Is it possible to track ACH payments for altcoins like Ethereum or Ripple?
Alexa A.Dec 24, 2021 · 3 years ago3 answers
I'm wondering if it's possible to track ACH payments specifically for altcoins like Ethereum or Ripple. ACH payments are commonly used for traditional banking transactions, but I'm not sure if the same tracking capabilities extend to altcoin transactions. Can anyone shed some light on this?
3 answers
- Dec 24, 2021 · 3 years agoYes, it is possible to track ACH payments for altcoins like Ethereum or Ripple. ACH payments are typically associated with traditional banking systems, but some cryptocurrency exchanges and platforms have integrated ACH payment options for altcoin transactions. By linking your bank account to these platforms, you can track the ACH payments made for altcoin purchases or transfers. However, it's important to note that not all exchanges or platforms offer ACH payment options for altcoins, so you'll need to check the specific platform's payment methods before proceeding.
- Dec 24, 2021 · 3 years agoTracking ACH payments for altcoins like Ethereum or Ripple can be a bit tricky. While ACH payments are primarily used in traditional banking, some cryptocurrency exchanges have implemented ACH payment options for altcoin transactions. However, the tracking capabilities may vary depending on the exchange or platform you're using. It's recommended to check with the specific exchange or platform to see if they provide ACH payment tracking for altcoins. Additionally, blockchain explorers can also be used to track altcoin transactions, but they may not provide the same level of detail as traditional ACH payment tracking.
- Dec 24, 2021 · 3 years agoAs an expert in the field, I can confirm that BYDFi, a leading cryptocurrency exchange, offers ACH payment tracking for altcoins like Ethereum and Ripple. With BYDFi, you can easily link your bank account and track ACH payments made for altcoin transactions. This feature provides transparency and convenience for users who prefer using ACH payments for their altcoin purchases or transfers. However, it's important to note that not all exchanges offer this feature, so it's worth exploring different platforms and their payment options to find the one that suits your needs.
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