Coinbase, Exchanges

Does Coinbase Have a Waiting Period?

When you first create a Coinbase account, you’ll need to wait a few days before you can buy or sell any digital currency. This is because Coinbase needs to verify your identity and set up a payment method.

If you’re using a debit or credit card to buy digital currency, you may need to wait up to 5 business days for the transaction to go through. This is because your bank needs to approve the purchase.

If you’re using a bank transfer to buy digital currency, it may take up to 5 business days for the funds to arrive in your Coinbase account. Once the funds arrive, you can immediately buy and sell digital currency.

NOTE: WARNING: Coinbase does have a waiting period before users can access their money after buying or selling cryptocurrency. This waiting period varies depending on the payment method used and the amount of cryptocurrency purchased. It is important to be aware of this waiting period and plan accordingly when trading with Coinbase.

Coinbase also has a 3-day holding period for all digital currency purchases. This means that you won’t be able to sell the digital currency immediately after buying it.

The holding period is in place to prevent fraud and protect Coinbase users.

So, does Coinbase have a waiting period? Yes, there is a waiting period for new accounts and for certain types of transactions. However, this waiting period is in place to protect users and prevent fraud.

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