How long does bitcoin cash trasaction takes place?

[kayode10]

Maybe just the same as using binance to convert it to your local bank account, I always like the act of using the peer-to-peer platform on binance because it is easier and convenient , I don't really know about the P2P platform in Luno and how its really work.

There is no P2P platform on luno. It is fast and easy to convert your cryptocurrency to local currency on the platform. You don't deal with the third party just like binance. There are scammer on binance p2p.

 

[Grandeur]

I made a payout request on this site earlier this morning and after I came back to write my hourly posts, I noticed my alerts and it states that my payment was already sent to my payment option. I chose the bitcoin cash. I immediately went to my wallet and check if the transaction was already reflected ans it turns out it hasn't yet. This is my first time using bitcoin cash, but I used bitcoin withdrawal before.

How long does bitcoin cash transaction usually reflects in our wallet?

It normally takes 3/3 confirmation to send btc cash which should take a few minutes of 45 minutes top but it also depends on the network because congestion sometimes might delay.

 

[Sotherefore]

There is no P2P platform on luno. It is fast and easy to convert your cryptocurrency to local currency on the platform. You don't deal with the third party just like binance. There are scammer on binance p2p.

So how do you convert it to your local bank account when the Federal Government has banned direct withdrawal of cryptocurrency to Banks ? You will never be scam on binance P2P if you follow the required procedure, that you don't release your coin except you confirming payment.

 

[kayode10]

So how do you convert it to your local bank account when the Federal Government has banned direct withdrawal of cryptocurrency to Banks ? You will never be scam on binance P2P if you follow the required procedure, that you don't release your coin except you confirming payment.

You convert the cryptocurrency to voucher on luno and they are going to pay you in local currency. I agree that you have to confirm the payment before You released assets on binance, there some sellers who will forced you to release the assets by open and appear with binance

 

[Sotherefore]

You convert the cryptocurrency to voucher on luno and they are going to pay you in local currency. I agree that you have to confirm the payment before You released assets on binance, there some sellers who will forced you to release the assets by open and appear with binance

Open and appear like how ? I don't really understand please I would like you to explain this for my understanding so I don't fall a victim of scam , someone cannot really forced me to release it when i have not yet confirmed payment.

 

[kayode10]

Open and appear like how ? I don't really understand please I would like you to explain this for my understanding so I don't fall a victim of scam , someone cannot really forced me to release it when i have not yet confirmed payment.

There is nothing like scam when you want to convert your cryptocurrency to local currency on luno app. It is simple process. You buy a voucher with your cryptocurrency and you convert it to local currency on that app it is very straight forward. There is a video on their website that will teach you how to go about it and it is very simple.

 

[Syldan]

Normally bitcoin transactions is not supposed to last for more than an hour but some instances makes the transaction excise more 3 to 3 hours due to either network problems or devices used.
Well, bitcoin transactions may takes more than 2 to 3 hours of transaction even though sometimes there are several factors which may hinder the smoth running of the transaction.

 

[Sotherefore]

There is nothing like scam when you want to convert your cryptocurrency to local currency on luno app. It is simple process. You buy a voucher with your cryptocurrency and you convert it to local currency on that app it is very straight forward. There is a video on their website that will teach you how to go about it and it is very simple.

Well I may not really need luno because I have a binance platform I have been using to convert my cryptocurrency to my local bank account , this one is also as simple as that, between binance and luno which one do you prefer ?

 

[CeeJase]

I made a payout request on this site earlier this morning and after I came back to write my hourly posts, I noticed my alerts and it states that my payment was already sent to my payment option. I chose the bitcoin cash. I immediately went to my wallet and check if the transaction was already reflected ans it turns out it hasn't yet. This is my first time using bitcoin cash, but I used bitcoin withdrawal before.

How long does bitcoin cash transaction usually reflects in our wallet?

I've never really had any transaction with bitcoin the course of the transaction fee that is higher when compared to other cryptocurrencies like litecoin which I prefer to make use of.

 

[Syldan]

Normally, bitcoin transactions, is not expected to last longer more than 24 hours but to some instances it last more that a day to complete. These is because there are some certain factors which limit the transaction process.

 

[Skysaint]

Recently, I had used Bitcoin Cash to receive cryptocurrency from an external source and it was an immediate transaction. When the sender pressed the send button, I received it in my binance wallet because he called just after sending the coin saying I should wait for some minutes maximum for it to reflect but I already received and confirmed the transaction.

 

[Sotherefore]

Well it is among one of the fastest cryptocurrency for transaction, most of the transaction I have been doing result are always delivered within a short period of time , so it may not likely take up to 1 minute for a transaction to be delivered...

 

[Adegbe12]

Payment of all kids of online payment or transaction. Depends on the bank or the payment app you use. Some bank fast then order bank delay of any online payment depends on the app you use.

 

[CeeJase]

How does the bitcoin cash work is there any much difference in its own terms of withdrawal, I really need to know. I know of bitcoin cash but o want someone to enlighten me on how it works or the clear difference

Some of my friends that actually make use of Bitcoin cash for their transaction actually told me that it is faster than bitcoin itself when it comes to the speed of transaction.

 

[joy101]

It doesnt take much time in transaction if really you do all the process very well, I have a brother who used it for withdrawal only take he 2 hours before finished everything.

 

[ahmedo24]

I think after 3 confirmations you should be able to receive your bitcoin cash in your wallet which sometimes is less than 10 minutes but all rare cases when the network is busy it may take up to 30 minutes.

 

[Bookwormlux]

All my Bitcoin cash transactions so far do not take any time as the network is not as saturated as it is the case with so many others like Bitcoin and ethereum that have so many projects running on them.

 

[Ononivami]

The bitcoin cash transaction is also very fast and it has a very minimal transaction fee. The main reason why you have not received it may be due to a network glitch or the person hasn't sent it.

 

[Syldan]

Normally bitcoin transactions is supposed to exit at most 24 hours at least 12 hours depending on the device and the network available in the the location of the transaction but sometimes it exit due to some technical reasons.

 

[Sotherefore]

Normally bitcoin transactions is supposed to exit at most 24 hours at least 12 hours depending on the device and the network available in the the location of the transaction but sometimes it exit due to some technical reasons.

I have never experienced any technical issue before while trying to transfer cryptocurrency using the Bitcoin cash network, I don't know if there is any technical issue in cryptocurrency but most of my transaction are always delivered within a period of 30 seconds.