How long is MogoCrypto’s withdraw hold period?

Last Updated: Apr 24, 2018 01:48PM PDT

MogoCrypto’s withdraw hold period is three days and starts as soon as you have completed a fund. The amount funded is subject to a withdraw hold period, after which point you can withdraw your money to any major Canadian bank. This withdraw hold period only applies to money you deposit into MogoCrypto and not money made on a bitcoin sale.

For example, if you funded $500 to MogoCrypto on January 2nd, you wouldn’t be able to withdraw this $500 until January 5th as it would be subject to the withdraw hold period. However, if you used this $500 before January 5th to buy bitcoins and made a $60 profit on January 3rd, for example, the $60 profit can be withdrawn right away, i.e. no withdraw hold period in that scenario.

Note: If it’s your first time withdrawing money from MogoCrypto or if you’ve recently changed your banking information, you’ll be asked to verify your bank account. Learn more here.

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