What is the average time it takes to complete an international money transfer with cryptocurrencies?

3 answers

• Mar 22, 2022 · 3 years ago
  The average time it takes to complete an international money transfer with cryptocurrencies can vary depending on several factors. Generally, it can take anywhere from a few minutes to a few hours for the transaction to be confirmed and the funds to be transferred. However, it's important to note that this timeframe can be influenced by the specific cryptocurrency being used, the network congestion, and the transaction fees paid. Additionally, the time it takes for the recipient to receive the funds can also depend on their own wallet setup and the processing times of their chosen exchange or wallet provider.
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• Mar 22, 2022 · 3 years ago
  When it comes to international money transfers with cryptocurrencies, the average time can be quite impressive. In most cases, transactions are confirmed within minutes, allowing for near-instantaneous transfers of funds across borders. This is one of the key advantages of using cryptocurrencies for international transfers, as it eliminates the need for traditional banking intermediaries and their associated delays. However, it's worth noting that the actual time it takes for the recipient to access the funds can still vary depending on their chosen exchange or wallet provider.
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• Mar 22, 2022 · 3 years ago
  Based on our experience at BYDFi, the average time it takes to complete an international money transfer with cryptocurrencies is typically around 10-30 minutes. This includes the time it takes for the transaction to be confirmed on the blockchain and for the funds to be credited to the recipient's account. However, it's important to keep in mind that this is just an average and actual transfer times can vary depending on network congestion and other factors. It's always a good idea to check with your chosen exchange or wallet provider for more specific information on transfer times.
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