What Happens To Your Cryptocurrencies After You Die?
It may be a bit of an uncomfortable subject but it's up to you what happens to your Bitcoin when you die. If you want it to be useful to someone you love, rather than keep it in circulation forever, you have to act now.
Unlike tangible items (even bank accounts and paper-tracked stocks), the emergence of bitcoin and other cryptocurrencies can be impossible in some cases.
Cryptocurrency trading takes place through systems called cryptocurrency wallets, but these do not work like classic wallets or bank accounts. Your only link with your money in the wallet is an unalterable password created for you. If no one knows your password, it means you will not have access to your money either. The legacy of the Bitcoin account is also so unlikely. Legally, such accounts are not owned by anyone and are anonymous. In our country, especially in nowhere, exactly the legal regulations regarding cryptocurrencies have not been established.
We can consider cryptocurrency platforms as a different option. Cryptocurrency trading platforms do not allow their customers to appoint guardians. Coinbase, the leading crypto-trading platform, leaves the task of assessing its savings to password holders in the discretion of a customer dying. Gemini, another major stockbroker, refuses to comment completely on the issue.
As it turns out, it's not very possible for now to legally inherit cryptocurrency. Assuming that there are too many cryptocurrencies in circulation, it is quite an important issue to place Bitcoin and other cryptocurrencies on legal footing in the name of non-victimization in the future. You have to figure out a way for your own cryptocurrencies to follow you.