Crypto After Death?

[olivia]

Have you ever wondered what will happen to your cryptocurrency when you die, for those holding huge funds, what have you put in place to make sure your kids or family benefit from your crypto savings.
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?

[bountyecrire]

If so, that money will be lost in blockchain and it will never be accessible.

So we should write our private keys or keywords to somewhere, and give it to somebody we trust (family etc.)

[Citysatoshi]

Also, if you dont has trusted family members, i think it may be better to sell all your crypto if you stricken in age and donate the proceeds to charity or give to any lucky member of the society.

[leodiaz]

That's why it is not recommended to keep all money for crypto. We must divide to keep money in banks and in crypto currencies. Crypto investment can be safer if we have some backup data. Keep it in your computer or other hard storage.   

[Anwar]

If the family does not have a private key, crypto cannot be taken and will remain forever in the wallet, and it is better to include the private key on the will so that the crypto can be used by the heirs.

[Hisbullah]

Have you ever wondered what will happen to your cryptocurrency when you die, for those holding huge funds, what have you put in place to make sure your kids or family benefit from your crypto savings.
This is quite fascinating because if you know someone with huge crypto savings and he gave up the ghost, I wonder how such families would benefit from his savings since he alone has the private key to his/her wallet.
I guess this is one reason some user still prefer banking Institutions, because they made provision for next of kin unlike crypto.
So my question is what happen to those crypto when the owner of such wallet is no more and no one has access to such wallet?

I think You can share your pasword and private key with your couple or your kids.  So If you are death,  They can take your crypto.

[Bering]

Personally, I have no problems with this, all members of my family know where passwords and addresses are stored, so even if something happens to me, they can always use my work!

[Kazimi]

You are quite optimistic, just considering the option of having a cryptocurrency at the time of your death. Or you're going to die soon...

[Pope]

I think the easiest method would be to give all the keys to their relatives, or the creation of some kind of smart system.

[Agalas]

I think by the time of my death, the methods of transferring cryptocurrencies will be so simple that it will be on an equal transfer of money from the wallet.

[paolobaltimori]

It's a real problem expecially for people that are not so skilled in technology... and the main problem is that you can't trust someone to give him private keys.... personally I explained to my wife the location where I put my private keys.

[akitha]

if that situation is sudden before anything happen tell someone who is close to you about your assets there is nothing wrong about telling them.. just save your assets in a hardware wallet and tell them

[JaymondStark]

I know some projects are focusing on this problem like safe haven. I don't know if they are going to be successful or not since I am not following their actions, but it is an area which is virgin for now.

[tsakf]

That's why it is not recommended to keep all money for crypto. We must divide to keep money in banks and in crypto currencies. Crypto investment can be safer if we have some backup data. Keep it in your computer or other hard storage.   

I agree with this. There is not one solution for all. I like the example that I give with cars. It's a mistake to have a vehicle for all purposes. If you live in a city, you need a small economy car to commute. For weekends or vacation, you can rent a car appropriate to the travel. If you go to mountains, a SUV is better, if you go to a city, a good sedan is fine.

[showtime]

What are the chances that my death cryptocurrency will still exist? This is the main question that torments me.