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Why is there a 10-day delay on Coinbase transactions?

tlal1983Jun 05, 2022 · 3 years ago3 answers

Can you explain why there is a 10-day delay on Coinbase transactions? I've noticed that it takes longer compared to other exchanges. Is there a specific reason for this delay?

3 answers

  • srt gmbhNov 09, 2022 · 3 years ago
    The 10-day delay on Coinbase transactions is due to their security measures. Coinbase takes extra precautions to ensure the safety of their users' funds. This delay allows them to thoroughly verify and validate each transaction to prevent fraud and unauthorized access. While it may seem inconvenient, it is a necessary step to protect your assets.
  • Cheshta ChhabraJul 15, 2020 · 5 years ago
    Coinbase's 10-day delay is a security feature designed to protect users from potential fraudulent activities. By implementing this delay, Coinbase can thoroughly review each transaction and identify any suspicious or unauthorized activities. Although it may cause some inconvenience, it ultimately helps maintain the integrity and security of the platform.
  • soumia eliraouiFeb 04, 2023 · 2 years ago
    As an expert in the cryptocurrency industry, I can tell you that Coinbase's 10-day delay is a common practice among reputable exchanges. It is a precautionary measure to prevent unauthorized transactions and ensure the safety of users' funds. While it may seem like a long wait, it is a necessary step to protect your assets and maintain the trust of their user base.