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What happens to my cryptocurrency in the event of my passing?
What happens to my cryptocurrency in the event of my passing?

What you can prepare for in the event of your passing.

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Written by David Bowen
Updated over a week ago

As Bitcoin and altcoins are on a distributed network without an intermediary, in the event of your sudden passing, your crypto could be inaccessible if you do not have a plan in place.

There are a number of steps you can take to ensure your crypto is protected in the event of a sudden passing, such as:

  • Sharing knowledge of your crypto plan with trusted family members: This can be as straightforward as storing your wallet or seed phrase in a safety deposit box and letting your trusted family members know the whereabouts.

  • Express your desires in a will: Outlining a plan for your cryptocurrency in a legally binding will is a simple way to ensure your cryptocurrency is protected in the event of a death.

  • Providing a death certificate: In the case of cryptocurrency exchanges such as Coinbase, it is possible to present a death certificate, documentation or a will to retrieve cryptocurrency.

  • Create a family trust: Setting up a family trust will ensure loved one’s will have access to the cryptocurrency in the fund.

We highly recommend speaking to a legal professional to ensure your crypto is protected in the event of a death.

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