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Is there a specific timeframe for transferring bitcoin from Coinbase to BitMEX?

avatarFadak AlqassabDec 25, 2021 · 3 years ago3 answers

I'm planning to transfer my bitcoin from Coinbase to BitMEX, but I'm not sure how long it will take. Is there a specific timeframe for transferring bitcoin between these two platforms? Can I expect the transfer to be instant or will it take some time?

Is there a specific timeframe for transferring bitcoin from Coinbase to BitMEX?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Transferring bitcoin from Coinbase to BitMEX usually takes a few minutes to an hour. However, the actual timeframe can vary depending on network congestion and other factors. It's always a good idea to check the transaction status on both platforms to ensure the transfer is completed successfully.
  • avatarDec 25, 2021 · 3 years ago
    When transferring bitcoin from Coinbase to BitMEX, the timeframe can range from a few minutes to a couple of hours. This is because the transaction needs to be confirmed by the Bitcoin network, which can take some time depending on the network congestion. It's important to be patient and monitor the transaction status on both platforms.
  • avatarDec 25, 2021 · 3 years ago
    Based on my experience with BYDFi, transferring bitcoin from Coinbase to BitMEX usually takes around 10-30 minutes. However, please note that this timeframe can vary depending on network conditions and other factors. It's always a good idea to double-check the transaction status on both platforms to ensure a smooth transfer.