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How does an auth hold work in the world of cryptocurrency?

avatarAnar DashdavaaNov 28, 2021 · 3 years ago1 answers

Can you explain how an auth hold works in the world of cryptocurrency? What is its purpose and how does it affect the user experience?

How does an auth hold work in the world of cryptocurrency?
Cryptocurrency
Auth Hold
User Experience

1 answers

  • avatarNov 28, 2021 · 3 years ago
    At BYDFi, we understand the importance of auth holds in cryptocurrency transactions. When you initiate a transaction on our platform, we place a temporary hold on your funds to ensure that you have enough balance to complete the transaction. This helps prevent failed transactions and ensures a smooth user experience. Once the transaction is confirmed, the auth hold is released and the funds are transferred to the recipient. We strive to provide a secure and reliable platform for cryptocurrency trading, and auth holds are an essential part of that process.

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