# Challenges of Current Cryptocurrency Recovery Solutions Before diving deeper into the GenWealth solution, let’s better understand the already available solutions for cryptocurrency recovery and their limitations. Through customer research, we’ve gathered some of the most common options cryptocurrency users utilize to leave their crypto wealth to their families, but all these options present serious risks. There are third-party services you can use to keep your seed phrase and share it with your family whenever you pass away, but this requires you to trust intermediaries with your seed phrase. You expose yourself to third-party risks that are outside of your control, such as information breaches, weak processes, poor security of the seed phrase or your personal data, and greater attractiveness to attackers who might target providers holding many seed phrases. In practice, you are sharing unlimited access to your wealth with this third party, and no matter how small, there is a risk they could spend part or all of your crypto. A rogue employee could get access to clients' seed phrases and run away, or a provider could be compelled by a government to share your seed phrase. These services can also become quite expensive over time. Another option is to store your seed phrase in a specific physical location (for example, a vault) and share the location and access with your family. That is also risky. Sharing the location of your seed phrase is unsafe because trusted people might accidentally or intentionally share it with someone else. Trusted family members might face financial pressure and use the funds with the intent to pay them back later. There are many ways sharing full access to your wealth with another person could go wrong, these are just a few examples. On top of those issues, there is a real risk that, with time, your family might forget the details of how to access your seed phrase and might no longer be able to recover it when the time comes. This is especially likely if they are not crypto-savvy and unfamiliar with self-custody. Even if this flawed and risky method works while you are alive and your family has access to the seed phrase, there are further challenges after you’re gone. You still need to ensure they know how to set up a wallet, find an exchange compatible with the tokens you hold, create an exchange account if they don’t have one, sell the tokens on the exchange, and withdraw the money to a bank account. That’s a steep learning curve for heirs unfamiliar with crypto. The responsibility of teaching them everything falls on you, and you’ll likely need to go through this process multiple times until they feel comfortable. Simply leaving a paper or document with instructions is often insufficient unless they are extremely tech-savvy, and even if you taught them well, there’s no guarantee they’ll remember all this information when needed. Finally, another option is to give up self-custody and rely on an institution or individual to sell and deliver your crypto to your family when you pass away, removing the need to manage seed phrases. However, there have been reports of custodial employees losing crypto held on behalf of clients. Centralized custodians carry third-party risks from honest mistakes or malicious attacks, and the industry has a history of problems and scandals. Choosing this route means losing the benefits and empowerment of self-custody and accepting those risks. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://genwealth-3.gitbook.io/genwealth-whitepaper/introduction/challenges-of-current-cryptocurrency-recovery-solutions.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.