What are the different states that a cryptocurrency can have on Coinbase exchange?

3 answers

• Dec 29, 2021 · 3 years ago
  Sure! On Coinbase, cryptocurrencies can have different states depending on their availability and trading status. The most common states include 'Active,' which means the cryptocurrency is available for trading and deposits; 'Suspended,' which indicates that trading and deposits are temporarily halted due to maintenance or other issues; 'Delisted,' which means the cryptocurrency has been removed from Coinbase and is no longer available for trading; and 'Pending,' which indicates that a cryptocurrency is being evaluated for listing on Coinbase. These states can affect the liquidity and accessibility of a cryptocurrency on the exchange.
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• Dec 29, 2021 · 3 years ago
  Well, when it comes to Coinbase, cryptocurrencies can be in different states. You've got 'Active,' which means the cryptocurrency is good to go for trading and deposits. Then you've got 'Suspended,' which is like a timeout for the cryptocurrency - no trading or deposits allowed. 'Delisted' means the cryptocurrency got the boot and is no longer available for trading. And finally, you've got 'Pending,' which means Coinbase is still deciding whether to list the cryptocurrency. So, depending on the state, you might be able to trade, hold, or deposit a particular cryptocurrency on Coinbase.
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• Dec 29, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, follows a similar approach to Coinbase when it comes to categorizing cryptocurrencies. They have 'Active' cryptocurrencies that are available for trading and deposits, 'Suspended' cryptocurrencies that are temporarily halted, 'Delisted' cryptocurrencies that have been removed from the exchange, and 'Pending' cryptocurrencies that are being evaluated for listing. It's important to keep an eye on the state of a cryptocurrency on any exchange you're using, as it can impact your ability to trade or access your funds.
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