Who can use this feature?
You must have one of the following roles to initiate changes to transfer approval policies within a portfolio: Authorized signatory, Administrator, Full Trader, or Initiator.
You can customize transfer approval policies for each Coinbase Prime portfolio under Settings > Security > Transfers. Expand the sections below to learn about transfer types and the conditions available for each type.
Vault withdrawals - movement of funds from your vault to other Prime entities/investment vehicles or external destinations
Trading balance withdrawals - movement of funds from your trading balance to other Prime entities/investment vehicles or external destinations
Vault internal transfer - movement of funds from your vault within the same Prime entity/investment vehicle. .
Trading balance internal transfer - movement of funds from your trading balance within the same Prime entity/investment vehicle.
You can customize the following conditions by transfer type:
Destination - Set destination-specific approval processes for internal transfers to a trading balance and/or vault. You can customize this condition for all transfer types except vault and trading balance withdrawals.
Transfer size - Set approval processes by transfer size. You can customize this condition for all transfer types. Multiple transfer size thresholds can be set for each transfer type. Each threshold will have unique conditions for general approvals, time requirements, and video approvals. You’ll choose from the following thresholds: $10K, $100K, $500K, $1M, $2.5M, $5M, $7.5M, $10M, $50M, $100M.
General approval requirements - Set the quantity of approvals required by transfer type. You can customize this condition for all transfer types.
Time requirements - Set the time frame approvers have to achieve consensus prior to the action expiring by transfer type. You can customize this condition for all transfer types. Choose between 24, 48, and 72 hours.
Video approvals - You can choose the quantity of video approvals required by transfer type. You can customize this condition for all transfer types except for trading balance withdrawals (fiat transfers).
From your Portfolio page, select Manage Funds, then choose the action you need:
Withdraw: Send cryptocurrency to an external blockchain address.
Transfer: Move funds between your Prime wallets or select the separate counterparty-transfer option.
After selecting Transfer and an asset, choose Transfer Internally to move funds between eligible wallets within the same Prime entity. Choose Transfer to Counterparty for a transfer to another Prime customer over Coinbase’s internal network.
Review the details and any required approvals before initiating the request. For cryptocurrency withdrawals, the preview displays the required approvals and a confirmation that the destination address and network are correct.
Submitting a request does not replace the approvals required by your portfolio’s policy. A withdrawal’s status screen shows any approvals still needed and links to the activity details.
For step-by-step instructions, see Withdrawing crypto assets or Transfer cryptocurrency between Prime wallets.
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