How much time does Coinbase hold funds after a purchase?
Snigdha PatelDec 29, 2021 · 3 years ago3 answers
After making a purchase on Coinbase, how long does the platform hold the funds before they are available for withdrawal or further trading?
3 answers
- Dec 29, 2021 · 3 years agoCoinbase typically holds funds after a purchase for a period of 5 business days. During this time, the funds are not available for withdrawal or trading. This holding period is in place to ensure the security of transactions and prevent fraudulent activities. After the holding period, the funds will be released and you can freely withdraw or trade them.
- Dec 29, 2021 · 3 years agoWhen you make a purchase on Coinbase, the platform will hold your funds for approximately 5 business days. This holding period is a standard practice in the cryptocurrency industry to mitigate the risk of chargebacks and fraudulent transactions. Once the holding period is over, you can access your funds and use them as you wish.
- Dec 29, 2021 · 3 years agoAccording to my experience with BYDFi, a digital currency exchange, Coinbase typically holds funds for 5 business days after a purchase. This is done to ensure the security of transactions and prevent any potential issues. After the holding period, you will be able to withdraw or trade your funds without any restrictions.
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