What is crypto whitelist?

Finally, in the blockchain and cryptocurrency environment, whitelists are either related to Initial Coin Offering (ICO) events, or to withdrawal addresses . In the first case, cryptocurrency projects may offer a whitelisting phase for investors that are willing to participate in the public sale of their tokens.

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Whitelisting is a security feature in the Address Book that allows crypto withdrawals to only go to addresses (external or Coinbase) already designated in your Address Book . Requiring 2-factor authentication to enable/disable the feature, Whitelisting allows users to more safely withdraw to verified addresses.

A whitelist (or, less commonly, a passlist or allowlist) is a mechanism which explicitly allows some identified entities to access a particular privilege, service, mobility, or recognition i.e. it is a list of things allowed when everything is denied by default.