whether you see anyone around you as a trusted person that you can share such kind of information with, if not, it will all still go to waist.

I'm sure everyone has a trusted person, maybe even an outsider, not from family like close friends, even they can be trusted more like family, so those who have to be trusted don't have to be family.

[tiCeR]

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 

Now I don’t have neither a spouse nor children, but when I get married and have children, I will make them learn all the seed phrases and passwords, and I will leave them my cold wallets and all accounts, of course. I suppose that my children will be familiar with Bitcoin, blockchain technologies and all innovations, so they will know what to do with this digital heritage.

What about when this happens when the person doesn't have a spouse and children as you just mentioned, does that mean that they should not share with any other family outside their spouse and children? In the end, it still comes down to whether you see anyone around you as a trusted person that you can share such kind of information with, if not, it will all still go to waist.

I'm sure everyone has a trusted person, maybe even an outsider, not from family like close friends, even they can be trusted more like family, so those who have to be trusted don't have to be family.

I would be very careful with anyone and in a best case scenario it is a friend who in relation to your crypto wealth earns enough wealth himself or herself to not be tempted to ultimately betray you. If your best friend is known to be in (financial) trouble, with all due respect it might still not be the perfect decision to entrust him with keys to your cryptocurrency wealth.

[bittraffic]

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 

Now I don’t have neither a spouse nor children, but when I get married and have children, I will make them learn all the seed phrases and passwords, and I will leave them my cold wallets and all accounts, of course. I suppose that my children will be familiar with Bitcoin, blockchain technologies and all innovations, so they will know what to do with this digital heritage.

What about when this happens when the person doesn't have a spouse and children as you just mentioned, does that mean that they should not share with any other family outside their spouse and children? In the end, it still comes down to whether you see anyone around you as a trusted person that you can share such kind of information with, if not, it will all still go to waist.

I'm sure everyone has a trusted person, maybe even an outsider, not from family like close friends, even they can be trusted more like family, so those who have to be trusted don't have to be family.

I would be very careful with anyone and in a best case scenario it is a friend who in relation to your crypto wealth earns enough wealth himself or herself to not be tempted to ultimately betray you. If your best friend is known to be in (financial) trouble, with all due respect it might still not be the perfect decision to entrust him with keys to your cryptocurrency wealth.

I wouldn't do that if I were you. Even brothers, sisters, and wives can do things you won't expect they would. If you are healthy or do not expect to die sooner like you have plenty of enemies trying to get you just keep your private keys and seed with you. I can see the logic that anyone could die any moment, probably won't wake up the next morning but at least give it to someone you know you can trust.

Having kids is a lot difficult actually. You don't know who to trust and if the ones you trust will also take care of your kids. A less bitchy sister I guess will help.

[Rruchi man]

Because of the nature of cryptocurrency, if one doesn't make proper plans as one does for his assets after death, it may either be lost permanently or squandered.

It may be lost in the sense that if his passwords and keys are not properly documented and kept safely, nobody will be able to gain access in the sad case or scenerio of death.

It may be squandered and sold off quickly also if it was documented and passed on to someone who has little knowledge of the importance and future of cryptocurrency and is just shortsighted.

[skarais]

Because of the nature of cryptocurrency, if one doesn't make proper plans as one does for his assets after death, it may either be lost permanently or squandered.

It may be lost in the sense that if his passwords and keys are not properly documented and kept safely, nobody will be able to gain access in the sad case or scenerio of death.

It may be squandered and sold off quickly also if it was documented and passed on to someone who has little knowledge of the importance and future of cryptocurrency and is just shortsighted.

That is why inheritance should be considered as early as possible by those who own large amount of crypto asset such as bitcoin. The investor in crypto will probably care so much about the asset they own that it's possible for them to think about where their asset should go after their death. If they do not have a private key that has been secured and handed over to a trusted party, chance are that the heirs will not be able to be used by their heirs. That is, when the heirs do not have the private key then the asset is not for them and the worst thing is that the asset will be lost forever from circulation.

[Koro-Sensei]

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 

Unless its an accident of a sudden death, your coins could probably be dead also. For me, if I can feel death for is near, I would really make a personal letter in email containing my keys and send it to my beloved ones with a note in every address. A plan should be established before your death and give all your wealth. You can't bring those wealth so give it to people you care the most.

[Frengki_cisco]

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

it has become a certainty-the crypto that is owned is useless-for that from an early age people who are involved in the crypto world, should teach the family-that's important.

Crypto-assets-so the family deserves to know.

[ReiMomo]

Unless the access to where its stored is not given to any, it would lost. I would prefer to give the access to my spouse. I am training her on it though. But to those who do not trust anyone else, can write their wills to any trusts, orphanages, homeless people and etc. If this is not done so, the coin remain stable somewhere, where none can access and it would become useless.

[Pokapoka124]

When you die your coins die with you unless you set up some kind of system that transfers your coins to your beneficiary after your death. I think with cryptocurrencies in this case it is even worse for the deceased and his family because without the private keys the coins are forever lost.  Another story for the news

[Woodie]

If that was going to happen am afraid to say these coins will be there just growing in value without anyone to claim them and I think this is a what happens with many crypto users bitcoins. And I think it's time to introduce family to this so that should anything happen they have some crypto to remember about should they decide to use it after am gone.

[dunfida]

If that was going to happen am afraid to say these coins will be there just growing in value without anyone to claim them and I think this is a what happens with many crypto users bitcoins. And I think it's time to introduce family to this so that should anything happen they have some crypto to remember about should they decide to use it after am gone.

It would be just wasteful if you do let all of your hardwork and effort would come to waste if those coins would be lost forever in the void when you are gone.

We dont hold our own life and anytime we would really die no matter what age you do have right now.It is just right that you should be mindful about on how those coins would be passed up as inheritance.

You can make some will and tend to be opened only when you are gone which having corresponding instructions on how to access those wallet but of course before you die then you should

at least tell your family about crypto or just simply telling the basics.

[blackened515]

If that was going to happen am afraid to say these coins will be there just growing in value without anyone to claim them and I think this is a what happens with many crypto users bitcoins. And I think it's time to introduce family to this so that should anything happen they have some crypto to remember about should they decide to use it after am gone.

I think it important we share our wallet details with either our family member or friend. If one dies, and he/she have not informed anyone about his/her private keys. The coins won't be accessable. Am thinking of introducing cryptocurrency and how it works to my younger brother and probably give him my private keys, so in case am no more, he can manage my coins. Another important issue here is trust, you have to trust your beneficiary. To make sure he/she won't misuse your Cryptocurrencies Investments.

[nhaila]

After the death of a person, not all worldly possessions are of any use to him. However, the property left behind may be occupied by someone of his lineage. I have written all the documents in my cryptocurrency in the name of my only daughter all the password security system notebook. My daughter will be the only partner after my death.

[Luqman]

If you are healthy or do not expect to die sooner like you have plenty of enemies trying to get you just keep your private keys and seed with you. I can see the logic that anyone could die any moment, probably won't wake up the next morning but at least give it to someone you know you can trust.

Even you are healthy, it doesn't guarantee you to live longer than people who are sick. The reasons to die are varied, no one can predict how he will die and when it is. Because of this fact, we must prepare everything, including sharing our important assets with the most trusted person in our life. If you think your children or wife can be trusted, just give the priority to them. They are the nearest people in our life, always be there to help us every time.

[finaleshot2016]

If you are healthy or do not expect to die sooner like you have plenty of enemies trying to get you just keep your private keys and seed with you. I can see the logic that anyone could die any moment, probably won't wake up the next morning but at least give it to someone you know you can trust.

Even you are healthy, it doesn't guarantee you to live longer than people who are sick. The reasons to die are varied, no one can predict how he will die and when it is. Because of this fact, we must prepare everything, including sharing our important assets with the most trusted person in our life. If you think your children or wife can be trusted, just give the priority to them. They are the nearest people in our life, always be there to help us every time.

Sickness isn't the only thing that can kill you; there are a variety of situations you could find yourself in if it's your time to go. We don't know where we'll die, and we can't predict how or when we'll die, so I agree that assuring or securing your keys to some relatives is the best fit solution. Of course, you don't want those coins to go to waste just because you die; instead, make certain that someone will inherit and benefit from them.

[Hendra gunawan]

Coins will not be lost or die.  even if we die, so the coins will forever be in our wallet.  It is important to take small notes and teach our children about crypto.  Then give the private key to them to be inherited.