How does an ACH hold affect cryptocurrency transactions?

3 answers

• Dec 16, 2021 · 3 years ago
  When an ACH hold is placed on a cryptocurrency transaction, it can significantly impact the speed and availability of funds. ACH holds are typically used by banks to ensure that the funds being transferred are legitimate and not subject to fraud. However, this can result in delays in the processing of cryptocurrency transactions, as the hold may need to be verified and released before the funds can be transferred. This can be frustrating for users who are looking for quick and seamless transactions. It is important to note that the impact of an ACH hold can vary depending on the specific exchange or platform used for the transaction.
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• Dec 16, 2021 · 3 years ago
  An ACH hold can have a direct impact on the availability of funds for cryptocurrency transactions. When a hold is placed, it means that the funds are temporarily frozen and cannot be accessed or transferred. This can result in delays in completing transactions or even the cancellation of the transaction altogether. It is important for users to be aware of the potential impact of an ACH hold and to plan accordingly when engaging in cryptocurrency transactions.
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• Dec 16, 2021 · 3 years ago
  At BYDFi, we understand the frustration that can come with ACH holds on cryptocurrency transactions. While we strive to provide a seamless and efficient trading experience, ACH holds are a necessary part of the banking system and are outside of our control. We recommend that users familiarize themselves with the policies and procedures of their respective banks and exchanges to better understand how ACH holds may impact their cryptocurrency transactions.
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