Cryptocurrency Q&A
What is the 7 day hold on CoinJar?
What is the 7 day hold on CoinJar?
SamsungShiningStar
Wed Oct 16 2024
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7 answers
1419
I'm trying to understand the 7-day hold on CoinJar. What does it mean and why is it implemented? I want to know how it affects my transactions and if there's a way to avoid or reduce this hold period.
7 answers
Chiara
Thu Oct 17 2024
Once the 7-day period has expired, your reserved balance is released. From this point onward, all future Instant Buy purchases made using the same card will no longer be subject to the reserved balance requirement.
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KpopStarlet
Thu Oct 17 2024
Adding card details to CoinJar initiates a verification process. This ensures the security of your transactions and prevents potential fraud.
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MysticMoon
Thu Oct 17 2024
This streamlined process means that once your initial transaction has been successfully verified, subsequent purchases with the same card can be completed without delay.
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Luca
Thu Oct 17 2024
For your first Instant Buy purchase with a particular debit or credit card on CoinJar, the funds are temporarily held in a reserved balance. This safety measure allows for additional checks and verification.
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Elena
Thu Oct 17 2024
The reserved balance holds your first Instant Buy purchase for a period of 7 days. During this time, the funds are not available for immediate use or withdrawal.
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