common-close-0
BYDFi
Trade wherever you are!

Is there a way to block Stash from withdrawing money from my cryptocurrency holdings?

avatarLyons KlavsenDec 15, 2021 · 3 years ago3 answers

I recently noticed that Stash has the ability to withdraw money from my cryptocurrency holdings. Is there any way to block Stash from doing this without completely closing my account?

Is there a way to block Stash from withdrawing money from my cryptocurrency holdings?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Yes, there are several ways to block Stash from withdrawing money from your cryptocurrency holdings. One option is to enable two-factor authentication (2FA) on your Stash account. This adds an extra layer of security and requires a verification code in addition to your password when making withdrawals. Another option is to set withdrawal limits on your account. By setting a limit, you can prevent large withdrawals without your authorization. Additionally, you can regularly monitor your account activity and report any suspicious transactions to Stash's customer support for further investigation.
  • avatarDec 15, 2021 · 3 years ago
    Absolutely! To block Stash from accessing your cryptocurrency holdings, you can consider using a hardware wallet. Hardware wallets are physical devices that store your private keys offline, making it nearly impossible for hackers or unauthorized parties to access your funds. By keeping your cryptocurrencies in a hardware wallet, you have full control over your holdings and can prevent Stash or any other platform from making unauthorized withdrawals.
  • avatarDec 15, 2021 · 3 years ago
    Yes, there is a way to block Stash from withdrawing money from your cryptocurrency holdings. One effective method is to transfer your cryptocurrencies to a different wallet or exchange that offers more secure withdrawal options. By choosing a platform with advanced security measures and a strong track record of protecting user funds, you can minimize the risk of unauthorized withdrawals. Remember to do thorough research and read reviews before selecting a new platform to ensure the safety of your assets.