What are the reasons for the btc amount being withdrawn exceeding what is available from Coinbase?
Anmol SharmaDec 17, 2021 · 3 years ago3 answers
Why is it possible for the amount of Bitcoin (btc) being withdrawn to exceed the available balance in Coinbase?
3 answers
- Dec 17, 2021 · 3 years agoWell, there could be a few reasons why the btc amount being withdrawn exceeds what is available from Coinbase. One possibility is that the user may have pending transactions or open orders that haven't been settled yet. These transactions or orders could be reducing the available balance temporarily, causing the withdrawal to exceed the current balance. Another reason could be that the user has enabled margin trading or borrowed funds from Coinbase, which allows them to withdraw more than their actual balance. It's important to note that margin trading involves risks and should be done with caution.
- Dec 17, 2021 · 3 years agoSometimes, the discrepancy between the btc amount being withdrawn and the available balance in Coinbase could be due to a delay in updating the balance. Coinbase's systems may take some time to reflect the most up-to-date balance, especially during periods of high trading activity. So, even if the user sees a certain balance in their account, the actual available balance might be slightly lower at that moment. It's always a good idea to double-check the available balance before initiating a withdrawal to avoid any issues.
- Dec 17, 2021 · 3 years agoAt BYDFi, we understand that sometimes the btc amount being withdrawn may exceed what is available from Coinbase. This can happen if the user has pending transactions or open orders that haven't been settled yet, or if they have enabled margin trading. However, it's important to keep in mind that withdrawing more than the available balance can have consequences, such as incurring fees or risking the liquidation of borrowed funds. It's always recommended to review your account balance and transaction history before making any withdrawals to ensure a smooth process.
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