How much time does Coinbase usually require to verify a bank account for cryptocurrency transactions?
JustLikeThatJan 24, 2022 · 3 years ago3 answers
Can you provide more details on the average time it takes for Coinbase to verify a bank account for cryptocurrency transactions? I'm curious about the process and how long it typically takes.
3 answers
- Jan 24, 2022 · 3 years agoVerifying a bank account on Coinbase usually takes around 2-3 business days. During this time, Coinbase will initiate small test deposits to your bank account, which you'll need to verify. Once the test deposits are confirmed, your bank account will be successfully linked to your Coinbase account. Keep in mind that the verification process may take longer if there are any issues or delays with your bank.
- Jan 24, 2022 · 3 years agoCoinbase typically requires 2-3 business days to verify a bank account for cryptocurrency transactions. This process involves Coinbase sending small amounts of money to your bank account and asking you to confirm the exact amounts received. Once you've successfully verified the test deposits, your bank account will be linked to your Coinbase account, allowing you to buy and sell cryptocurrencies.
- Jan 24, 2022 · 3 years agoFrom my experience at BYDFi, I can tell you that Coinbase usually takes around 2-3 business days to verify a bank account for cryptocurrency transactions. During this time, Coinbase will send two small deposits to your bank account, and you'll need to confirm the amounts to complete the verification process. It's important to note that the verification time may vary depending on your bank and any potential issues that may arise.
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