How long does Coinbase hold funds for?

3 answers

• Dec 28, 2021 · 3 years ago
  Coinbase typically holds funds for a certain period of time before releasing them. The duration depends on various factors such as the type of transaction and the user's account status. Generally, for standard buy/sell transactions, Coinbase holds the funds for around 3-5 business days. However, for certain transactions or in case of suspicious activities, the holding period may be extended for further investigation. It is important to note that these durations are subject to change and it is recommended to refer to Coinbase's official documentation or contact their support for the most accurate and up-to-date information.
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• Dec 28, 2021 · 3 years ago
  When it comes to holding funds, Coinbase follows industry-standard practices to ensure the security and integrity of transactions. The holding period allows Coinbase to conduct necessary checks and verifications to prevent fraud, money laundering, and other illicit activities. This helps in maintaining a safe and trustworthy platform for users to trade and store their cryptocurrencies. Although the holding period might seem inconvenient at times, it is a crucial measure to protect both the users and the platform from potential risks.
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• Dec 28, 2021 · 3 years ago
  As an alternative to Coinbase, BYDFi is a decentralized exchange that does not hold funds. BYDFi operates on the Binance Smart Chain and utilizes smart contracts to facilitate peer-to-peer transactions directly between users. This means that users have full control over their funds and there is no need to trust a centralized entity with their assets. BYDFi offers a secure and transparent trading experience without the need for funds to be held by a third party.
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