Tuesday, 11 January 2022 02:15 PM
Company Update
DUBAI, UAE / ACCESSWIRE / January 11, 2022 / In the past years, cryptocurrencies have become a modern form of financial investment as the crypto space witnessed significant growth. That said, these digital assets keep on catching the eyes of the general public-increasing the number of potential investors.
In that sense, fast-growing decentralized exchange Aladdin Exchange continues to develop cutting-edge solutions to keep up with its upsurging users. Moreover, one of these latest innovations addresses a rising concern in the industry-can crypto be inherited after death?
With the platform's new Inheritance feature, Aladdin Exchange now guarantees the management, succession, and control of cryptocurrencies after one's unfortunate demise. Launched in the first week of 2022, this much-awaited feature is the first of its kind.
Furthermore, inheriting cryptocurrencies is not as simple as the typical process when it comes to traditional assets like cash or properties. Fortunately, the Dubai-based exchange makes the method seamless and easy to use.
To start, users need to register/log in to their Aladdin Exchange accounts. They must complete the verification process up to Level 4 (KYC Verification). In order to use the Inheritance feature, they need to go to ‘My Page' and click ‘Designate Beneficiaries'. What's more, users can add up to three people as their inheritors. To complete the designation, users need to fill out their beneficiaries' names, phone numbers, and email addresses.
In case of the user's absence, Aladdin Exchange shall contact the registered beneficiaries in turns. In addition, the complete inheritance process shall be implemented in accordance with the implementing law, through a consultation with a legal attorney.
Last but not least, designated beneficiaries must present a valid death certificate to demand the inherited assets.
Consequently, Aladdin Exchange's pioneer feature only proves that crypto assets in the platform not only can be owned, gifted, and traded but can also be inherited. As cryptocurrencies are taking the world by storm, they should not be lost due to the incapacitation of the owner. To add, it is crucial to take precautions to prevent falling victim to the inaccessibility of assets during the time they are most needed.
Please stay tuned and follow our official channels for more information.
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Media Contact
Name - Ram R
E-mail - [email protected]
Company - Aladdin Exchange
Country - United Arab Emirates
Address - Business Bay, Dubai
The information provided in this release is not investment advice, financial advice or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor before investing or trading securities and cryptocurrency).
SOURCE: Aladdin Exchange