How does ach pay work in the crypto industry?

3 answers

• Dec 18, 2021 · 3 years ago
  ACH pay, or Automated Clearing House pay, is a method of transferring funds electronically between bank accounts. In the crypto industry, ACH pay can be used to deposit or withdraw funds from cryptocurrency exchanges. It involves linking your bank account to the exchange and authorizing transactions. ACH pay offers a convenient and relatively fast way to move funds in and out of the crypto industry, but it may have certain limitations such as transaction fees and processing times.
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• Dec 18, 2021 · 3 years ago
  ACH pay in the crypto industry works similarly to how it works in traditional finance. When you initiate an ACH pay transaction, the funds are transferred from your bank account to the cryptocurrency exchange. This process usually takes a few business days to complete. It's important to note that not all cryptocurrency exchanges support ACH pay, so you'll need to check if your preferred exchange offers this payment method.
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• Dec 18, 2021 · 3 years ago
  At BYDFi, we understand the importance of providing multiple payment options to our users. That's why we offer ACH pay as one of the payment methods for depositing and withdrawing funds. With ACH pay, you can easily transfer funds between your bank account and your BYDFi account. It's a secure and convenient way to manage your crypto assets. If you have any questions about using ACH pay on BYDFi, our support team is always here to assist you.
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