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Why is there a waiting period on Coinbase?

Posted on August 10, 2022 by Author

Why is there a waiting period on Coinbase?

In order to provide increased security, the Coinbase vault requires verification from the 2 email addresses that were associated with the vault when it was created, as well as a 48-hour waiting period after the withdrawal has been approved by both email addresses, before the transfer from the vault will take place.

Why is my new Coinbase account restricted?

Your Coinbase account is restricted because your country does not support certain features on the exchange (e.g. selling crypto). It could also mean that you haven’t verified your identity or you’ve violated Coinbase’s User Agreement.

Why is there a hold on Coinbase?

If you’re seeing Funds on Hold, it means that these funds are subject to a Coinbase cashout hold and cannot be transferred to Coinbase Pro yet. Although you can use these funds to buy or sell on Coinbase.com (not on Coinbase Pro), transfers or cashouts are restricted until the hold period is done.

How do you accelerate withdrawals on Coinbase?

From the Coinbase website, use the Accelerate Withdrawal button to complete ID verification, including a photo taken of your face. This step must be completed to accelerate every delayed withdrawal or send, despite having an approved ID and selfie uploaded. Once completed, your transaction will be sent.

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Can I have 2 Coinbase accounts?

How many accounts can I have? A single individual may only have one account with Coinbase Pro. If you already have a Coinbase account and would like to open a Coinbase Pro account, please use the same login email address in order to not violate this policy.

Why doesn’t my Coinbase account qualify to hold a cash balance?

If you see a pop-up notification stating your accout isn’t qualified to hold a cash balance, you are currently unable to sell your crypto in exchange for any local currencies on Coinbase. However, you do have the ability to sell crypto for local currencies into your PayPal account.

Is Coinbase Pro instant?

Purchases made using a debit card or the USD wallet are made available instantly. When using bank transfers, the ACH bank transfer system is used for payments with your bank account.

Does Coinbase do instant withdrawal?

Instant Card Cashout allow eligible Coinbase customers to instantly cash out from your local currency wallet directly to your Visa Fast Funds-enabled credit and debit cards.

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How long is Coinbase hold?

US Customers The ACH bank transfer system is used for payments with your bank account and typically takes 3-5 business days* to complete after initiating a purchase. The timing will be displayed prior to confirming your order.

Does Coinbase hold Bitcoin?

Coinbase currently holds 4,487 Bitcoin, which confused many, as it is the most prominent crypto exchange in the US, yet it holds less than non-crypto-related companies on this list. The Coinbase website boasts 56 million verified users, $335 million in quarterly trade volume and $223 billion of assets on the platform.

What is the 48-hour hold period for cryptocurrency?

Important Note: The 48-hour hold period only applies to address use and does not apply to your cryptocurrency. You can still buy, sell, or withdraw fiat to addresses already whitelisted. How do I withdraw crypto using a Whitelisted Address Book?

What happens after the 48-hour hold period ends?

After the 48-hour hold period ends you will be able to withdraw crypto to new addresses. As this is a security feature, you may not withdraw crypto to this address during the 48-hour hold period. Have a security concern?

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What is the 48-hour hold period for address book whitelisting?

After the initial 8 hour window: Any new address you want to add to your Address Book must go through a 48-hour hold period for security before it is fully whitelisted and available for withdrawals To disable Whitelisting: There will be a 48-hour hold period before Whitelisting is disabled in which Whitelisting is still enabled

How do I withdraw crypto from Coinbase to an external address?

For users with Whitelisting enabled on Pro, crypto withdrawals from Coinbase.com to external addresses will be restricted only to the crypto addresses saved in the Address Book on Pro. If you wish to withdraw crypto to an address not whitelisted in your Address Book, add this new address to your Address Book (see below for more help).

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