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Author Topic: Bitfinex – horrible withdrawal time  (Read 291 times)
ebr61ber5b
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October 23, 2017, 10:49:08 PM
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Hi. What is your experience with Bitfinex withdrawal time of LTC and BTC? I am waiting a few days and it is still "Processing". They state it should take 1 minute, and 12 hours at the maximum. What is wrong?

Thanks for sharing of your experience.
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October 24, 2017, 02:59:17 PM
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Am I the only one experiencing problems on withdraw?
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October 24, 2017, 06:56:54 PM
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we also wait a few days

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October 25, 2017, 02:14:53 PM
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If you don't meet the criteria they specify they actually say it can take longer if manual approval is needed. That is is the instance that you changed the withdrawal address or some of your security settings in the last 5 days or you don't have 2FA.

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How long does it take for a cryptocurrency withdrawal to be processed?

Withdrawals can take up to 12 hours. We always do our very best to have your withdrawals sent to the blockchain as fast as possible; however, we cannot guarantee instant withdrawals. If you have time-sensitive withdrawals to perform, we advise you to set up a local wallet on your computer or mobile device. Time-sensitive payments should not be made from your Bitfinex wallets.

If you can meet all of the security requirements of one of the two condition sets that are listed on this page, withdrawals will be processed faster.

These requirements are:

Condition Set One

SMS 2FA, Google Auth 2FA, or IP Address whitelisting has been enabled for at least 5 days
Withdrawal addresses for all cryptocurrencies (and Tethers if you are verified) have been locked for at least 5 days
Condition Set Two

SMS 2FA or Google Auth 2FA has been enabled for at least 5 days
IP Address whitelisting or Withdrawal addresses for all cryptocurrencies (and Tethers if you are verified) have been locked for at least 5 days
The "Send Email on Login" security setting is enabled
The "Monitor Withdrawals by IP" security setting is enabled and your current IP Address is not ne (has been used before, more than 24 hours ago)
If any of these requirements are undesirable or not possible for you, withdrawals will still be processed, but the processing time can be slightly longer. Also, you will receive an email with a confirmation link to approve the withdrawal. In addition to these rules, sometimes large or unusual withdrawals will require direct administrative approval.

Most automatically processed cryptocurrency withdrawals will be processed within a few minutes; however, processing may take longer if a manual approval is required or if our "hot wallet" (special wallet used to process withdrawals) is empty and needs to be refilled by manual intervention. The funds kept in our hot wallet are kept to a minimum as a security measure and are refilled periodically.

We encourage all users to review our Greenlane Conditions which significantly increase personal security, reduce the required number of confirmations for cryptocurrency deposits, and prioritize withdrawals through automatic processing.

If an account does not have any of 2FA options we offer enabled, every withdrawal for this account will be manually reviewed, resulting in long processing times.

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