Most U.S.-based accounts can designate beneficiaries for their vault, but some restrictions apply.
A transfer-on-death (TOD) beneficiary is an individual or entity you designate to receive your bitcoin when you're gone. For personal vaults, TOD beneficiaries are optional. For IRA accounts, setting a beneficiary during the initial application is mandatory. The beneficiary has no rights concerning the account during the owner's lifetime. For more information, visit our blog post on TOD beneficiaries.
Personal vault eligibility
- Only U.S.-based accounts can add beneficiaries.
- Accounts in U.S. territories or the state of Louisiana are not eligible to designate personal TOD beneficiaries.
Who can be a personal beneficiary?
- You can add your spouse, children, relatives, friends, charities, businesses, or trusts as beneficiaries.
- Each vault may have one primary beneficiary and one contingent beneficiary.
- Personal beneficiaries must be U.S.-based.
IRA account eligibility
- All IRA accounts are required to designate a beneficiary.
- IRA accounts are available for legal U.S. residents.
Who can be an IRA beneficiary?
- You can add your spouse, children, relatives, friends, charities, businesses, or trusts as beneficiaries.
- IRA accounts may have one primary beneficiary and multiple contingent beneficiaries.
Note: No contents of this post may be relied upon as tax, legal, or financial advice, as they have not been tailored to you and have not been reviewed by any attorney, financial advisor, or tax professional. For any questions related to your own specific situation, please consult with your own attorney, tax professional, and/or licensed financial advisor.