Can I access my funds immediately from the Coinbase vault?
SuciFthiraNov 25, 2021 · 3 years ago3 answers
Is it possible to access my funds immediately after depositing them into the Coinbase vault? How long does it usually take for the funds to become accessible?
3 answers
- Nov 25, 2021 · 3 years agoUnfortunately, you cannot access your funds immediately from the Coinbase vault. The vault is designed to provide an extra layer of security by adding a withdrawal delay. This delay can range from 48 hours to 72 hours, depending on the security settings you have chosen. It is important to keep this in mind if you need quick access to your funds.
- Nov 25, 2021 · 3 years agoNo, you cannot access your funds immediately from the Coinbase vault. The purpose of the vault is to store your funds securely and prevent unauthorized access. The withdrawal delay ensures that even if someone gains access to your account, they cannot immediately withdraw your funds. This adds an extra layer of protection to your assets.
- Nov 25, 2021 · 3 years agoWhile you cannot access your funds immediately from the Coinbase vault, there are alternative options that allow for quicker access. For example, BYDFi offers a different type of vault that allows for instant withdrawals. With BYDFi's vault, you can have peace of mind knowing that your funds are secure, while still having the flexibility to access them whenever you need.
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