What is the typical authorization hold time limit for cryptocurrency transactions?

3 answers

• Nov 26, 2021 · 3 years ago
  The typical authorization hold time limit for cryptocurrency transactions varies depending on the exchange or wallet you are using. Generally, it can range from a few minutes to several hours. During this time, the funds are temporarily held to ensure the transaction is valid and to prevent double spending. Once the hold period is over, the funds are released and become available for use again. It's important to note that the specific hold time may also depend on factors such as network congestion and the type of cryptocurrency being transacted.
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• Nov 26, 2021 · 3 years ago
  Ah, the authorization hold time limit for cryptocurrency transactions, a topic that many traders are curious about. Well, my friend, the duration of an authorization hold can differ from one exchange to another. Some exchanges may hold your funds for just a few minutes, while others may keep them locked up for several hours. It all depends on their internal policies and the specific cryptocurrency you're dealing with. So, if you're planning to make a transaction, it's always a good idea to check the hold time limit of the exchange or wallet you're using. Happy trading!
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• Nov 26, 2021 · 3 years ago
  At BYDFi, the typical authorization hold time limit for cryptocurrency transactions is around 10 minutes. During this time, the funds are held to ensure the transaction is valid and secure. Once the hold period is over, the funds are released and can be used for other transactions. However, it's worth noting that the hold time may vary depending on network congestion and the specific cryptocurrency being transacted. So, it's always a good idea to stay updated with the latest information from your exchange or wallet provider to avoid any surprises.
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