How much time does it usually take for funds to move from BitMEX to Binance?
Michelle GordonJan 24, 2022 · 3 years ago3 answers
Can you provide an estimate of the typical duration for funds to be transferred from BitMEX to Binance?
3 answers
- Jan 24, 2022 · 3 years agoThe time it takes for funds to move from BitMEX to Binance can vary depending on several factors. Generally, it can take anywhere from a few minutes to a few hours. This timeframe includes the processing time on both exchanges and the confirmation time required for the blockchain network. It's important to note that network congestion and high transaction volumes can sometimes cause delays in the transfer process. Additionally, factors such as the chosen withdrawal method and the level of network fees can also impact the transfer time.
- Jan 24, 2022 · 3 years agoTransferring funds from BitMEX to Binance usually takes around 10-30 minutes. However, please keep in mind that this is just an estimate and the actual transfer time may vary. It's recommended to check the transaction status on both exchanges to get the most accurate information about your specific transfer.
- Jan 24, 2022 · 3 years agoWhen it comes to transferring funds from BitMEX to Binance, it's important to consider the processing time and network confirmations. Typically, BitMEX processes withdrawals within 30 minutes, and Binance requires 2 network confirmations, which can take around 10-20 minutes. Therefore, the total transfer time can range from 40 minutes to 1 hour. However, please note that these times are subject to change based on network conditions and transaction volumes. For the most up-to-date information, it's recommended to check the respective exchange websites or contact their customer support.
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