How does cash on hold affect my cryptocurrency investments?

3 answers

• Karan TyagiJul 31, 2022 · 3 years ago
  When cash from a cryptocurrency sale is put on hold, it means that you cannot immediately access or use that cash. This can affect your investment strategy as it limits your ability to reinvest or make new purchases. It's important to consider the timing of your sales and the potential impact of having cash on hold. You may need to adjust your investment plans accordingly and be prepared for potential delays in accessing your funds.
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• NikolasMay 11, 2023 · 2 years ago
  Having cash on hold after selling cryptocurrencies can be frustrating, especially if you were planning to use that cash for other investments. However, it's important to understand that this is a common practice in the cryptocurrency market. Exchanges often put cash on hold to mitigate the risk of chargebacks and fraud. While it may be inconvenient, it's a necessary step to ensure the security of transactions. Just be aware of this when planning your investment strategy and consider the potential delays in accessing your funds.
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• favour xuSep 12, 2021 · 4 years ago
  When you sell your cryptocurrencies, the cash from the sale is sometimes put on hold by the exchange. This is done to prevent fraudulent activity and chargebacks. While it may seem inconvenient, it's actually a security measure that protects both the exchange and its users. The duration of the hold can vary depending on the exchange and the specific circumstances. It's important to check the terms and conditions of the exchange you're using to understand their specific policies regarding cash on hold. BYDFi, for example, has a standard hold period of 48 hours for cash from cryptocurrency sales. During this time, you won't be able to access or use the cash. However, once the hold period is over, you can freely withdraw or reinvest the funds.
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