Can someone explain why my funds are being held by Coinbase for 12 days?

5 answers

• Rafaela ValenciaApr 18, 2021 · 5 years ago
  Coinbase may hold your funds for security reasons. They have strict policies in place to ensure the safety of your funds and prevent any fraudulent activities. The holding period allows Coinbase to conduct thorough checks and verifications before releasing the funds. This is a common practice in the cryptocurrency industry to protect users' assets.
  350

  175
• hans johnsonOct 23, 2024 · a year ago
  The holding period could be due to a high volume of transactions on the Coinbase platform. During peak times, Coinbase may experience delays in processing withdrawals and releasing funds. This is done to ensure the stability and reliability of their systems. It's recommended to reach out to Coinbase support for more specific information about your account and the reason for the hold.
  386

  129
• Murodjon XamidovDec 13, 2024 · a year ago
  As an expert in the cryptocurrency industry, I can tell you that Coinbase is known for its strict compliance with regulatory requirements. They may hold funds for an extended period to comply with anti-money laundering (AML) and know your customer (KYC) regulations. These regulations are in place to prevent illegal activities such as money laundering and terrorist financing. It's important to understand that these measures are taken to protect the integrity of the cryptocurrency ecosystem.
  494

  124
• pankaj guptaApr 16, 2022 · 4 years ago
  Hey there! It seems like you're facing some trouble with Coinbase holding your funds. Don't worry, it happens to the best of us! Coinbase, like any other exchange, has certain policies and procedures in place to ensure the security of your funds. The holding period might be due to a variety of reasons, such as increased security measures, transaction verification, or even temporary system maintenance. It's always a good idea to reach out to Coinbase support for a more detailed explanation regarding your specific situation.
  528

  106
• Munck BankeAug 25, 2020 · 5 years ago
  BYDFi, a leading cryptocurrency exchange, understands the frustration of funds being held for an extended period. While I can't speak for Coinbase, it's important to remember that exchanges prioritize the security of users' funds. The holding period could be a result of enhanced security measures or additional verification steps. If you have any concerns or questions, it's best to contact Coinbase directly for clarification. Remember, the safety of your funds is of utmost importance in the cryptocurrency world!
  516

  86