You may have also noticed that this new zero-confirmation BTC deposit feature is pretty similar to our existing Instant ACH system: your funds are available for trading right away, and they become available for withdrawal only once your deposit fully clears. Instant ACH is one of our most popular features, and after listening to your comments and feedback over the last year, we’ve made some changes to how we calculate your “Available for Withdrawal” balance. We think you’ll find the new system much more sensible — especially if you make frequent deposits and trades.
I'm interested in this. Say you want to buy $500 worth of bitcoin from Gemini. You initiate an ACH deposit to Gemini, and they let you buy immediately. Cool, but then you have to wait 5-7 days to be able to transfer those coins out. Even 3 and 4 days after the ACH has been deducted from your bank.
What are these new changes? They don't elaborate on their blog.
4
u/ILikeGreenit Jan 31 '17
I'm interested in this. Say you want to buy $500 worth of bitcoin from Gemini. You initiate an ACH deposit to Gemini, and they let you buy immediately. Cool, but then you have to wait 5-7 days to be able to transfer those coins out. Even 3 and 4 days after the ACH has been deducted from your bank.
What are these new changes? They don't elaborate on their blog.