What is the average verification time for Plaid in the cryptocurrency industry?

3 answers

• Reena YadavAug 14, 2023 · 2 years ago
  The average verification time for Plaid in the cryptocurrency industry can vary depending on several factors. Generally, it takes around 1-3 business days for Plaid to complete the verification process. However, this timeframe can be longer or shorter depending on the specific cryptocurrency exchange and the volume of transactions they handle. It's important to note that Plaid is just one of the many verification providers in the industry, and different exchanges may have different verification processes and timelines. It's always recommended to check with the specific exchange you are using for the most accurate information on verification times.
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• taleen wahdanAug 03, 2022 · 3 years ago
  When it comes to verifying transactions in the cryptocurrency industry, Plaid is known for its relatively quick verification process. On average, it takes about 1-3 business days for Plaid to verify transactions. However, this timeframe can vary depending on the specific exchange you are using. Some exchanges may have additional verification steps or higher volumes of transactions, which can result in longer verification times. It's always a good idea to check with the exchange directly to get the most up-to-date information on verification times for Plaid.
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• Jaykant NayakMay 18, 2021 · 4 years ago
  At BYDFi, a popular cryptocurrency exchange, the average verification time for Plaid is typically around 2 business days. This timeframe includes the time it takes for Plaid to verify the transactions and for the exchange to process and approve them. However, it's important to note that verification times can vary depending on the specific exchange and the volume of transactions. It's always recommended to check with the exchange you are using for the most accurate information on verification times for Plaid.
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