What is the average duration for Square to hold funds from cryptocurrency sales?

3 answers

• SummerCodaMay 02, 2021 · 4 years ago
  Sure! Square usually holds funds from cryptocurrency sales for an average duration of 1-2 business days. This allows them to verify the transaction and ensure the funds are secure before releasing them to the seller. It's a standard practice in the industry to prevent fraud and protect both buyers and sellers. So, you can expect your funds to be available within a couple of days.
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• Pejman2 PakniaJul 10, 2023 · 2 years ago
  Well, when it comes to Square and their cryptocurrency sales, they usually hold the funds for about 1-2 business days. It's not too long of a wait, considering the security measures they have in place. They want to make sure everything is legitimate and prevent any potential issues. So, just be patient and your funds will be released soon enough.
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• Lucy Bernice MensahOct 15, 2024 · 9 months ago
  According to my knowledge, Square holds funds from cryptocurrency sales for an average duration of 1-2 business days. This is to ensure the security of the transaction and protect both parties involved. It's a standard practice in the industry and helps prevent any fraudulent activities. So, if you're using Square for your cryptocurrency sales, expect a short hold period before you can access your funds.
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