Questions tagged [getting money]

CryptoWanderer Fri Oct 11 2024 | 5 answers 744

I've sold some Bitcoin and I'm wondering how long it will take for the money to be transferred to my account. I'm trying to understand the general time frame for receiving payment after a Bitcoin sale.

GinsengBoostPowerBoost Thu Sep 12 2024 | 6 answers 1041

Great question! After selling Bitcoin, the process of getting your money can vary depending on the platform or exchange you used to make the sale. In general, here's what you can expect: 1. First, confirm the sale has gone through and that the Bitcoin has been transferred to the buyer's wallet. This can take a few minutes to a few hours, depending on the network congestion. 2. Once the sale is confirmed, you'll need to navigate to the withdrawal or payout section of your exchange or platform. This is typically located in your account settings or dashboard. 3. Next, you'll choose the method you want to receive your funds. Options can include bank transfer, electronic wallet (such as PayPal or Venmo), or even a physical check. The availability of these options may depend on the exchange or platform you're using. 4. Enter the necessary details for the withdrawal, such as your bank account information or electronic wallet address. Make sure to double-check the details to avoid any delays or errors. 5. Submit the withdrawal request and wait for the funds to arrive. The time it takes for the funds to reach you can vary, but it's typically a few business days for bank transfers and much faster for electronic wallets. Keep in mind that some exchanges or platforms may charge fees for withdrawals, so it's always a good idea to check the fees before making a withdrawal. Additionally, always make sure to use reputable exchanges or platforms to protect your funds and personal information.