How to Enable Hodlnaut’s Withdrawal Whitelist Feature?
Hodlnaut’s Withdrawal Whitelist (Address Whitelisting) feature is an additional security feature besides the two-factor authentication (2FA). It ensures that the crypto assets in your Hodlnaut account are only sent to known and verified withdrawal addresses. In essence, with this feature, you can restrict crypto withdrawals to a list of known addresses only.
After enabling whitelisting from your account settings (steps mentioned below), you will be prompted to create a list of known addresses. Before we take a look at the steps, here is what you need to know about this feature:
- Once you enable Withdrawal Whitelist, you will not be able to withdraw funds until the address is added to your withdrawal list.
- You will have to wait for 48 hours before we approve the whitelist to go ahead with your withdrawal.
Note: We recommend that you add the known addresses to your whitelist right away so that you can seamlessly withdraw funds.
Why Enable Withdrawal Whitelist?
The Withdrawal Whitelisting feature is an additional security step that protects your crypto assets. For instance, if a hacker somehow gets a hold of your password and 2FA, he/she will not be able to withdraw your funds to their address without waiting for 48 hours. In the meantime, you will realize that your account is hacked, and you can thus contact us to take further action (like freezing your account).
We highly recommend enabling withdrawal whitelisting for utmost security, and here is how you can do it.
How to Enable Withdrawal Whitelist Feature?
Step 1: Log into your Hodlnaut account and navigate to your name on the top right.
Log into your Hodlnaut account, and on the top right, click on your name to view the drop-down list as shown below.
Step 2: Click on User Settings
Scroll down and navigate to the Withdrawal Whitelist feature.
Step 3: Enable Withdrawal Whitelist
Next up, enable the withdrawal whitelist feature, and you will see a prompt as shown below. Enter the 6-digit code, which will be sent to your Google Authenticator, and submit the code to enable the feature.
Step 4: Submit the 6-digit code via Google Authenticator
After submitting the code, you can add the addresses to the whitelist.
Step 5: Head over to the "Deposit / Withdrawal" tab and scroll down to the Withdrawal section
Navigate to the withdrawal section to populate the list of saved addresses.
Step 6: Click on "Show Saved Addresses" and a list will appear
Click on "Show Saved Addresses" and you can view a table where you can add the addresses you wish to whitelist.
Step 7: Click on the "+" button and you can start adding your addresses to be whitelisted
Click the "+" button and you can add the addresses you would like to whitelist for your account.
And you are done! You will receive an email confirmation once an address is verified and whitelisted (typically within 48 hours).
The above steps will help you use the Withdrawal Whitelist feature to secure your account and protect your cryptocurrency while you HODL with Hodlnaut.