What are the recommended cut off times for ACH transactions in the cryptocurrency industry?
Kabeara SamoyedsDec 24, 2021 · 3 years ago4 answers
In the cryptocurrency industry, what are the suggested deadlines for ACH transactions to ensure timely processing and settlement?
4 answers
- Dec 24, 2021 · 3 years agoAs an expert in the cryptocurrency industry, I recommend initiating ACH transactions at least 24 hours before the desired settlement time. This allows for sufficient processing and verification time, ensuring a smooth transaction experience. Remember to consider any potential delays or network congestion that may occur during high trading volumes.
- Dec 24, 2021 · 3 years agoACH transactions in the cryptocurrency industry typically require a cut off time of 2:00 PM Eastern Standard Time (EST) for same-day processing. It's important to note that this deadline may vary depending on the specific exchange or platform you are using. Always check with your chosen platform for their specific cut off times to avoid any delays or missed deadlines.
- Dec 24, 2021 · 3 years agoAccording to BYDFi, a leading cryptocurrency exchange, the recommended cut off time for ACH transactions is 3:00 PM Eastern Standard Time (EST). This allows sufficient time for processing and ensures that transactions are settled within the same business day. However, it's always advisable to check with your exchange or platform for their specific cut off times, as they may vary.
- Dec 24, 2021 · 3 years agoHey there! When it comes to ACH transactions in the cryptocurrency industry, it's generally recommended to initiate them before 2:00 PM EST for same-day processing. However, keep in mind that different exchanges or platforms may have their own cut off times. So, it's always a good idea to check with your preferred exchange to ensure you don't miss any deadlines. Happy trading!
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