My question is With my first bitcoin purchase from my debit card. Is there a 10 day hold? I cannot seem to find how long the hold is.
Also if EVERYTIME from here on if I purchase BTC through Binance.us will there be a hold on my funds everytime? Or as long as I use the same card next time. Can I withdraw immediately?
I hope this is the right section for this. Its the closest I could find!
according to this post, there is a 10 day hold:
https://www.reddit.com/r/Bitcoin/comments/fqwwgx/do_i_really_have_to_wait_10_freaking_days_to_send/I’m trying to deposit to my binance US account (which has different regulations than regular Binance). I’m trying to deposit via debit card or ACH. But both are saying “you can only withdraw your funds (including the equivalent crypto) from ACH and debit card deposits after 10 days”.
a 10 day hold on debit/credit cards is standard. the same policy applies at coinbase.
i'm really surprised to see binance.us applies the same hold to ACH deposits. i've never seen that before. i was about to recommend switching to ACH to avoid this.
you should still switch to ACH to avoid those massive 3.4% debit card deposit fees.