DEPOSITING times on exchnages... - page 2.

AicecreaME

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Quote from: batang_bitcoin on January 26, 2021, 06:45:22 AM

Quote from: voyager23 on January 26, 2021, 05:16:54 AM

I have deposited form my bank into kraken

Check their processing time for bank deposits.
https://support.kraken.com/hc/en-us/articles/360000381846-Fiat-currency-deposit-options-fees-minimums-and-processing-times-
As for reading the processing time, I think what you're experiencing is normal and you only need to wait.

I agree.

My question is if OP's account is verified already, because if not, that might be the issue that is why KRAKEN making it delayed, especially if OP is depositing a large amount of money worth of cryptocurrency. The mostly reasons why exchangers are delaying a certain transaction is because they want to confirm that you are a legit customer, for security purposes, or it is just too traffic in the network.

blue Snow

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Quote from: UserU on January 26, 2021, 07:49:44 AM

And to avoid confusion, are you referring to fiat or crypto?

Quote from: voyager23 on January 26, 2021, 05:24:22 AM

No no, I mean depositing gbp into my kraken only...

gpb means poundsterling = fiat

I had an issue with the deposit of bitcoin into my local exchange that took 3 days still unconfirmed. My problem is I used a low fee of about 1sat/b, I know this and this not worries me.

UserU

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Quote from: voyager23 on January 26, 2021, 07:56:44 AM

Fiat/GBP... I will just wait... Kraken use Payward Ltd to process money, no doubt they are just sitting on it for 3 day making interest?!

Not all bad, it will force me to sit and wait for the bear run!

Oh my.

Well, I'm not familiar with Payward but previously I deposited through bank transfer on another exchange and it constantly reminded the users to paste the transaction reference code in the appropriate fields so they could verify the funds. However my account was already verified so that took like 20 minutes max before I saw it.

One thing that might affect the waiting time is also your account KYC status. If it's not verified, that's gonna require extra days to check here and there.

voyager23

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Quote from: UserU on January 26, 2021, 07:49:44 AM

Usually exchanges should process the deposit the moment it comes through.

And to avoid confusion, are you referring to fiat or crypto?

Fiat/GBP... I will just wait... Kraken use Payward Ltd to process money, no doubt they are just sitting on it for 3 day making interest?!

Not all bad, it will force me to sit and wait for the bear run!

UserU

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Usually exchanges should process the deposit the moment it comes through.

And to avoid confusion, are you referring to fiat or crypto?

Yaunfitda

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Most like it was an issue with your bank, you have to check with them, as they might not support depositing to exchanges. Usually though it take 3-5 business days to processed your transaction from a bank, so I guess you have to wait.

If nothing happens after a week then definitely go to the bank and ask. Best of luck!

aoluain

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I think the issue is with your Bank!

I'll give you 4 scenarios of what happens which I have used to transfer to Coinbase, these are
my findings

1.] Transfer from Bank to Coinbase any time after 9am. - up to 3 days delivery

2.] Transfer from Bank to Coinbase before 7.30am - Same day delivery, usually around 3pm.

3.] Transfer from Bank to Revolut - Instant, Then transfer from Revolut to Coinbase during the
day between 9am and 9pm - can take hours

4.] Transfer from Bank to Revolut - Instant, Then transfer from Revolut to Coinbase during the
day between 9pm and 2am - a matter of seconds

batang_bitcoin

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Quote from: voyager23 on January 26, 2021, 05:16:54 AM

I have deposited form my bank into kraken

Check their processing time for bank deposits.
https://support.kraken.com/hc/en-us/articles/360000381846-Fiat-currency-deposit-options-fees-minimums-and-processing-times-
As for reading the processing time, I think what you're experiencing is normal and you only need to wait.

voyager23

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Quote from: witcher_sense on January 26, 2021, 05:22:10 AM

Quote from: voyager23 on January 26, 2021, 05:05:07 AM

Who had the fastest deposit times on coin exchanges?

I deposited on one and it takes up to 3 days... This is far from reactive.
If trading on 212 for example deposits are instant, allowing you to take opportunities when they arise... 3 days tho is just a no!

Are they all generally the same?

The exchange in question is Kraken.

If it took three days for your deposit to be credited, it means the commission you paid to miners was too low. This has nothing to do with cryptocurrency exchanges. The only aspect of your transaction that exchanges take into consideration is how many confirmations your transaction got. The first confirmation is most important, and the speed of it depends on the fee you paid. Further confirmations depend on how fast miners are finding a new block.

Quote from: voyager23 on January 26, 2021, 05:16:54 AM

I have deposited form my bank into kraken

Then you'd better ask your bank.

No no, I mean depositing gbp into my kraken only...

witcher_sense

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Quote from: voyager23 on January 26, 2021, 05:05:07 AM

Who had the fastest deposit times on coin exchanges?

I deposited on one and it takes up to 3 days... This is far from reactive.
If trading on 212 for example deposits are instant, allowing you to take opportunities when they arise... 3 days tho is just a no!

Are they all generally the same?

The exchange in question is Kraken.

If it took three days for your deposit to be credited, it means the commission you paid to miners was too low. This has nothing to do with cryptocurrency exchanges. The only aspect of your transaction that exchanges take into consideration is how many confirmations your transaction got. The first confirmation is most important, and the speed of it depends on the fee you paid. Further confirmations depend on how fast miners are finding a new block.

Quote from: voyager23 on January 26, 2021, 05:16:54 AM

I have deposited form my bank into kraken

Then you'd better ask your bank.

voyager23

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Activity: 70

Merit: 1

Quote from: batang_bitcoin on January 26, 2021, 05:15:20 AM

Quote from: voyager23 on January 26, 2021, 05:05:07 AM

Who had the fastest deposit times on coin exchanges?

I deposited on one and it takes up to 3 days... This is far from reactive.
If trading on 212 for example deposits are instant, allowing you to take opportunities when they arise... 3 days tho is just a no!

Are they all generally the same?

The exchange in question is Kraken.

What did you deposited on them? exchanges are relying to the confirmation of the coin that you've sent to them. For example in Kraken, if you have deposited bitcoin, it needs 4 confirmations to reflect in your account. Here is their processing times for each coin that they have. The only coin that needs more confirmation which takes up to 2 weeks is ETC.
https://support.kraken.com/hc/en-us/articles/203325283-Cryptocurrency-deposit-processing-times

I have deposited form my bank into kraken

batang_bitcoin

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Quote from: voyager23 on January 26, 2021, 05:05:07 AM

Who had the fastest deposit times on coin exchanges?

I deposited on one and it takes up to 3 days... This is far from reactive.
If trading on 212 for example deposits are instant, allowing you to take opportunities when they arise... 3 days tho is just a no!

Are they all generally the same?

The exchange in question is Kraken.

What did you deposited on them? exchanges are relying to the confirmation of the coin that you've sent to them. For example in Kraken, if you have deposited bitcoin, it needs 4 confirmations to reflect in your account. Here is their processing times for each coin that they have. The only coin that needs more confirmation which takes up to 2 weeks is ETC.
https://support.kraken.com/hc/en-us/articles/203325283-Cryptocurrency-deposit-processing-times

Charles-Tim

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You need to be specific about the coin you deposited, but likely your first deposit that took 3 days is bitcoin, it took 3 days because the fee used is low while mempool was congested also. Also know that bitcoin transaction is most likely to be confirmed approximately every 10 minutes if your transaction is placed in the nest block with higher fee. For fast confirmation, you need to pay high fee or wait until mempool is not congested.

voyager23

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Activity: 70

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Who had the fastest deposit times on coin exchanges?

I deposited on one and it takes up to 3 days... This is far from reactive.
If trading on 212 for example deposits are instant, allowing you to take opportunities when they arise... 3 days tho is just a no!

Are they all generally the same?

The exchange in question is Kraken.

Topic: DEPOSITING times on exchnages... - page 2. (Read 268 times)