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Author Topic: How long deposit takes from fiat to btc exchangers?  (Read 877 times)
dossantosleite
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May 04, 2017, 02:02:22 PM
 #1

Hi,

How much time it requires to deposit from credit card to btc exchangers like  kraken or other similar exchangers?
How fast from bank account?
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May 04, 2017, 02:07:13 PM
 #2

Hi,

How much time it requires to deposit from credit card to btc exchangers like  kraken or other similar exchangers?
How fast from bank account?

Credit cards deposits should be instant as far as I know but for bank deposits, It could take anywhere between 3-5 days (same applies for the withdrawal process)

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May 04, 2017, 10:05:42 PM
 #3

Hi,

How much time it requires to deposit from credit card to btc exchangers like  kraken or other similar exchangers?
How fast from bank account?

As stated by the post above me, you can buy BTC from Cex.io if you'll gonna use credit card to buy it. I personally bought some BTC from Cex.io and the transaction is really fast. I can say that it is instant. Just be mindful of the fees that you must pay when using the said site. And after getting your BTC from Cex.io, you can then transfer it to any wallet or exchange in the internet. The duration of transaction for it to be confirmed depends on the amount of fee you paid.

As for banks to exchanges, it should take 3 business days to 1 week for them to process your deposit.

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May 05, 2017, 04:44:39 AM
 #4

Hi,

How much time it requires to deposit from credit card to btc exchangers like  kraken or other similar exchangers?
How fast from bank account?

As stated by the post above me, you can buy BTC from Cex.io if you'll gonna use credit card to buy it. I personally bought some BTC from Cex.io and the transaction is really fast. I can say that it is instant. Just be mindful of the fees that you must pay when using the said site. And after getting your BTC from Cex.io, you can then transfer it to any wallet or exchange in the internet. The duration of transaction for it to be confirmed depends on the amount of fee you paid.

As for banks to exchanges, it should take 3 business days to 1 week for them to process your deposit.
This is probably the standard time for financial transactions, Well, probably there are factors that affect the speed? What can one assume to increase it? Probably the speed depends on the interest rate.
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May 05, 2017, 04:49:08 AM
 #5

I havent tried the bank account thing but i have tried from 711 convenience store to bitcoin wallet here in Philippines and it doesnt take long.
Received my funds almost 1 hour and that is okay for me.
I guess being connected with a store will really take that time.
Maybe you should input what kind of wallet you are using and what country for people here to help you even better.

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May 05, 2017, 04:51:39 AM
 #6

For me, it usually takes less than ten minutes each time I put funds on my exchanger from my online bank account. The process is as straightforward as it can be and doesn’t require too many steps. For cashing out, the options depend on which way you want to receive your money (converted to fiat of course). It can be instant or a few hours or even a day if processed using different channels.
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May 05, 2017, 04:57:53 AM
 #7

For me, it usually takes less than ten minutes each time I put funds on my exchanger from my online bank account. The process is as straightforward as it can be and doesn’t require too many steps. For cashing out, the options depend on which way you want to receive your money (converted to fiat of course). It can be instant or a few hours or even a day if processed using different channels.

Same to me. I usually use kraken to buy bitcoins directly from my online bank account, But i think the duration for the process vaies depending on the bank policy do you use because I know some bank that don't approve instant transfer unless you are using same bank account.
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May 05, 2017, 07:29:22 AM
 #8

Hi,

How much time it requires to deposit from credit card to btc exchangers like  kraken or other similar exchangers?
How fast from bank account?

https://support.kraken.com/hc/en-us/articles/201648163-How-long-do-deposits-take-
https://support.cex.io/hc/en-us/articles/210326337-How-can-I-deposit-my-FIAT-funds-to-CEX-IO-

The exchange sites have different policies. But my guess i can say of the maximum time for exchange site to approve your wire transaction is a week.

And the fastest time to checking your wire transaction is 3 day, and average exchange sites take up to 3 - 7 days to complete your wire transfer verification.

Try to contacting his support to get a better answer.

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May 05, 2017, 10:37:21 AM
 #9

Most of the time the deposit happens instantly. If the delay is happening then it's based on the bank you have account. Every banks have their own terms and conditions that needs to be fulfilled to make transactions. No worries if you're planning to deposit, because most of the exchanges that's been discussed were legit and never make use of your money.

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May 05, 2017, 12:27:16 PM
 #10

When I make a deposit from my bank account, I have an option for an 'urgent payment' which basically does the transfer in 1 day.
Not sure if this is something that's only available in Europe?

Here's some info about it from my own bank (ING):
https://www.ing.be/static/legacy/SiteCollectionDocuments/UitersteTijdstipOntvangstBetalingEN.pdf

*The article is in English


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dossantosleite
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May 05, 2017, 02:00:30 PM
 #11

I think best is to write to support and ask this question, but thanks for your answers. I also think credit card should be charged instantly, but not all exchanger's accept depositing with credit card?
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May 10, 2017, 07:52:12 AM
 #12

When I make a deposit from my bank account, I have an option for an 'urgent payment' which basically does the transfer in 1 day.
Not sure if this is something that's only available in Europe?

Here's some info about it from my own bank (ING):
https://www.ing.be/static/legacy/SiteCollectionDocuments/UitersteTijdstipOntvangstBetalingEN.pdf

*The article is in English

But when you transfer money from ING to Kraken.com (for example), when is the deposit available for trading? (Because it's not only the bank who has to handle the money, it's Kraken.com also)
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