Is it normal for BTC on KuCoin to be on reserved status after cancelling the order?
PosheffyDec 15, 2021 · 3 years ago3 answers
I recently cancelled an order for BTC on KuCoin, but I noticed that the BTC is now in reserved status. Is this a normal occurrence after cancelling an order on KuCoin? What does it mean for my BTC?
3 answers
- Dec 15, 2021 · 3 years agoYes, it is normal for BTC on KuCoin to be on reserved status after cancelling an order. When you cancel an order, the BTC that was allocated for that order goes back into your account, but it remains in reserved status for a short period of time. During this time, the BTC cannot be traded or withdrawn. This is a security measure to ensure that the BTC is available in case you decide to place another order or make a withdrawal shortly after cancelling the previous order.
- Dec 15, 2021 · 3 years agoAbsolutely! It's totally normal for BTC on KuCoin to be on reserved status after cancelling an order. This is just a temporary status that allows the system to process the cancellation and make the BTC available for other potential trades. Don't worry, your BTC will be back to normal status soon and you'll be able to trade or withdraw it as you wish.
- Dec 15, 2021 · 3 years agoYes, it is normal for BTC on KuCoin to be on reserved status after cancelling an order. When you cancel an order, the BTC is temporarily put on reserved status to prevent any potential issues with the cancellation process. This ensures that the BTC is safely held until the cancellation is fully processed. Rest assured, your BTC will be available for trading or withdrawal once the reserved status is lifted. If you have any further concerns, you can reach out to KuCoin's support team for assistance.
Related Tags
Hot Questions
- 96
How can I minimize my tax liability when dealing with cryptocurrencies?
- 91
What are the best digital currencies to invest in right now?
- 89
What are the advantages of using cryptocurrency for online transactions?
- 79
What are the best practices for reporting cryptocurrency on my taxes?
- 79
What is the future of blockchain technology?
- 68
What are the tax implications of using cryptocurrency?
- 68
How does cryptocurrency affect my tax return?
- 51
Are there any special tax rules for crypto investors?