What happens to the available balance on Coinbase during a cryptocurrency transaction?

10 answers

• Mohamed FarhoudAug 10, 2023 · 2 years ago
  When you initiate a cryptocurrency transaction on Coinbase, the available balance in your account will be temporarily reduced. This is because the transaction needs to be confirmed and added to the blockchain. Once the transaction is confirmed, the available balance will be updated to reflect the new balance after the transaction.
  332

  166
• Anthony GarciaFeb 06, 2023 · 3 years ago
  During a cryptocurrency transaction on Coinbase, your available balance will be put on hold until the transaction is confirmed. This is to ensure that the transaction is valid and cannot be double-spent. Once the transaction is confirmed, the available balance will be updated accordingly.
  289

  97
• TechVillainDec 07, 2024 · a year ago
  During a cryptocurrency transaction on Coinbase, your available balance will be temporarily reduced until the transaction is confirmed. This is a standard security measure to prevent any potential fraud or double-spending. Once the transaction is confirmed, your available balance will be updated to reflect the new balance.
  324

  81
• Prasanna BMar 01, 2021 · 5 years ago
  During a cryptocurrency transaction on Coinbase, your available balance will be temporarily deducted until the transaction is confirmed. This is to prevent any potential double-spending and ensure the integrity of the transaction. Once the transaction is confirmed, your available balance will be adjusted accordingly.
  318

  64
• C_MAug 24, 2024 · a year ago
  When you perform a cryptocurrency transaction on Coinbase, your available balance will be temporarily decreased until the transaction is confirmed. This is a necessary step to prevent any fraudulent activities and ensure the security of the transaction. Once the transaction is confirmed, your available balance will be updated to reflect the new balance.
  355

  60
• Sarath PAug 30, 2020 · 5 years ago
  During a cryptocurrency transaction on Coinbase, your available balance will be temporarily reduced until the transaction is confirmed. This is a standard practice to prevent any potential issues and ensure the accuracy of the transaction. Once the transaction is confirmed, your available balance will be adjusted accordingly.
  327

  47
• Bank HessMay 11, 2021 · 4 years ago
  During a cryptocurrency transaction on Coinbase, your available balance will be put on hold until the transaction is confirmed. This is to ensure the transaction's validity and prevent any potential fraud. Once the transaction is confirmed, your available balance will be updated to reflect the new balance.
  307

  39
• Tiago AlencarJul 03, 2020 · 5 years ago
  When you make a cryptocurrency transaction on Coinbase, your available balance will be temporarily deducted until the transaction is confirmed. This is done to maintain the integrity of the transaction and prevent any possible double-spending. Once the transaction is confirmed, your available balance will be adjusted accordingly.
  331

  37
• Kara CanJun 13, 2020 · 5 years ago
  During a cryptocurrency transaction on Coinbase, your available balance will be temporarily reduced until the transaction is confirmed. This is a security measure to prevent any potential issues and ensure the smooth execution of the transaction. Once the transaction is confirmed, your available balance will be updated to reflect the new balance.
  348

  35
• Ritter NiebuhrApr 21, 2021 · 5 years ago
  During a cryptocurrency transaction on Coinbase, your available balance will be put on hold until the transaction is confirmed. This is a standard procedure to ensure the transaction's validity and prevent any potential fraud. Once the transaction is confirmed, your available balance will be adjusted accordingly.
  314

  29