The Bleap Magic Wallet is a self-custodial smart wallet: your funds always belong to you, and you alone hold the key that ultimately controls them. To keep everyday use smooth and secure, transactions are normally approved by two parties working together — you and Bleap's signing service. This is called co-signing.
But what happens if Bleap's service is ever unavailable, or if you simply want to move your funds out without relying on anyone else? For exactly this situation, your wallet includes a built-in safety mechanism called Slow Withdrawal.
Slow Withdrawal guarantees that you can always recover your funds on your own, without needing Bleap's approval or cooperation. It is your personal "emergency exit," available at any time.
To do this, you need to first extract your private key in the app settings so you can use it freely.
Why does this feature exist?
A wallet that depended entirely on a company to approve every transaction would not be truly self-custodial — if that company disappeared, your funds could be stuck.
Slow Withdrawal removes that risk. It is a promise written directly into the wallet's smart contract on the blockchain — code that no one, including Bleap, can alter or block. It ensures that:
You retain ultimate control of your money at all times.
You can recover your funds even if Bleap's service is offline, discontinued, or unreachable.
No third party can prevent you from accessing what is yours.
This is a core part of what makes the Magic Wallet a genuinely non-custodial product.
How it works
Normally, sending funds requires two signatures: one from you and one from Bleap's signing service. Slow Withdrawal lets you complete a withdrawal with only your own signature — but with one important condition: a built-in waiting period.
The process has three simple stages:
1. Start the withdrawal
You initiate ("trigger") a Slow Withdrawal from your wallet. This is signed with your own key and starts a countdown. From this moment, the blockchain records that a recovery is in progress.
2. Wait for the security delay
A fixed waiting period must pass before the withdrawal can be completed. By default this is 24 hours, and it can never be set longer than 72 hours.
3. Withdraw your funds
Once the waiting period has elapsed, you complete the withdrawal using only your own signature — no approval from Bleap is needed. You choose the destination address, and your funds are sent there.
You can check at any time how much waiting time remains before the withdrawal becomes available.
Why is there a waiting period?
The delay exists to keep withdrawals orderly and fair when you and Bleap share responsibility for the same wallet.
In normal use, transactions are co-signed by you and Bleap, and Bleap may have legitimate operations in progress on the wallet — for example, settling a pending transaction you've already initiated. Because a Slow Withdrawal can be completed with your signature alone, it deliberately does not take effect immediately. The waiting period ensures that any of these in-flight operations can be properly completed first, rather than being bypassed or "jumped ahead of" by an instant unilateral withdrawal.
In short, the delay is the safeguard that lets the feature be trustless (you can always recover your funds without anyone's permission) while still keeping pending, legitimate activity on the wallet consistent and conflict-free.
What Slow Withdrawal can and cannot do
It can | It cannot |
Move your funds to an address you choose | Change your wallet's settings or configuration |
Be completed using only your own key | Be triggered or completed by anyone other than you |
Work even if Bleap is completely offline | Skip the security waiting period |
The mechanism is deliberately limited to moving funds out to a destination of your choice. It cannot be used to alter how your wallet is configured — a further protection against misuse.
Frequently asked questions
Do I need Bleap's permission to use Slow Withdrawal?
No. That is the entire point of the feature. Once you start it and the waiting period passes, you complete the withdrawal entirely on your own.
How long do I have to wait?
By default, 24 hours. The waiting period can never be configured to be longer than 72 hours.
Where do my funds go?
To any destination address you specify when you complete the withdrawal. You are in full control of where they are sent.
What if I started a withdrawal by mistake?
You can cancel it at any time before it completes, which resets everything.
Can someone steal my funds using this feature?
Only the holder of your wallet's key can start or complete a Slow Withdrawal. The waiting period is not an instant action — it gives any legitimate, in-progress activity on the wallet time to settle first.
Summary
Slow Withdrawal is the Magic Wallet's built-in recovery guarantee. It ensures that your funds are always yours to retrieve — independently, securely, and without relying on any third party. The short security delay is the only condition, and it exists purely to protect you.
With Bleap, you are always in control of your own money.