Why is Coinbase holding my funds? (2024)

Coinbase doesn’t allow you to withdraw crypto to your wallet or send your cash out for a holding period of 7-10 days (this number could be longer or shorter). They enforce this holding when you fund your Coinbase account via a linked bank account (ACH). Coinbase claims that this holding period is standard policy to prevent fraud.

How long is the Coinbase holding period?

Coinbase usually enforces this holding period until the ACH transaction from your linked bank account settles, but it could be longer based on many factors as they’ve mentioned in their FAQ page about holding periods:

Hold periods are based on many factors, such as account history, payment activity, and transaction history.

During this holding period, you will be able to buy or sell cryptocurrency within the Coinbase platform but you will not have access to anything onchain - including numerous coins, DeFi protocols, and NFTs that are not available on Coinbase.

Am I the only one facing this holding period?

No. Coinbase enforces this holding period for almost all their users depending on the funding method and account history, a.k.a their risk factors.

How can I avoid Coinbase’s holding period?

The fastest way to avoid the holding period is to buy crypto or fund your Coinbase account via debit card. However, the debit card fees are high and the limits for purchases are low, which means you can only buy small amounts of crypto at high fees.

Instead, you can use Juno to get onchain faster. Fund your account via an external ACH or Cash App or Venmo, buy crypto, and withdraw the crypto to your wallet instantly. The core mission of Juno is to help Americans get onchain faster in an easy-to-use, trusted, and compliant manner.

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