How long does an authorization hold typically last for cryptocurrency transactions?

3 answers

• Nov 24, 2021 · 3 years ago
  An authorization hold for cryptocurrency transactions typically lasts for a specific period of time, which can vary depending on the exchange platform and the type of cryptocurrency involved. Generally, these holds can last anywhere from a few minutes to several hours. During this time, the funds are temporarily set aside and cannot be accessed or used for other transactions. Once the hold period expires, the funds are released and become available for use again.
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• Nov 24, 2021 · 3 years ago
  When it comes to authorization holds for cryptocurrency transactions, the duration can be influenced by several factors. These factors include the network congestion, transaction fees, and the specific blockchain technology used by the cryptocurrency. In some cases, the hold may be extended if there are delays in confirming the transaction on the blockchain. It's always a good idea to check with your exchange platform or wallet provider for the most accurate information regarding the duration of authorization holds for your specific cryptocurrency transactions.
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• Nov 24, 2021 · 3 years ago
  At BYDFi, the authorization hold for cryptocurrency transactions typically lasts for approximately 15 minutes. This duration allows for the necessary confirmations on the blockchain and ensures the security of the transaction. After the hold period, the funds are automatically released and can be used for other transactions. It's important to note that the duration of authorization holds may vary on other exchange platforms, so it's always advisable to check the specific policies of the platform you are using.
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