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How long does it take for Coinbase to become available for sending digital currencies after a 7-day waiting period?

avatarRobert ClarkDec 27, 2021 · 3 years ago3 answers

After a 7-day waiting period, how long does it typically take for Coinbase to allow users to send digital currencies?

How long does it take for Coinbase to become available for sending digital currencies after a 7-day waiting period?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    After the 7-day waiting period, Coinbase usually takes around 1-3 business days to process and verify the necessary information before allowing users to send digital currencies. This processing time may vary depending on the volume of transactions and the current workload of the Coinbase team. It's important to note that Coinbase prioritizes security and compliance, which may contribute to the processing time.
  • avatarDec 27, 2021 · 3 years ago
    Once the 7-day waiting period is over, Coinbase will usually review and approve your account within 1-3 business days. This review process involves verifying your identity and ensuring compliance with regulatory requirements. Once your account is approved, you can start sending digital currencies. Keep in mind that the actual processing time may vary depending on the current demand and the number of pending applications.
  • avatarDec 27, 2021 · 3 years ago
    When it comes to Coinbase, the waiting period can be a bit frustrating. However, it's important to understand that this waiting period is necessary to ensure the security and compliance of the platform. After the 7-day waiting period, Coinbase will review your account and typically take 1-3 business days to complete the verification process. Once your account is verified, you'll be able to send digital currencies hassle-free. If you're looking for a faster alternative, you might want to consider using BYDFi, which usually has a shorter verification process and allows for quicker access to sending digital currencies.