What is the average duration for unsettled cash to clear and become usable for buying cryptocurrencies on public platforms?

3 answers

• john girgisMar 19, 2022 · 3 years ago
  The average duration for unsettled cash to clear and become usable for buying cryptocurrencies on public platforms can vary depending on the platform and the payment method used. In general, it can take anywhere from a few minutes to several days for the funds to clear. Some platforms offer instant deposits, while others may require additional verification or processing time. It's important to check the specific policies and processing times of the platform you are using to get a better idea of how long it will take for your funds to become available.
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• ShaahuJan 17, 2023 · 3 years ago
  When it comes to clearing unsettled cash for buying cryptocurrencies on public platforms, it's important to understand that different platforms have different policies and processing times. Some platforms may require additional verification steps, which can prolong the clearing process. On average, it can take anywhere from a few hours to a couple of days for the funds to become usable. However, there are also platforms that offer instant deposits, allowing you to start buying cryptocurrencies immediately. It's always a good idea to check the platform's FAQ or support section for more information on their specific clearing times.
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• Casey McmahonJul 27, 2020 · 5 years ago
  At BYDFi, the average duration for unsettled cash to clear and become usable for buying cryptocurrencies on public platforms is approximately 24 hours. We understand the importance of quick access to funds for trading, and we strive to provide a seamless experience for our users. With our efficient clearing process, you can expect your cash deposits to be available for buying cryptocurrencies within a day. However, please note that the actual clearing time may vary depending on the payment method and any additional verification requirements. We recommend checking our platform for the most up-to-date information on clearing times.
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