Can you name beneficiaries to your cryptocurrency?

We’ve all scribbled a quick note outlining that we’d like to leave 50 quid to that distant second cousin once removed who lives on the Orkney Islands. Bequeathing your crypto empire to your loved ones, though, isn’t so simple.

Most cryptocurrency exchanges don’t allow you to name a contact or person who should be able to keep in contact with the crypto bank once you die. Coinbase, the largest trading platform, for example, won’t flag any unclaimed assets, and it’s up to the family to come forward.