What is the 7-day holding period?
If you recently made a deposit via ACH (USD) or Open Banking (GBP), your funds may be subject to a holding period of up to 7 days.
During this time, you will still be able to use your funds on the Blockchain Exchange to trade as normal. However, during the hold period you will not be able to withdraw the equivalent value of these funds in both Fiat & Crypto.
Why is there a holding period?
To protect your account and to ensure the integrity of our trading system, we may place a hold on funds leaving the platform. This hold period is necessary so that the funds have time to clear. Rest assured, your funds will be available for withdrawal as soon as the holding period is up!
Can I expedite my withdrawal?
At this time we don’t have any way for you to speed up your withdrawal or cut down on the holding period. As we improve our products and security we hope to make it possible for most customers to have more seamless experiences with the product.
For now, though, we’ve implemented a holding period which is designed to protect you, your funds and our funds from fraud. It’s a common practice in the digital asset space, but one that makes security a top priority.