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How are the two amounts at Coinbase interpreted?

avatarKT_15Dec 26, 2021 · 3 years ago3 answers

Can you explain how the two amounts displayed on Coinbase are interpreted? I'm confused about the difference between the 'Available' and 'Total' amounts. Are they both the same as the balance in my account? How can I use these amounts to manage my cryptocurrency holdings?

How are the two amounts at Coinbase interpreted?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    The 'Available' amount on Coinbase refers to the funds that you can immediately use for trading or withdrawals. It represents the portion of your balance that is not currently being held in open orders or pending transactions. On the other hand, the 'Total' amount includes the 'Available' amount as well as any funds that are currently locked in open orders or pending transactions. It gives you a comprehensive view of your account balance, including both the funds you can use and the funds that are temporarily unavailable.
  • avatarDec 26, 2021 · 3 years ago
    When you place an order on Coinbase, the 'Total' amount will decrease as the funds are locked in the order. However, the 'Available' amount will remain the same until the order is executed or canceled. This allows you to manage your available funds separately from the funds that are tied up in open orders. It's important to note that the 'Total' amount may fluctuate depending on the status of your orders, but the 'Available' amount represents the actual balance that you can use at any given time.
  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we have a similar system where we display both the 'Available' and 'Total' amounts. The 'Available' amount represents the funds that you can use for trading or withdrawals, while the 'Total' amount includes the 'Available' amount as well as any funds that are locked in open orders. This allows you to have a clear understanding of your account balance and manage your cryptocurrency holdings effectively. If you have any further questions about interpreting the amounts on Coinbase or BYDFi, feel free to ask!