Bitcoin as a Decentralized Cryptocurrency has no physical structure just like the bank. It’s basically stored in a digital wallet/account being operated from a mobile device and its security embedded there also. In creating Defi wallet or block chain account no available section for next of kin or third party details Its always advised to keep Recovery Phrase details secret in save location, these will help in recovering the wallet.
Literally bitcoin details remain secret and personal to me. If I continue to keep my details secret of what use would it be to me when I’m no more and my love ones can’t benefit from my bitcoin? Here is my question what happens to the bitcoin of someone who died and didn’t disclose his/her wallet details to anyone? please I need response . Would the bitcoin be abandoned in the wallet forever?? Would it be a waste of bitcoin?
This is serious,if someone is dead without telling anyone his bitcoin account password the money is gone for life,it is advisable to tell someone you trust your wallet details in case anything happen,its not compulsory your child,because some children are not trustworthy, have you not heard of a son that drugged his father in order to transfer huge amount of bitcoin from the fathers wallet,some dubious children can even kill their parents because they have access to the wallet.