Latest update September 29th, 2020 5:21 PM
What To Do If Coinbase Transfer From Vault To Wallet Fails?
In case you are using Coinbase as your crypto trading platform, you must be familiar with Coinbase Vault. Have you faced any difficulty while transferring your funds from Coinbase vault to your wallet? At times, users find Coinbase transfer from vault to wallet not working. There’s nothing to worry about, given that Coinbase happens to be one of the most robust and secure platforms for trading digital currencies.
In this post, you will come to know about how Coinbase Vault works. We will also provide you with a detailed guideline on withdrawing funds from your vault to the wallet.
Coinbase Vault
Digital currencies are securely stored in the Coinbase vault. You should be knowing, that these platforms are backed by blockchains, and the mechanism is safe. The Coinbase vault is similar to a physical vault, where your digital assets remain stored in a cold storage. The users, therefore, enjoy a peace of mind. Their assets remain safe from hackers, buggers and thieves.
For instance, you can store, Bitcoin, Litecoin, Bitcoin Cash, Ethereum and other types of cryptocurrencies in this vault. While withdrawing the funds, you need several degrees of authentication, considering security purposes. Besides, the process takes around 48 hours, as Coinbase does not instantly transfer the funds. In the process, it does away with the process of immediate withdrawal.
What to do if the transfer process fails?
In general, it takes around 48 hours for the funds to reflect on your bank account or cards. In case you find that you haven’t reached the amount yet, simply call the customer care number. Upon successful processing of your withdraw request, Coinbase will confirm the same through an email. You might cancel the request and place it once again, in case you find the pending option after receiving the emails.
The Coinbase customer care desk remains open round the clock.
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