The provider of the popular crypto currency wallet Coinbase announced the addition of vaults for the long-term storage of Ethereum and Litecoin. This is stated in the company's blog.
Adding this option will give users additional layers of security when withdrawing funds, such as a 48-hour delay, mandatory confirmation by mail or phone, and the possibility of confirmation by several users.
A similar vault for bitcoin appeared on Coinbase in 2014. Now the holders Ethereum and Litecoin, in the same way as in the case of bitcoin, in addition to the standard account can open an account for long-term storage of coins.
Our goal was to help eliminate the false idea that Bitcoin owners had to choose between security or convenience when it came to storage. Coinbase vaults gave customers the best of both worlds by providing a standard account for easy access and a vault for long-term storage.