I made a transaction on Coinbase and was informed that I would have to wait for 10 days. I'm wondering why there's such a long waiting period. Is this normal, or is there a specific reason behind this delay?
5 answers
Elena
Tue Dec 03 2024
Specifically, you will need to wait for up to ten days for the payment to clear before you can utilize the deposited amount.
Stefano
Tue Dec 03 2024
Coinbase often holds funds due to its clearing period for deposited money.
CryptoNinja
Tue Dec 03 2024
During this time, the funds are held and cannot be withdrawn.
Raffaele
Tue Dec 03 2024
This period is a standard procedure for the company to ensure the security of transactions.
CryptoVisionary
Tue Dec 03 2024
When you deposit local currency or any other fiat to a Coinbase account that is new or has no balance, you may experience a delay in using those funds.