Cryptocurrency Q&A
What is the 7 day hold on Kraken plaid?
What is the 7 day hold on Kraken plaid?
LucyStone
Mon Dec 09 2024
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5 answers
932
I recently encountered a situation with Kraken where my funds were put on a 7-day hold. I'm trying to understand what this hold is all about and why it was implemented. Could someone explain the reason for this 7-day hold on Kraken?
5 answers
Elena
Wed Dec 11 2024
ACH deposits facilitated through Plaid are immediately available for trading purposes.
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GangnamGlitzGlamour
Tue Dec 10 2024
This measure is a security precaution to ensure the stability and integrity of the trading platform.
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GangnamGlitzGlamourGloryDays
Tue Dec 10 2024
However, a seven-day withdrawal hold will be imposed on these deposits.
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WindRider
Tue Dec 10 2024
This seven-day hold period will be enforced after every deposit made using this method.
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KatanaSharp
Tue Dec 10 2024
The hold applies to any assets, whether in cash or cryptocurrencies, that are equivalent to the deposited amount.
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