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Download APKAs cryptocurrency becomes an increasingly significant part of personal wealth, planning for what happens to your digital assets in case of an emergency is more important than ever. Binance, the world's largest crypto exchange, offers a Legacy Plan feature that lets you designate beneficiaries to inherit your crypto assets. This guide walks you through exactly how to set up the Binance Inheritance Plan.
The Binance Legacy Plan is an estate planning feature that allows account holders to designate one or more beneficiaries who can claim their crypto assets in the event of death or prolonged incapacitation. Unlike traditional bank accounts, cryptocurrency has no physical presence and no default inheritance process — if you don't plan ahead, your assets could be lost forever.
The plan allows you to:
Traditional assets like bank accounts and real estate have well-established legal frameworks for inheritance. Cryptocurrency does not. Here's why planning ahead is critical:
If you pass away without leaving access information, your beneficiaries cannot simply call customer support and recover the funds — especially for self-custody wallets. Even with exchange accounts, proving identity of a deceased account holder is a complex legal process.
Crypto portfolios can be worth substantial sums. Failing to plan means risking the permanent loss of assets that could support your family for years.
Many countries are developing clearer regulations around digital asset inheritance. Acting now while you're healthy and informed puts you in the best position for your loved ones.
| Requirement | Details | Status |
|---|---|---|
| Advanced KYC | Full identity verification with government ID | Mandatory |
| Account in Good Standing | No restrictions or freezes on the account | Mandatory |
| Beneficiary Information | Full name, date of birth, contact info, ID details | Mandatory |
| Relationship Proof | Documents showing connection to account holder | Recommended |
| Legal Will (Optional) | Notarized will mentioning crypto assets | Recommended |
| Feature Availability | Confirm this feature is available in your region | Mandatory |
Open the Binance app (download the latest version below) or go to binance.com. Sign in with your registered email or phone number, password, and two-factor authentication (2FA) code.
Tap your profile icon (top right on web, bottom right on mobile app). Select "Account" from the dropdown menu, then navigate to the "Security" section.
In the Security settings page, scroll down to find "Digital Legacy" or "Legacy Plan." If you can't find it, try searching for "legacy" in the search bar or look under Advanced Account Features. Note: this feature may not be available in all regions.
Binance will present an overview of the Legacy Plan including how it works, what triggers inheritance, and the verification requirements for beneficiaries. Read through carefully, then check the agreement box and click "Get Started."
Enter detailed information for each beneficiary:
Click "Add Beneficiary" to include additional people. Make sure all percentages add up to exactly 100%.
Choose what event will activate the inheritance process:
Uploading documents now speeds up the process when beneficiaries eventually need to claim. Consider including:
Complete the security verification: enter your account password, confirm via email verification code, and input your 2FA code. Once all checks pass, your Legacy Plan is officially active. You'll receive a confirmation email — save it for your records.
Life changes, and your inheritance plan should reflect that. Here's how to keep it up to date:
Path: Account → Security → Legacy Plan → Edit. Any changes require security re-verification.
You can add new beneficiaries or remove existing ones at any time. When removing someone, you'll be prompted to reassign their percentage to other beneficiaries.
Adjust the inheritance percentage for each beneficiary from the plan management page. All changes are version-tracked.
You can permanently cancel the plan from the settings page. This is irreversible — all beneficiary data will be deleted.
Your Binance Legacy Plan works best when paired with a traditional will that explicitly mentions your cryptocurrency assets. Consult an estate attorney who understands digital assets.
Make sure your beneficiaries know: (1) they are designated, (2) roughly what assets are involved, and (3) how to contact Binance support when the time comes. You don't need to share passwords — just the overall framework.
Cryptocurrency inheritance may be subject to estate taxes or capital gains taxes depending on your jurisdiction. Consult a tax professional to understand the potential liabilities your beneficiaries may face.
Don't leave your digital assets to chance. Download the Binance app and set up your Legacy Plan today. Use referral code BNAPP when registering to enjoy trading fee discounts.
It takes less than 30 minutes to protect your family's financial future. Download Binance, use referral code BNAPP, and set up your Legacy Plan today.
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