Legacy Suite, a leading provider of digital asset preservation services, is offering innovative solutions to address the growing need for secure digital asset management in the cryptocurrency market. As more users move away from centralized exchanges following the collapse of FTX, Legacy Suite aims to provide users with peace of mind by ensuring the security of their assets.
According to Glassnode’s on-chain data analyzed by Cryptoslate, only 22% of Bitcoin’s total supply is moving and changing hands, indicating that the majority of Bitcoin has been moved off centralized exchanges and into non-custodial wallets. This highlights the importance of using the right tools to secure digital assets effectively.
While reputable centralized exchanges provide users with basic custodial hot wallets, these wallets involve the exchange holding the private key, making them less secure than self-custodial wallets. Legacy Suite’s digital asset preservation services offer a higher level of security. Through its innovative tool LegacyLifeline, users can pre-authorize asset transfers on their self-custodial wallets and execute smart contracts quickly. This feature helps prevent assets from being held or frozen on exchanges, providing users with additional peace of mind.
Additionally, Legacy Suite’s Wallet Monitoring feature enables users to stay informed about their crypto assets and make better decisions. The platform provides real-time monitoring of multiple cryptocurrency wallets, detecting suspicious activity and sending alerts on inbound and outbound transactions. This allows users to take immediate action to prevent potential losses.
In the event of a security breach or loss of private keys, Legacy Suite’s Emergency Wallet offers a secure and convenient solution. This feature allows users to back up their assets with a single click, ensuring their assets are safeguarded even in the face of unforeseen circumstances.
Legacy Suite is a complete end-to-end solution that provides digital estate planning support, allowing users to hold their own keys, set up directives, and assign executors. With Legacy Suite, users can have peace of mind knowing that their digital assets will be safely transferred to their next of kin.
For more information on Legacy Suite and how to secure digital assets, visit their website.