Hacker News new | ask | show | jobs
by djbebs 1326 days ago
How long should it take to get funds from a cold wallet to a hot wallet?

Hint: if it's more than 1 block (~10mins) you're either incompetent or fraudulent

2 comments

Moving from cold to hot wallets in an environment with regulatory requirements, redundancy, multiple partial keyholders, and offsite storage could easily take days to weeks and require scheduling access to the physical vault holding the cold storage. You're conflating hot and warm storage - warm can replenish hot but cold requires physical access to somewhere ideally unrelated to where day-to-day operations run.
Xapo, one of the biggest cold wallet firms in the world, has a security feature that you can request where their people fly on a private jet to meet you personally and confirm face to face that you indeed are the one making the request to move funds from their cold wallet.