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Author Topic: What are your plans with your crypto assets after death?  (Read 8021 times)

Offline mahadev

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Re: What are your plans with your crypto assets after death?
« Reply #45 on: October 26, 2021, 05:48:54 PM »
I will probably leave it because my family doesn't like cryptocurrencies or doesn't want to learn about cryptocurrencies.
Until now, I have been alone to continue learning cryptocurrency from my family members.

I am also anxious about the future of my assets, yes, although only a few coins are owned, at least if the coins are given, it might become a charity for me when I die.

I think you should give your wallet acces for your family if you die.
Because Your assets will be used them.
Several families also didn't like and support crypto currency but maybe they didn't have knowledge yet

Good idea mate, we should give our wallet acces to our family , because when we are die, our family can use our assets.
But maybe It will difficult.
Because our family should have knowledge about crypto currency
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Re: What are your plans with your crypto assets after death?
« Reply #45 on: October 26, 2021, 05:48:54 PM »

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Offline Jaguar

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Re: What are your plans with your crypto assets after death?
« Reply #46 on: October 26, 2021, 05:53:06 PM »
I think the principle is let your  family knows the private key and all your transactions before  the death. The condition should be set long before the day of illness. Much pleasing to let your wife know your own business. Make sure she is not your enemy. Me, I will let my parents, and future  wife know my wallet and private keys to avoid useless efforts.

Offline LaZim

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Re: What are your plans with your crypto assets after death?
« Reply #47 on: October 27, 2021, 05:50:38 PM »
I will probably leave it because my family doesn't like cryptocurrencies or doesn't want to learn about cryptocurrencies.
Until now, I have been alone to continue learning cryptocurrency from my family members.

I am also anxious about the future of my assets, yes, although only a few coins are owned, at least if the coins are given, it might become a charity for me when I die.

I think you should give your wallet acces for your family if you die.
Because Your assets will be used them.
Several families also didn't like and support crypto currency but maybe they didn't have knowledge yet

Good idea mate, we should give our wallet acces to our family , because when we are die, our family can use our assets.
But maybe It will difficult.
Because our family should have knowledge about crypto currency
You need to create a text document and call it "Top secret" and there make a small guide explaining how to unlock the wallet. And then let them figure it out for themselves. ;D ;D ;D

Offline therozaq

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Re: What are your plans with your crypto assets after death?
« Reply #48 on: October 27, 2021, 06:00:04 PM »

You need to create a text document and call it "Top secret" and there make a small guide explaining how to unlock the wallet. And then let them figure it out for themselves. ;D ;D ;D

We can save it on email, if you didn't want lost your documents because If in devices, sometimes loss
We should give knowledge to our family, So if we die, we still have asset for them
So, If you die, youir family stil have assets
« Last Edit: October 30, 2021, 08:43:03 AM by therozaq »
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Re: What are your plans with your crypto assets after death?
« Reply #49 on: October 27, 2021, 06:30:07 PM »
After the death of the project, many people still have coins, maybe someday they will wake up and start developing. They can be called as scams, projects entered the stock exchange, traded and brought down the market.
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Re: What are your plans with your crypto assets after death?
« Reply #50 on: August 15, 2022, 03:14:04 PM »
I think the principle is let your  family knows the private key and all your transactions before  the death. The condition should be set long before the day of illness. Much pleasing to let your wife know your own business. Make sure she is not your enemy. Me, I will let my parents, and future  wife know my wallet and private keys to avoid useless efforts.
Most often, death comes suddenly and most people do not have time to prepare for it. A person is arranged in such a way that he does not think about his own death, therefore, unfortunately, the cryptocurrency will be lost all the time. For a long time there was information that more than 6 million bitcoins were irretrievably lost. This is not only as a result of sudden deaths, but also as a result of mistakes, ignorance and other reasons.
I am faced with the fact that often wives do not show due interest in cryptocurrency, including because of their workload with the main things. Therefore, it is very difficult to dispose of cryptocurrency in case of death.

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Re: What are your plans with your crypto assets after death?
« Reply #51 on: August 15, 2022, 08:56:23 PM »
After the death of the project, many people still have coins, maybe someday they will wake up and start developing. They can be called as scams, projects entered the stock exchange, traded and brought down the market.

Right now I am holding BP coin that you can Beyond protocol managed by Yahoo . I still regret to hold this shit after I received the bounty payment . But how know this shit will go down like this from 40 USD to one cents now.My portfolio was bullish due to the Beyond protocol price .

But still I dream that within next bull run Beyond protocol will rise up again. But I do not think this will happen again as their project team not look active again
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Re: What are your plans with your crypto assets after death?
« Reply #51 on: August 15, 2022, 08:56:23 PM »


Offline collinsjie

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Re: What are your plans with your crypto assets after death?
« Reply #52 on: August 15, 2022, 11:08:46 PM »
According to a 2020 study by the Cremation Institute, nearly 90% of crypto owners are worried about what will happen to their crypto after they pass away. Furthermore, despite a high level of concern, crypto holders are reportedly four times less likely to use wills for inheritances than non-crypto investors.

Millions of dollars in crypto is being lost each year through the deaths of its owners. Crypto insurance firm Coincover estimates that around 4 million Bitcoin, or $68 billion at publishing time, is out of circulation after access was lost, with a large portion likely caused by death.

In fact, there are a number of ways for investors to bequeath their crypto to the next generation, but each method requires some decision-making and planning, as well as some general knowledge about how crypto works:

+Sharing keys with trusted family members
+Some exchanges can unlock access to crypto with a +death certificate
+Crypto inheritance services



Article: What happens to your Bitcoin when you die?

What are your plans with your crypto assets after death? Do you want to pass on to your children as an inheritance or will they be locked out forever to share that value with the entire crypto community?
Many people choose the first option, they share the wallet & private key with their relatives by storing them in a hardware storage device and the password to access it is only revealed in the will :)

I have future plans for all my crypto assets. I have shown all my children their own private keys. There is no cause for alarm for crypto incase  anything happens.
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Offline gurunanakji777

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Re: What are your plans with your crypto assets after death?
« Reply #53 on: August 16, 2022, 07:26:30 PM »
I think it's not a big issue or concern I also have cryptos but I keep my passwords in my notebook and my wife and my kid can access it anytime from anywhere in the world in case of any mishappening with me. Sharing keys with trusted family members is a good idea don't trust on the exchanges they can deny access to the family members.

Offline Alcor

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Re: What are your plans with your crypto assets after death?
« Reply #54 on: August 18, 2022, 07:02:50 AM »
I think it's not a big issue or concern I also have cryptos but I keep my passwords in my notebook and my wife and my kid can access it anytime from anywhere in the world in case of any mishappening with me. Sharing keys with trusted family members is a good idea don't trust on the exchanges they can deny access to the family members.
Death almost always comes unexpectedly. This is especially true for young people who do not tend to think about death. Therefore, no matter what they say here, the cryptocurrency will gradually be lost. Family members can be given access to our private wallet keys. But you need to know how to use them. And family members do not always have the time and desire for this.

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Offline Review

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Re: What are your plans with your crypto assets after death?
« Reply #55 on: August 18, 2022, 08:14:46 PM »
I think it's not a big issue or concern I also have cryptos but I keep my passwords in my notebook and my wife and my kid can access it anytime from anywhere in the world in case of any mishappening with me. Sharing keys with trusted family members is a good idea don't trust on the exchanges they can deny access to the family members.

Do not you use Password on your pc or laptop? Also writing the phrase key on notepad or etc is not enough or you can't say your funds is secure after applying this method. The thing you need to do first is teach your child or your wife about the bitcoin or crypto currency. Because if you do this, thus they will be aware about it after your death. But if you do not tell them about it , your funds will not be safe.
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Offline owmivmen

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Re: What are your plans with your crypto assets after death?
« Reply #56 on: August 18, 2022, 09:40:54 PM »
I have a wife and only my wife knows all the keys of my wallet and market account. I've taken that into consideration so that my assets are safe and put to the best possible use when I die. I have nothing to worry about with that problem
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Re: What are your plans with your crypto assets after death?
« Reply #57 on: August 19, 2022, 01:50:29 AM »
After the death of the project, many people still have coins, maybe someday they will wake up and start developing. They can be called as scams, projects entered the stock exchange, traded and brought down the market.

Right now I am holding BP coin that you can Beyond protocol managed by Yahoo . I still regret to hold this shit after I received the bounty payment . But how know this shit will go down like this from 40 USD to one cents now.My portfolio was bullish due to the Beyond protocol price .

But still I dream that within next bull run Beyond protocol will rise up again. But I do not think this will happen again as their project team not look active again

I have sold this token for $40 and am currently buying it again. I learned many things from crypto, market situation and other things about liquidity, when Hype comes, it's not always token price will go up, good token has good utility.

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Offline Severus Snaoe

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Re: What are your plans with your crypto assets after death?
« Reply #58 on: August 20, 2022, 10:13:25 PM »
Its funny but i guess it will go with me in the casket. :)
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Offline Jaephoenix

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Re: What are your plans with your crypto assets after death?
« Reply #59 on: August 21, 2022, 12:43:59 PM »
I have always had this fear. Which is a useless fear because when I'm dead I won't care a jot about money or even crypto. My wife doesn't know the difference between a private key and a room key, even if it bites her. Lol. So I'm probably hitting the great beyond with my crypto bag unless something drastic happens, like she getting some crypto knowledge

 

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