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?
Pretty obvious, it will stay on that wallet forever, as long as therei s no one knows that persons private key it will remain untouchable.but for me this kind of idea is un necessary, because i all i want to do is to make money for my family needs, and when the time come for me to rest forever, i will tell to my wife all the information about it before i die, all informations from the start for her to understand easily this crypto and she can get my money outside crypto, or if she wants to continue my journey.