How long does it typically take to convert Bitcoin into cash on BitMEX?

3 answers

• Dec 18, 2021 · 3 years ago
  The average time it takes to convert Bitcoin into cash on BitMEX can vary depending on several factors. Generally, it takes around 10-30 minutes for the transaction to be confirmed on the Bitcoin network. Once the transaction is confirmed, it may take an additional 1-2 business days for the funds to be credited to your bank account. However, please note that these timeframes are just estimates and actual processing times may vary.
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• Dec 18, 2021 · 3 years ago
  Converting Bitcoin into cash on BitMEX usually takes a few steps. First, you need to sell your Bitcoin on the exchange. This process can take anywhere from a few seconds to a few minutes, depending on market conditions and the amount of Bitcoin you're selling. Once your Bitcoin is sold, you'll need to withdraw the cash to your bank account. The withdrawal process typically takes 1-2 business days, but it can sometimes be faster or slower depending on the exchange's processing times and your bank's policies.
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• Dec 18, 2021 · 3 years ago
  When it comes to converting Bitcoin into cash on BitMEX, it's important to consider the various steps involved. First, you'll need to sell your Bitcoin on the exchange, which can take a few minutes to complete. Once the sale is executed, the funds will be credited to your BitMEX account. From there, you can initiate a withdrawal to your bank account. The processing time for this withdrawal can vary, but it typically takes 1-2 business days for the funds to appear in your bank account. Keep in mind that market conditions and network congestion can affect the overall time it takes to convert Bitcoin into cash.
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