{"id":115306,"date":"2023-02-16T10:00:29","date_gmt":"2023-02-16T14:00:29","guid":{"rendered":"https:\/\/www.newswire.com\/news\/legacy-suite-provides-expanded-support-for-self-custodial-wallets-21957909"},"modified":"2023-02-16T10:00:29","modified_gmt":"2023-02-16T14:00:29","slug":"legacy-suite-provides-expanded-support-for-self-custodial-wallets-including-backup-and-inheritance-solutions","status":"publish","type":"post","link":"https:\/\/o52s5t8h2.nuvmedia.com\/crypto\/legacy-suite-provides-expanded-support-for-self-custodial-wallets-including-backup-and-inheritance-solutions\/","title":{"rendered":"Legacy Suite Provides Expanded Support for Self-Custodial Wallets, Including Backup and Inheritance Solutions"},"content":{"rendered":"\n\n The company urges crypto users to take sole possession of their wallet's private keys following a crypto billionaire's warning.<\/b>\n

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\"Legacy
Legacy Suite<\/b><\/small> <\/a>
Legacy Suite<\/small>

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\n NEW YORK, February 16, 2023 (Newswire.com)\n -\n <\/strong>Legacy Suite<\/a>, a leading provider of digital asset preservation services, is urging users to take ownership of their digital assets, announcing that its platform is equipped to facilitate self-custody and ensure estate planning is inclusive of both physical and digital assets, allowing the probate process to proceed in accordance with the owner's original intent.<\/p>\n

During a Binance-run Twitter Spaces on Dec. 14, 2022<\/a>, Binance CEO Changpeng 'CZ Zhao urged caution to users utilizing self-custody wallets, warning that in most cases, private keys are improperly secured. Although the billionaire CEO has advocated for self-custody for years, even stating that self-custody is a 'fundamental human right,' he remarked during the Twitter Spaces that, \"For most people, for 99% of people today, asking them to hold crypto on their own, they will end up losing it.\"<\/p>\n

\"I believe that digital assets are here to stay, but that we're still so early in the game that managing digital assets is still a cumbersome and complex process for the novice and average holders,\" said Gordon Bell, CEO of Legacy Suite. \"Our suite of estate planning solutions is purpose-built to help people navigate the complexities of digital assets and their integration into the traditional probate process.\"<\/p>\n

Self-custody refers to individuals holding and managing their own digital assets and cryptocurrencies without relying on a third-party custodian or intermediary. The process involves securing and controlling one's private keys or seed phrases, which are necessary to access and transfer digital assets. <\/p>\n

Self-custody is regarded as the best way to maintain control and privacy over one's assets and reduce the risk of theft or loss due to third-party custodians being hacked, going bankrupt, or engaging in fraudulent activities. However, self-custody also comes with the responsibility of managing one's own security and being aware of the risks involved.<\/p>\n

Legacy Suite's platform offers a full line of estate planning services:<\/p>\n