Coinbase Vault

[Alley]

Looks like a new feature.  48hr window to cancel withdrawl of funds.  Would eliminate hacker theft on user end.  As long as you trust coinbase.  They say 97% of funds stored offline.  2 FA. 

[1714907765]

1714907765

[1714907765]

1714907765

[1714907765]

1714907765

[franky1]

Looks like a new feature.  48hr window to cancel withdrawl of funds.  Would eliminate hacker theft on user end.  As long as you trust coinbase.  They say 97% of funds stored offline.  2 FA. 

translation, 2 day delay in paying you.

kind of weird as that now makes getting bitcoins slower than bank transfers.

[rarkenin]

It's designed against account break-ins, it seems. They might dump a lot of the deposits into cold storage as well, due to the fact that they can reliably withdraw from cold storage, and reset the wallet/server to a clean offline state after that.

[Alley]

Yes takes 2 days to get your coins.  Designed for large deposits obviously.  Keep small amounts in your regular wallets.

[franky1]

would be so much easier if at registration you give them a withdrawal address that gets backed up offline. then they can check that the funds are going to go to the proper destination.. even if hackers try changing the online record, the offline record shows the true destination. and cancels if they dont match.

..simples..

you can even get the customer to sign a message using that locked in address to prove Identity

[marcotheminer]

Yes takes 2 days to get your coins.  Designed for large deposits obviously.  Keep small amounts in your regular wallets.

It only takes 2 days to get your coins because YOU put them in there for protection!

[montreal]

great feature that many coinbase customers will find very useful. it adds an additional layer/sense of security and comfort for storing btc on coinbase longterm (if you choose to do so). if you don't like the feature, don't use it...simple as that. no one is going to force you too.

kudos again to coinbase

[Alley]

Its already been well established that bitcoin old schoolers don't need these type of services to keep there coins safe.  For mainstream users this type of service can make them feel there coins are more secure.  

[haploid23]

This is a double-edged sword. You get more safety, but it takes longer to get your coins. Personally, I just depend on 2FA rather than this delay. I haven't used coinbase for ages anyways.

[justusranvier]

Yes takes 2 days to get your coins.  Designed for large deposits rehypothecation obviously.  Keep small amounts in your regular wallets.

FTFY

[jambola2]

I really wouldn't use Coinbase Vault.

I'd suggest using your own cold wallet , where you know the security of your coins instead of just being assured by a third party.
Managing a paper wallet is really easy and holding a brain wallet is even easier.