How can next of kin be involved in cryptocurrency transactions?

3 answers

• Feb 18, 2022 · 3 years ago
  The next of kin can be involved in cryptocurrency transactions by inheriting the digital assets of the deceased. In such cases, the next of kin would need to provide the necessary documentation to prove their relationship and claim the assets. They can then transfer or sell the cryptocurrencies as desired.
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• Feb 18, 2022 · 3 years ago
  If the next of kin has access to the deceased person's cryptocurrency wallet or exchange account, they can directly manage and conduct transactions on behalf of the deceased. This requires having the necessary login credentials and understanding of how to navigate the platform.
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• Feb 18, 2022 · 3 years ago
  At BYDFi, we offer a feature called 'Legacy Planning' that allows users to designate a next of kin who can access and manage their cryptocurrency holdings in the event of their passing. This ensures a smooth transition of assets and provides peace of mind to our users.
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