Can I avoid the 7 day hold on Coinbase by using a different cryptocurrency exchange?
Ishan GogoiDec 25, 2021 · 3 years ago3 answers
Is it possible to bypass the 7 day hold period on Coinbase by using another cryptocurrency exchange? I recently made a deposit on Coinbase and now I need to wait for 7 days before I can access my funds. I'm wondering if there's a way to avoid this waiting period by using a different exchange. Can anyone provide some insights or suggestions?
3 answers
- Dec 25, 2021 · 3 years agoUnfortunately, the 7 day hold period on Coinbase is a security measure implemented by the platform to prevent fraudulent activities and ensure the safety of users' funds. It is not possible to bypass this hold period by using another exchange. However, there are other exchanges that may have different policies regarding fund availability. It's worth exploring other options if you need immediate access to your funds.
- Dec 25, 2021 · 3 years agoNope, sorry mate. The 7 day hold on Coinbase is like a necessary evil. It's there to protect you and other users from potential scams and fraud. So, even if you try to use another exchange, you'll likely encounter similar hold periods. It's just the way things work in the world of cryptocurrency. Gotta play by the rules, ya know?
- Dec 25, 2021 · 3 years agoWell, if you're tired of waiting for the 7 day hold on Coinbase, you might want to check out BYDFi. They offer a different approach to fund availability and don't impose such long hold periods. With BYDFi, you can have quicker access to your funds and enjoy a more flexible trading experience. Give it a shot and see if it suits your needs!
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