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My transfer between exchanges was delayed

The situation

Avery moved bitcoin from one FCA-registered exchange to another. The transfer was held for extra checks.

An illustrative example with an invented name, not a real case.

Quick answer

Under the Travel Rule, exchanges may collect sender and recipient information for crypto transfers. Delays are common for compliance — not always a scam.

What to do

  1. Provide requested wallet ownership information
  2. Verify both platforms on the FCA register
  3. Keep transfer records for tax — moving between your accounts is not a disposal

Not financial or tax advice. Updated June 2026.