BTC Proxy
  • BTC Proxy Documentation
  • Getting Started
    • What is BTC Proxy?
    • Current Challenges
    • Features
    • The Proxy Relay
    • BTC Proxy Advantages
    • Use Cases
    • User Interface & Navigation
    • On-Chain Transfer Restrictions
    • Fees
    • Minimizing Transaction Risks
  • Minting
    • How to Mint Video
    • What is Minting?
    • Minting Sequence
    • BTC Proxy Mint Interface
    • How to Mint?
  • Redeeming
    • How to Redeem Video
    • What is Redeeming/Burning?
    • Burning Sequence
    • BTC Proxy Redeem Interface
    • How to Redeem?
  • Custody
    • What is Custody?
    • Custodian Wallet Setup
    • Transferring Funds from Cold to Hot Wallets
    • Insured Custody
    • Regulated
    • Integration
  • PRXY Token
    • What is PRXY Token
    • Tokenomics
    • Functions of PRXY
    • Allocation
    • Roadmap
    • Legally Binding
  • BTC Proxy DeFi
    • Bitcoin Farming
    • Compound Staking
    • Treasury Bonds
    • Programs
    • Redux
  • Contract Addresses
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  1. Custody

Transferring Funds from Cold to Hot Wallets

Explains the steps involved in transferring funds from cold and frozen wallets

  1. Only a certain percentage of Bitcoin at the custodian is made available for withdrawal each day as the BTC in cold storage are out of reach for the protocol. The BTC must be moved to the hot wallet for redemptions to occur.

  2. Movement of BTC from Cold to Hot requires a multisig protocol that needs M of N authorizations in the Authy app.

  3. Hex Trust performs identity verification.

  4. The Transaction is signed in an air-gap environment.

  5. Funds will be transferred.

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Last updated 3 years ago

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