What Happens To Your Crypto If You Sleep One Day and Don't Wake Up The Next Day?

[Bitbtc8]

I'm not married yet so if death comes then the crypto coins will go to waste, it's different from leaving money in the bank and the bank sitting their ass on the money for good, I lovey parents but they are too old to understand anything techy, if I already have children it would be a different case

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[KevinRosa]

I read the answers of most people on this thread, and everyone did not prepare for this day. I think this is also a very good thing. Everyone is very young and has not yet reached the age or time to consider this issue. However, now this problem should be solved.

The best way is to summarize all the financial assets, on which platform the investment was made, and the platform account/password should be recorded; the bank card used and the bank card password should also be recorded, and then tell the family to make a backup.

Of course, if you are inconvenient to disclose so much information to your family, then you should at least tell your relatives about the investment of financial assets.

So it can be reminded here that it is necessary to report to family members regularly for investment and financial management.

[MKings]

My password was only told to my family, because my memory is not very good, I may forget my password within ten days, and my other passwords have also been told to my family, and my family’s password will also be told to me , Is to prevent accidents from making money not available.
If my password is not told to my family, when I can't wake up, I may lose a large part of my money, because my monthly salary will be invested 20%.
In order to protect the

[Charles-Tim]

My password was only told to my family, because my memory is not very good, I may forget my password within ten days, and my other passwords have also been told to my family, and my family’s password will also be told to me , Is to prevent accidents from making money not available.
If my password is not told to my family...

Password! Are you making use of custodial service to hold Bitcoin and other cryptocurrencies? If not your key, it is not your coin on blockchain, you have no full control over your own coin. Noncustododial wallet is perfect in this regard for total control, preferably hardware wallet for more safety. What can make you have total control, freedom and privacy is private key or seed phrase that generate you the private key.

[Macadonian]

I think a lot of Bitcoin will be lost because people do not have plans for their friends or family to inherit it after they pass. Fiat the government have control over the banks which they can recover it if you were to die but Bitcoin is different and Bitcoin having a 21 million cap is not accurate when you think about the amount of coins which have been lost because people have passed I think a lot of coins have probably been lost a lot more with this Covid 19 pandemic.