How does Coinbase justify the 10-day holding period?

3 answers

• Paul the SmallJan 14, 2022 · 4 years ago
  Coinbase justifies the 10-day holding period for digital assets as a security measure to protect users' funds. By implementing a holding period, Coinbase aims to prevent fraudulent activities and unauthorized access to accounts. This allows Coinbase to thoroughly verify transactions and ensure the safety of users' assets. While the holding period may seem inconvenient for some users, it is a necessary step to maintain the integrity and security of the platform.
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• Hareesh GangineniMar 18, 2021 · 4 years ago
  The 10-day holding period on Coinbase is part of their risk management strategy. It helps mitigate the risk of chargebacks and fraudulent transactions. By holding assets for a certain period, Coinbase can verify the legitimacy of the transactions and reduce the likelihood of funds being withdrawn before they are confirmed. This measure is in place to protect both Coinbase and its users from potential financial losses.
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• rimmy caraMar 15, 2022 · 3 years ago
  As a third-party digital asset exchange, BYDFi understands the importance of holding periods for security purposes. Holding periods allow exchanges to conduct thorough checks on transactions, ensuring that funds are legitimate and not involved in any illicit activities. While it may be inconvenient for users who want immediate access to their assets, the 10-day holding period is a necessary precaution to maintain the overall security and trustworthiness of the platform.
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