Why is my ledger balance higher than my available balance in cryptocurrency wallets?
Naresh DewasiDec 16, 2021 · 3 years ago3 answers
I noticed that my ledger balance in my cryptocurrency wallet is higher than my available balance. Can someone explain why this is happening?
3 answers
- Dec 16, 2021 · 3 years agoThe ledger balance in your cryptocurrency wallet represents the total amount of cryptocurrency that you own, including any pending transactions. On the other hand, the available balance only includes the amount of cryptocurrency that is currently accessible and can be used for transactions. This difference can occur when you have pending transactions that have not been confirmed on the blockchain yet. Once these transactions are confirmed, the available balance will be updated to reflect the changes in your ledger balance.
- Dec 16, 2021 · 3 years agoHey there! So, the ledger balance in your crypto wallet is the total amount of cryptocurrency you have, including any pending transactions. On the other hand, the available balance is the amount of cryptocurrency that is currently accessible and can be used for transactions. The difference between the two balances usually occurs when you have pending transactions that are still being processed by the network. Once these transactions are confirmed, the available balance will be updated to match your ledger balance. Hope this helps! 😊
- Dec 16, 2021 · 3 years agoWhen it comes to cryptocurrency wallets, the ledger balance represents the total amount of cryptocurrency you own, including any pending transactions. On the other hand, the available balance only includes the amount of cryptocurrency that is currently accessible and can be used for transactions. This difference can be due to the time it takes for transactions to be confirmed on the blockchain. Once the transactions are confirmed, the available balance will be updated to match your ledger balance. If you have any further questions, feel free to ask!
Related Tags
Hot Questions
- 99
Are there any special tax rules for crypto investors?
- 70
How can I protect my digital assets from hackers?
- 68
What are the best practices for reporting cryptocurrency on my taxes?
- 67
What is the future of blockchain technology?
- 54
What are the tax implications of using cryptocurrency?
- 53
What are the best digital currencies to invest in right now?
- 47
What are the advantages of using cryptocurrency for online transactions?
- 36
How does cryptocurrency affect my tax return?