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RE: The Real Reason For Steem Savings Accounts (For Beginners)

in #steemit8 years ago

Can I, from savings, transfer the funds to a crypto exchange? I've moved my steem dollars into savings, but I want to use it to exchange for btc....is it capable to transfer those funds to a poloniex account from savings?

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No, you need to withdraw it from savings first. You can transfer it to an exchange after three days (the withdrawal time frame).

Ugh...ok...so I need to withdraw it back to myself before I can put in a poloniex account?
Well I just wasted 3 days putting it in savings then.
Grrrr

I'd recommend only putting it in savings when you know you aren't going to be using it in the next three days. If that's the case, then savings is a great idea in case of an account hack.