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Crypto Cash Out Plan (CAP)
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Hi loved one! With any luck you're sitting on a goldmine! It's a bit complex, but to extract I'm going to tell you:
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What crypto I own per category
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Where to go to find it
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What to do to extract it
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Here are four things that should help:
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Review the list of assets on the 'Crypto List' tab, and then start at the Step listed in column L to extract it
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Read about the different steps on the 'Step Descriptions' tab.
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You will need to follow the steps (in the diagram below) alphabetically through to the end in order to extract the funds in fiat currency
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If you're unsure about something, use the 'Flow Diagram' tab to help
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And don't forget to check the tax implications before you move it!
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CEX
Centralised Exchange
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DEX
Decentralised Exchange
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NOTES for Owner
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Preparing the Crypto Extraction file
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1
On the 'Crypto List' tab, start with your first asset and list every location where you have it and the associated wallet
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You may wish to include usernames, the type of 2FA and SMS verification in place
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Provide a Step for them to start at, based on the above diagram and the descriptions on the 'Step Descriptions' tab
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Modify cells D21 to D25 on the 'Step Descriptions' tab to reflect your preferred exchanges, stablecoins and fiat off-ramp
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Save the file and relax. They've got a better chance of finding something rather than nothing now…
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OTHER TIPS:
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PASSWORDS
Always keep your passwords and private keys separate to this file, as the combination of them will allow unlimited movement of your funds.
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22FAMake a back-up of your two factor authenticator (2FA) initiation codes to help recovery if your dedicated device or phone is lost or damaged beyond repair. One way to do this is to disable and then re-enable 2FA on your exchanges, wallets and other protocols. This will then reveal both a QR code and the long text string, the latter of which you should take note of.
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3GAS
Make sure there is always enough gas or gas equivalent funds in the locations you store your crypto to enable your relatives to move it out
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