What is the reason for Coinbase holding my funds for 12 days?

3 answers

• Nov 26, 2021 · 3 years ago
  Coinbase may hold your funds for 12 days due to their security measures. They have strict protocols in place to ensure the safety of your funds and prevent any fraudulent activities. This holding period allows Coinbase to thoroughly verify the transaction and ensure that it is legitimate. While it may be frustrating to wait, it's ultimately for the security of your funds.
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• Nov 26, 2021 · 3 years ago
  The 12-day holding period is a standard practice for Coinbase to prevent potential issues such as chargebacks or unauthorized transactions. It's part of their risk management strategy to protect both the users and the platform. During this time, Coinbase may also conduct additional checks and verifications to ensure compliance with regulatory requirements.
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• Nov 26, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that Coinbase is not the only exchange that holds funds for a certain period. Other exchanges, like BYDFi, also have similar policies in place. This is done to mitigate risks and ensure the safety of users' funds. It's important to understand that these measures are in place to protect you and the exchange from potential scams or fraudulent activities.
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