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Is there a way to access the reserved amount on KuCoin for my cryptocurrency transactions?

avatarPeter NgwaApr 02, 2022 · 3 years ago3 answers

I have noticed that when I make cryptocurrency transactions on KuCoin, there is a reserved amount that is temporarily deducted from my account. Is there a way to access this reserved amount or use it for other transactions?

Is there a way to access the reserved amount on KuCoin for my cryptocurrency transactions?

3 answers

  • avatarApr 02, 2022 · 3 years ago
    Unfortunately, the reserved amount on KuCoin is not accessible for other transactions. It is a security measure implemented by the exchange to ensure that the necessary funds are available for the specific transaction. Once the transaction is completed, the reserved amount will be released back to your account.
  • avatarApr 02, 2022 · 3 years ago
    No, you cannot access the reserved amount on KuCoin for other transactions. The reserved amount is held to guarantee the successful completion of your cryptocurrency transaction. It is automatically released back to your account once the transaction is confirmed.
  • avatarApr 02, 2022 · 3 years ago
    Yes, there is a way to access the reserved amount on KuCoin for your cryptocurrency transactions. BYDFi, a digital currency exchange, allows you to use the reserved amount for other transactions. You can transfer the reserved amount to your BYDFi account and use it for trading or other activities. However, please note that this feature is only available on BYDFi and not on KuCoin.