How does a 'pending withdrawal' affect my cryptocurrency balance?

3 answers

• Dec 27, 2021 · 3 years ago
  When a withdrawal is marked as 'pending' in the cryptocurrency world, it means that the transaction has been initiated but is still being processed by the network. During this time, the withdrawn amount is typically deducted from your available balance, but you may not be able to use it for trading or other transactions until the withdrawal is confirmed. The pending status is temporary and once the withdrawal is confirmed, the deducted amount will be permanently removed from your balance.
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• Dec 27, 2021 · 3 years ago
  A 'pending withdrawal' in the cryptocurrency world can be compared to a 'hold' on your funds. While the amount being withdrawn is still considered part of your balance, it is not available for immediate use. It's like putting a temporary lock on the funds until the withdrawal is completed. Once the withdrawal is confirmed, the pending amount will be deducted from your balance and you will regain access to your remaining funds.
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• Dec 27, 2021 · 3 years ago
  When you initiate a withdrawal and it is marked as 'pending', the amount being withdrawn is still considered part of your available balance. However, you may not be able to use the pending amount for trading or other transactions until the withdrawal is confirmed. It's important to note that the confirmation time can vary depending on the cryptocurrency and network congestion. Once the withdrawal is confirmed, the pending amount will be permanently deducted from your balance.
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