Cryptocurrency Q&A Why do I have to wait 10 days on Coinbase?

Why do I have to wait 10 days on Coinbase?

SumoHonor SumoHonor Mon Dec 02 2024 | 5 answers 1364
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? Why do I have to wait 10 days on Coinbase?

5 answers

Elena 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.

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Stefano Stefano Tue Dec 03 2024
Coinbase often holds funds due to its clearing period for deposited money.

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CryptoNinja CryptoNinja Tue Dec 03 2024
During this time, the funds are held and cannot be withdrawn.

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Raffaele Raffaele Tue Dec 03 2024
This period is a standard procedure for the company to ensure the security of transactions.

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CryptoVisionary 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.

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