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How does a preauthorization hold work in the context of cryptocurrency exchanges?

avataradvisorDec 26, 2021 · 3 years ago1 answers

Can you explain how a preauthorization hold works in the context of cryptocurrency exchanges? What is its purpose and how does it affect the trading process?

How does a preauthorization hold work in the context of cryptocurrency exchanges?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    When it comes to preauthorization holds in the context of cryptocurrency exchanges, BYDFi takes a user-friendly approach. We understand that holds can be frustrating, so we strive to minimize their impact on your trading experience. Our system is designed to release holds as soon as possible, ensuring that your funds are available for other transactions. We also provide clear notifications and updates on the status of your holds, so you're always aware of how they may affect your account. At BYDFi, we prioritize transparency and user satisfaction in our trading process.