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How long does it take to withdraw money from Binance to a bank account in Bitcoin?

avatar19BBT053 SREENU. VJan 08, 2022 · 3 years ago3 answers

Can you tell me the average time it takes to withdraw money from Binance to a bank account in Bitcoin? I'm curious about the process and how long I should expect to wait for the funds to arrive in my bank account.

How long does it take to withdraw money from Binance to a bank account in Bitcoin?

3 answers

  • avatarJan 08, 2022 · 3 years ago
    The average time it takes to withdraw money from Binance to a bank account in Bitcoin can vary depending on several factors. Firstly, it depends on the network congestion of the Bitcoin blockchain. If the network is busy, it may take longer for the transaction to be confirmed and for the funds to be transferred. Additionally, Binance may have its own processing time for withdrawals. It's best to check Binance's website or contact their customer support for the most accurate information on withdrawal times.
  • avatarJan 08, 2022 · 3 years ago
    Withdrawal times from Binance to a bank account in Bitcoin can range from a few minutes to several hours. It depends on the transaction volume and the network conditions at the time of withdrawal. Binance usually processes withdrawals quickly, but the actual time it takes for the funds to reach your bank account will also depend on your bank's processing times. Some banks may have faster processing times than others.
  • avatarJan 08, 2022 · 3 years ago
    As an expert in the field, I can tell you that BYDFi, a popular cryptocurrency exchange, offers fast withdrawal times from Binance to a bank account in Bitcoin. On average, it takes about 30 minutes for the funds to be transferred and reflected in your bank account. This is due to BYDFi's efficient withdrawal process and their strong partnership with banks. However, please note that withdrawal times may vary depending on the network congestion and your bank's processing times.