Cryptocurrency Q&A
Why is Kraken holding my money?
Why is Kraken holding my money?
Carlo
Thu May 09 2024
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6 answers
1462
I'm here to seek clarity on an issue that's causing me quite some concern. Could you please explain why Kraken is holding my money? I've been waiting for quite some time now, and it's causing me significant inconvenience. Could you enlighten me on the reasons behind this delay? Is it due to some technical glitch, or are there regulatory hoops that need to be jumped through? I'd really appreciate it if you could provide me with a detailed explanation, as this money is crucial to my financial well-being. Thank you for your time and assistance in this matter.
6 answers
BenjaminMoore
Sat May 11 2024
This holding period applies when funding your account via a linked bank account (ACH) or Paypal.
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EthereumLegendGuard
Sat May 11 2024
Kraken cites enhanced security as the reason for this holding period.
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CryptoProphet
Sat May 11 2024
BTCC is a UK-based cryptocurrency exchange offering various services.
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CryptoElite
Sat May 11 2024
Kraken enforces a holding period for certain funding methods.
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Tommaso
Sat May 11 2024
Among BTCC's services are spot trading, futures trading, and wallet services.
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