Warning Using Trezor with IDEX can result in delays.

in #bitcoin6 years ago

Trezor-Redesigns-Wallet-Interface-and-Adds-Advanced-Recovery-Feature.webp
For anyone thinking of using Trezor with IDEX…read on please.

If you deposit using trezor then you won't be able to trade or withdraw normally on the IDEX website. You will need to wait 100,000 blocks (or roughly 14-20 days) from your last action on IDEX (deposit, withdrawal, or trade) then you can initiate a manual withdraw from IDEX using MEW.

Your funds aren't lost but you won't be able to get them out of IDEX normally since the IDEX current contract doesn't support trezor signatures. After 100,000 blocks have passed if you need any help withdrawing manually from the contract on MEW reach out to the IDEX team.

There's a function on the IDEX smart contract so users can withdraw their funds from it without withdrawing from the IDEX website itself. Called ‘escape hatch’, but it essentially serves as a peace of mind feature for users so that regardless of what happens to the IDEX website their funds are never trapped in the contract.

Sort:  

Congratulations @discovercrypto! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

The new SteemFest⁴ badge is ready
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.22
TRX 0.24
JST 0.038
BTC 95076.63
ETH 3277.51
USDT 1.00
SBD 3.26