Steemit Savings

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Steemit savings is a new feature offered by the 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. This feature was introduced to Steem in the 0.14.0 hard fork.