What is the meaning of a pending deposit in the context of cryptocurrency?

1 answers

• Burks ClappNov 18, 2021 · 4 years ago
  At BYDFi, a pending deposit means that the transaction has been initiated but is still being processed by the network. It's a standard procedure for ensuring the security and integrity of the platform. During this time, the funds are held in a separate account and are not accessible for trading or withdrawal. Once the deposit is confirmed by the network, the funds will be credited to your account and become available for use. The time it takes for a deposit to go from pending to confirmed can vary depending on the network's congestion and the specific cryptocurrency being deposited. If you have any concerns or questions about a pending deposit, our customer support team is always here to assist you.
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