

How to get the virtual currency heritage? Detailed analysis of the emergency contact functions of each platform
Jul 23, 2025 pm 11:28 PMPlanning and inheritance for your digital assets is not only a responsibility to your family, but also the ultimate protection of your own wealth. The “emergency contact” function of each platform is an excellent starting point, but it does not completely replace comprehensive legal planning and candid communication with your family. We strongly recommend that you act immediately, combine platform functions with detailed guides developed offline to build a solid line of defense for asset inheritance, and regularly review and update your plans.
1. Why must we plan the inheritance of digital assets in advance?
Unlike traditional assets such as real estate and stocks, digital assets such as virtual currencies are highly dependent on access credentials such as private keys and passwords. Once the owner dies without leaving any clues, these assets will be permanently lost in the online world because no one can access it, causing irreparable losses to the family. Therefore, actively setting up inheritance plans is the only effective response.
2. Comparison of emergency contact functions of mainstream platforms
In order to meet the inheritance needs of users, some leading trading platforms have launched "emergency contacts" or similar functions. It allows users to pre-appoint one or more contacts to initiate the asset handover process under certain conditions (such as long-term inactive accounts).
Binance Emergency Contact
Binance’s emergency contact function is designed to simplify the inheritance process of assets and is a very practical risk management tool.
1. How to set it up : Users can enter the "Account Security" center and find the "Emergency Contact" option. Here you can add the contact name, contact information, and set an "inactive time" trigger (the optional range is usually 90 days to 1 year).
2. Functional features : When your account reaches the preset inactive period, the system will not automatically transfer assets to the contact person. Instead, Binance will take the initiative to contact your designated emergency contact and guide them in the application process for asset inheritance. This provides an official communication channel for the heirs.
3. Notes : The emergency contact person needs to submit relevant identity certificates and legal documents (such as death certificates, inheritance relationship certificates, etc.) to verify his inheritance qualifications. This function is essentially a convenience for legal asset transfers, rather than bypassing legal procedures.
OKX Emergency Contact
OKX also provides powerful emergency contact function to help users deal with emergencies.
1. How to set it up : You can find the "Emergency Contact" function in the "Security Settings" of "Personal Center". The setup process is similar to Binance, and you need to fill in the trusted information of the contact person.
2. Functional features : When the trigger condition is met, OKX allows emergency contacts to apply for "take over the account". This does not mean that you can directly obtain transaction permissions, but that you can apply for a reset of your account security items (such as login password, secondary verification), or apply for freezing of your account if necessary to prevent the assets from being stolen before formal handover.
3. Notes : This is also an auxiliary function with safety as the core. The heirs will eventually need to complete the final transfer of ownership through official customer service channels and provide complete legal documents.
3. General solutions and other important tips
For on-chain assets that have not yet been offered this feature or are kept by individuals, you need to take a more traditional approach to planning.
1. Create a digital asset list : record in detail all virtual currencies types, quantities, storage platforms or addresses you own.
2. Properly keep access information : record the login information, mnemonic words, private keys and other keys of all platforms through encryption or physical means (such as handwritten on paper), and store it in an absolutely safe place, such as a safe.
3. Develop a clear handover guide : Prepare a simple and easy-to-understand operation guide for your designated heirs and tell them how to find and use this information. The most important thing is to communicate fully with your heirs so that they can know the existence and location of this "digital will".
The above is the detailed content of How to get the virtual currency heritage? Detailed analysis of the emergency contact functions of each platform. For more information, please follow other related articles on the PHP Chinese website!

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