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?
It depends to situation like example we die but forget to give some information to trusted people about to our funds in crypto even password. And some situation that we die on the spot and ni one to your family knows about your crypto funds. There's so many circumstances that need to be concluded we don't know what will happen to us every day. So my suggestion better to write it it to a paper so what ever happen your family retrieve your funds.