It is inevitable that we will all die at some point, but that doesn't mean we should not be prepared for that.
The people who deal with cryptocurrencies should have this possibility even more in mind. What will happen to our cryptocurrencies when this bad scenario happens?
I recently devoted a lot of thought into that matter. I know it is quite a negative thought but I don't want all this effort to be wasted. Earning from trading, blogging, investments, airdrops, etc. All these have shaped my hard-earned crypto portofolio.
Death is inevitable but cryptocurrencies came to stay
Cryptocurrencies are here to stay. I think the future is already here. Everything will be digital at some point.
In case you have never thought of this scenario, I would suggest you to dedicate a little of your thinking on this.
Personally, I would like to happen the same thing that it could be done with cash. I want my family to enjoy my crypto portofolio I have left for them. Life is so unpredictable that anything can happen at anytime.
Preparing your beloved ones to gain access to your wallets and accounts before death is necessary. Even if you are not married, wouldn't you love your cryptos to be used and be useful to someone else?
Best Ways For Passing On Cryptocurrency
Using a Hardware Wallet is the simplest ways to pass on your cryptocurrency. Even someone who is not familiar, won't have a hard time using that. With the right information in advance, or leaving sources for reading, it will be a piece of cake.
You can read Best Hardware Wallets [Huge List of 25+ Wallets]
Probably if you are into trading, you could give access to your beloves ones to the exchanges you use, but I don't think that it's too safe to leave your assets long enough into them as they could be hacked.
I personally, have my Ledger in a safe place, with a note that shows step-by-step the process to access my wallets, accounts and assets.
It is a pleasure knowing that all my effort in crypto space will not be wasted and can used by my family at anytime and can possibly be a big help and improvement for their life.
The last thing your family will be thinking that day is your crypto, but wouldn't it be nice if they could inherit your hard-earned assets?
Preparing this process will make it easier and could be a big help those hard days.
I would love to know your thoughts and which one you think is the best way to pass on your cryptos.
Have you taken any step to make sure you passed your assets to your family? Let me know in the comments below.