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How long does it typically take to send Bitcoin from GDAX to Binance?

avatarNshuti Remezo ThierryJan 02, 2022 · 3 years ago3 answers

Can you tell me the average time it usually takes to send Bitcoin from GDAX to Binance? I'm considering transferring some Bitcoin between these two exchanges and I want to know how long I should expect the process to take.

How long does it typically take to send Bitcoin from GDAX to Binance?

3 answers

  • avatarJan 02, 2022 · 3 years ago
    The time it takes to send Bitcoin from GDAX to Binance can vary depending on network congestion and other factors. On average, it usually takes around 10-30 minutes for the transaction to be confirmed and for the Bitcoin to appear in your Binance account. However, during times of high network activity, it can take longer, sometimes up to a few hours. It's always a good idea to check the current network conditions and transaction fees before initiating the transfer.
  • avatarJan 02, 2022 · 3 years ago
    Sending Bitcoin from GDAX to Binance typically takes anywhere from a few minutes to an hour. The actual time can depend on various factors such as network congestion and the transaction fee you set. If you want your transaction to be confirmed faster, you can choose to pay a higher fee. Keep in mind that Bitcoin transactions are usually considered confirmed after receiving 6 confirmations, which can take around 1 hour. So, it's best to plan accordingly and allow for some extra time.
  • avatarJan 02, 2022 · 3 years ago
    When sending Bitcoin from GDAX to Binance, the transfer time can vary. In general, it takes around 10-30 minutes for the transaction to be confirmed and for the Bitcoin to show up in your Binance account. However, please note that this is just an estimate and the actual time can be longer or shorter depending on network conditions. It's always a good idea to check the current network status and transaction fees before initiating the transfer. If you need the Bitcoin to be transferred quickly, you can choose a higher transaction fee to prioritize your transaction in the network.