How to Secure Your Assets on Exchange in the Event of Your Death? How it Works:

[slaman29]

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.

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?

[keyco]

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.

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

[dkbit98]

- 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

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]

- 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

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.

[NeuroticFish]

- 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.

[Timelord2067]

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.

[keyco]

We've made this service for those, who work with the exchange.

[Theb]

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.

[keyco]

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://bitcointalk.org/index.php?topic=5313971.0
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