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Adding Wallet Addresses & Configuring Withdraws

Overview

This video provides a walkthrough of how to add wallet addresses and set up withdrawals within the Lincoin pool. It covers how to manage your address book, configure withdrawal preferences, and understand the 24-hour security hold that applies to all new wallet addresses and auto-withdrawals.

Note: Wallet management and withdrawals are specific to the Lincoin pool. These settings do not apply to other pools.

KEY Steps COVERED IN THE VIDEO

Accessing the Address Book

  • Navigate to the Pool section and open the Address Book.
  • View all wallet addresses tied to your sub-accounts, along with their status, history, and details.

Adding a New Wallet Address

  • Click New Address to create a new entry.
  • Paste your wallet address, add a short description, and select the sub-account it belongs to.
  • Once created, the new address appears in your list showing:
    • Sub-account link
    • Description (editable)
    • Wallet address
    • Number of withdrawals
    • Status and last updated time
  • Addresses can be edited, saved, or archived as needed.

24-Hour Security Hold

  • All new wallet addresses are subject to a 24-hour security hold before they can be used.
  • This hold applies to both manual and auto-withdrawals, ensuring an extra layer of protection before funds can be transacted.

Manual Withdrawals

  • Once the address hold expires, you can initiate withdrawals by:
    • Selecting Mainnet or Lightning network
    • Choosing your wallet address
    • Entering the withdrawal amount
  • Transactions can then be confirmed and processed securely.

Auto-Withdrawals

  • Auto-withdrawals can be configured as soon as a wallet is added, but are also subject to the same 24-hour hold before activation.
  • You can define:
    • Minimum withdrawal threshold (e.g., 0.1 BTC)
    • Frequency: Daily, Weekly, or Monthly
    • Specific day of the week or month for processing
  • Once saved and authenticated, settings appear in your Address Book after successful configuration.

Security & Management

  • Every new address and withdrawal configuration requires authentication.
  • All wallet changes, thresholds, and transactions are logged within the Lincoin pool for full traceability and account security.

Withdrawal Limits

  • On-Chain Withdrawal Limit: 0.001 BTC 
  • Lightning Withdrawal Limit: 0.0001 BTC