Make Bitcoin inheritance simple with our new beneficiary feature

News

November 14, 2024

Written by Xapo Bank

When it comes to planning for the future, ensuring your wealth is easily accessible to your loved ones is crucial.

Make Bitcoin inheritance simple with {{our new beneficiary feature}}

Share this article

When it comes to planning for the future, ensuring your wealth is easily accessible to your loved ones is crucial. Bitcoin inheritance can be complex, technical, lengthy, and, in many cases, expensive. But it doesn’t have to be that way. Our beneficiary feature gives you full control, so your wealth is secured for those who matter most, with no unnecessary hurdles.

With USD 6 trillion in crypto assets projected to be inherited by 2045, as part of an estimated USD 84 trillion wealth transfer, making sure your Bitcoin and wealth are passed on smoothly has never been more important. Have you taken the steps to protect your legacy and the ones you care about?

image

Planning for tomorrow, today

Preparing for the future isn’t just about growing your wealth—it’s about making sure the people who matter most benefit from what you’ve built. Setting up beneficiaries for your Bitcoin holdings is an important step in safeguarding your legacy, but many existing options make this process difficult.

Cold wallets and hardware wallet solutions often require your beneficiaries to have technical knowledge to access private keys, making inheritance risky and complicated. These methods also commonly come with expensive fees or potential delays.

“ Many HODLers believe their Bitcoin is a key part of their financial security, and part of a legacy that they want to protect and pass on to their loved ones. Protecting wealth isn’t just about keeping it safe now — it’s also about keeping it secure for future generations. That’s why we believe this feature enables our members to plan with ease.”
Joe Eppel
Joe Eppel
-

Product Owner of Customer Acquisition and Onboarding

Our approach is different. We’ve removed the complexities, enabling you to designate beneficiaries with ease. Whether you’re leaving your Bitcoin to family members, friends, or others, our streamlined process ensures that they’ll receive your assets seamlessly without having to jump through hoops.

image

How we make it simple

With just a few steps, you can easily set up one or multiple beneficiaries, assign specific percentages of your holdings, and adjust your preferences as needed.

By ensuring that members are able to easily choose a beneficiary and securely store this information within our platform, we increase the security of your funds and fraudulent claims against your account.

“ A lot of people overlook the challenges of wealth inheritance, especially when it comes to Bitcoin. Loved ones can be faced with significant obstacles—from locating lost hardware wallets and seed phrases to  navigating layers of red tape. Adding to the challenge, around 12% of Bitcoin’s supply is held by exchanges, meaning heirs may also need to navigate complicated exchange policies.”
Joe Eppel
Joe Eppel
-

Product Owner of Customer Acquisition and Onboarding

You won’t have to worry about keeping detailed instructions or sharing passwords with loved ones. Joe explains that Xapo Bank’s system ensures your beneficiaries can access what’s rightfully theirs without the risks or complications of traditional inheritance methods.

“ This isn’t something easily done with self-custody, and only a handful of service providers offer any form of beneficiary management for Bitcoin—often charging USD 1,000 or more just for that service. At this price, Xapo Bank offers a simplified process that ensures your loved ones receive their inheritance seamlessly, while still giving you access to unmatched security and bespoke growth opportunities.”
Joe Eppel
Joe Eppel
-

Product Owner of Customer Acquisition and Onboarding

Security built for the ages

While simplicity is key, security is paramount. Your Bitcoin is protected by a combination of advanced Multi-Party Computation (MPC) protocols and secure Swiss bunkers. This unmatched level of protection means your assets are both accessible and safe, with reduced risk of fraud or error.

For over ten years, we’ve been safeguarding Bitcoin with security at the heart of everything we do, so you can rest easy knowing that your wealth is in trusted hands.

A future that’s in your control

When it comes to planning your legacy, the process shouldn’t be difficult or stressful. By simplifying the steps needed to nominate beneficiaries, we make it easy for you to manage your wealth and protect the people you care about most. You have the flexibility to update or change beneficiaries at any time, ensuring that your plans evolve alongside your life.

Bitcoin inheritance doesn’t have to be complex or expensive. With our beneficiary feature, you gain peace of mind knowing your wealth will transition smoothly without the usual obstacles.

It’s time to make future planning simple, safe, and accessible. Set up your beneficiaries today and ensure your legacy is protected for generations to come.

Open the Xapo Bank app, tap profile and then tap beneficiaries. Click below to get started.

Disclaimer

Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you are unlikely to be protected if something goes wrong. Capital at risk. This information is not investment advice. Crypto asset values can go up as well as down and you could lose all the money you invest. You are not protected if it loses all or some of its value. Past performance is not indicative of future results. Bitcoin deposits are not covered by the Gibraltar Deposit Guarantee Scheme.

This article is for general information purposes only and is not intended to constitute legal or other professional advice or a recommendation of any kind whatsoever and should not be relied upon or treated as a substitute for specific advice relevant to particular circumstances. 

We make no warranties, representations or undertakings about any of the content of this article (including, without limitation, as to the quality, accuracy, completeness or fitness for any particular purpose of such content), or any content of any other material referred to or accessed by hyperlinks through this article. We make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up-to-date.

Share this article

tanding woman engaging with the Xapo Bank app on her mobile phone, overlaid with an orange hue.
Apply now
Join
Xapo Bank
Become a member
Ready to upgrade your finances?

The Xapo
Insider

Catch up on the latest crypto news, and get the inside scoop on our products and services.

Explore The Xapo Insider
Celebrating Bitcoin’s journey to {{USD 100,000}}
Article - Dec 05, 2024

Celebrating Bitcoin’s journey to USD 100,000

Read Article
Understanding Bitcoin dust attacks, {{and how to avoid them?}}
Article - Nov 20, 2024

Understanding Bitcoin dust attacks, and how to avoid them?

Read Article
{{Planning for tomorrow:}} how to nominate Bitcoin beneficiaries
News
Article - Nov 14, 2024

Planning for tomorrow: how to nominate Bitcoin beneficiaries

Read Article
How Xapo Bank {{is Enhancing}} Bitcoin Trading with FalconX
News
Article - Oct 07, 2024

How Xapo Bank is Enhancing Bitcoin Trading with FalconX

Read Article
Why Institutional-Level Bitcoin Pricing Matters for {{Your Trades}}
News
Article - Oct 07, 2024

Why Institutional-Level Bitcoin Pricing Matters for Your Trades

Read Article
Xapo Bank and Hilbert Group Launch Bitcoin Yield Hedge Fund with $175M {{Initial Investment}}
News
Article - Sep 18, 2024

Xapo Bank and Hilbert Group Launch Bitcoin Yield Hedge Fund with $175M Initial Investment

Read Article