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 :)
some people don't really have trust in his or hers family at first place that's why it may be difficult to share our private information regarding crypto assets before death.+1 for interesting sharing
Before my death I would sell all my Cryptocurrencies and some important accounts passwords written in my daily notebook. After my dead, my wife and children will get my accounts.Yes, I have information about my wallet and password all written in my notebook. I have written them beautifully. I will save my son or wife after death. They know what I do. My son is currently receiving academic education. In a few years he will be able to learn about cryptocurrency
I will probably leave it because my family doesn't like cryptocurrencies or doesn't want to learn about cryptocurrencies.The situation in the world regarding cryptocurrencies is developing quite actively and therefore I will not be surprised if in the near future you change your mind, as well as your relatives change their minds, especially if they find out about your cryptocurrency accounts. ;)
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.
One should always confide in at least a loved one with their private keys and details in cases of eventualities and unfortunate events. These things happen and then if provisions weren't made to forestall the effects theat come thereafter, assets are lost forever. You can share your details with a love one, friend or family member to ensure situations like this never happen.So far, the topic of inheritance is one of the most significant for those involved in cryptocurrency. The fact is that cryptocurrency is not quite an ordinary property, in order to accept and dispose of it, the heirs must have certain knowledge and skills. In addition, a person is so arranged that he least of all thinks about his death. Therefore, a significant part of the cryptocurrency is lost and will continue to be lost due to the death of participants in this market, and simply through their various mistakes. It is unlikely that the situation will change for the better on this issue anytime soon.
I'm still too young to ask this question. I set myself the task of first putting together capital to further make it work without me and only then it will be possible to think about this issue.
I think that until I have completed the first point of the plan i should not bother myself with everyone else.
I'm not worried about cryptocurrency assets. I will leave all the cryptocurrency assets that I will accumulate in the future to future generations, that is normal. All individuals will leave their Bitcoin or other cryptocurrency assets to their loved ones. So I can follow that rule.
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 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
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 ;DI 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
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.
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.
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(https://images.cointelegraph.com/images/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTEvMzI4NzZmMmUtODFmMC00MDE2LTkzY2ItZTQ2N2U1ODg4ZTNiLmpwZw==.jpg)
Article: What happens to your Bitcoin when you die? (https://cointelegraph.com/news/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 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.
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.
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
sad, you cannot take anything with you after death. If there was an option, I would definitely take it with me. ;) ;D Well, I have not hidden anything from the family members. Therefore, after my death, of course, he will be entitled to my property.I wish you to live a long time and not to remember this topic for many many years
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(https://images.cointelegraph.com/images/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTEvMzI4NzZmMmUtODFmMC00MDE2LTkzY2ItZTQ2N2U1ODg4ZTNiLmpwZw==.jpg)
Article: What happens to your Bitcoin when you die? (https://cointelegraph.com/news/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 :)
sad, you cannot take anything with you after death. If there was an option, I would definitely take it with me. ;) ;D Well, I have not hidden anything from the family members. Therefore, after my death, of course, he will be entitled to my property.
This is quite a tricky question to answer because I personally don't share my private key to my wallet with any of my family member so if death should come now I'm not sure if they'll will ever be able to gain access into the wallet unless something magical happens and they maybe find my jotter where I keep all my passwords .Man is so arranged that he thinks very little about his death. So laid down for us by nature or Taorets. Therefore, we will take little care that our heirs know about the secret keys. In addition, the cryptocurrency is developing rapidly and sometimes it is quite difficult for us to keep track of all the innovations that appear on this market and which we need to know in order to successfully and safely own our crypto-spy. Also, many cryptocurrency holders die sudden or violent deaths. Therefore, the problem of losing cryptocurrency holders will always be relevant.
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.You asked a very interesting question between of cryptocurrency and life. I am a crypto investors and also altcoin holder and i never want to share my personal data with my friend or with other member, because it maybe dangers for my fund. But as my opinion we can share our crypto data with our most trusted family member, for example, if you are a marred person, then you can share it with your Wife or Son/doughtier and if you are a unmarried then you can share it with your other trusted family member. Also we can backup our all data on a Diary.
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(https://images.cointelegraph.com/images/717_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTEvMzI4NzZmMmUtODFmMC00MDE2LTkzY2ItZTQ2N2U1ODg4ZTNiLmpwZw==.jpg)
Article: What happens to your Bitcoin when you die? (https://cointelegraph.com/news/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 :)
TBH, I have prepared to save my crypto as my long term assets, I also share my password and private key with my family.
I always believed crypto will have great future and more valuable at the coming future.
I already thought about this. And so he showed his private keys to wallets to his younger brothers. Let them then dispose of the cryptocurrency as they want.
But still i believe it is hard to believe anyone and give your personal information even to your near and dear ones.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 :)
Great question. While I personally wouldn't share private keys with family members, as I don't trust them that much, I have shared my ledger pins with a trusted family member. Thus, if/when I pass away, my hardware wallets will go to the right person, my crypto doesn't go to waste. No kids over here either.
I like the idea of putting it in a will, but I don't think I trust solicitors enough to give them passwords to an encrypted device, even if well stored away :P
Right now I plan to teach my son what I am doing, I will teach him little by little about cryptocurrency or bitcoin, and my plan isIt won't be superfluous.Immersion in the digital economy is a step into the future!
when he is 10 years old I will start making him aware of it. Then everything I know here will teach him, from how to earn here,
and how to transfer the earnings here to real money, even in conducting transactions in exchanges I will also teach him of course.
I think I should write down the crypto account information, then give it to the banks and add it to the family will. Crypto assets should be seen as a fraction of total assets just like real estate, cash, stocks, and gold.If you have a solid part of it, then yes.
Honestly speaking I never thought about this but one should always keep this in mind. There must be one person who knows everything about how to access all your coins So keeping this in mind I keep all my passwords and details in one place. My wife knows about it but she never checks the details I keep. In case of any mishappening, she can access my crypto Ac without any issue.Well, you are well done for taking care of this, I haven't even dealt with this issue yet.