1. #1
    baseballstud
    baseballstud's Avatar Become A Pro!
    Join Date: 10-31-08
    Posts: 980
    Betpoints: 468

    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 ?

  2. #2
    Sam Odom
    Sam Odom's Avatar Become A Pro!
    Join Date: 10-30-05
    Posts: 58,063
    Betpoints: 37

    if you are like most gamblers

    stay away from the Vault




    .
    Last edited by Sam Odom; 09-27-17 at 08:31 PM.

  3. #3
    baseballstud
    baseballstud's Avatar Become A Pro!
    Join Date: 10-31-08
    Posts: 980
    Betpoints: 468

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

    so booty

  4. #4
    DroopyDog
    DroopyDog's Avatar Become A Pro!
    Join Date: 11-03-16
    Posts: 1,255
    Betpoints: 2078

    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

  5. #5
    baseballstud
    baseballstud's Avatar Become A Pro!
    Join Date: 10-31-08
    Posts: 980
    Betpoints: 468

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

Top