The withdrawal processing time for transferring funds from a blockchain wallet to a bank account can vary based on several factors. Here are some general guidelines:
- Wire Transfers:
- If you’re withdrawing funds via a wire transfer, you should typically receive your money within 5 to 10 business days.
- For wire transfers to US banks, there are currently no fees applied.
- The minimum withdrawal amount for wire transfers is $10.
- Blockchain Wallet Holds:
- If you’re using a Blockchain.com account, be aware of any withdrawal holds. These holds may delay the transfer process.
- For example, if you plan to withdraw your funds to a DeFi Wallet or an external address, wait for 3 days (72 hours) for the holding period to complete before proceeding.
- SEPA Transfers:
- If you’re cashing out to your bank account via a SEPA transfer, it generally takes 1 to 2 business days.
- SEPA (Single Euro Payments Area) transfers are commonly used for European bank accounts.
- For other types of wire transfers, the completion time may vary but should typically be within one business day.
Remember that specific platforms and banks may have their own processing times, so it’s essential to check the details provided by your wallet or exchange. Patience is key during the transfer process!