Cryptocurrency Q&A
What is the Kraken 72 hour rule?
What is the Kraken 72 hour rule?
EchoWhisper
Fri Mar 29 2024
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6 answers
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Could you please explain the Kraken 72-hour rule to me? I've heard it mentioned in a few discussions about cryptocurrency trading, but I'm not entirely sure what it means or how it works. Is it a safety measure? Does it apply to all transactions on the Kraken platform? And what happens if someone tries to withdraw funds within the 72-hour period? Your insights would be greatly appreciated.
6 answers
DigitalLegend
Sun Mar 31 2024
Payments made through Paypal, debit cards, or credit cards also fall under this category.
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MatthewThomas
Sun Mar 31 2024
Digital wallet purchases are not exempted from this temporary withdrawal hold.
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Andrea
Sun Mar 31 2024
Certain deposits made through various payment methods trigger a temporary withdrawal hold on the account.
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DongdaemunTrendsetting
Sun Mar 31 2024
This temporary withdrawal hold lasts for 72 hours and is implemented for security purposes.
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Gianluca
Sun Mar 31 2024
BTCC, a UK-based cryptocurrency exchange, offers a secure platform for crypto transactions.
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