How to Inherit Crypto


The topic of how to inherit crypto is new. You could stop us right here and say that no-one wants to talk about death on a popular crypto blog, but let’s face it… humans are 100% mortal.

The question is what happens to one’s crypto savings or holdings when one dies?

There are several ways to make sure that one’s crypto holdings reach the hands of their loved ones, but some of them are tricky. We’ll have a closer look at the commonly used methods and deliver our verdict.

The easiest method

This method must be pretty obvious as it includes writing all the sensitive data on a piece of paper and handling it to the next in kin. By sensitive data we mean public and private keys.

The disadvantage of this method is as obvious as its simplicity. If the piece of paper along with the data gets lost, so will your tokens.

Dead man’s switch

The dead man’s switch method is a commonly used one. This is a computer program set up to email you at certain intervals. In turn, you, as a holder of crypto assets, need to reply/confirm every time an email is sent to you.

If you fail to do that, which may indicate your death, the computer program will check for death record data. If your death is confirmed, your crypto funds will be transferred to your heirs.

This is a solid method, but if you miss one of the emails, your holdings may suddenly be transferred to the specified beneficiary.

Multisignature accounts

Having a multisignature account means creating an identity on the blockchain that is managed collectively.

Given a certain number of regular addresses, at least an x number of the private keys corresponding to those addresses must sign a transaction to perform an action for the multisignature address.

The hidden danger is people suddenly turning on to each other or disappearing with their keys.

Death certificates for exchanges

Some exchanges will accept valid death certificates to help one’s relatives get access to the account of the deceased one. In individual cases, also their will may be requested, containing certain statements, which may be difficult if the amount of crypto holdings is not life-changing. Who would think to include those in one’s will?

The classic method

Have you thought of a bank vault that contains a hardware wallet and private key? This is a good old classic, but you really need to trust the person who will have access to the vault. Are you sure they won’t misuse the information trusted to them?

The topic of crypto inheritance is very interesting and raises a lot of questions. We will no doubt hear more about it in the near future.


Do you have your crypto holdings secured in the event of emergency? What’s your preferred method? Please share in the comment section below!

Better be safe than sorry!

The CoinMetro Team