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

10 answers

• Mohamed FarhoudJul 05, 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.
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• Anthony GarciaFeb 20, 2022 · 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 that the transaction is valid and cannot be double-spent. Once the transaction is confirmed, the available balance will be updated accordingly.
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• TechVillainJun 29, 2021 · 4 years 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.
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• Prasanna BMay 02, 2022 · 4 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.
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• C_MMar 06, 2024 · 2 years 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.
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• Sarath PSep 24, 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 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.
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• Bank HessNov 15, 2022 · 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 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.
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• Tiago AlencarOct 16, 2024 · a year 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.
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• Kara CanDec 26, 2022 · 3 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.
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• Ritter NiebuhrDec 22, 2022 · 3 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.
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