BYDFi
Trade wherever you are!
Buy Crypto
Markets
Trade
Derivatives
Bots
Events
common-tag-new-0
Rewards

How quickly can I transfer my cryptocurrency assets from an online wallet to a hardware wallet?

Nurefşan AkerikMay 13, 2022 · 3 years ago1 answers

I have some cryptocurrency assets stored in an online wallet, and I want to transfer them to a hardware wallet for better security. How long does it usually take to complete the transfer process?

1 answers

  • May 13, 2022 · 3 years ago
    At BYDFi, we understand the importance of quickly transferring your cryptocurrency assets from an online wallet to a hardware wallet. The transfer speed can vary depending on the specific cryptocurrency you are dealing with. Bitcoin transactions, for example, usually take around 10 minutes to be confirmed on the blockchain. However, factors such as network congestion and transaction fees can also affect the transfer time. To ensure a faster transfer, it's recommended to set a higher transaction fee and choose a time when the network is less congested. Additionally, using a hardware wallet with a user-friendly interface can streamline the transfer process and make it more efficient.