How long does Coinbase hold funds for cryptocurrency transactions?
Cephas GondweDec 16, 2021 · 3 years ago3 answers
Can you tell me how long Coinbase holds funds for cryptocurrency transactions? I'm curious about the duration of time my funds will be held by Coinbase after making a cryptocurrency transaction.
3 answers
- Dec 16, 2021 · 3 years agoCoinbase typically holds funds for cryptocurrency transactions for a period of 3-5 business days. This holding period allows Coinbase to verify the transaction and ensure the security of the funds. During this time, the funds are temporarily unavailable for withdrawal or further trading. It's important to note that the holding period may vary depending on the specific transaction and market conditions.
- Dec 16, 2021 · 3 years agoWhen it comes to holding funds for cryptocurrency transactions, Coinbase usually takes around 3-5 business days. This waiting period is necessary for Coinbase to confirm the transaction and protect against potential fraud or unauthorized activity. While your funds are being held, you won't be able to access or trade them. Keep in mind that the exact duration may vary depending on various factors, so it's always a good idea to check Coinbase's official documentation for the most up-to-date information.
- Dec 16, 2021 · 3 years agoAs an expert in the field, I can confirm that Coinbase typically holds funds for cryptocurrency transactions for a period of 3-5 business days. This duration allows Coinbase to conduct necessary security checks and ensure the legitimacy of the transaction. During this time, your funds will be temporarily locked and you won't be able to withdraw or trade them. It's important to be patient and understand that this waiting period is in place to protect both you and Coinbase from potential risks.
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