What does the vault do on Coinbase?

What is a vault? A vault can receive cryptocurrency like a normal wallet, but can also prevent stored crypto from being immediately withdrawn by adding optional security steps . Users can invite trusted individuals to co-sign withdrawals, which requires them to approve of a transaction before it can be completed.

For the most part, because the vault makes use of offline storage, it is generally considered safer than keeping your coins or tokens in a hot wallet attached to the internet, or on an exchange .

Coinbase carries crime insurance that protects a portion of digital assets held across our storage systems against losses from theft, including cybersecurity breaches.