Why does Coinbase put a hold on transactions?

3 answers

• DATAFeb 25, 2024 · 2 years ago
  Coinbase puts a hold on transactions for security reasons. This is to ensure that the funds being transferred are legitimate and not involved in any fraudulent activities. By temporarily holding the transactions, Coinbase can conduct thorough checks and verifications to protect its users and the platform from potential risks.
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• MahdiAug 29, 2022 · 3 years ago
  The hold on transactions by Coinbase is a precautionary measure to prevent unauthorized access and potential money laundering. It helps in verifying the source of funds and ensuring compliance with regulatory requirements. Although it may cause inconvenience to users, it is necessary to maintain the integrity and security of the platform.
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• Aayush RaiSep 25, 2024 · a year ago
  As an expert in the industry, I can say that Coinbase is not the only exchange that puts a hold on transactions. Other exchanges also have similar security measures in place to protect their users and the platform. It is a common practice in the cryptocurrency industry to ensure the safety of funds and prevent fraudulent activities.
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