What is P2P Withdrawal T+N Restriction?
To enhance transaction security and prevent potential fraud, CoinEx has implemented T+N withdrawal restrictions for funds obtained through P2P purchases. After acquiring cryptocurrency through P2P trading, these funds will be subject to a waiting period (N days) before withdrawal or transfer. This restriction provides necessary buffer time for our risk control system to effectively prevent potential fraud and protect users' funds.
T+N Restriction Details
1. Applicable users: T+N withdrawal restrictions apply to P2P trading users who meet specific conditions.
2. Restricted operations: Funds obtained through P2P purchases are restricted for:
- On-chain withdrawals
- Internal transfers (including C-Box transfers)
- P2P selling
- Merchant order fulfilment
3. Restriction duration(N): The specific duration (N days) is dynamically adjusted based on your account risk status and platform security policies. Please refer to actual notifications for details.
4. Unlock mechanism: When completing a P2P purchase, the system determines the unlock time based on your current T+N status. If the T+N restriction changes (e.g., from T+1 to T+2), the unlock time for pending orders will update accordingly.
Restricted Funds
1. Fund visibility: T+N restricted funds are included in your spot account and available balance, and you may view them in your account.
2. Withdrawal limits: T+N restricted funds are NOT included in your withdrawable balance and can NOT be withdrawn or transferred during the restriction period.
3. Available uses: T+N restricted funds can be used for in-site events and operations, such as crypto trading, financial products, etc.
Checking T+N Status
You can check your T+N restriction status as follows:
1. Upon purchase completion: If your T+N duration changes, the system will notify you via popup after payment confirmation.
2. Regular access: You may view the restriction in your [My Profile] or [Merchant Dashboard].
(1) My Profile:
(2)Merchant Dashboard：
Purposes of T+N Restriction
1. Enhanced security: It helps prevent fraudulent accounts from quickly transferring funds obtained through P2P trading, reducing the risk of asset loss.
2. Risk control: It provides buffer time for the platform's risk control system to identify and handle suspicious activities, maintaining a healthy trading environment.
Contact Us
If you have any questions, please submit a ticket and we will provide further assistance.
Important Note:
CoinEx reserves the right to interpret and modify T+N restrictions based on operational needs. Please refer to the latest announcements and platform notifications for updates.