Inherited Bitcoin? Start Here
A Crisis Response Guide for Executors and Heirs
When a loved one passes away owning Bitcoin, the recovery process can range from straightforward to impossible, depending on how they stored their assets. If the deceased was not a client of The Bitcoin Adviser, they likely managed their own security, meaning there is no "central bank" or "reset button" to call for help.
If you're planning ahead for your own Bitcoin inheritance (not currently in a crisis situation), see our comprehensive Estate Planning & Inheritance guide for best practices.
π STOP: The Critical Warning
- Do not type "seed words" into any website. If you find a list of 12 or 24 words, these are the master keys to the Bitcoin. Scammers often create fake "recovery" sites to steal these words.
- Do not share details publicly. Disclosing that you have inherited Bitcoin can make you a target for physical or digital theft.
- Don't "experiment" with devices. If you find a hardware device (resembling a USB stick), do not guess the PIN. Multiple wrong attempts can "wipe" the device permanently.
Identify Where the Bitcoin Lives
Check the deceased's digital and physical records to determine which of these three categories applies:
| Storage Type | What to Look For | Recovery Path |
|---|---|---|
| Exchange | Emails from Coinbase, Gemini, or Binance; "Paper trail" of monthly statements. | Moderate: Contact the exchange support team. They will require legal documents to release funds. |
| Self-Custody | A physical device (Trezor, Ledger) or a written list of 12/24 "seed words" on paper or metal. | Technical: Recovery depends entirely on finding these words. Without them, funds are lost forever. |
| Multisig | References to services like Unchained, Casa, or Theya; multiple hardware devices. | Guided: If they used Collaborative Security, a professional partner likely holds a backup key to assist you. |
The Executor's Immediate Checklist
Place any Trezors, Ledgers, or USB sticks in a fireproof safe.
You will need the certified Death Certificate and Letters of Administration/Probate.
Diligently search physical files, safes, and safety deposit boxes for 12 or 24 words.
Search for terms like "Exchange," "Wallet," "2FA," or specific brand names to find account trails.
Non-Client Estates
While we cannot "unlock" a single-signature wallet if the keys are lost, The Bitcoin Adviser provides professional audit and transition services for executors:
- Security Audit: We can help you identify found devices and explain the risks of your specific situation.
- Safe Handling: We guide you through the technical process of moving inherited Bitcoin into a secure probate wallet to prevent theft during the estate settlement.
- Fiduciary Guidance: We work with your estate attorney to ensure the technical transfer matches the legal directives of the Will.
Next Step: Would you like to request a Professional Estate Audit to assess a discovered Bitcoin holding?
Need More Help?
If you're dealing with inherited Bitcoin, you're not alone. Explore our comprehensive resources for executors and heirs.