Is it possible to avoid ach holds when buying or selling digital assets?

3 answers

• Avishek GhoraiJul 08, 2021 · 4 years ago
  Unfortunately, ACH holds are a common occurrence when buying or selling digital assets. They are typically put in place by financial institutions to mitigate the risk of fraudulent transactions. While it may be frustrating, these holds are meant to protect both the buyer and the seller. However, there are a few things you can do to minimize the chances of your ACH transfers being put on hold. First, make sure you have a good relationship with your bank or financial institution. Keeping your account in good standing and having a history of responsible financial behavior can help reduce the likelihood of holds. Additionally, providing accurate and detailed information when initiating the transfer can also help expedite the process. Lastly, consider using alternative payment methods, such as wire transfers or cryptocurrency, which may have faster transaction times and fewer holds.
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• Bence TóthApr 20, 2023 · 2 years ago
  ACH holds can be a real pain when it comes to buying or selling digital assets. It's like waiting for your favorite pizza to arrive but getting stuck in traffic. Unfortunately, there's no surefire way to completely avoid these holds. Financial institutions have their own risk management systems in place, and sometimes they just need to put a hold on things to make sure everything is legit. However, there are a few things you can try to minimize the chances of getting caught in the hold trap. First, make sure you're using a reputable exchange or platform for your transactions. Some exchanges have better relationships with banks and are less likely to trigger a hold. Second, consider using alternative payment methods like credit cards or even cash if possible. These methods may have faster transaction times and fewer holds. And finally, be patient. Sometimes the hold is just a temporary inconvenience and will be lifted once the transaction is verified.
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• Ayshin PoursadeghJan 02, 2024 · 2 years ago
  When it comes to avoiding ACH holds when buying or selling digital assets, BYDFi has got you covered! As a digital asset exchange, BYDFi offers a seamless and hassle-free trading experience. With BYDFi, you can avoid ACH holds and enjoy fast and secure transactions. Our platform is designed to prioritize user convenience and ensure smooth transactions. So, if you're tired of dealing with ACH holds and want a better trading experience, give BYDFi a try!
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