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What is the typical timeframe for cash to become accessible after selling cryptocurrency?

avatarErryl Crespo FelixDec 17, 2021 · 3 years ago3 answers

When selling cryptocurrency, how long does it usually take for the cash to be available for withdrawal?

What is the typical timeframe for cash to become accessible after selling cryptocurrency?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    The typical timeframe for cash to become accessible after selling cryptocurrency can vary depending on the exchange and the payment method you choose. In general, it can take anywhere from a few minutes to several days. Some exchanges offer instant withdrawals to certain payment methods, while others may require additional verification or processing time. It's important to check the withdrawal options and processing times of your specific exchange to get a better idea of how long it might take.
  • avatarDec 17, 2021 · 3 years ago
    Well, it really depends on the exchange you're using and the payment method you've selected. Some exchanges offer instant withdrawals to certain payment methods, which means you can have the cash in your account almost immediately after selling your cryptocurrency. However, other exchanges may have longer processing times, especially if they require additional verification steps. So, it's best to check with your exchange to get an accurate estimate of how long it will take for your cash to become accessible.
  • avatarDec 17, 2021 · 3 years ago
    At BYDFi, the typical timeframe for cash to become accessible after selling cryptocurrency is usually within 24 hours. However, this can vary depending on the volume of transactions and the specific payment method you choose. We strive to process withdrawals as quickly as possible to ensure a smooth experience for our users. If you have any specific questions about the withdrawal process, feel free to reach out to our support team for assistance.