What is the usual timeframe for selling bitcoin and receiving payment?

3 answers

• Sampath KolanukondaNov 07, 2023 · 2 years ago
  The usual timeframe for selling bitcoin and receiving payment can vary depending on several factors. Generally, it takes around 10-30 minutes for the transaction to be confirmed on the blockchain. After the confirmation, the time it takes to receive payment will depend on the payment method you choose. If you opt for a bank transfer, it may take 1-3 business days for the funds to reach your account. However, if you use a peer-to-peer platform or a digital wallet, the payment can be instant. It's important to note that these timeframes are just estimates and can vary depending on network congestion and other external factors.
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• ThousandbuckleJul 24, 2022 · 3 years ago
  Selling bitcoin and receiving payment can be a quick process if you choose the right platform. Some exchanges offer instant withdrawals, allowing you to receive payment almost immediately after selling your bitcoin. However, if you prefer to sell on a peer-to-peer platform, the timeframe can be longer as it depends on finding a buyer and negotiating the terms. Additionally, the payment method you choose can also affect the timeframe. Bank transfers usually take longer compared to digital payment methods. It's recommended to research different platforms and payment methods to find the one that suits your needs in terms of timeframe and convenience.
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• Robert WachiraNov 03, 2020 · 5 years ago
  At BYDFi, the usual timeframe for selling bitcoin and receiving payment is relatively fast. Once you sell your bitcoin on our platform, the funds will be credited to your account within minutes. We prioritize efficiency and aim to provide a seamless experience for our users. However, please note that the actual time it takes to receive payment may vary depending on external factors such as network congestion or delays in the banking system. We recommend keeping an eye on your account balance and contacting our support team if you have any concerns about the payment timeframe.
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