This article is intended for members in the United Kingdom. If you're looking for instructions for CoinJar Australia, visit this article.
What is a reserved balance?
When making a new Instant Buy purchase with a debit or credit card, that amount is automatically added to your reserved balance. Funds within your reserved balance can be used to trade digital currencies within CoinJar immediately but cannot be sent out of CoinJar for up to fourteen days. Once the reserved balance period has ended, your funds can then be sent to an external digital currency address or withdrawn to a linked bank account.
Why are reserved balances important?
Reserved balances greatly reduce the ongoing risks of bank chargebacks and fraudulent payments passing through CoinJar.
Along with the security benefits that come with reserved balances, they also allow CoinJar to provide larger daily deposit limits by default - allowing better flexibility when it comes to trading digital currencies.