India: Unocoin Exchange Launches Nominee Feature
Unocoin is one of the oldest cryptocurrency exchanges in India and is the second exchange in India to launch introduce 'Nominee Registration' feature.
This helps resolve an issue of family members not knowing of a user's cryptocurrency holdings especially incase of demise of the user or some other related issue.
Unocoin's approach is unique because in the event of death of the account holder, Unocoin will liquidate all cryptocurrency held by the account holder to INR at rates existing at that point in time and transfer that amount to the nominee's account.
In order for that to happen, account holder needs to add Nominee details by logging on to their account at http://unocoin.com. All settlement will be made in INR only in the event where the nominee has claim over the account holdings.
If you are using Unocoin don't forget to utilise this feature. It is an important feature that every major exchange in the world must consider in the year to come.
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Wow great,it is very important feature upgradation of this exchange ,where the nominee or any dear ones will be the owner of the assets after the absence of the founder.Really its a positive work of Unocoin.Thanks for updates.
Oh this an extremely awesome and welcome feature. Kudos to them.
Wow this is really awesome. This will increase people's trust in cryptocurrency more than before it used to be.
I think unocoin will be the first to do that.It has proved that they are the trusted cryptocurrency exchange, by providing nominee feature.
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How I wish this was the provision for Gerald William Cotten who died last month in India and 1000 Crore Crypto currency Vanished as he did not leave his crypto wallet passwords back