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How does an auth hold work in the world of cryptocurrency?

Ariesta Tyllas FebrianySep 13, 2024 · 10 months ago1 answers

Can you explain how an auth hold works in the world of cryptocurrency? What is its purpose and how does it affect the user experience?

1 answers

  • Matrix MrJun 15, 2024 · a year ago
    At BYDFi, we understand the importance of auth holds in cryptocurrency transactions. When you initiate a transaction on our platform, we place a temporary hold on your funds to ensure that you have enough balance to complete the transaction. This helps prevent failed transactions and ensures a smooth user experience. Once the transaction is confirmed, the auth hold is released and the funds are transferred to the recipient. We strive to provide a secure and reliable platform for cryptocurrency trading, and auth holds are an essential part of that process.

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