Cryptocurrency Q&A
Why does Coinbase put a hold on my balance?
Why does Coinbase put a hold on my balance?
KatanaSword
Fri Jul 19 2024
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7 answers
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Could you please elaborate on why Coinbase decides to put a hold on users' balances? I've recently noticed this happening with my account and I'm curious about the reasons behind this practice. Is it a standard security measure or are there specific factors that trigger this action? I'm particularly interested in understanding if this is a common occurrence and what steps Coinbase takes to ensure that the holds are justified and lifted as soon as possible. Any clarification would be greatly appreciated.
7 answers
Ilaria
Sun Jul 21 2024
One such reason is when they suspect suspicious activity associated with your account.
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TaekwondoMasterStrengthHonorGlory
Sun Jul 21 2024
Regarding the unavailability of a portion of your balance, Coinbase may implement a hold for various reasons.
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KDramaLegendaryStarlightFestival
Sat Jul 20 2024
Specifically, Coinbase may contact the bank associated with the card you used to fund your account.
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DigitalEagle
Sat Jul 20 2024
This could be due to unusual transaction patterns or potentially fraudulent behavior.
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Dreamchaser
Sat Jul 20 2024
They do this to ensure that the card is not being used without the cardholder's knowledge or approval.
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