Coinbase introduces Ethereum and Litecoin ‘Vaults’ for enhanced storage

San Francisco-based bitcoin and crypto exchange Coinbase has announced the addition of Ethereum and Litecoin ‘Vaults’ for all customers, bringing these assets up to date with the company’s current Bitcoin storage offerings.

With vaults for Bitcoin, Ethereum, and Litecoin, customers get additional layers of withdrawal security for stored digital currency, such as a 48-hour withdrawal delay and required email approvals.

The Coinbase team said:

“A little more than 3 years ago, Coinbase introduced the concept of its Bitcoin vaults for customers. Its goal was to help eliminate the false idea that Bitcoin owners had to choose between security or convenience when it came to storage.”

“Coinbase vaults gave customers the best of both worlds by providing a standard account for easy access and a vault for long-term storage. We’re now bringing this product to Ethereum and Litecoin, continuing our mission to make Coinbase the easiest, most secure place to buy, sell, and hold digital currency.”

Earlier this year the company added Litecoin to its supported digital currencies, while Ethereum was Coinbase’s the second crypto to be supported after Bitcoin.