Cryptocurrency Q&A
Why do I have to wait 7 days to withdraw from Kraken?
Why do I have to wait 7 days to withdraw from Kraken?
SakuraSpirit
Wed Sep 04 2024
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6 answers
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Excuse me, could you please clarify why I'm facing a 7-day waiting period to withdraw funds from Kraken? Is this a standard security measure across all cryptocurrency exchanges, or is there a specific reason for this delay? I'm concerned about the potential impact on my financial planning and would appreciate any insight into how I can expedite the process, if possible. Thank you in advance for your assistance.
6 answers
HanjiArtist
Fri Sep 06 2024
It's important to note that certain cash deposit methods can lead to a temporary withdrawal hold on your account.
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lucas_emma_entrepreneur
Fri Sep 06 2024
One such method is depositing funds via ACH Plaid, which triggers a 7-day withdrawal hold.
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SumoHonor
Fri Sep 06 2024
This means that you won't be able to withdraw your funds for seven days after making a deposit through this method.
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Giulia
Fri Sep 06 2024
Additionally, there are other purchase methods that can also result in a withdrawal hold.
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MysticInfinity
Thu Sep 05 2024
For instance, some methods may trigger a 72-hour withdrawal hold, which means you'll have to wait for three days before being able to withdraw your funds.
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