How long does it take to deposit and withdraw cryptocurrency?
The process of depositing and withdrawing cryptocurrency is automatic and in general, takes no more than an hour.
Cryptocurrency deposit
Depending on the cryptocurrency type, crediting of cryptocurrency to the balance is completed once a corresponding number of transaction confirmations is made by the network. To check how many confirmations are needed to deposit a specific cryptocurrency, it is necessary:
- Go to Wallet
- Select Deposit in front of the required currency;
- Generate the wallet address to deposit currency to the balance, if it has not been
generated earlier; - The number of confirmations will be displayed under the generated wallet address,
after which funds will be credited to the balance.
The deposit, that received the required amount of confirmations for crediting funds, will be displayed on the balance and will be available for making deals (trades).
Several key factors affect the speed of transaction confirmation by the network, such as transaction transfer fees and network workload.
Cryptocurrency withdrawal
Like a deposit, a cryptocurrency withdrawal usually takes no more than an hour after the withdrawal is confirmed. However, sometimes there may be delays due to network congestion.
After the transaction has been successfully transferred, you can see the hash of the transaction in the "Wallet" menu in the "Transactions" section.
If after 60 minutes the hash is not displayed in the "Transactions" section, you can contact the support service via chat or by email support@exmo.com