What happens to your digital bitcoins if you die?

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What happens to your digital bitcoins if you die?

Postby coffeeFreak » Mar 1st, 2018, 10:26 pm

Been looking into this whole cryptocurrency thing and am wondering about what happens if a person dies. Here is one article, but must look into it further.

https://www.cbsnews.com/news/what-happens-to-your-digital-bitcoins-if-you-die/
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Re: What happens to your digital bitcoins if you die?

Postby Jlabute » Mar 2nd, 2018, 9:33 am

I suppose unexpected deaths are harder to plan around since you may not have the opportunity to pass on any keys or usernames or passwords or what-ever you need to access online trading, or your secure wallet, etc. Plan and have a will I suppose? Is it possible there will be some bitcoins that'll get stuck, untraded forever?
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Re: What happens to your digital bitcoins if you die?

Postby Yurii S. » Mar 4th, 2018, 9:05 am

Maybe you can write a covenant, so that after the death of the bitcoins passed to someone)))
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Re: What happens to your digital bitcoins if you die?

Postby honkonbobo » Mar 24th, 2018, 4:27 pm

As long as the executor of your will is aware you have bitcoin, then it can be passed on with other assets. Buying and selling bitcoin is a complicated process in Canada so you may want to have a conversation or leave instruction with your will.
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Re: What happens to your digital bitcoins if you die?

Postby Woodenhead » Mar 28th, 2018, 2:02 pm

honkonbobo wrote:you may want to have a conversation or leave instruction with your will.


This. I imagine having valuables or whatever in a safety deposit box would be handled similarly. The main thing is your private key, and how you pass that info along to the right people only.
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