What happens to Bitcoin if someone dies?

The lack of access to a wallet can pose a significant problem for your beneficiaries. If they are unable to access the wallet, they may not be able to retrieve the crypto investments you have left for them.

When planning to pass crypto investments to your beneficiaries, it's crucial to consider whether they have the means to access a wallet. Without this access, there may be no way for them to gain control of the holdings you intended to pass along.

Naming beneficiaries in a will is another important aspect to consider when dealing with crypto investments. Without naming beneficiaries, the digital assets may be disposed of in a way that is not in accordance with your wishes.

If digital assets are disposed of without proper planning, it may trigger a tax event for your estate. This can result in unnecessary taxes and complications for your beneficiaries.

BTCC is a top cryptocurrency exchange that offers a range of services to help manage and trade crypto investments. These services include spot trading, futures trading, and a wallet to store digital assets securely.