common-close-0
BYDFi
Trade wherever you are!

How long does it usually take to move Bitcoin Cash from an exchange to a bank?

avatarKaushik PrabhathDec 26, 2021 · 3 years ago3 answers

Can you provide an estimate of the typical time it takes to transfer Bitcoin Cash from a cryptocurrency exchange to a traditional bank account? I'm interested in knowing the average duration for this process.

How long does it usually take to move Bitcoin Cash from an exchange to a bank?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    The time it takes to move Bitcoin Cash from an exchange to a bank can vary depending on several factors. Generally, it can take anywhere from a few minutes to a few hours for the transaction to be confirmed on the blockchain. However, the actual time it takes for the funds to be credited to your bank account can depend on the processing time of the exchange and your bank. Some exchanges may process withdrawals quickly, while others may have longer processing times. Similarly, some banks may credit the funds immediately, while others may take a few business days. It's best to check with your exchange and bank for more accurate estimates.
  • avatarDec 26, 2021 · 3 years ago
    Moving Bitcoin Cash from an exchange to a bank usually takes around 30 minutes to 1 hour. This includes the time it takes for the transaction to be confirmed on the blockchain and for the funds to be credited to your bank account. However, please note that this is just an average estimate and the actual time may vary depending on the exchange and bank you are using. It's always a good idea to check with your specific exchange and bank for more precise information.
  • avatarDec 26, 2021 · 3 years ago
    Based on my experience with BYDFi, it typically takes about 1-2 hours to transfer Bitcoin Cash from the exchange to a bank account. This includes the time for the transaction to be confirmed on the blockchain and for the funds to be credited to the bank account. However, please note that the actual time may vary depending on the network congestion and the processing time of the bank. It's always recommended to check with your exchange and bank for the most up-to-date information on transfer times.