16/11/2022
After seeing multiple exchanges and similar services freezing withdrawal or shutting down, think smart!
Get yourself proper wallets and take your crypto off of exchanges if you are not currently trading with them.Bonus points for hardware wallets.
Also while doing this, consider what happens if something was to happen to you. Would you want your crypto to be inaccessible to your loved one's? Doubtful....
Two ways to make a plan for this.
1) using multi factor authentication. Give your loved one's half the access needed. Put the other half in your will, or a safe that will be accessible in the event of something bad happening to you.
2) Gmail has a function to send an email to a chosen recipient and give them access to your Gmail account if you don't log in for a certain period of time. I chose 6 months, but I will get a reminder a month before this happens. And tell your loved one's about this. I have included a list of my coins and where and how to find them.
If you are concerned about their technical ability, then leave contact details for a trusted friend that knows what to do. I have a mutual agreement with a friend in case this happens, I would help his family and he would help mine. And with all due respect, instruct everyone involved that this should be done supervised.
This goes both ways... I wouldn't want my friend to be blamed for taking my crypto, and I wouldn't want his family to blame me for taking his. So loved one's can go to him with their own laptop and my instructions, and sit together during the process
