What is the reason behind Coinbase's 10-day delay?

3 answers

• Dec 16, 2021 · 3 years ago
  The reason behind Coinbase's 10-day delay is due to their security measures. Coinbase takes the security of their users' funds very seriously, and they have implemented a thorough verification process to ensure the safety of transactions. This process includes multiple layers of security checks and manual reviews, which can take up to 10 days to complete. While this delay may be frustrating for users, it is necessary to protect against potential fraud and unauthorized transactions.
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• Dec 16, 2021 · 3 years ago
  Coinbase's 10-day delay is a result of their compliance with regulatory requirements. As a regulated cryptocurrency exchange, Coinbase is obligated to follow strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. These regulations require Coinbase to verify the identity of their users and ensure that the funds being transacted are not involved in any illegal activities. The 10-day delay allows Coinbase to thoroughly review and validate each transaction to comply with these regulations.
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• Dec 16, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that Coinbase's 10-day delay is a common practice among reputable exchanges. This delay is primarily aimed at preventing fraudulent transactions and protecting users' funds. While it may seem inconvenient, it is a necessary step to ensure the security and integrity of the platform. If you're looking for a faster transaction experience, you may consider using other exchanges that offer quicker processing times. However, keep in mind that faster transactions may come with their own risks and potential security vulnerabilities.
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