What are the limitations of ach when it comes to cryptocurrency transactions?

3 answers

• Dec 29, 2021 · 3 years ago
  ACH has several limitations when it comes to cryptocurrency transactions. Firstly, ACH transfers are not instantaneous, and it may take several business days for the funds to be settled. This delay can be a disadvantage in the fast-paced world of cryptocurrencies where prices can change rapidly. Additionally, ACH transfers are subject to transaction limits, which may restrict the amount of cryptocurrency that can be bought or sold in a single transaction. Lastly, ACH transfers are reversible, which means that there is a risk of chargebacks or fraud. This can be a concern for cryptocurrency exchanges that require immediate and irreversible transactions for security reasons.
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• Dec 29, 2021 · 3 years ago
  When it comes to cryptocurrency transactions, ACH has its limitations. One major limitation is the time it takes for ACH transfers to be processed. Unlike blockchain-based transactions, ACH transfers can take several days to complete, which can be frustrating for users who want to take advantage of price movements in the cryptocurrency market. Another limitation is the transaction limits imposed by ACH. These limits can restrict the amount of cryptocurrency that can be bought or sold in a single transaction, which can be problematic for users who want to make large transactions. Lastly, ACH transfers are reversible, which means that there is a risk of chargebacks or fraud. This is a concern for both buyers and sellers in the cryptocurrency market.
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• Dec 29, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that ACH has its limitations when it comes to cryptocurrency transactions. One limitation is the time it takes for ACH transfers to be processed. Unlike blockchain-based transactions that can be completed in minutes, ACH transfers can take several business days to settle. This delay can be a disadvantage for traders who want to take advantage of price movements in the volatile cryptocurrency market. Another limitation is the transaction limits imposed by ACH. These limits can restrict the amount of cryptocurrency that can be bought or sold in a single transaction, which can be frustrating for users who want to make large transactions. Lastly, ACH transfers are reversible, which means that there is a risk of chargebacks or fraud. This is a concern for both buyers and sellers, as it introduces a level of uncertainty and potential financial loss.
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