When you buy bitcoin, you can choose where your funds settle after the trade. Our system handles the settlement automatically based on the destination you select.
Settlement destinations
Multi-Institution Custody (MIC) vault: your bitcoin is transferred to your MIC vault after the trade settles. There is no transfer fee for this movement.
Trade account: your bitcoin settles automatically in your Trade Wallet.
If you don’t have a MIC vault yet, click Activate on Multi-Institution Custody from your dashboard to set one up. See How do I activate Multi-Institution Custody? for the steps.
How it works
You place a market order and select your settlement destination.
Once the market order is complete, a transfer request to your selected destination is created automatically.
The first time you settle to your MIC vault transaction may take up to 24 hours to process.
After your first settlement, transfers are approved automatically and are typically signed within about 15 minutes.
Good to know
Settlement timing is subject to Bitcoin network conditions and business hours, and may take longer on weekends.