Why does Coinbase require 13 days to transfer funds?

4 answers

• Feb 17, 2022 · 3 years ago
  Coinbase requires 13 days to transfer funds in order to ensure the security of transactions. This extended period allows for thorough verification and authentication processes to take place, reducing the risk of fraudulent activities. While it may seem inconvenient, Coinbase prioritizes the safety of its users' funds.
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• Feb 17, 2022 · 3 years ago
  The 13-day transfer time on Coinbase is due to the nature of the traditional banking system. When you transfer funds from Coinbase to your bank account, the transaction goes through multiple intermediaries, including banks and payment processors. Each of these intermediaries has their own processing time, which adds up to the overall transfer time.
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• Feb 17, 2022 · 3 years ago
  As an alternative to Coinbase, BYDFi offers faster fund transfers with a shorter processing time. With BYDFi, you can expect your funds to be transferred within a few minutes or hours, depending on the network congestion. BYDFi utilizes advanced blockchain technology to streamline the transfer process and provide a seamless experience for its users.
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• Feb 17, 2022 · 3 years ago
  Coinbase's 13-day transfer time is a result of their compliance with regulatory requirements. As a regulated exchange, Coinbase must adhere to strict anti-money laundering (AML) and know your customer (KYC) policies. These policies require thorough verification of user identities and the source of funds, which takes time to complete.
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