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Author Topic: Doing a trade on LBC. How long does a bank transfer take to show up?  (Read 314 times)
Decoded (OP)
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May 13, 2017, 07:07:09 AM
 #1

Hey guys, I'm in the middle of a 1.5 BTC trade on Localbitcoins. We are waiting for the seller to confirm the Bitcoin arriving in their account. How long does this usually take? It's between two different banks.

Since it's currently a Saturday, would it be fair to say that it would only process the transfer sometime in the afternoon on Monday?

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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May 13, 2017, 07:33:02 AM
 #2

The transfer from bank accounts usually takes anywhere between 3-5 days, I believe that those are business days so weekends or holidays are excluded.

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May 14, 2017, 09:07:24 AM
 #3

The transfer from bank accounts usually takes anywhere between 3-5 days, I believe that those are business days so weekends or holidays are excluded.

If the banks between 2 parties are from the same banking group the transfer can be instant. I've moved money instantly several times in UK via different banks.

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May 14, 2017, 11:45:36 AM
 #4

Depends if you and seller are from the same country, same bank... But I'd say you must wait at least 3 days starting from monday (tomorrow)
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May 14, 2017, 12:00:11 PM
 #5

Inter-bank transfer may take upto 5 working days and till today its week-end and bank usually remain closed. You may have to wait for next 2-3 more days from tomorrow. 

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