Cryptocurrency Q&A
Why can't i get my money out of Coinbase?
Why can't i get my money out of Coinbase?
Carlo
Fri Sep 20 2024
|
7 answers
1701
I'm having trouble withdrawing my funds from Coinbase. Could you please explain why I'm unable to access my money and what steps I can take to resolve this issue? Is it a technical glitch, a verification process, or something else entirely? I've been trying for several days now and it's becoming quite frustrating. Can you provide any insight into what might be causing this delay and what actions I should take to rectify the situation?
7 answers
Carolina
Sat Sep 21 2024
It's important for traders to be aware of this process and plan accordingly. They should ensure they have sufficient funds available in their account to cover any potential trades or withdrawals during the holding period.
Was this helpful?
93
32
PulseEclipse
Sat Sep 21 2024
Additionally, traders should also keep in mind that the duration of the holding period can vary depending on the specific exchange and the bank involved in the transaction. In some cases, the funds may be held for several days before they become available for use.
Was this helpful?
312
55
HanRiverWave
Sat Sep 21 2024
Funds on hold are a common occurrence in the world of cryptocurrency trading. When a trader utilizes a linked bank account, also known as ACH, to purchase digital currencies or top up their account balance, they may encounter a temporary delay in accessing those funds.
Was this helpful?
112
93
CryptoAlchemy
Sat Sep 21 2024
This delay is akin to depositing a physical check into a traditional bank account. Upon depositing, the funds are not immediately available for withdrawal or other transactions until the check has been cleared by the bank.
Was this helpful?
375
57
SolitudeSerenade
Sat Sep 21 2024
Despite this, the use of ACH as a funding method for cryptocurrency trading remains popular due to its convenience and low cost. Many traders prefer this method as it allows them to easily transfer funds from their bank account to their cryptocurrency exchange without incurring high fees.
Was this helpful?
151
20
Load 5 more related questions
