Securely Passing Bitcoin to Your Loved Ones with Peace of Mind
Basic Inheritance Overview for 3-Key Vaults
Casa’s Basic Inheritance provides an easy way to ensure your Bitcoin can be securely passed to a trusted individual in the event of your death or incapacitation. By sharing specific keys from your vault with your designated Recipient, you enable them to access and transfer funds after following a secure access process.
How it works:
•In a 3-Key Vault setup, you have three keys securing your Bitcoin: a Mobile Key, a Hardware Key, and Casa’s Recovery Key.
•Two keys are shared with your Recipient: the Mobile Key and the Casa Recovery Key upon successful claim period.
•Mobile Key: You share your Mobile Key with your Recipient via the Casa app, allowing them to import the key into their Casa account.
•Casa Recovery Key: This key is automatically shared with your Recipient, but it cannot be used to move funds until the access request process is complete.
Vault Security and Access:
•Your Recipient does not have immediate access to your Bitcoin or vault balances. Instead, they must go through Casa’s Request Access Process, which includes a six-month waiting period where you are notified and can reject the request if needed.
•Once the process is complete, the Recipient gains full access to your vault and can use the shared keys to transfer the Bitcoin to their chosen destination.
Health Checks:
•Both you and your Recipient must periodically perform health checks on the shared Mobile Key to ensure it remains accessible in the future.
•These checks are simple and can be done through the Casa app.
Flexibility:
•You can revoke the Recipient’s access to your vault at any time and assign a new Recipient if needed. The system ensures that your Bitcoin is securely managed and transferred according to your wishes.
This inheritance setup provides peace of mind, knowing that your assets will be securely passed on, without the Recipient gaining access until they meet the necessary security conditions. See this article for more FAQ's or send an email to help@team.casa for assistance in getting setup.