What happens to your bitcoins when you die? Well, there are three ways to pass your digital wealth to the next generation.Description: If you fall into the bracket of the average Bitcoin user, you probably have no plans of exiting anytime soon. But, if you own any meaningful amount of digital assets, you should think about what happens to your bitcoin when you die.Cryptocurrencies are still outside the official legislative field in many countries. And where they are not banned, there are no clear regulations on all aspects related to digital assets. One of them is the issue of crypto inheritance. To be more precise: what will happen to the cryptocurrency of a deceased person? The question of bitcoins after the death of their owner is largely up to him. The cryptocurrency does not have a centralized management authority that can automatically hand over assets to be inherited after death. The first way to solve this problem is to transfer their private keys to their own family members.Hal Finney, one of the first supporters and developers of Bitcoin, bequeathed his coins to his children by simply giving them his keys. Approximately one year before his death in 2014, Finney left an important message:\u201cThose discussions about inheriting your bitcoins are of more than academic interest. My bitcoins are stored in our safe deposit box, and my son and daughter are tech savvy. I think they\u2019re safe enough. I\u2019m comfortable with my legacy.\u201dThis practice of inheritance is simple, but it is not suitable for everyone. Not everyone has a person they can fully rely on, even if they are family members. So you can resort to a second way \u2014 go to the crypto exchanges to unlock the accounts of the deceased. For example, Coinbase, America\u2019s largest crypto exchange, allows those who\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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