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Topic: How to transmit funds from an exchange to relatives (Read 506 times)

full member
Activity: 896
Merit: 115
if you still have control of the email you used to register for the binance account, you cant reach out to them through email and they will solve the issues for you. you wil be asked some questions which they will later resolve the issues once the correct answer is provided. there is no shortcut for your relative to recieve your funds, best is to give the poy and deed
full member
Activity: 1022
Merit: 133
Legally speaking (as far as I know) after your death, your legal heir will get everything that you own automatically even if you don't leave any will I guess. So as long as you have a legal heir, they will get everything, but only if they know what you own. So it will be very wise to inform them about your funds, accounts etc so that they can claim from them if something happens to you. I think even if government doesn't count crypto as currency, but still it can be seen as an asset that's bound to transfer to your heir or nominee.
hero member
Activity: 1834
Merit: 523
I think you should your access your account again by send to them an email of what problems you encountered right now. Giving again your informartion ans even your ID to them will help for sure for them to gives an access or any details that you need to withdraw your funds to the binance. I hope your problems will be okay and you will get your money to that exchanges.
member
Activity: 431
Merit: 11
I think you can send an email to the customer service suport of the exchange where you have funds but you forgot your 2fa code verification. They can help you disable your 2fa verfication in your exchange account so that you can sign it again. This is a common problem for a trader which always relies on phone verification, so it is better if you have back-up on other device next time.
sr. member
Activity: 994
Merit: 261
For now, it seems like this kind of problem is nothing to worry about, but as much as possible we really have to keep the account and don't lose it. Simply contact their service and tell the truth, usually, you will be asked to send your ID or passport as well as other data that confirms that it is really you
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
There is no back lane that can be used if without 2FA code, it's best you immediately contact the Binance support to help you
can access your Binance account again. But it is mandatory to have an email, if you cannot access your email it may also be
difficult for parties Binance believes that you are the owner of the account.


The importance of 2FA code is to protect your assets while using this exchange, both 2fa code and email information will be asked if you'll going to withdraw your funds, having a problem accessing this two would be crucial to the users though like many and you have said that binance support is the only way to recover those coins.

Contacting and seeking for help coming from the support assistance of binance is only way, there's no one who can guide you more accurately than the customer support of binance  exchange itself.,


Be aware to use any other channel than binance, especially those who are from telegram or other social media group that will chat you and tells you that they definitely help you.

Remember to guard yourself from those hackers and scammers.
legendary
Activity: 2268
Merit: 1655
To the Moon
Honestly when you die, your phone still lives... so why would anyone have any trouble withdrawing your money when you die? All they need is basically the username(mail) and password and phone so that you can get to 2fa.

So, you just need to give all these three to someone before you die (well not your phone but you are dead, so what are you going to do when someone takes it resurrect? Cheesy) so all in all it is not a problem at all if you ask me, it is literally as simple as 1 minute to get into someones account as long as you have access to everything you need. Hell give the email and password of that email as well if you want just to make sure and you can even secure it better. Give your passport or ID as well, almost all of these are stuff people can use to get into your account after you die, you do not have to do anything extra.

The problem will arise if the relatives do not know anything about cryptocurrency and cryptocurrency exchanges. Thus, you will need to explain to them what it is and why you are sending them data from your email, password and phone, and how they can use it.
full member
Activity: 840
Merit: 105
★Bitvest.io★ Play Plinko or Invest!
Is there any service i can use that will be something like a backdoor which i or my relatives can use if something goes wrong?
I guess the best way to do for that is to make a list of whom you'll trust your funds incase something happened to you that made you to not be able to access it.
Ofcourse this should be confirmed by the law. So ask for a lawyers help and do the process.

sr. member
Activity: 1876
Merit: 318
There is no back lane that can be used if without 2FA code, it's best you immediately contact the Binance support to help you
can access your Binance account again. But it is mandatory to have an email, if you cannot access your email it may also be
difficult for parties Binance believes that you are the owner of the account.
member
Activity: 785
Merit: 34
SOL.BIOKRIPT.COM
Hi to all the community.
Recently i've got a problem with my trading account on binance, got it 2FA verified and 2FA was on my mobile phone which i've lost. So i've lost an access to my exchange as well, because i didn't save a code to 2FA.
So i've started again and wondering if there's something can happen not only with my equipment, but me as well,  how can my relatives receive my funds without getting an access to my binance account, email, 2FA, etc. Is there any service i can use that will be something like a backdoor which i or my relatives can use if something goes wrong?

When it comes to 2af I bet you don't joke with it at all not in any case, because you will be very stranded going through stress in getting your account back. My best advice is to make use of alternatives I think we have Twilio Authy you probably can get it on  Google Play store: https://play.google.com/store/apps/details?id=com.authy.authy

Thank me later
member
Activity: 420
Merit: 12
Globe-dex.com
Hi to all the community.
Recently i've got a problem with my trading account on binance, got it 2FA verified and 2FA was on my mobile phone which i've lost. So i've lost an access to my exchange as well, because i didn't save a code to 2FA.
So i've started again and wondering if there's something can happen not only with my equipment, but me as well,  how can my relatives receive my funds without getting an access to my binance account, email, 2FA, etc. Is there any service i can use that will be something like a backdoor which i or my relatives can use if something goes wrong?

What's the point making the money if you don't want your family to gain from it in future. Probably this not a good step to take by not letting your family get access to your funds on the Exchange you really need to teach or show them. And secondly binance has even make online trading easier for you and I with all features put in.
full member
Activity: 1498
Merit: 146
~snip~
But here Op is asking about moving his funds to others because he can't access his own funds due to loss of 2FA which should be proceeded through the support team.
How could you transffer the fund of your account if you even didn't know how to login due to loss 2FA. This 2FA I have heard different cases of lossing on it you will hardly recover. Unless, if the exchange will allow you to use but this is rare scenario that exchange will allow you to withdraw your fund.

The best thing to do by the OP is to contact the support, having multi-accounts and if it is detected by the exchange staff or owner they will freeze your fund because I guess they think that you are an abuser.

Calling the support team is better are more convenient way.
While signing up for any 2fa they will provide a recovery code for the situation like these but if we lose that as well then it is going to be hard.But possible though via contacting the support team and since OP is talking about Binance exchange I hope they will assist the user to recover the access to his account by removing 2FA manually but for that user need to provide all the documents they were asking.
sr. member
Activity: 2366
Merit: 305
Duelbits - $100k Bonus/week
~snip~
But here Op is asking about moving his funds to others because he can't access his own funds due to loss of 2FA which should be proceeded through the support team.
How could you transffer the fund of your account if you even didn't know how to login due to loss 2FA. This 2FA I have heard different cases of lossing on it you will hardly recover. Unless, if the exchange will allow you to use but this is rare scenario that exchange will allow you to withdraw your fund.

The best thing to do by the OP is to contact the support, having multi-accounts and if it is detected by the exchange staff or owner they will freeze your fund because I guess they think that you are an abuser.

Calling the support team is better are more convenient way.
full member
Activity: 1498
Merit: 146
Honestly when you die, your phone still lives... so why would anyone have any trouble withdrawing your money when you die? All they need is basically the username(mail) and password and phone so that you can get to 2fa.

So, you just need to give all these three to someone before you die (well not your phone but you are dead, so what are you going to do when someone takes it resurrect? Cheesy) so all in all it is not a problem at all if you ask me, it is literally as simple as 1 minute to get into someones account as long as you have access to everything you need. Hell give the email and password of that email as well if you want just to make sure and you can even secure it better. Give your passport or ID as well, almost all of these are stuff people can use to get into your account after you die, you do not have to do anything extra.
But the issue is how someone can handover all the login details to someone to access their funds before they die because no one really knows when they are going to die, it may happens at any time to anyone.Giving them early can cause loss for you because once they have the details then they are free to access the wallets from anywhere.

But here Op is asking about moving his funds to others because he can't access his own funds due to loss of 2FA which should be proceeded through the support team.
legendary
Activity: 2338
Merit: 1124
Honestly when you die, your phone still lives... so why would anyone have any trouble withdrawing your money when you die? All they need is basically the username(mail) and password and phone so that you can get to 2fa.

So, you just need to give all these three to someone before you die (well not your phone but you are dead, so what are you going to do when someone takes it resurrect? Cheesy) so all in all it is not a problem at all if you ask me, it is literally as simple as 1 minute to get into someones account as long as you have access to everything you need. Hell give the email and password of that email as well if you want just to make sure and you can even secure it better. Give your passport or ID as well, almost all of these are stuff people can use to get into your account after you die, you do not have to do anything extra.
legendary
Activity: 2268
Merit: 1655
To the Moon
Well, yeah, but if i won't be able and noone from my relatives know about my funds and they don't have any idea what crypto is. Is any way for them to receive money?

Well, they should know about crypto then. At least know how to withdraw your funds and exchange it into fiat when they need it. There is no other way, trusting another person or institution to do it for you has more risks than benefits. You should educate them while you still can.

You have touched upon a very important topic of cryptocurrency inheritance. And we need to do everything possible now to ensure that the cryptocurrency can be inherited, which otherwise will remain unclaimed on the exchange. If your heirs do not know anything about cryptocurrency, you should draw up a detailed guide that includes instructions on how they can get Fiat to their account.
legendary
Activity: 2170
Merit: 1789
is it really possible to recover our 2fa ? i was also thinking the same what if i lose my phone  , id be fcked up then if that happen but thankfully there  are guides for these kind of problems  . 

If you check the link it's about how to recover your GitHub account if you ever lose your 2FA, so yeah it's possible but not really related to OP problem. Don't know why it was even mentioned. Basically, if you lost 2FA for a centralized services, then talking with them will help you, unless you want to manually recover data from your phone which will requires some knowledge a bit here and there.

Just in case somebody question the same thing.
sr. member
Activity: 1288
Merit: 305
yes






Binance support is the only way for OP to recover his fund, he just need
to provide every information
So it will be much easier for binance team to work with him and find the
suitable solutions for his concern.

I believe he must have been attended to by the Binance support team.
[/quote]
thank you, it worked!


Yes, he has confirmed it.
full member
Activity: 2408
Merit: 202
Hi to all the community.
Recently i've got a problem with my trading account on binance, got it 2FA verified and 2FA was on my mobile phone which i've lost. So i've lost an access to my exchange as well, because i didn't save a code to 2FA.
So i've started again and wondering if there's something can happen not only with my equipment, but me as well,  how can my relatives receive my funds without getting an access to my binance account, email, 2FA, etc. Is there any service i can use that will be something like a backdoor which i or my relatives can use if something goes wrong?
Your relatives are still some other third person so no one can access your account except you.Did you saved the 2FA recovery code anywhere while activating 2FA feature if yes then try to find it so simply write to binance support surely you can access your account back by following the steps given by the support.It may be a time taking process but surely you can trust binance's support they are far better than others.

If I'm not mistaken OP already dealing with this based from his replied here

A well detailed information about such incidents is provided by Binance, you should have asked them on their official telegram group or check FAQs on their website to verify.

https://www.binance.com/en/support/articles/115003585911

thank you, it worked!

Binance support is the only way for OP to recover his fund, he just need
to provide every information
So it will be much easier for binance team to work with him and find the
suitable solutions for his concern.
sr. member
Activity: 2436
Merit: 272
Hire Bitcointalk Camp. Manager @ r7promotions.com
Hi to all the community.
Recently i've got a problem with my trading account on binance, got it 2FA verified and 2FA was on my mobile phone which i've lost. So i've lost an access to my exchange as well, because i didn't save a code to 2FA.
So i've started again and wondering if there's something can happen not only with my equipment, but me as well,  how can my relatives receive my funds without getting an access to my binance account, email, 2FA, etc. Is there any service i can use that will be something like a backdoor which i or my relatives can use if something goes wrong?
Your relatives are still some other third person so no one can access your account except you.Did you saved the 2FA recovery code anywhere while activating 2FA feature if yes then try to find it so simply write to binance support surely you can access your account back by following the steps given by the support.It may be a time taking process but surely you can trust binance's support they are far better than others.
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