Bitcoin vault vs wallet. Coinbase

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  • baseballstud
    SBR Wise Guy
    • 10-31-08
    • 980

    #1
    Bitcoin vault vs wallet. Coinbase
    So I got my first ever Bitcoin payout low 4 figures. The book sends it. I receive it. Get 6 confirmations and I'm golden.
    Coinbase asks me hey you want to create a vault it's more secure so put your Bitcoin in there.

    I go back now and see you can't sell the Bitcoin. For usd out of the. Vault. I have to transfer to my wallet and wait 48 hours to sell.

    Am I missing something? That seems crazy. How can they hold that hostage. What happens if value rises or drops and I want to sell. I know probably won't happen. But geez. Sucks being anwmateur.

    Any help ?
  • Sam Odom
    SBR Aristocracy
    • 10-30-05
    • 58063

    #2
    if you are like most gamblers

    stay away from the Vault




    .
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    • baseballstud
      SBR Wise Guy
      • 10-31-08
      • 980

      #3
      Yah I learned that the hard way. I mean it's only forty eight hours but man that's lame.

      so booty
      Comment
      • DroopyDog
        SBR MVP
        • 11-03-16
        • 1255

        #4
        its for extra precaution incase your wallet was compromised.. it requires double verification, and the 48 hour window is incase it was hacked you have ample time to be notified and to cancel it
        Comment
        • baseballstud
          SBR Wise Guy
          • 10-31-08
          • 980

          #5
          Yea I guess that makes sense. I was just salty. Appreciate it fellas
          Comment
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