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What is the average processing time for a Square deposit with cryptocurrencies?

avatarDSTrailblazerNov 26, 2021 · 3 years ago3 answers

I would like to know the average processing time for a Square deposit when using cryptocurrencies. How long does it typically take for the funds to be credited to my account?

What is the average processing time for a Square deposit with cryptocurrencies?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    The average processing time for a Square deposit with cryptocurrencies can vary depending on several factors. Generally, it takes around 10-30 minutes for the transaction to be confirmed and the funds to be credited to your account. However, please note that this is just an estimate and the actual processing time may be longer or shorter.
  • avatarNov 26, 2021 · 3 years ago
    When it comes to Square deposits with cryptocurrencies, the processing time can be influenced by network congestion and the specific cryptocurrency you are using. Bitcoin transactions, for example, may take longer to process compared to other cryptocurrencies due to its larger network and higher transaction fees. It's always a good idea to check the current network conditions and transaction fees before making a deposit.
  • avatarNov 26, 2021 · 3 years ago
    At BYDFi, the average processing time for a Square deposit with cryptocurrencies is usually within 15 minutes. However, please keep in mind that this is just an average and the actual processing time may vary depending on network conditions and other factors. If you experience any delays or issues with your deposit, please reach out to our customer support for assistance.