What is the withdrawal hold on Gemini?

It's important to note that the exact duration of the holding period may vary, depending on various factors such as the amount being withdrawn, the user's account history, and market conditions. Hence, users should expect a holding period of 5-7 days or longer, as mentioned.

Gemini, a renowned cryptocurrency exchange platform, implements a holding period policy for both cryptocurrency and cash withdrawals. This period ranges from 7 to 10 days, ensuring a layer of security and stability for its users.

The primary reason behind this holding period is to prevent fraudulent activities and ensure the legitimacy of transactions. By holding funds for a specific duration, Gemini can conduct necessary checks and verifications, mitigating the risk of scams or unauthorized access.

During this period, users are not permitted to withdraw their cryptocurrency to external wallets or send cash out of their Gemini accounts. This restriction is in place to protect users' assets and maintain the integrity of the platform.

Despite the inconvenience it may cause, this policy underscores Gemini's commitment to providing a secure and trustworthy environment for its users. By prioritizing security over instant access, Gemini ensures that its platform remains a reliable choice for cryptocurrency enthusiasts.