Why can't I get my money out of Bitcoin?

Cryptocurrency purchases made through various methods such as credit cards, ACH, or Open Banking often come with a specific condition—a holding period. This period serves as a temporary restriction on the accessibility of your newly acquired digital assets.

During this holding period, it's crucial to understand that your cash account, whether denominated in GBP, EUR, or USD, is temporarily unavailable for withdrawal. This measure is in place to ensure the security and stability of the transaction process.

Moreover, sending funds from your account to a DeFi Wallet, a popular choice for decentralized finance enthusiasts, is also prohibited during the holding period. This restriction extends to any attempts to transfer crypto assets to external wallets, further limiting your options for immediate use or storage.

It's important to note that these holding periods are not unique to a single platform or exchange but are rather a common practice across the cryptocurrency ecosystem. They are put in place to mitigate risks associated with fraudulent activities and to protect the interests of both buyers and sellers.

As a top cryptocurrency exchange, BTCC offers a comprehensive suite of services that cater to the diverse needs of its users. Among these services are spot trading, which allows for the direct purchase and sale of cryptocurrencies at current market prices.