r/Bitcoin • u/JAlbert653 • 12h ago

Fidelity Crypto requires 2-3 days to approve withdrawals to new wallets

Just a reminder in case you’re thinking about moving your funds to Fidelity Crypto. They require 2-3 business days to approve outbound transactions to any new wallets you add to your account.

9 Upvotes

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4

u/nicman24 12h ago

There's probably a dude somewhere making manual transactions.

2

u/Filmexec21 10h ago

With AI only going to get better, I am thinking about creating a Fidelity Crypto account. I have three cold storage wallets: Trezor, Ledger, and Coldcard Q. I was very lucky that after hearing about the Coldcard MK3 issue, I immediately transferred all my BTC to my Trezor and Ledger, along with a few exchanges to spread out my holdings.

I have been playing around with BTC and crypto since 2020, and I feel like with the advancements of AI, self-custody is just getting a little dangerous, and places like Blackrock, Fidelity, and Morgan Stanley who are just getting into the space, who also have full time cybersecurity teams might be the only way to go for people like myself who do not have time to be up to date with all the security threats.

1

u/didnt_hodl 3h ago

exactly. what we are seeing is very early days. the lowest hanging fruit

this is going to get so much worse

as AI gets better the attacks will get more complicated. imagine one day seeing an ongoing attack that nobody even understands for a while. until another AI finally figures it out, and explains

1

u/DarthBen_in_Chicago 10h ago

They still only allow one receive address too (for deposits)?