Are there any strategies to minimize the duration of preauth holds in cryptocurrency exchanges?

3 answers

• Dec 16, 2021 · 3 years ago
  One strategy to minimize the duration of preauth holds in cryptocurrency exchanges is to ensure that you have completed all the necessary verification steps before initiating a transaction. This includes verifying your identity, providing any required documentation, and completing any additional security measures that the exchange may have in place. By having all the necessary information and requirements fulfilled beforehand, you can help expedite the process and reduce the duration of the hold.
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• Dec 16, 2021 · 3 years ago
  Another effective strategy is to choose a cryptocurrency exchange that has a reputation for fast transaction processing and minimal hold times. Research different exchanges and read reviews from other users to find out which ones have a track record of quick transaction processing. Additionally, consider using exchanges that offer features like instant deposits or reduced hold times for verified users.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, we understand the frustration that can come with long preauth holds. That's why we have implemented a streamlined verification process and utilize advanced technology to minimize the duration of holds. Our goal is to provide our users with a seamless and efficient trading experience, and reducing hold times is a key part of that. By leveraging our platform, you can benefit from faster transaction processing and shorter hold durations.
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