Why aren’t internal transfers instant?

Coinkite is unique in the marketplace because it uses a BIP32 compatible key scheme and operates in the open on the blockchain. Unlike some other sites, we do not use “internal bookkeeping” to move funds between our clients and/or their accounts.

The downside is that some transactions take longer than they would otherwise. But the upside is huge: you can audit us and verify that we aren’t misusing your funds. See below about how your funds are always safe, even if we are closed down.