Most automatically processed cryptocurrency withdrawals will be processed within a few minutes. However, processing may take longer if our hot wallet (a special wallet used to process withdrawals) is empty and needs to be refilled.
How long can a BTC withdrawal take?
In most cases, BTC withdrawals normally should take approximately 2 hours, subject to network conditions.
Why is my Bitcoin transfer taking so long?
Bitcoin transaction times Most people call a transaction successful with a minimum of six confirmations. Another five blocks must be mined on top of the block that contains the transaction. On average, a new block is mined every ten minutes. That’s why in most cases, you’ll have to wait for about one hour.
Why is Bitcoin withdrawal slow?
The network is congested When a blockchain network experiences peak traffic, it causes delays, a backlog of transactions and also pushes up transaction fees as demand outweighs supply and miners can pick and choose what they process. Even if you put in a healthy transaction fee, you might be in for a wait.
