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How long does it usually take to receive funds after selling digital assets?

avatarShruti SomvanshiDec 28, 2021 · 3 years ago3 answers

When selling digital assets, it's important to know how long it typically takes to receive the funds. Can you provide an estimate of the average time it takes for funds to be credited after selling digital assets?

How long does it usually take to receive funds after selling digital assets?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    The time it takes to receive funds after selling digital assets can vary depending on several factors. In general, it can take anywhere from a few minutes to a few hours for the funds to be credited to your account. This delay is usually due to the time it takes for the transaction to be confirmed on the blockchain. Once the transaction is confirmed, the funds will be available for withdrawal or further trading.
  • avatarDec 28, 2021 · 3 years ago
    When you sell digital assets, the time it takes to receive funds can be influenced by the transaction volume on the blockchain network. During periods of high transaction volume, such as during market volatility or network congestion, it may take longer for the transaction to be confirmed and for the funds to be credited. It's important to be patient and allow for some additional time during these periods.
  • avatarDec 28, 2021 · 3 years ago
    At BYDFi, the average time it takes to receive funds after selling digital assets is approximately 10-15 minutes. This time frame includes the confirmation of the transaction on the blockchain and the processing time within our system. Please note that this is an average estimate and the actual time may vary depending on network conditions and other factors.