Yes, Ledn supports wallet address safelisting, a feature designed to increase the security of your account by restricting withdrawals to pre-approved wallet addresses. Once you have safelisted an address, you can only withdraw funds to the addresses on your list, helping protect your assets from unauthorized withdrawals.
How Do I Enable Wallet Address Safelisting?
- Login to Your Ledn Account:
- Navigate to the Security Settings in the upper right corner of your dashboard.
- Activate Safelisting:
- In the security section, choose Safelisted Addresses.
- Add the BTC, USDC, USDT, ETH wallet addresses where you want to allow withdrawals. Each address will need to be labeled for easy reference.
- Confirm With Token-based 2FA:
- You must have Token Two-Factor Authentication (2FA) enabled to activate safelisting. SMS-based 2FA is not supported for this feature. If you haven’t enabled Token-based 2FA yet, follow the steps in our guide to set it up using an authenticator app like Google Authenticator or Authy.
- Cooldown Period:
- Any changes to your safelisted addresses (adding or removing an address) will trigger a cooldown period of 48 hours, during which withdrawals will be restricted. This period ensures your account remains protected if unauthorized changes are made.
Why Should I Use Safelisting?
Safelisting is a vital security feature that limits withdrawals to trusted addresses only. This reduces the risk of funds being sent to an unauthorized or fraudulent wallet if your account is compromised. When combined with Token 2FA and an Anti-Phishing Phrase, safelisting significantly enhances the security of your Ledn account.
How Can I Modify or Remove a Safelisted Address?
- Go to the Security Settings section of your Ledn account.
- Under Safelisted Addresses, you can modify or delete an existing wallet address.
- Remember: Any modification triggers the 48-hour cooldown period, which temporarily restricts withdrawals to existing, new or modified addresses.
What Happens During the Cooldown Period?
During the 48-hour cooldown period, you will not be able to withdraw funds to existing, new or modified addresses. Withdrawals are limited to internal transfers, such as paying down an active loan. This restriction ensures that any unauthorized changes to your safelisted addresses cannot immediately result in a loss of funds.
Need Help Managing Safelisted Addresses?
If you encounter any issues or have concerns about managing your safelisted addresses, please visit our Help Center and submit a request for assistance.