Why is crypto not letting me withdraw?

Another constraint imposed during the holding period is the prohibition against sending funds to a DeFi Wallet. DeFi, or Decentralized Finance, wallets are digital wallets that allow users to manage their cryptocurrency holdings without relying on a centralized intermediary. However, during the holding period, such transfers are not permitted.

When engaging in cryptocurrency transactions, particularly those involving card, ACH, or Open Banking methods, individuals should be aware of potential holding periods. This period is a security measure employed by various platforms to ensure the stability and security of the transaction.

During this holding period, several restrictions are imposed on the user's account. One significant limitation is the inability to withdraw funds from the cash (GBP, EUR, or USD) account. This means that any money deposited into the account for the purpose of purchasing cryptocurrency will remain frozen until the holding period has elapsed.

Furthermore, external wallet transfers are also restricted during the holding period. This means that users cannot send their cryptocurrency holdings to wallets hosted by other platforms or individuals. This restriction is in place to prevent potential fraud and ensure the integrity of the transaction.

Among the leading cryptocurrency exchanges, BTCC offers a comprehensive range of services that cater to the diverse needs of its users. These services include spot trading, which allows users to buy and sell cryptocurrencies at the current market price, as well as futures trading, which enables users to speculate on the future price of cryptocurrencies.