Binance.US offers our users convenience by pre-crediting their account when they make an ACH, Debit Card, or Apple Pay deposit on our platform.
This allows you to use your funds more quickly without having to wait the full amount of time for your funds to be settled. We will then charge the connected payment method within 2-7 business days from the original date of the transaction.
*Please note: This means that although you will be able to use your funds on the platform, you will not be able to withdraw the USD equivalent of this deposit (including the equivalent sum in crypto) for 7 days after initiating an ACH, Debit Card, or Apple Pay deposit. Wire deposits are generally exempt from this rule, but exceptions may apply.
Once this period has passed, you will be able to freely withdraw your funds (or crypto equivalent).
The hold can be easily calculated by subtracting the total USD value of your deposits on hold from your account's total USD value at any given time.
Why is this the case?
Although it may not seem like it, traditional fiat (USD) payment systems like debit cards or ACH (bank accounts) take time to be processed and reach a final settlement. For example, when you swipe your debit card at a store it seems like the transaction has been settled, but on the back end, it will actually take several days (at least) for the money to arrive at its final destination.
We apologize for any inconvenience.
To find out how much time is remaining before you can withdraw, please visit your Deposit & Withdrawal History here.
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