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Topic: looking for: exchanges fastest withdrawing (Read 321 times)

legendary
Activity: 2464
Merit: 1102
March 08, 2022, 12:25:30 PM
#41
In my experience, I have recently using Binance to withdraw my funds straight to either my custodial or non-custodial wallet. However, the cheapest coin that is supported with low fees is XRP when transferring from Binance to my wallets. It only took me at least less than 30 minutes (sometimes 10 minutes) to wait before the fund arrives.

As for BTC since it has high transaction fees and slow confirmation time, it took me at least an hour or less for it to be credited to my wallet.
Binance is great at everything they do, literally anything. They are great as a wallet, great as a spot exchange, great as leverage, great from support, great as deposit/withdrawal, great at blockchain development (bep20) and many other things. Whatever they do, they do it the best and that is how they became the biggest exchange in the world.

Building an exchange is not that hard, you could build a very strong and good one for under 100k, if that is all you want, but being great at every single thing like Binance and also do marketing that way and getting that many customers and volume is near impossible, would be very difficult for anyone else to mimic what they have done.
hero member
Activity: 2282
Merit: 659
Looking for gigs
For a quick transfer of funds between my bots, I collect information about which exchanges are the fastest for withdrawing alt-coins, mostly BTC and XMR. Please share your experience.

In my experience, I have recently using Binance to withdraw my funds straight to either my custodial or non-custodial wallet. However, the cheapest coin that is supported with low fees is XRP when transferring from Binance to my wallets. It only took me at least less than 30 minutes (sometimes 10 minutes) to wait before the fund arrives.

As for BTC since it has high transaction fees and slow confirmation time, it took me at least an hour or less for it to be credited to my wallet.
legendary
Activity: 2506
Merit: 1394
Thank you all. The picture is very clear now.
My favourite is still Kraken, but looks like I miss Kucoin. I'm gonna correct it fast.
For moving out, yes I use USDT.
I do not care about network speed. My problem is withdrawing itself. No body like withdraw and made my life more difficult to slow me down.

Speed really doesn't matter if we just moving out our coins to our personal wallet but what matters most is the legality of the site and friendly user. Speed of the transactions will matter of the blockchain traffic, it sometimes arrives fast and sometimes delays a few minutes especially if we need to set the fees (higher fees will take higher priority as well).
(....)
If you read the post of OP, OP is more looking forward to the speed of withdrawal which they gonna use for some bots. So I believe the speed is important here, and that's why OP is finding an exchange that is able to withdraw fast.

I can suggest is try AscendEx (Formerly Bitmex) and FTX Exchange. FTX got also has cheap withdrawal fees so probably it is the best alternative to use too.
hero member
Activity: 1960
Merit: 537
Leading Crypto Sports Betting & Casino Platform
I am using houbi, bybit and binance. I see the processing speed of these 3 exchanges is almost the same, the latency is not significant. Transaction processing time is about 5 minutes. I only care about the security and customer service of the exchange and I feel good about it all. So far everything is fine although there are some problems when I exchange P2P but the exchange always solve very quickly and accurately.
sr. member
Activity: 2422
Merit: 357
I will recommend kucoin and Binance for fast withdrawal, am talking from experience but I don't know maybe their will be other exchange which will be faster than the once which I just listed above, have tried withdrawal from different exhange but seriously I believe kucoin and Binance withdrawal is very fast. Have used some exhange before which I won't be mentioning names here it takes longer time before your withdrawal will be successful.
They are fast enough and I’ll go for Binance as well but of course we can’t expect the whole transactions to go smoothly since there are still a chance that delays can occur especially if you are transacting with different tokens.

BTC network are more prone for delays due to huge volume of traffic, though exchanges uses a huge fees since that’s a collective transactions from different users, 1hr delay might be the worst one with Binance.
full member
Activity: 1736
Merit: 116
For a quick transfer of funds between my bots, I collect information about which exchanges are the fastest for withdrawing alt-coins, mostly BTC and XMR. Please share your experience.

Although each exchange has a different speed when withdrawing coins, but in my opinion the difference in speed is not too much different.
So what you need to worry about is the reputation of the exchanges we use, as long as the exchanges we use have a good reputation,
there should be no problem we want to use these exchanges. Instead of choosing to use exchanges that have faster withdrawal speeds than
other exchanges, but the reputation of the exchanges is bad, it is of course very risky. So far maybe KuCoin has really met my expectations,
besides KuCoin has a pretty good reputation, KuCoin also has a withdrawal speed which I think is quite fast. Although I admit that there are
several exchanges that I use, the withdrawal speed is faster than KuCoin, but the reputation is not so good and I don't recommend those exchanges.
newbie
Activity: 104
Merit: 0
There are exchanges which their withdrawals speed are very fast and reliable. One of the example of the exchange that has one of the most and reliable means of withdrawals is Binance. When it comes to TRC20 withdrawal of  usdt, it is very fast and they charge 1 dollar or one Pieces of the coin for all transactions. Though their are many other withdrawal addresses but TRC20 gas fee is cheap.
hero member
Activity: 1106
Merit: 912
Not Your Keys, Not Your Bitcoin
Exchanges withdrawal speed depends on how busy is the chain you're are using at that time. I could remember doing a withdrawal on Solana chain as I hear they are ultimately fast in transaction speed and then gboa! Solana network became the talk of the media that it has failed and developers are doing everything to bring it back online. I was did a little research and I learnt it reach it maximum capacity of transactions and collapse.
A withdrawal from a centralized exchanges depends on the chain you're using and also internal withdrawals within exchanges are the fastest, may be it is an offchain transaction.

hero member
Activity: 1484
Merit: 928
I will recommend kucoin and Binance for fast withdrawal, am talking from experience but I don't know maybe their will be other exchange which will be faster than the once which I just listed above, have tried withdrawal from different exhange but seriously I believe kucoin and Binance withdrawal is very fast. Have used some exhange before which I won't be mentioning names here it takes longer time before your withdrawal will be successful.
sr. member
Activity: 2660
Merit: 339
I am going along with what most of the members prefer.
Kucoin. Tried and tested for a long time when it comes to fast and cheap transaction. Also, they are okay with low amount withdrawals that's why it's beneficial for low capital traders and those who just want to stash BNB for transaction fees usage. I haven't tried it yet with XMR. You might want to check it first.
Binance can be a good alternative too other than kucoin, I have tried withdrawing using this exchange and transaction doesn't take long to process, I haven't use kucoin for a long time now so I forget already if they are faster than binance or they only have the same speed but both exchange are highly trusted for our funds.

Transaction fees are not the op's concern. He is using a bitcoin as one of his coin and he is also using different bots for his trades and by this, he seem to have a bigger budget. Transaction fees can also depend on what crypto coins you're using for withdrawals. Same goes with the minimum amount to withdraw.
sr. member
Activity: 2366
Merit: 332
I prefer binance. Binance service is more safer for me. I read some comments that btc withdrawal is a little delayed but I think that is not just a binance problem, it is general for btc withdrawal or deposit in most exchange so not only binance. But I noticed USDT is faster so I could convert to USDT for no charge and withdrawal USDT and that is fast for binance.
full member
Activity: 1708
Merit: 126
When it comes to speed, Kucoin would be my personal choice but I'm more comfortable trading with Binance. Well, any of these two would be a good choice since they both provide a good service. As long as an exchange is reputable, there's nothing to doubt about them. I've been using Kucoin and Binance for years and I've never encountered any inconvenience so far.
hero member
Activity: 3052
Merit: 651
I am going along with what most of the members prefer.
Kucoin. Tried and tested for a long time when it comes to fast and cheap transaction. Also, they are okay with low amount withdrawals that's why it's beneficial for low capital traders and those who just want to stash BNB for transaction fees usage. I haven't tried it yet with XMR. You might want to check it first.
legendary
Activity: 1540
Merit: 1457
For a quick transfer of funds between my bots, I collect information about which exchanges are the fastest for withdrawing alt-coins, mostly BTC and XMR. Please share your experience.
So far, I'm using binance, kucoin, and FTX, and they all have very good withdrawal speeds for me. however, I feel that it has the same effect on every user of the exchange. Actually, I also use local exchanges, but for international exchanges, I think Binance and Kucoin will be the most recommended exchanges in terms of security, trustworthiness, and speed of withdrawal of assets.
Agree with you about Kucoin and binance. This is good and solid exchanges, but binance has KYC and kukoin doesn't. There were no problem with deposit and withdraw on both exchanges. Most of cryptos you can find there and I have no reason to use other exchanges. Maybe if you US citizen it would be better to use coinbase for btc. But in other situation kucoin and binance would be appropriate for trading.
OKEX is not a very good stock exchange, before they could be traded by "rare" tokens, but purposefully, I would not trade there, recently they lost their  positions.
hero member
Activity: 1064
Merit: 843
FTX and Huobi in my opinion, you should look to the reputations too and not only about the fastest withdrawal. What if the exchanges offer fast withdrawal for your first and second time, but they locked your funds on the third time? Who knows.

Don't use OKX and Hotbit as mentioned by above members, it's bad exchanges and not trustworthy. If you not believe me you can do own research.
hero member
Activity: 1274
Merit: 561
Leading Crypto Sports Betting & Casino Platform
I have used OKX exchange to withdraw funds and it happened faster than I expected. Recently, they are fast but, I think they issued a rule that every user will have a wallet address that is attached to a domain name. Like having your name as the first letters on your address. In terms of speed they are recommended if you can bypass their wallet address rule you can check them out.
bi7
newbie
Activity: 4
Merit: 0
Thank you all. The picture is very clear now.
My favourite is still Kraken, but looks like I miss Kucoin. I'm gonna correct it fast.
For moving out, yes I use USDT.
I do not care about network speed. My problem is withdrawing itself. No body like withdraw and made my life more difficult to slow me down.
I've never moved more than $10K in one transaction, old habit. If somebody use to please share.
bi7
newbie
Activity: 4
Merit: 0

Are you series? Monero (XMR) for KYC or non-KYC exchange trading?

I know... I have custom made bot for it. I have to:) 
full member
Activity: 1303
Merit: 128
For a quick transfer of funds between my bots, I collect information about which exchanges are the fastest for withdrawing alt-coins, mostly BTC and XMR. Please share your experience.
Some exchanges are experiencing some delay as well, even Binance have this kind of experience but I think its still fine as long as you received your money. What’s the reason for looking on the fastest exchange in terms of withdrawal? I believe, this should not be your main concern on looking for exchanges, still my top priority on exchanges is for my security and because of that, I’ll go for Binance.
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform
For a quick transfer of funds between my bots, I collect information about which exchanges are the fastest for withdrawing alt-coins, mostly BTC and XMR. Please share your experience.

I have a question:

do you want to know this to use in your bots?

because I have the impression that you are already using all exchanges that have fast withdrawals, but in the end I would say that binance is an exchange that sometimes takes some time to withdraw funds, but I believe you must be aware of this, or if you don't I'm already knowing
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