Steemit Savings

From Steem Center
Revision as of 09:37, 15 September 2017 by Littleboy (talk | contribs) (Created page with "Steemit savings is a new feature offered by the steemit.com wallet that allows users to protect their liquid Steem and Steem dollars if their accounts are hacked or stolen. St...")

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Steemit savings is a new feature offered by the steemit.com wallet that allows users to protect their liquid Steem and Steem dollars if their accounts are hacked or stolen. Steemit users can instantly transfer their Steem or Steem dollars to their savings account by opening their steemit wallet.

But all transfers out of savings accounts have a 72 hour delay during which the sender can notice, recover the account or cancel the transfer, an ideal way to minimize damage in the event of a hack.