Cryptocurrency Q&A
What does 24-hour withdrawal lock mean?
What does 24-hour withdrawal lock mean?
Tommaso
Fri Nov 29 2024
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7
answers
1219
I recently encountered the term '24-hour withdrawal lock' and I'm not sure what it means. Could it be related to banking or financial transactions? I'd like to understand its definition and how it works.
7 answers
Eleonora
Sun Dec 01 2024
By implementing this lock, your account benefits from an extra layer of security.
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emma_lewis_pilot
Sun Dec 01 2024
It functions by temporarily disabling withdrawals to newly-whitelisted addresses.
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Silvia
Sun Dec 01 2024
Specifically, withdrawals to these addresses are halted for a period of 24 hours.
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DondaejiDelightfulCharm
Sun Dec 01 2024
The concept of 24-Hour Withdrawal Lock serves as an advanced security measure.
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Silvia
Sun Dec 01 2024
This period allows for additional verification and safety checks.
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