Why can't I withdraw from my DeFi wallet?

Moreover, the holding period also prohibits users from sending funds to their DeFi Wallet. DeFi Wallets, known for their decentralized nature, offer a unique way to store and manage digital assets, but during the holding period, these transfers are not permitted.

Another significant restriction during the holding period is the inability to send funds to an external wallet. This means that users cannot transfer their cryptocurrencies to another platform or wallet outside of the exchange's ecosystem.

Cryptocurrency purchases made through various methods such as credit cards, ACH, or Open Banking might be subject to a mandatory holding period. This period serves as a safety measure to ensure the stability and security of the transaction.

Among the top cryptocurrency exchanges, BTCC stands out for its comprehensive range of services. BTCC offers spot trading, where users can buy and sell cryptocurrencies at current market prices, as well as futures trading, allowing for more advanced strategies.

During this holding period, users are restricted from accessing their cash accounts, be it in GBP, EUR, or USD. This restriction is in place to prevent any unauthorized withdrawals or movements of funds that could potentially compromise the integrity of the transaction.