I just talked to their customer support, I ask them to tell me how can I tell my family or give them a simple instructions when in the scenario I passed away how they could claim the funds in my account.

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However they didn’t really give me anything helpful, they basically just say “just leave them as much info as possible”, the thing is even though I trust my family but I don’t feel like making my account info available in multiple device because that will potentially increase the risk.

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Anyone have a solution on this?

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**EDIT: I don’t store in hardware wallet because I’m still actively trading with my cryptocurrency.**


➔ Visit Binance now and start trading

20 Comments

  1. symbiotic_bnb on 29. September 2019 at 0:32

    All you need to do is complete KYC. If your beneficiary is aware of your Binance holdings, they can contact us and we will guide them through the process. It is somewhat complicated, as any inheritance process is, due to the need to verify legal documents and otherwise.

     


  2. park_injured on 29. September 2019 at 0:32

    I am your father, pass them to me

     


  3. KruncH on 29. September 2019 at 0:32

    Move everything off Binance and in to a hardware wallet. Leave them the hardware wallet, with instructions on how to access it, in your will.

     


  4. durascrub on 29. September 2019 at 0:32

    This will likely make for some interesting headlines: “Heirs Rekt When Deceased Relative Leaves Inheritance In Online Casino”

     


  5. xamojamei on 29. September 2019 at 0:32

    **VERY IMPORTANT ISSUE**

    My advise is to put ALL or almost all of your assets onto a hard wallet like Ledger Nano S or X. (https://www.ledger.com)
    Do NOT leave your crypto/assets on an exchange EVER… ! (I also use Binance)

    My wife and I bought 2 of them (hard wallet Ledgers S) because we travel apart sometimes to the other side of the world and in case something happens like a home fire or plane/car crash, the other will still be able to retrieve all assets.

    Another important issue is you have to take care of, is the (extremely small) possibility that you+partner *go/pass away* together in an accident.
    The possibility is small but these things DO happen.

    Store your 24 Seed Words (necessary with the Ledger S or X and GOOGLE it !! ) and split them into 2 or even 3 or 4 different papers/envelopes and deposit them in 2 or 3/4 bank safes (different banks) OR with one or two official Notary offices in sealed envelopes, ONLY to be opened in case you have passed away and ONLY to be opened by trusted family members like parents, children with the proper ID’s etc.

    *That clause should be in written language for the Notary(ies) or bank(s)*

    It also depends which country you live in since heritage laws vary from country to country.

    There’s also SAFEHAVEN and you can find more info on the VeChain subreddit and a link is here:
    https://old.reddit.com/r/Vechain/search?q=safehaven&restrict_sr=on

    THIS is also an interesting link and topic although I didn’t read it into detail yet:

    https://old.reddit.com/r/Vechain/comments/b6ukf2/help_me_out_why_should_i_trust_safehaven_more/

    Let me know how you proceed since it is a **VERY IMPORTANT ISSUE**
    how to take care of your assets in case something happens to you/partner/wife/husband.

    Personally (because of possible language/country issues) I will not use the services of SafeHaven.

    I think that very large percentage of ALL Crypto/Bitcoin investors did NOT yet arrange for the dramatic situation in case of a mortality… 🙁

    And that’s a RISKY THING since you could lose ALL OF YOUR ASSETS !!

     


  6. mitch1660 on 29. September 2019 at 0:32

    Get a Ledger Nano or Trezor

     


  7. Anandgarg007 on 29. September 2019 at 0:32

    maybe they would open a joint account in the future.

     


  8. almondbutter on 29. September 2019 at 0:32

    This is a good question. Even though this person should have the basic assumptions covered, such as a sheet of paper listing the exact steps one would need to take to access his funds on Binance:

    * Have kin establish KYC account with fiat on/off ramp so they can cash out.
    * Correct url, to go to binance
    * Password and slider correctly on binance to advance to log in – open authy or other 2fa program – enter password to that program, copy code into binance
    * Go to balances tab, correct url, hit withdrawal hyperlink
    * Make sure to have a correct ETH (for example) address identified to the next of kin and enter it correctly to send the ETH to a fiat on/off ramp such as coinbase.

     


  9. 01BTC10 on 29. September 2019 at 0:32

    I know you don’t want to use a hardware wallet. So I would complete the KYC like suggested and/or make a will with a lawyer with password to a keepass database with instruction how to cashout from binance.

     


  10. Oracle333555 on 29. September 2019 at 0:32

    You are Safu

     


  11. Redditorrated on 29. September 2019 at 0:32

    As with anything, if you don’t get a will / trust / probate out of the way family and heirs can rekk your investments via greedy bloodsucking Attorney’s who will prey on fears anger and distrust to fan the flames and fuel their jets for the next 6 years and send their kiddos to college on your crypto.

    With that said, Ledger Nano and a backup Ledger Nano with the recovery seed already recovered. As long as they have the seeds and password amongst two trusted family members they can ALWAYS find someone to show them how to open the crypto wallet. The bigger issue is how your government will tax a utility or inheritance and to make sure the family knows which crypto you have.

    Lastly, it’s fucking crypto man! Get a smart contract upon your death to have your crypto go to their wallets. I would trust something like ChainLink, I think TRON and Raven May be able to do this. Anything trustworthy and with oracles

    They can setup a non-profit and setup a wallet. then send as a smart contract donation so the IRS owes you even in death. The donation will go to your kiddos instead of an inheritance tax.

    But then again I’m not a blood sucking attorney or angry Federal agent. I’m just a patriot who believes in being taxed once is enough for Uncle Sam. I do love my Unc but that fool is money hungry. And I don’t even know why I always have to pay my Uncle Sam so much, he’s not even my uncle… I’m Mexican

    Ha! Mexican American! Rangers lead the way faggots!

     


  12. ayeitsmeee on 29. September 2019 at 0:32

    I gave a flash drive to my mom and best friend with instructions what to do in a sealed envelope. If anything untoward happens between now and the inevitable, I can check then envelopes, if ones broken, I know who’s to blame.

     


  13. southofearth on 29. September 2019 at 0:32

    There is a reminder email that gmail send every year. I forget what its called but basically you have to click it so that it knows youre still alive or something like that. If you happen to die, the reminder email would see that you didnt verify yourself that year and proceed to email all the contacts u listed for it to email in this case. Then, in your message you would say something like “if youre reading this i must be dead… etc etc.” and leave all login instructions, links, usernames, passwords, 2FA code etc. This might be a good option if you prefer not to trust the banks safe deposit boxes or wills. Also, i read that splitting the recovery words can backfire as well as they need to be iniut in the correct phrase and losing just 1 or 2 words out of 24 would make the wallet unrecoverable.

     


  14. wipeoutlol on 29. September 2019 at 0:32

    Bookmark

     


  15. GaRGa77 on 29. September 2019 at 0:32

    Not your keys not your bitcoin so…

     


  16. Jezzes on 29. September 2019 at 0:32

    Not your keys, not your crypto.

     


  17. MaribNish on 29. September 2019 at 0:32

    Learn about safehaven.io

     


  18. rulesforrebels on 29. September 2019 at 0:32

    Dont store it in binance

     


  19. [deleted] on 29. September 2019 at 0:32

    u/tippr $0.50

    Buy the updated version of bitcoin (BCH/BCHABC). Store it in electron cash, and with that you can also use a ledger nano s if you so choose.

     


  20. 1080ti_Kingpin on 29. September 2019 at 0:32

    Downvote for stupidity.

    “Not your keys, not your coins.”