common-close-0
BYDFi
Trade wherever you are!

Why is my ledger balance higher than my available balance in cryptocurrency wallets?

avatarNaresh 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?

Why is my ledger balance higher than my available balance in cryptocurrency wallets?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    The 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.
  • avatarDec 16, 2021 · 3 years ago
    Hey 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! 😊
  • avatarDec 16, 2021 · 3 years ago
    When 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!