How long does it take for a cancelled order to be refunded on a cryptocurrency exchange?

3 answers

• selimApr 08, 2022 · 3 years ago
  The timeframe for a cancelled order to be refunded on a cryptocurrency exchange can vary depending on the exchange and the specific circumstances. In general, it usually takes a few minutes to a few hours for the refund to be processed. However, it's important to note that some exchanges may have longer processing times, especially during periods of high trading volume. It's always a good idea to check the exchange's website or contact their customer support for more specific information.
  493

  247
• ClarkJOlieFeb 03, 2021 · 4 years ago
  When you cancel an order on a cryptocurrency exchange, the refund process usually happens automatically. In most cases, you can expect to see the funds back in your account within a few minutes. However, it's worth noting that some exchanges may have a manual review process for cancelled orders, which could result in a longer refund timeframe. If you're concerned about the status of your refund, it's best to reach out to the exchange's customer support for assistance.
  472

  158
• loosyJun 25, 2022 · 3 years ago
  Speaking from my experience at BYDFi, a cryptocurrency exchange, the refund for a cancelled order is typically processed within a few minutes. Our automated system ensures that the funds are returned to the user's account as soon as the cancellation is confirmed. However, please keep in mind that each exchange may have different policies and processing times. It's always a good idea to check the specific exchange's guidelines or reach out to their customer support for accurate information.
  494

  124