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Topic: How to transmit funds from an exchange to relatives - page 2. (Read 543 times)

legendary
Activity: 1848
Merit: 1982
Fully Regulated Crypto Casino
I think that there is nothing that can be done in case of losing the 2FA protection code except to contact Binance support, this process requires verification of some of your information and in case they make sure of your words they will disable the 2FA protection and you can enter your account. You had to write this code on a sheet and keep it, also there is an export feature in the Google app where you can export your keys to another phone as a backup.
As for access to your funds (in case something happens to you) by your family, the best solution is to backup your keys and passwords and put it on usb or paper and give it your wife or one of your children and it can be used if something happens to you.
sr. member
Activity: 1610
Merit: 264
I am not sure if Binance does the same but my experience to some small exchange was that they can't help me with it since my phone's LCD got burned that I can't even see the whole screen,  and it's dead pixel all over.
However I believe that's a support issue for an exchange, and I believe that Binance can still help you with that.

What sort of "backdoor" are you talking about? Try to get in touch with Binance first so that there would somehow an assurance if they can still help you get access to your account back again, because pretty much it is a loss no matter how we look at it unless you try what I said.
And no, don't even think of loaning just to regain your lost fund.
full member
Activity: 1638
Merit: 122
I hope this could help to recover your account not using 2FA code.
https://docs.github.com/en/github/authenticating-to-github/recovering-your-account-if-you-lose-your-2fa-credentials

I'd never try this one because I didn't encounter a problem like this. I was so careful in regards to codes, private keys, and anything related to my account credentials. I duplicated it and to be sure that I don't lose any of them. May this thing will give you a lesson to learn and that to know how important the codes it is.

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 this does not work his last resort is contacting the site his using  and see if they can do something with it . this was also my reason why i didnt put 2fa on the accounts or sites that arent that important but when it comes to trades and money talks , 2fa isnt the thing that can be disregarded
hero member
Activity: 2828
Merit: 518
I hope this could help to recover your account not using 2FA code.
https://docs.github.com/en/github/authenticating-to-github/recovering-your-account-if-you-lose-your-2fa-credentials

I'd never try this one because I didn't encounter a problem like this. I was so careful in regards to codes, private keys, and anything related to my account credentials. I duplicated it and to be sure that I don't lose any of them. May this thing will give you a lesson to learn and that to know how important the codes it is.
hero member
Activity: 1666
Merit: 629
There is no legal or illegal method that you can use to solve the problem you mentioned. I strongly recommend you to solve this problem by sending an e-mail to Binance and not using anyone as an intermediary. Also, I do not want to remind you not to give your account information to anyone who claims to be able to fix the problem. Remember that in such cases, malicious people may want to appear to help you and take over your account. For this reason, I recommend you to contact Binance officials and find a solution to your problem.
legendary
Activity: 2338
Merit: 1084
zknodes.org
all you can do right now is report to the binance support team to resolve the problem of losing your cellphone and not keep a 2FA backup key. You can submit a request to immediately block and reset Google Authenticator.
Make sure you have access to the e-mail that is registered to your binance account as well as to reset.

more details, you directly contact the support center:
https://www.binance.com/en/support-center
full member
Activity: 1190
Merit: 117
You are so careless not making backups of 2FA authentication, so when something bad happens. Not confused like this, the only way
ask for Binance help. Later you only need to prove that the account really belongs to you, if Binance is sure you really are the owner
of the account. Then soon Binance will restore your account so that it can be accessed again. Don't forget to make a backup next time.
full member
Activity: 1498
Merit: 129
You can get the 2FA deactivated by simply open a ticket and provide reasons why you want to deactivate it. It is going to be less rigorous if you already verify your account and as well as you have access to the mail. To your second question, I'm very sure this has been answered a lot of time in the forum. You can provide detail to your wallet on your will. However, it is not advisable to always put all your coin on exchange
legendary
Activity: 2996
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
Well, the easiest way would be to have all the information on a piece of paper that you give your lawyer with the will that would be read after you die? Your own "will" that you leave will give your house to someone, your stuff to someone, your money to someone and that will give your crypto to someone as well.

From 2fa to everything else, when you die, your loved ones can take a look at a piece of paper that explains how they could cash that out, if they are interested in crypto they would know what to do but if they are not you will leave them something that would help them cash that out to fiat currency which they could later use. I have already got one ready, my wife got pissed because I was thinking about death but it is life and a car could hit me at any time, I do not have to die from old age only, it could be something else who knows.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
If you lose your 2FA then binance have a procedure where it asks you for your backup code from where you can reset the 2FA and if you don't have that as well then you have to go undergo the KYC process where identifies your identity and then gives you the access to your account.

In case something happens to the owner of the account then there is nothing their relatives can do unless they have the access to your account.
This is why you should ensure that you have kept the backup code in a safe place and have informed about it to your relatives so that they can access your funds in case of a misfortune.
member
Activity: 854
Merit: 12
arcs-chain.com
I have wondered about this myself, I don't think it will be easy or even possible for relatives to gain access to exchange accounts, especially if these are not kyc verified... and besides, who will know about your assets and their location?... only way I've found is to instruct one person about all the stuff and share a copy of the access keys...
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
Emailing Binance is the only and the best solution. They have quite good service and they do take care of their customers a lot. Don't worry too much. Unless you lose your private key to access your wallet, nothing needs to worry so much. Third-party platforms usually centralize your coins and take responsibility for you in many cases. That is why Binance, Coinbaes, etc are trusted over the last few years

If you want your relatives to access your wallet and exchange, you need to make them understand bitcoin and others stuff related to it. Then, you can make a copy of your 2fa code and give it to them.
member
Activity: 396
Merit: 21
I think the answer is easy: Write your will. If something unfortunately happens, your assets on Binance should have no problem being transferred to relatives.

But of course as said before just contact Binance it's obvious...
full member
Activity: 1484
Merit: 136
★Bitvest.io★ Play Plinko or Invest!
About the problem with the binance by recovering your account you should make a PM to them because they have good customer service but still if you don't want and you know have a new account it depends on you.

There is another way if you don't want that your relatives can have access on your account and do you want to them the money, use platform that support the use of the cryptocurrency and fiat currency and by that, you can easily convert your funds without hassle because its more convenient to you but I think you are the one who still manages that because what if they don't have enough knowledge with the use of that.

hero member
Activity: 2870
Merit: 594
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.
As others have said, contact Binance support.

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?
There no such thing as backdoor, everything is crypto should be well taken care of. Your passwords, keys, it should be back up so that when worst comes to worst, you have a fall back plan and you can recover everything.
legendary
Activity: 2492
Merit: 1232
Sending your coins to relatives is already easy.
You mean sending it by myself? 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?
Probably he/she meant to say is make another account that the identity was under by any of your relatives then, withdraw.

But for me, I won't suggest this if I can provide KYC. Sending to your own bank account and then transfer to the account of your relative might a good idea.
If you will directly send to your relative accounts, it might look suspicious to the exchange and probably they think that your account has been compromised. But first, try to ask their support regarding this matter, sometimes honesty will benefit us in the end.
sr. member
Activity: 2828
Merit: 344
win lambo...
I understand that no one from your relatives knows about crypto but it was not a hindrance to making a transfer. All you need is to educate them and provide information or account details needed to log in. It won't takes so long as long as they want to listen and learn about it but if not, you don't have any choice but to let others will do the job.  

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?

But I don't recommend third-party services because the risk is high and I'm afraid you could lose everything you have. Better to choose your closest friend that you have trusted for a long time and could really be trusted.
sr. member
Activity: 1764
Merit: 260
Binance #SWGT and CERTIK Audited
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.

You can contact Binance and they will assist you afterwards.
You have your account back if you passed the authentication.
That's a problem on 2FA authentication, if you lost your phone, it can't be access. So you need to ask for help from binance.

Quote
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?

You can tell on your security keys, passwords, seeds etc.  to anyone you trust a lot.
Family or relatives  are my recommendation.
Anyone is valid as long as you trust them, like your bestfriend your partner.
Consult an attorney to legalized your chosen people to own your things.
hero member
Activity: 994
Merit: 593
aka JAGEND.
You mean sending it by myself? 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?
An ambiguous sentence (bold sentences). here's what i want to ask :
- If your relatives have no idea about crypto, how will you send money to them?

But i have suggestions (based on scenarios that your relatives have no idea about crypto).
- Change your crypto to your local currency
- Withdraw it from exchange.
- After withdrawal funds received in your bank account, transfer it to your relatives.
Those suggestions sounds familiar right?

legendary
Activity: 2170
Merit: 1789
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.
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