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You can read our Coinbase review for more information. With a crypto vault, the custodian removes the bulk of your tokens from a hot wallet connected to the internet and instead stores them offline. Because it takes multiple days to withdraw, Coinbase Vault is not practical for someone who wants to use it for daily transactions or to trade cryptocurrency. It adheres to KYC Know Your Customer standards, which are a set of rigid regulations in the investment and financial services industries relating to customer verification.
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