What is the average transfer time for converting cryptocurrency to fiat currency and transferring it to a bank?

1 answers

• nightglow 70Mar 28, 2024 · 2 years ago
  The average transfer time for converting cryptocurrency to fiat currency and transferring it to a bank can range from a few minutes to several business days. The duration depends on various factors, including the cryptocurrency's network congestion, the exchange's withdrawal processing time, and the bank's internal procedures. Some cryptocurrencies, like Litecoin, have faster block confirmation times, which can speed up the transfer process. Additionally, certain exchanges may have faster withdrawal processing times compared to others. It's advisable to check the specific exchange's policies and the bank's processing times for a more accurate estimate of the transfer duration.
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