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Managing a Binance crypto portfolio after death?

Grief is a terrible ordeal. The presence of loved ones and expressions of affection can help you overcome your grief.

Faced with the formalities to be managed, it is important not to be overwhelmed. Get the information you need now access to the Binance account of your loved one with Legapass. If the necessary steps in terms of digital succession have been taken, you will be able to connect to all the accounts of the deceased.

 

Binance is a cryptocurrency exchange platform and a digital currency wallet. It is therefore a virtual meeting place between the supply and demand of cryptocurrency.

Founded in 2017, in Hong Kong, the company has made a name for itself with its CEO, Changpeng Zhao becoming a billionaire in less than a year.

In April 2021, the exchange platform is recognized as the largest global digital exchange by sales volume.

On May 4, 2022, the AMF (French Financial Markets Authority) officializes Binance by qualifying the platform as PSAN : Service Providers on Digital Assets.

Binance is the global blockchain leader.

For information, the blockchain is a database that allows to store and transmit information that can be shared simultaneously with all its users. It does not depend on a central body. The transmission is done quickly and securely.

 

 

What is a Binance crypto wallet?

Asset transfers can be made between the Binance account and the Binance portfolio.

Please note that no digital funds transfer can take place without a wallet.

For this, if you choose a portfolio of type "software" online, you just need to install an extension called "Binance Wallet that you add to your browser.

 

Binance

 

The three types of portfolio : software, hardware and paper

The paper wallet is practically no longer used, because a printout of paper data can be easily lost and the lack of reliability seems obvious, but not only for this reason. Indeed, from a paper wallet, one cannot transfer only a part of the cryptos possessed, it is the totality which must be sent. This kind of operation is really to be avoided.

The safest way is a hardware wallet (an external media) but less practical than a software of course.

Among the so-called "software" portfolios, there are online (via an internet connection) or offline (also called cold wallets, more secure, because there is no internet connection involved).

It is important to know that a cryptocurrency wallet does not store cryptocurrency strictly speaking, it allows you to enter into a relationship with the blockchain.

The wallet keeps private and public keys. Thus, the address is a public keyThe address is a kind of location on the blockchain that allows funds to be transferred. You can communicate the address or the public key, but it is important to know that it always comes with a private keyThis information must not be disclosed under any circumstances, as it is what gives access to cryptocurrencies.

It is therefore very important to carry out backups of your portfolios.

 

➡ A Binance crypto wallet?

Getting back to the question: what is a Binance crypto wallet?

Apart from using a portfolio developed by Binance as a "Binance Wallet or "Trust Wallet the official decentralized wallet of the platform, we should not talk about a Binance wallet but more about a Binance account.

The metaphor may make you smile, but let's compare Binance to a business. Well, if you want to buy in this business, you have to enter with your wallet, whatever it is!

 

 

How do I get my money back from the Binance crypto wallet?

In order to recover money from a cryptocurrency wallet, you must be in possession of the public and private keys for portfoliosthat Legapass will have sent you.

You will be able to use these keys to sell the cryptos of the portfolio(s) from a crypto buying/selling platform then transfer the funds to a bank account.

 

➡ To retrieve money from a Binance account

You will have to contact the customer service of the platform by sending an email to :

Product@binance.com.

Please remember to include identification, a copy of the death certificate, and proof that you are the beneficiary or executor of the estate.

 

You then have to wait for a response. There will certainly be several exchanges with the platform before you can get the cryptos back.

By preparing your digital estate, you will avoid all these steps for your descendants!

To start the registration of all your digital possessions, click it's here !

Free and secure!

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