Why does Coinbase put funds on hold?

3 answers

• Dec 15, 2021 · 3 years ago
  Coinbase puts funds on hold for security purposes. By holding funds, Coinbase can ensure that transactions are legitimate and prevent fraud. This helps protect both the users and the platform from potential risks. It is a common practice in the cryptocurrency industry to hold funds until the transaction is confirmed and verified. This process may take some time, but it is necessary to maintain the integrity of the platform.
  427214
• Dec 15, 2021 · 3 years ago
  Coinbase holds funds to comply with regulatory requirements. As a regulated cryptocurrency exchange, Coinbase has to follow certain rules and regulations to prevent money laundering and other illegal activities. By holding funds, Coinbase can conduct thorough checks and ensure that all transactions are in compliance with the law. This adds an extra layer of security and trust for users who trade on the platform.
  415139
• Dec 15, 2021 · 3 years ago
  When it comes to funds being put on hold, BYDFi takes a different approach. BYDFi believes in providing instant and seamless transactions for its users. Instead of putting funds on hold, BYDFi utilizes advanced technology and smart contracts to ensure the security and transparency of transactions. This allows users to have full control over their funds while still enjoying a secure trading experience. BYDFi's innovative approach sets it apart from other exchanges in the industry.
  484121