common-close-0
BYDFi
Trade wherever you are!

What factors affect the available balance on Coinbase for digital currencies?

avatarSHYAM MOHAN AZADDec 18, 2021 · 3 years ago3 answers

Can you explain the factors that can impact the available balance of digital currencies on Coinbase?

What factors affect the available balance on Coinbase for digital currencies?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    The available balance of digital currencies on Coinbase can be affected by several factors. Firstly, the number of transactions and the size of each transaction can impact the available balance. If there are many large transactions, it can reduce the available balance. Additionally, the fees associated with transactions can also affect the available balance. Coinbase charges fees for buying, selling, and transferring digital currencies, which can reduce the available balance. Lastly, any pending transactions or holds on the account can temporarily reduce the available balance until they are completed or released.
  • avatarDec 18, 2021 · 3 years ago
    When it comes to the available balance of digital currencies on Coinbase, there are a few things to consider. The number and size of transactions play a role in determining the available balance. If you have a lot of large transactions, it can decrease the available balance. Furthermore, fees associated with transactions can also impact the available balance. Coinbase charges fees for various actions, such as buying, selling, and transferring digital currencies. These fees can reduce the available balance. Lastly, any pending transactions or holds on the account can temporarily affect the available balance until they are resolved.
  • avatarDec 18, 2021 · 3 years ago
    The available balance of digital currencies on Coinbase can be influenced by various factors. One of the main factors is the number and size of transactions. If there are many large transactions, it can decrease the available balance. Additionally, fees associated with transactions can also impact the available balance. Coinbase charges fees for different actions, such as buying, selling, and transferring digital currencies. These fees can reduce the available balance. Lastly, any pending transactions or holds on the account can temporarily affect the available balance until they are resolved. It's important to keep these factors in mind when managing your available balance on Coinbase.