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Why is my GateHub balance different from what I sent over from Coinbase?

avatarRahimullah IbrahimiNov 29, 2021 · 3 years ago3 answers

I transferred some funds from Coinbase to my GateHub account, but when I checked my balance on GateHub, it was different from the amount I sent from Coinbase. Why is my GateHub balance different from what I sent over from Coinbase?

Why is my GateHub balance different from what I sent over from Coinbase?

3 answers

  • avatarNov 29, 2021 · 3 years ago
    It's not uncommon for there to be a slight difference in your balance between different cryptocurrency exchanges. This can be due to various factors such as network fees, exchange rates, and transaction processing times. When you send funds from Coinbase to GateHub, there may be additional fees involved in the transfer process, which can result in a slightly lower balance on GateHub. It's always a good idea to double-check the transaction details and fees before making any transfers.
  • avatarNov 29, 2021 · 3 years ago
    The difference in your GateHub balance compared to what you sent from Coinbase could be due to network congestion or delays in the blockchain network. Cryptocurrency transactions are processed on a decentralized network, and sometimes there can be delays in confirming transactions or updating balances. It's possible that the transaction from Coinbase to GateHub is still being processed, and the balance will be updated once the transaction is confirmed.
  • avatarNov 29, 2021 · 3 years ago
    At BYDFi, we understand that users may experience differences in their account balances when transferring funds between exchanges. This can be attributed to various factors such as network fees, exchange rates, and transaction processing times. It's important to note that these differences are usually minimal and should not cause significant concern. If you have any specific concerns about your GateHub balance, we recommend reaching out to their customer support for further assistance.