Coinbase, Exchanges

Why Are Coinbase Holds So Long?

Since Coinbase is a regulated financial institution, it is required to follow KYC/AML rules. That means when you make a deposit, they have to verify your identity and make sure you’re not laundering money.

This process can take a few days, which is why there are often delays in getting your funds deposited.

NOTE: WARNING: Coinbase holds can take longer than expected. Depending on the amount of funds being held and the type of cryptocurrency being transacted, it can take up to several days for a hold to be released. Additionally, Coinbase may place additional holds on transactions to ensure the safety of users’ funds. To avoid unnecessary delays, please ensure that all information submitted with a transaction is accurate and up-to-date.

Coinbase has been working on improving their KYC/AML processes, and they’ve recently launched a new feature that allows you to instantly verify your identity using your webcam. However, this feature is only available to users in certain countries at the moment.

It’s also worth noting that Coinbase has been facing some issues with their bank partners recently, which has caused delays in deposits and withdrawals for some users. They are working on resolving these issues, but it may take some time.

In conclusion, Coinbase holds can be long because of the KYC/AML process and recent issues with bank partners. However, Coinbase is working on improving their processes and resolving the issues so that users can get their funds more quickly in the future.

Previous ArticleNext Article