Why is there a 10-day delay on Coinbase transactions?

Can you explain why there is a 10-day delay on Coinbase transactions? I've noticed that it takes longer compared to other exchanges. Is there a specific reason for this delay?

3 answers
- The 10-day delay on Coinbase transactions is due to their security measures. Coinbase takes extra precautions to ensure the safety of their users' funds. This delay allows them to thoroughly verify and validate each transaction to prevent fraud and unauthorized access. While it may seem inconvenient, it is a necessary step to protect your assets.
Mar 19, 2022 · 3 years ago
- Coinbase's 10-day delay is a security feature designed to protect users from potential fraudulent activities. By implementing this delay, Coinbase can thoroughly review each transaction and identify any suspicious or unauthorized activities. Although it may cause some inconvenience, it ultimately helps maintain the integrity and security of the platform.
Mar 19, 2022 · 3 years ago
- As an expert in the cryptocurrency industry, I can tell you that Coinbase's 10-day delay is a common practice among reputable exchanges. It is a precautionary measure to prevent unauthorized transactions and ensure the safety of users' funds. While it may seem like a long wait, it is a necessary step to protect your assets and maintain the trust of their user base.
Mar 19, 2022 · 3 years ago
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