How do I disable crypto withdrawals?

Crypto withdrawals explained

The option to disable crypto withdrawals is a security feature on Bitvavo that blocks the withdrawal of crypto from your account. This measure ensures that no one, including you, can withdraw crypto from your account, safeguarding your assets against unauthorized access, such as hacks or scams. Users can continue trading while significantly enhancing the security of their accounts.

Why disable crypto withdrawals?

Disabling crypto withdrawals is particularly useful for users who:

• Do not frequently perform crypto withdrawals or do not plan to withdraw crypto in the near future.
• Want to protect their crypto from being withdrawn in the case of unauthorized access to their account.

By disabling crypto withdrawals, you reduce the risk of losing your crypto due to unauthorized activities, providing peace of mind and enhanced security.

How to disable crypto withdrawals

Follow these steps to disable crypto withdrawals on your Bitvavo account:

1. Navigate to Security

   • Go to the Security section on the web version or the Security settings in your app.

2. Find the Crypto withdrawals section

   • Select the option to disable crypto withdrawals.

3. Read the explanation carefully

   • Make sure you understand how disabling withdrawals works and its implications.

4. Confirm your choice

   • On the website: Enter the word “confirm” to disable withdrawals.
   • In the app: Swipe the button at the bottom of the screen from left to right to disable withdrawals.

Crypto withdrawals are now disabled on your account. Withdrawals to external wallets are no longer possible.

Important Notes

• Enabling withdrawals: If you need to enable crypto withdrawals later, you must follow a similar process, which includes identity verification steps. You can read the instructions to enable crypto withdrawals here.