Cryptocurrency Q&A
Why does Coinbase hold funds for 7 days?
Why does Coinbase hold funds for 7 days?
Elena
Sun Dec 01 2024
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6 answers
846
I've been using Coinbase for crypto transactions, but I noticed that they hold my funds for 7 days after each purchase. I'm wondering why they do this as it's causing some inconvenience for me. Is there a specific reason for this hold period?
6 answers
CryptoTamer
Tue Dec 03 2024
The funds that are on hold are displayed in the user's local currency.
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Federico
Tue Dec 03 2024
Funds on hold represent a standard procedure implemented by Coinbase.
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Daniele
Tue Dec 03 2024
This policy is in place to ensure security and prevent fraudulent activities.
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CryptoGladiator
Tue Dec 03 2024
The duration of the hold period cannot be modified for these reasons.
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SilenceStorm
Mon Dec 02 2024
This applies to both cash deposits and purchases made using cryptocurrency.
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