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How long does it take to purchase/withdraw cryptocurrency?
Posted by Natasha B on 12 July 2016 09:15 PM

247exchange is the safest and fastest option for buying/selling Bitcoin and other cryptocurrencies, all around the world. Completing your orders as fast as possible is one of our priorities. The time of order delivery depends on preferred payment/withdrawal method. Let us explain in details. 

PAYMENT TYPE           YOU ARE PAYING:                      YOU ARE RECEIVING:        
Credit/Debit Card instantly 1-3 business days
SWIFT 1-3 business days 1-3 business days
SEPA 1-2 business days 1-2 business days
Local bank transfers varies (details)       varies (details)
Instant money transfers instantly instantly
Cash deposits instantly -
Prepaid vouchers instantly -
e-wallets instantly instantly

 

How much time does one "buy Bitcoin" order take?

  • Credit and debit cards – buying BTC, LTC, etc. by credit/debit card is instant;
  • SWIFT (international wire transfers) – the slowest, but at the same time the most accessible payment method, taking from 1 to 3 business days;
  • SEPA transfers – if you are in Europe, it’s an optimal decision by speed and cost; takes 1-2 business days maximum;
  • Local bank transfers – usually are instant, but for some banks it can take few hours or a working day. Our Czech clients have possibility to buy Bitcoins and other cryptocurrencies with CZK instantly. Also, our Canadian customers can buy digital currency instantly using INTERAC® Online. Electronic Funds Transfer (EFT), eCheck and Direct Debit from Canadian banks accounts are also supported, but those transfers are not instant, taking about up to 1-3 business days. Please see The list of supported banks;
  • Instant money transfers - the fastest, easiest and comfortable way to buy bitcoin with cash instantly without opening a bank account.
  • Cash deposits - payments by cash at banks branches is one of the quickest way to purchase cryptocurrency instantly. Unfortunately, this service is not yet available in all countries, but we are working on it! The list of countries and territories, where we have local banks accounts is constantly growing, much more banks are on the way;
  • Prepaid vouchers - using prepaid vouchers you can purchase BTC and other digital currencies instantly;
  • e-wallets - transactions of centralized payment systems (OKPay etc.) are instant.

How long does one "sell Bitcoin" order take?

We are processing sell orders instantly after receiving the payment in electronic currency from you. When you withdraw your cryptocurrencies, certain amount of network confirmations are required before it will be completed. We consider bitcoins transfer being completed after we’ll get 2 confirmations (on average it takes about 15 minutes). But the time between we send money and you receive it depends on withdrawal method:

  • Credit/Debit Card - not so fast, usually funding to credit/debit card takes 1-3 business days, but very convenient because using this payment method you can get money anywhere in the world, all you need is to have credit card;
  • SWIFT – can be quite slow – 1-3 business days is usually enough, this method is available in any bank and rather economic for bigger amounts;
  • SEPA  – good compromise between speed and price – takes no longer than 1-2 business days; available only for EUR transfers in European Zone;
  • Local bank transfers - in some countries we provide this fast method with minimal fees using local currency, it takes from some minutes to 1-3 business days;
  • Instant money transfers - right after your bitcoin transfer has 2 confirmations, the transfer will be automatically sent, and you’ll be able to collect the cash instantly. 

 

We are in the process of negotiation with many other payment systems, and a lot of them will be added to our service in near future; please check our updates!

If you still have any questions, don’t hesitate to contact out 24/7 customer support, it’s our job and pleasure to assist you!

 

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