What is the waiting period for sending Bitcoin after purchasing it on Coinbase?
McDermott KragAug 14, 2020 · 5 years ago3 answers
After purchasing Bitcoin on Coinbase, how long do I need to wait before I can send it to another wallet?
3 answers
- Seun AkintelureApr 14, 2021 · 5 years agoOnce you purchase Bitcoin on Coinbase, there is typically a waiting period of 3-5 business days before you can send it to another wallet. This waiting period is due to the security measures in place to prevent fraud and unauthorized transactions. During this time, Coinbase verifies the transaction and ensures that the funds are available. Once the waiting period is over, you can freely send your Bitcoin to any wallet of your choice.
- Gaurav GuptaMar 05, 2023 · 3 years agoWhen you buy Bitcoin on Coinbase, you'll need to wait for a few days before you can transfer it to another wallet. This waiting period is necessary to ensure the security of the transaction and prevent any fraudulent activities. It usually takes around 3-5 business days for the waiting period to end. After that, you can send your Bitcoin to any wallet you want and use it for whatever purpose you have in mind.
- AnatoliJul 12, 2024 · 2 years agoAfter purchasing Bitcoin on Coinbase, there is a waiting period of 3-5 business days before you can send it to another wallet. This waiting period is a security measure implemented by Coinbase to protect users from unauthorized transactions and potential fraud. During this time, Coinbase verifies the transaction and ensures that the funds are legitimate. Once the waiting period is over, you can transfer your Bitcoin to any wallet you choose, giving you full control over your digital assets.
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