DEPOSITING times on exchnages...

[voyager23]

Who had the fastest deposit times on coin exchanges?

I deposited on one and it takes up to 3 days... This is far from reactive.
If trading on 212 for example deposits are instant, allowing you to take opportunities when they arise... 3 days tho is just a no!

Are they all generally the same?

The exchange in question is Kraken.

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[Charles-Tim]

You need to be specific about the coin you deposited, but likely your first deposit that took 3 days is bitcoin, it took 3 days because the fee used is low while mempool was congested also. Also know that bitcoin transaction is most likely to be confirmed approximately every 10 minutes if your transaction is placed in the nest block with higher fee. For fast confirmation, you need to pay high fee or wait until mempool is not congested.

[batang_bitcoin]

Who had the fastest deposit times on coin exchanges?

I deposited on one and it takes up to 3 days... This is far from reactive.
If trading on 212 for example deposits are instant, allowing you to take opportunities when they arise... 3 days tho is just a no!

Are they all generally the same?

The exchange in question is Kraken.

What did you deposited on them? exchanges are relying to the confirmation of the coin that you've sent to them. For example in Kraken, if you have deposited bitcoin, it needs 4 confirmations to reflect in your account. Here is their processing times for each coin that they have. The only coin that needs more confirmation which takes up to 2 weeks is ETC.
https://support.kraken.com/hc/en-us/articles/203325283-Cryptocurrency-deposit-processing-times

[voyager23]

Who had the fastest deposit times on coin exchanges?

I deposited on one and it takes up to 3 days... This is far from reactive.
If trading on 212 for example deposits are instant, allowing you to take opportunities when they arise... 3 days tho is just a no!

Are they all generally the same?

The exchange in question is Kraken.

What did you deposited on them? exchanges are relying to the confirmation of the coin that you've sent to them. For example in Kraken, if you have deposited bitcoin, it needs 4 confirmations to reflect in your account. Here is their processing times for each coin that they have. The only coin that needs more confirmation which takes up to 2 weeks is ETC.
https://support.kraken.com/hc/en-us/articles/203325283-Cryptocurrency-deposit-processing-times

I have deposited form my bank into kraken

[witcher_sense]

Who had the fastest deposit times on coin exchanges?

I deposited on one and it takes up to 3 days... This is far from reactive.
If trading on 212 for example deposits are instant, allowing you to take opportunities when they arise... 3 days tho is just a no!

Are they all generally the same?

The exchange in question is Kraken.

If it took three days for your deposit to be credited, it means the commission you paid to miners was too low. This has nothing to do with cryptocurrency exchanges. The only aspect of your transaction that exchanges take into consideration is how many confirmations your transaction got. The first confirmation is most important, and the speed of it depends on the fee you paid. Further confirmations depend on how fast miners are finding a new block.

I have deposited form my bank into kraken

Then you'd better ask your bank.

[voyager23]

Who had the fastest deposit times on coin exchanges?

I deposited on one and it takes up to 3 days... This is far from reactive.
If trading on 212 for example deposits are instant, allowing you to take opportunities when they arise... 3 days tho is just a no!

Are they all generally the same?

The exchange in question is Kraken.

If it took three days for your deposit to be credited, it means the commission you paid to miners was too low. This has nothing to do with cryptocurrency exchanges. The only aspect of your transaction that exchanges take into consideration is how many confirmations your transaction got. The first confirmation is most important, and the speed of it depends on the fee you paid. Further confirmations depend on how fast miners are finding a new block.

I have deposited form my bank into kraken

Then you'd better ask your bank.

No no, I mean depositing gbp into my kraken only...

[batang_bitcoin]

I have deposited form my bank into kraken

Check their processing time for bank deposits.
https://support.kraken.com/hc/en-us/articles/360000381846-Fiat-currency-deposit-options-fees-minimums-and-processing-times-
As for reading the processing time, I think what you're experiencing is normal and you only need to wait.

[aoluain]

I think the issue is with your Bank!

I'll give you 4 scenarios of what happens which I have used to transfer to Coinbase, these are
my findings

1.] Transfer from Bank to Coinbase any time after 9am. - up to 3 days delivery

2.] Transfer from Bank to Coinbase before 7.30am - Same day delivery, usually around 3pm.

3.] Transfer from Bank to Revolut - Instant, Then transfer from Revolut to Coinbase during the
day between 9am and 9pm - can take hours

4.] Transfer from Bank to Revolut - Instant, Then transfer from Revolut to Coinbase during the
day between 9pm and 2am - a matter of seconds

[Yaunfitda]

Most like it was an issue with your bank, you have to check with them, as they might not support depositing to exchanges. Usually though it take 3-5 business days to processed your transaction from a bank, so I guess you have to wait.

If nothing happens after a week then definitely go to the bank and ask. Best of luck!

[UserU]

Usually exchanges should process the deposit the moment it comes through.

And to avoid confusion, are you referring to fiat or crypto?

[voyager23]

Usually exchanges should process the deposit the moment it comes through.

And to avoid confusion, are you referring to fiat or crypto?

Fiat/GBP... I will just wait... Kraken use Payward Ltd to process money, no doubt they are just sitting on it for 3 day making interest?!

Not all bad, it will force me to sit and wait for the bear run!

[UserU]

Fiat/GBP... I will just wait... Kraken use Payward Ltd to process money, no doubt they are just sitting on it for 3 day making interest?!

Not all bad, it will force me to sit and wait for the bear run!

Oh my.

Well, I'm not familiar with Payward but previously I deposited through bank transfer on another exchange and it constantly reminded the users to paste the transaction reference code in the appropriate fields so they could verify the funds. However my account was already verified so that took like 20 minutes max before I saw it.

One thing that might affect the waiting time is also your account KYC status. If it's not verified, that's gonna require extra days to check here and there.

[blue Snow]

And to avoid confusion, are you referring to fiat or crypto?

No no, I mean depositing gbp into my kraken only...

gpb means poundsterling = fiat


I had an issue with the deposit of bitcoin into my local exchange that took 3 days still unconfirmed. My problem is I used a low fee of about 1sat/b, I know this and this not worries me.

[AicecreaME]

I have deposited form my bank into kraken

Check their processing time for bank deposits.
https://support.kraken.com/hc/en-us/articles/360000381846-Fiat-currency-deposit-options-fees-minimums-and-processing-times-
As for reading the processing time, I think what you're experiencing is normal and you only need to wait.

I agree.

My question is if OP's account is verified already, because if not, that might be the issue that is why KRAKEN making it delayed, especially if OP is depositing a large amount of money worth of cryptocurrency. The mostly reasons why exchangers are delaying a certain transaction is because they want to confirm that you are a legit customer, for security purposes, or it is just too traffic in the network.

[voyager23]

I have deposited form my bank into kraken

Check their processing time for bank deposits.
https://support.kraken.com/hc/en-us/articles/360000381846-Fiat-currency-deposit-options-fees-minimums-and-processing-times-
As for reading the processing time, I think what you're experiencing is normal and you only need to wait.

I agree.

My question is if OP's account is verified already, because if not, that might be the issue that is why KRAKEN making it delayed, especially if OP is depositing a large amount of money worth of cryptocurrency. The mostly reasons why exchangers are delaying a certain transaction is because they want to confirm that you are a legit customer, for security purposes, or it is just too traffic in the network.

Yes it's verified, was a 3 min job showing id...

Thanks for help, sorry to bog the forum down with trivial shit... I was more wondering if there were better exchanges to use???

[UserU]

Where are you from? I could recommend some if your country is supported.

[voyager23]

Where are you from? I could recommend some if your country is supported.

It's fine thanks. I will just wait another day... Not happy wth this because this is not how you work, waiting 3 days for your money... This is exactly the reason bitcoin was created! To bypass these thieving dinosaurs!!!!

Kraken also have an option called CHAPS and you have to pay £21 for the same day... hmmm... That's why it's taking so long!!

Can anyone else recommend a better exchange???

This is a joke now...

[irixo10]

What did you deposit on the exchange matters as it also shows or will tell how long it will take for the deposit to be successful, when depositing some tokens, you will be told how long it will take, that is, how many confirmations that is need before it will be successful and reflect on your dashboard, now if it takes longer than usual, it means something is wrong. If the deposit is successful from your end, then any issues being faced is from the exchange, hence you contact the support center of that exchange to understand what happened and how to solve it. On the other hand, if the deposit failed from your own end or is taking time, then you will to check what's wrong and maybe contact the team of the project for solution. However, when it comes to deposit of fiat, the exchange might take many things into account and in some cases, it might take time, depending on how fast they are in verifying what needs be.
Therefore, I don't know what you deposited, but if it's a token and successful from.your end, contact Kraken customer care and if it's fiat deposit and also successful from your end, contact your bank to be sure it is successful, then contact Kraken as well.
Different exchanges have their own mode of operation thus their services would be different and unique.

[voyager23]

What did you deposit on the exchange matters as it also shows or will tell how long it will take for the deposit to be successful, when depositing some tokens, you will be told how long it will take, that is, how many confirmations that is need before it will be successful and reflect on your dashboard, now if it takes longer than usual, it means something is wrong. If the deposit is successful from your end, then any issues being faced is from the exchange, hence you contact the support center of that exchange to understand what happened and how to solve it. On the other hand, if the deposit failed from your own end or is taking time, then you will to check what's wrong and maybe contact the team of the project for solution. However, when it comes to deposit of fiat, the exchange might take many things into account and in some cases, it might take time, depending on how fast they are in verifying what needs be.
Therefore, I don't know what you deposited, but if it's a token and successful from.your end, contact Kraken customer care and if it's fiat deposit and also successful from your end, contact your bank to be sure it is successful, then contact Kraken as well.
Different exchanges have their own mode of operation thus their services would be different and unique.

As stated above it's just GBP from my bank to kraken... anyway I think this post is taking up valuable forum space now... i wil get my money and open with another exchange...

PAYWARD ltd who handle the money for kraken will just be sitting on my money making interest, and also they are tryin to get me to pay for their "chaps" service which is £21 which gets money in - in 1 day....

[raidarksword]

Well, it's all depends on what coin or token you are depositing, usually instant deposits are possible except bitcoin and ethereum that requires time and patience but it also depends if you are using huge fees then it will be deposited fast. Any other blockchain are also fast confirmations on any exchanges.