can't move btc for 17 days?

[Rita G.]

Thank you nc50lc.
Worked perfectly! 

[Rita G.]

Ok, so I sold some BTC and sent the profit to my bank . .
Is it safe to leave USD on the (Coinbase) exchange until I want to buy again? . . or do I have to put it back in the bank again and wait another 17 days before I can buy more BTC?

[nc50lc]

You're trading using the Coinbase not 'Coinbase Pro'?
That's very inefficient, even with the huge difference of price when you bought them; not to mention the withdrawal fee.

As for your query: It's relatively safe, they will handle the keys and thus the security of your funds for you in exchange for "trusting" them (newbie-friendly way to hodl).
The problem is the risk of locking your funds, they may issue a higher KYC requirement once you've reached a higher accumulated deposits.
If you're fine risking that amount, you can keep it there.
If not, send it to your Electrum on a very safe PC or a hardware wallet like Trezor/Ledger.

P.S: This is getting off-topic with the OP, you should consider creating a new thread about the this topic and lock this one using the "lock" button below (lower-left).

[leoqe]

I recently put money into coinbase exchange for btc, and wanted to put btc in a wallet but was unable to. It said for 17 days!
Is this normal?

Coinbase is, as far as I know, a reliable service. The fact that you have such a problem is not normal. In such cases, you need to immediately write to support, then the problem is solved quickly. I had similar situations, and when it comes to your money, it’s not as fun as it seems from the outside.

[Rita G.]

If not, send it to your Electrum on a very safe PC or a hardware wallet like Trezor/Ledger.

Can you keep USD's on electrum?

[nc50lc]

If not, send it to your Electrum on a very safe PC or a hardware wallet like Trezor/Ledger.

Can you keep USD's on electrum?

No, sry I didn't noticed the "USD".
So if it's in fiat, the only choice you have is to keep it in Coinbase. Sending back to your Bank isn't necessary unless if it will take a while before you decide to trade again.

[Rita G.]

Thank you nc50lc.
So, would I be correct in assuming it is safe to keep fiat on the exchange ‘wallet’, but not crypto?

[nc50lc]

Thank you nc50lc.
So, would I be correct in assuming it is safe to keep fiat on the exchange ‘wallet’, but not crypto?

It's the same for fiat and crypto, it's just not totally necessary to send it back to your bank if you're going to trade later.
The difference is if it's crypto, you have a better choice than holding it in an Exchange
because you will have the full control of your funds if you have the private keys of your addresses (in a desktop wallet).

Don't worry, Coinbase so far is doing a good job on keeping hackers at bay,
the most probable issue that you might face in the future is the one I've mentioned in my previous reply.

[Rita G.]

Thanks again nc50lc,

You're trading using the Coinbase not 'Coinbase Pro'?

Wow, just looked at the 'pro' exchange. That thing looks frightening with all those numbers jumping around!
Anywhere I could find tutorials/info on how to use that thing?

[TryNinja]

Wow, just looked at the 'pro' exchange. That thing looks frightening with all those numbers jumping around!
Anywhere I could find tutorials/info on how to use that thing?

The video I linked above which you apparently didn’t see yet... She shows how to use the Coinbase Pro to avoid fees over the normal Coinbase.

[Rita G.]

Thanks TN
I'll check it out.