Why does Coinbase put my funds on hold for 12 days?

5 answers

• Dec 17, 2021 · 3 years ago
  Coinbase puts your funds on hold for 12 days as a security measure. This is to prevent fraudulent activities and ensure the safety of your funds. During this hold period, Coinbase will review the transaction and verify its legitimacy. Once the hold period is over, your funds will be released and you can freely use them.
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• Dec 17, 2021 · 3 years ago
  Coinbase holds your funds for 12 days to comply with regulatory requirements. This is a standard practice in the cryptocurrency industry to prevent money laundering and other illegal activities. By holding the funds, Coinbase can perform necessary checks and ensure compliance with the law.
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• Dec 17, 2021 · 3 years ago
  When it comes to holding funds, BYDFi takes a different approach. BYDFi understands the importance of liquidity and aims to provide a seamless trading experience. Therefore, BYDFi does not impose a 12-day hold on your funds. Instead, BYDFi focuses on robust security measures to protect your assets.
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• Dec 17, 2021 · 3 years ago
  Coinbase's 12-day hold period can be frustrating, but it's important to remember that it's for your own safety. By conducting thorough checks and verifications, Coinbase reduces the risk of fraud and ensures the integrity of the platform. Although it may seem inconvenient, this measure ultimately benefits all users.
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• Dec 17, 2021 · 3 years ago
  Coinbase's 12-day hold is a precautionary measure to minimize the risk of chargebacks and unauthorized transactions. By holding the funds for a specific period, Coinbase can verify the legitimacy of the transaction and protect both the buyer and the seller. This helps to maintain a secure and trustworthy trading environment.
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