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How does Coinfloor provide quick 10XBT withdrawals without risking client bitcoins?

Coinfloor operates a 100% cold storage policy. All client bitcoins deposited, withdrawn or held in our system remain safe in underground vaults which maintain the same security standards as the Bank of England. Each withdrawal from the vault must be signed by multiple designated keyholders. It insures against a loss of client funds.

The 10 bitcoins you can withdraw in between cold storage withdrawals from the vaults are provided from Coinfloor-owned bitcoin fund, which means that 100% of customer-bitcoin remains safely stored underground. The only funds that are not secured in vaults are Coinfloor’s assets that are replenished during the following withdrawal from the vault. This way you can withdraw up to 10 XBT in advance.

Withdrawal requests that take you over 10.0000 XBT are queued for processing from the vault in the next batch. Coinfloor Advance Withdrawals can only be used for amounts of 10 XBT or less with a total limit of 10 XBT in between withdrawals from Coinfloor’s vaults.

 

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