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Is there a specific waiting period for withdrawing cryptocurrency from Coinbase?

avatarLeon ebahDec 25, 2021 · 3 years ago3 answers

I would like to know if there is a specific waiting period for withdrawing cryptocurrency from Coinbase. Can I withdraw my funds immediately after selling my cryptocurrency on the platform?

Is there a specific waiting period for withdrawing cryptocurrency from Coinbase?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Yes, there is a waiting period for withdrawing cryptocurrency from Coinbase. The waiting period varies depending on the type of cryptocurrency you are withdrawing. Generally, it can take anywhere from a few minutes to several hours for the withdrawal to be processed and confirmed on the blockchain. During this waiting period, Coinbase will verify the transaction and ensure the security of your funds. Once the withdrawal is confirmed, you will be able to access your funds in your external wallet.
  • avatarDec 25, 2021 · 3 years ago
    Absolutely! After selling your cryptocurrency on Coinbase, you can withdraw your funds immediately. There is no specific waiting period for withdrawals. However, please note that the transaction may take some time to be confirmed on the blockchain, especially during periods of high network congestion. So, while you can initiate the withdrawal right away, it may still take some time for the funds to reach your external wallet.
  • avatarDec 25, 2021 · 3 years ago
    Yes, there is a waiting period for withdrawing cryptocurrency from Coinbase. The waiting period is usually around 48 hours, during which Coinbase performs security checks and verifies the transaction. This waiting period is in place to ensure the safety of your funds and prevent any unauthorized withdrawals. Once the waiting period is over, you will be able to withdraw your cryptocurrency to your external wallet. Please note that this waiting period may vary depending on the specific circumstances and Coinbase's security protocols.