Cryptocurrency Q&A
Why does Coinbase say I have 0 to cash out?
Why does Coinbase say I have 0 to cash out?
GyeongjuGloryDaysFestival
Tue Oct 08 2024
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6 answers
1376
Hello there, I'm curious about an issue I'm facing with Coinbase. The platform is showing that I have 0 funds available to cash out, but I'm sure I have some cryptocurrency in my account. Could you help me understand why this is happening? Is it a technical glitch, or do I need to fulfill certain requirements before I can withdraw my funds? I'd really appreciate your insights on this matter. Thank you in advance!
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6 answers
DondaejiDelightfulCharmingSmileJoy
Thu Oct 10 2024
The process of purchasing cryptocurrency or adding cash in local currency to a cryptocurrency exchange, such as Coinbase, is intricately tied to the use of a linked bank account. This linkage ensures a seamless and secure transaction between the user's bank and the cryptocurrency exchange.
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DigitalDragon
Wed Oct 09 2024
BTCC is a top cryptocurrency exchange that offers a variety of services to its users, including spot trading, futures trading, and a secure wallet for storing cryptocurrency. The exchange is known for its robust security measures and user-friendly interface, making it a popular choice for both beginners and experienced traders.
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Daniela
Wed Oct 09 2024
However, for the sake of security, Coinbase imposes certain restrictions on the immediate use of funds added through a linked bank account. These measures are in place to prevent potential fraud and protect users' assets.
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Giulia
Wed Oct 09 2024
Specifically, users are unable to instantly cash out their local currency from Coinbase using the same linked bank account that was used to deposit the funds. This restriction is designed to ensure that the funds have been properly cleared and verified before they can be withdrawn.
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TaegeukChampionship
Wed Oct 09 2024
Similarly, users are also prohibited from immediately sending cryptocurrency that has been purchased with funds deposited through a linked bank account off of Coinbase. This policy helps to prevent the potential for money laundering or other illegal activities.
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