Aladdin Exchange, one of the famous crypto exchanges in the market that provides a seamless way to buy, sell and trade digital assets, officially announced the launch of its inheritance feature. This state-of-the-art feature of the platform enables users to pass its crypto assets to its beneficiaries in case of their absence.
In detail, the inheritance feature will allow its users to designate up to three beneficiaries. Users will be required to provide their full name, updated email, and phone number. First, however, the user must ensure to achieve Level 4 (KYC Verification) in the verification process.
The complete inheritance process shall be executed in accordance with the implementing law, through a consultation with an attorney. Furthermore, the beneficiaries are required to submit a valid death certificate of the original user.
To register your beneficiaries, the exchange provides a user-friendly interface. First, users must register or log in to their accounts. Second, head over to ‘My Page’ and select ‘Add Beneficiaries’. These beneficiaries will be recorded in the system of the Aladdin Exchange. In case of the user’s absence, the Aladdin Exchange team will be contacting the beneficiaries in turns.
Death is one of the reasons nowadays why there are so many crypto assets worth a fortune that is locked forever in space. For instance, Mircea Popescu, a Bitcoin OG billionaire and also known as “The Father of Bitcoin Toxicity” by some, suddenly died at the age of 41 without sharing his password and private keys with anyone. Hence, leaving his funds locked forever. This is a scenario that Aladdin Exchange seeks to solve with its first-of-its-kind new feature.
Meanwhile, Aladdin Exchange revolutionizes its platform to provide its users with the best user experience possible. Through this, users can expect more great features that the exchange will offer in the future. In addition, the exchange wishes all its users to have a great trading experience. Hence, users should practice due diligence to avoid losses that cannot be reverted.
Please stay tuned and follow our official channels for more information.
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Source: https://ambcrypto.com/aladdin-exchange-announces-launch-of-its-inheritance-feature/