We've built a streamlined system to simplify passing on your Bitcoin. Secure your digital legacy by nominating beneficiaries to indicate your wishes, all without the technical risks of self-custody handovers.
A Plan for Your Bitcoin, a Promise to Your Family
Your Bitcoin is the foundation of your family's future wealth. Our beneficiaries feature is designed to pass it to the next generation, removing the technical risks of private keys and seed phrases. It provides a straightforward way to indicate your wishes and simplify the process for your loved ones.
Multi-generational wealth transfer
Custom Allocation
Specify your wishes for how your wealth is distributed by nominating multiple beneficiaries and setting custom percentages for each.
Encrypted Detail Management
Securely store beneficiary names, birth dates, and relationships in our encrypted environment.
Dynamic Adjustments
Update, add, or remove beneficiaries in seconds directly through your profile settings.
Risk Mitigation
Our transition process reduces the risk of fraud, technical errors, or lost access, ensuring a reliable transfer to the next generation.
Regulated Oversight
As a licensed bank and VASP, we provide the legal certainty and professional custody required to manage an inheritance process that other crypto platforms cannot offer.
Set up your legacy plan in four simple steps
01
Open your settings
Go to your profile settings in the Xapo Bank app and tap on the Beneficiaries section.
02
Add your loved ones
Enter your beneficiary’s details, including their full name, date of birth, and relationship to you.
03
Allocate your wealth
Choose your distribution by specifying the exact percentage of your holdings you wish each person to receive.
04
Confirm and secure
Save your preferences to receive an immediate confirmation that your legacy plan is active and protected.
FAQs
See all FAQs
The Beneficiaries feature is available to all verified Xapo Bank members with an active account, provided it's permitted in your country. Any person over the age of 18 who complies with our terms and services can be nominated as a beneficiary. While you can add beneficiaries from any country, we advise verifying compliance with local regulations.
To add a beneficiary, go to the 'Profile' section of the Xapo Bank app, tap on 'Beneficiaries,' and then 'Add New Beneficiary.' After entering their personal details, you'll be asked to assign a percentage allocation. This percentage represents the portion of your total assets (cash, stocks, cryptocurrencies) that will go to this beneficiary. Bitcoin will be paid out as Bitcoin, other crypto assets will be liquidated to USD, stocks will be transferred, and USD will be paid out as USD.
Your beneficiary information is protected with industry-standard security measures, including end-to-end encryption and secure data storage. Only you can view or edit this information using your PIN or Face ID. Additionally, Xapo Bank handles this data in compliance with applicable data protection laws.
Xapo Bank does not notify nominees of their nomination; it is your responsibility to inform them. In the event of your death, beneficiaries are responsible for contacting Xapo Bank. We may request proof, such as a death certificate and verification documents from the nominee before releasing assets, which will be disbursed only to the nominee(s) at the specified percentages.
When adding a new beneficiary, you must provide their full legal name, date of birth, and your relationship to them. You can also provide additional information such as an ID/passport number, email, phone number, and address to facilitate easier verification and claims in the future.
Yes, you can easily add, change allocations, or remove beneficiaries at any time through the Xapo Bank app. Go to the 'Beneficiaries' section, select the beneficiary, and adjust the percentage or tap 'Remove Beneficiary,' confirming with your PIN or Face ID. For security purposes, if you need to update a beneficiary's personal details (other than allocation), you must delete and re-add them.
Any new assets you acquire will be automatically included in your existing beneficiary allocations, based on the percentages you’ve previously set. You can review and update these allocations as needed through the app.
The Beneficiaries feature is available to all verified Xapo Bank members with an active account, provided it's permitted in your country. Any person over the age of 18 who complies with our terms and services can be nominated as a beneficiary. While you can add beneficiaries from any country, we advise verifying compliance with local regulations.
When adding a new beneficiary, you must provide their full legal name, date of birth, and your relationship to them. You can also provide additional information such as an ID/passport number, email, phone number, and address to facilitate easier verification and claims in the future.
To add a beneficiary, go to the 'Profile' section of the Xapo Bank app, tap on 'Beneficiaries,' and then 'Add New Beneficiary.' After entering their personal details, you'll be asked to assign a percentage allocation. This percentage represents the portion of your total assets (cash, stocks, cryptocurrencies) that will go to this beneficiary. Bitcoin will be paid out as Bitcoin, other crypto assets will be liquidated to USD, stocks will be transferred, and USD will be paid out as USD.
Yes, you can easily add, change allocations, or remove beneficiaries at any time through the Xapo Bank app. Go to the 'Beneficiaries' section, select the beneficiary, and adjust the percentage or tap 'Remove Beneficiary,' confirming with your PIN or Face ID. For security purposes, if you need to update a beneficiary's personal details (other than allocation), you must delete and re-add them.
Your beneficiary information is protected with industry-standard security measures, including end-to-end encryption and secure data storage. Only you can view or edit this information using your PIN or Face ID. Additionally, Xapo Bank handles this data in compliance with applicable data protection laws.
Any new assets you acquire will be automatically included in your existing beneficiary allocations, based on the percentages you’ve previously set. You can review and update these allocations as needed through the app.
Xapo Bank does not notify nominees of their nomination; it is your responsibility to inform them. In the event of your death, beneficiaries are responsible for contacting Xapo Bank. We may request proof, such as a death certificate and verification documents from the nominee before releasing assets, which will be disbursed only to the nominee(s) at the specified percentages.
