“Your own bank” is a slogan, that’s commonly referred to cryptocurrencies, but while inheriting funds/assets, that are held in a traditional bank is a fairly straightforward process, inheriting cryptocurrencies, in comparison, is highly dependent on the actions of their initial owner. Oftentimes heirs are unaware of the existence of deceased person’s cryptocurrency porfolio or are unable to access these funds, because they haven’t gotten any instructions on how to do it. This can result in “lost” coins and, most likely, they won’t be ever used again.
In this post I’ll give you some suggestions on how to set-up your cryptocurrency inheritence plan and just to make it less complicated I’ll use Bitcoin as a primary example, but most suggestions & tips can be applied to other cryptocurrencies and cryptoassets.
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