Risk management examples:
This happened to me recently, i have been locked out of my Gmail account with absolutely No way at all of ever getting "back in". A quick search online and you will see posts from thousands of people worldwide, though absolutely no fault of their own, locked out of Gmail with absolutely no way of ever getting back in, even with 2FA on account.
...
I am currently locked out of my Bitrex account because i need to click a link in my email to log into account, you have to do this if
...
I am shocked that this is not more well known in Crypto, but believe me, there are going to be more and more posts about people getting locked out of account with no access ever again to funds...
https://bitcointalksearch.org/topic/warning-do-not-use-gmail-for-exchange-email-5313971
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All you need is a Policy Number: https://keyco.io/
Topic: How to Secure Your Assets on Exchange in the Event of Your Death? How it Works: (Read 319 times)
March 22, 2021, 11:49:01 PM
March 20, 2021, 12:12:01 PM
I'm not really a technical guy but for me this is harder to understand as compared to just retrieving your wallet via the private key and your service is only limited to Binance. For me it would be easier to teach my kin on how to create and retrieve a wallet so that in case of my death they will know the way on how they will get my Bitcoin. Of course my private key and seed phrases can be stored in a safe place like a safety deposit box in which in case of my death the ownership of that safety deposit box will be handed down to my heir. In this way I can also teach the basics on how they can use Bitcoin wallets which I think is one of the fundamental things they should learn if they will be inheriting my Bitcoin.
March 19, 2021, 01:58:43 PM
We've made this service for those, who work with the exchange.
March 19, 2021, 04:47:52 AM
I strongly recommend users keep a minimum amount of crypto on any exchange (for the duration of trades only) given there is a strong likely hood the owners or hackers of exchanges will cause your exchange of choice to cease trading and you are left with nothing.
March 19, 2021, 02:45:41 AM
- we will notify our users on the forum, discord, twitter that they need to change the trust ip
People stop following crypto news. People stop using social media. People change mail. Just imagine the owner going through a very long illness... This can so easily end up with those funds lost ...
no seed phrase on the exchange 
Indeed, but the main rule use to be to not keep too big funds on exchanges, or any custodian service. Many things can go wrong. Not your keys not your coins.
The seed idea is for those who keep their funds on proper wallets.
Send me PM your BNB address (bsc network) and I'll send you the policy for the test.
Thank you for the kindness, but I'll pass. Keep it for somebody who will find it more useful, somebody who keeps his funds at exchange. Maybe somebody who trades a lot. (I did say that this is a niche service, didn't I?)
I don't need myself such a service (for multiple reasons), I've only tried to do some (hopefully constructive) criticism, my goal being a well thought and good working service.
For now the change of (your) IPs can be a problem. And although the proposed solution is .. weak, the actual problem is not that big (rather small chance for happening if multiple ISPs are used).
And yeah, there's also a trust issue: people have to trust you that you (or your employees) won't log their info and steal their funds later on.
March 18, 2021, 01:27:54 PM
- after testing, we will add backup servers at different hosting providers, trusted will be several different ip addresses
- we will notify our users on the forum, discord, twitter that they need to change the trust ip
- In the future we plan to implement a decentralized version of the platform
- we will notify our users on the forum, discord, twitter that they need to change the trust ip
- In the future we plan to implement a decentralized version of the platform
Imagine this scenario that Binance exchange continue to work without issues and person is having some funds there without passed kyc verification, and same person have your keyco policy.
Then one day this person dies, and Keyco business also shuts down and there are no more servers to keep anything.
What will happen in this situation and how will family of this this person get his coins?
KEYCO has been working for 3 years.
"In the future we plan to implement a decentralized version of the platform"
We will do our best to make the service work perfectly.
March 18, 2021, 11:03:08 AM
- after testing, we will add backup servers at different hosting providers, trusted will be several different ip addresses
- we will notify our users on the forum, discord, twitter that they need to change the trust ip
- In the future we plan to implement a decentralized version of the platform
- we will notify our users on the forum, discord, twitter that they need to change the trust ip
- In the future we plan to implement a decentralized version of the platform
Imagine this scenario that Binance exchange continue to work without issues and person is having some funds there without passed kyc verification, and same person have your keyco policy.
Then one day this person dies, and Keyco business also shuts down and there are no more servers to keep anything.
What will happen in this situation and how will family of this this person get his coins?
March 18, 2021, 07:12:17 AM
Before creating a policy, the owner of the Binance account in the whitelist enters the static IP address of the KeycoSafe server. We will make sure that this address never changes.
If the policy is stolen, the attacker will need to somehow change the recipient's address in the policy.
If the policy is stolen, the attacker will need to somehow change the recipient's address in the policy.
This sounds better and somewhat reassuring. I'm somewhat still not 100% convinced (but I can't say clearly why), but you seem to be going on the right direction.
I guess it's still too technical for many and people will prefer to pass on a seed - in a way or another - but your service can easily have its niche.
I agree this does look to be a more certain way to ensure nobody takes advantage of the owner's death but still, this relies on KeycoSafe servers to always have the same IP address and or the same device. But definitely too technical for majority of people, including me (which I can fix by reading a manual but not everyone will).
What happens if the company or the ISP is forced to make a change?
- after testing, we will add backup servers at different hosting providers, trusted will be several different ip addresses
- we will notify our users on the forum, discord, twitter that they need to change the trust ip
- In the future we plan to implement a decentralized version of the platform
March 18, 2021, 06:55:42 AM
Before creating a policy, the owner of the Binance account in the whitelist enters the static IP address of the KeycoSafe server. We will make sure that this address never changes.
If the policy is stolen, the attacker will need to somehow change the recipient's address in the policy.
If the policy is stolen, the attacker will need to somehow change the recipient's address in the policy.
This sounds better and somewhat reassuring. I'm somewhat still not 100% convinced (but I can't say clearly why), but you seem to be going on the right direction.
I guess it's still too technical for many and people will prefer to pass on a seed - in a way or another - but your service can easily have its niche.
I agree this does look to be a more certain way to ensure nobody takes advantage of the owner's death but still, this relies on KeycoSafe servers to always have the same IP address and or the same device. But definitely too technical for majority of people, including me (which I can fix by reading a manual but not everyone will).
What happens if the company or the ISP is forced to make a change?
March 18, 2021, 05:20:12 AM
You'll find it hard to make a crypto enthusiast entrust an exchange and another 3rd party for the inheritance. We are aware of scams and we are aware also that sons and daughters (siblings) can fight over what you left. If you don't want them to quarrel with each other, you would probably just let them learn cryptocurrency as early as possible and give them equally while I'm still alive.
That's why you can make two different policies and specify the amount you want to pass in each of the policies.
Send me your BNB address (bsc network) and I'll send you the policy for the test.
March 18, 2021, 05:13:10 AM
Before creating a policy, the owner of the Binance account in the whitelist enters the static IP address of the KeycoSafe server. We will make sure that this address never changes.
If the policy is stolen, the attacker will need to somehow change the recipient's address in the policy.
If the policy is stolen, the attacker will need to somehow change the recipient's address in the policy.
This sounds better and somewhat reassuring. I'm somewhat still not 100% convinced (but I can't say clearly why), but you seem to be going on the right direction.
I guess it's still too technical for many and people will prefer to pass on a seed - in a way or another - but your service can easily have its niche.
Send me PM your BNB address (bsc network) and I'll send you the policy for the test.
If you don’t have the Binance Chain extension installed in your browser, you can download the extension here:
https://addons.mozilla.org/en-US/firefox/addon/binance-chain/?src=search
https://chrome.google.com/webstore/detail/binance-chain-wallet/fhbohimaelbohpjbbldcngcnapndodjp
March 18, 2021, 05:04:39 AM
Before creating a policy, the owner of the Binance account in the whitelist enters the static IP address of the KeycoSafe server. We will make sure that this address never changes.
If the policy is stolen, the attacker will need to somehow change the recipient's address in the policy.
If the policy is stolen, the attacker will need to somehow change the recipient's address in the policy.
This sounds better and somewhat reassuring. I'm somewhat still not 100% convinced (but I can't say clearly why), but you seem to be going on the right direction.
I guess it's still too technical for many and people will prefer to pass on a seed - in a way or another - but your service can easily have its niche.
no seed phrase on the exchange
March 18, 2021, 04:37:27 AM
I still prefer the old way! Get your will done and mark your private key into a legally sealed envelope and get in registered in the local court. That means, the envelope will be opened in presence of an attorney and by the person who is legally inheriting it. That's safer!
I agree, why fix it if it ain't broke right? I mean by the time that you have a family and you might not be dealing with bitcoin or if you still are, it will be lessened hopefully to spend more time with the family. It's not just safer but also you can do a lot more things with it, like testing who really is the person that cares for you when you are older, there are Reddit stories about this inheritance things were the greedy will not be able to take anything. March 18, 2021, 02:18:34 AM
Before creating a policy, the owner of the Binance account in the whitelist enters the static IP address of the KeycoSafe server. We will make sure that this address never changes.
If the policy is stolen, the attacker will need to somehow change the recipient's address in the policy.
If the policy is stolen, the attacker will need to somehow change the recipient's address in the policy.
This sounds better and somewhat reassuring. I'm somewhat still not 100% convinced (but I can't say clearly why), but you seem to be going on the right direction.
I guess it's still too technical for many and people will prefer to pass on a seed - in a way or another - but your service can easily have its niche.
March 18, 2021, 12:04:27 AM
As to your new product, on my end, can I cancel a policy and replace it with another one? How? Also, what if the policy holder would try to withdraw the funds even if I am still alive, although offline for a few months?
Sure. Just delete the API KEY or address from Whitelist in your binance account.
"We plan to introduce policies with deferred use, for example, one year after creation or with an indication of the start date of the policy. Thus, the heir will not be able to use the policy until this date. Or you can use any other services for deferred messages, emails, SMS."
March 17, 2021, 11:48:11 PM
Personally, I'd rather risk writing down my complete login details on a piece of paper and keep it somewhere accessible only to me. The moment I'm gone, my family members would definitely go through all I've left and find out that I own certain amounts of crypto in various exchanges and other wallets.
google. com/search?q=binance+blocked+account
But they may have to go through with it:
Identity verification
Facial verification
Withdrawal Appeal
"For security purposes, the withdrawal function may be temporarily suspended for the following reasons:
The withdrawal function will be suspended for 24 hours after you have changed the password or disable the SMS/Google authentication after logged in.
The withdrawal function will be suspended for 48 hours after you have reset your SMS/Google authentication, unlock your account or change your account email.
If there are abnormal activities in your account, the withdrawal function will also be temporarily disabled. There will be an error message in the user center as follows: There is some abnormal activity with your withdrawals. Please click HERE to verify your identity in order to resume your account withdrawal function."
https://www.binance.com/en/support/articles/360002673851-How-to-Unlock-an-Account
https://www.binance.com/en/support/articles/360038583951-How-to-Resume-the-Withdrawal-Function
March 17, 2021, 11:45:29 PM
I admire your persistence. You've been in crypto space for years. I don't know how much you've achieved-- probably not much-- but you're still here developing new products.
Thank you sir. We love what we do!
Send me PM your BNB address (bsc network) and I'll send you the policy for the test.
If you don’t have the Binance Chain extension installed in your browser, you can download the extension here:
https://addons.mozilla.org/en-US/firefox/addon/binance-chain/?src=search
https://chrome.google.com/webstore/detail/binance-chain-wallet/fhbohimaelbohpjbbldcngcnapndodjp
March 17, 2021, 09:50:59 PM
Why should I make things complex where there are easy solutions? For me, I write a notebook where I am marinating all of my crypto wallets and exchange account credentials. So the event of my death my family members will be able to recover the left funds. I wrote everything including wallet seed, second password, and 2FA. So there shouldn't be an issue during the recovery of the funds. Besides that, I have mentioned a trusted person's name and mobile number on my notebook who is familiar with crypto and could help to recover the funds.
I don't think we have to use any third-party service for the next generation in case of my death. I don't see any issue maintain a notebook like this.
I don't think we have to use any third-party service for the next generation in case of my death. I don't see any issue maintain a notebook like this.
March 17, 2021, 09:38:11 PM
You'll find it hard to make a crypto enthusiast entrust an exchange and another 3rd party for the inheritance. We are aware of scams and we are aware also that sons and daughters (siblings) can fight over what you left. If you don't want them to quarrel with each other, you would probably just let them learn cryptocurrency as early as possible and give them equally while I'm still alive.
March 17, 2021, 09:24:07 PM
I admire your persistence. You've been in crypto space for years. I don't know how much you've achieved-- probably not much-- but you're still here developing new products.
Personally, I'd rather risk writing down my complete login details on a piece of paper and keep it somewhere accessible only to me. The moment I'm gone, my family members would definitely go through all I've left and find out that I own certain amounts of crypto in various exchanges and other wallets.
As to your new product, on my end, can I cancel a policy and replace it with another one? How? Also, what if the policy holder would try to withdraw the funds even if I am still alive, although offline for a few months?
Personally, I'd rather risk writing down my complete login details on a piece of paper and keep it somewhere accessible only to me. The moment I'm gone, my family members would definitely go through all I've left and find out that I own certain amounts of crypto in various exchanges and other wallets.
As to your new product, on my end, can I cancel a policy and replace it with another one? How? Also, what if the policy holder would try to withdraw the funds even if I am still alive, although offline for a few months?
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