Binance US, the American arm of the popular cryptocurrency exchange Binance, began rolling out ACH deposits on September 18th, 2019. The feature allows U.S. customers to deposit U.
S. dollars directly from their bank account into their Binance US account.
Binance US is currently the only major cryptocurrency exchange that offers ACH deposits, making it a big draw for customers looking to buy and trade digital assets. But how long do these deposits take to process?
The answer, unfortunately, is not straightforward. Binance US has stated that ACH deposits can take anywhere from 1-5 business days to process.
However, some users have reported that their deposits have taken much longer than that to show up in their account.
NOTE: WARNING: Binance US ACH deposits may take between 1 to 5 business days to complete. Binance US is unable to provide any guarantee or timeline on when your deposit will be available in your account. If you have not seen the funds in your account within the expected time frame, please contact Binance US support for assistance.
One user on Reddit reported that their ACH deposit took 9 days to process, while another said that theirs took 17 days. Clearly, there is a wide range in terms of how long these deposits can take.
The reason for the variation is likely due to the fact that banks handle ACH transfers differently. Some banks may process them more quickly than others.
Additionally, weekends and holidays can also impact how long it takes for an ACH transfer to go through.
So if you’re looking to deposit U.
dollars into your Binance US account via ACH, be prepared for it to take a few days for the funds to show up. And if you’re in a hurry, you may want to consider using a different method of deposit such as wire transfer or credit/debit card.
6 Related Question Answers Found
Binance US, the American subsidiary of the world’s largest cryptocurrency exchange, recently launched ACH (Automated Clearing House) withdrawals for its users. The ACH system is a network of financial institutions that allows for the electronic transfer of funds between accounts. Previously, Binance US users could only withdraw funds from their accounts via wire transfer, which could take up to 5 business days.
Binance is a world-renowned cryptocurrency exchange that allows users to buy, sell, and trade a variety of digital assets. One of the many benefits of using Binance is that it offers a variety of deposit and withdrawal options, one of which is bank transfer. Bank transfer deposits on Binance usually take between 1-3 business days to process.
ACH withdrawals from Binance can take anywhere from 1-5 business days. The actual time it takes for your withdrawal to hit your account will depend on your bank’s processing times. Some banks may process ACH withdrawals faster than others.
It can take anywhere from a few minutes to a few hours for your deposit to show in Binance. The time it takes for your deposit to show will depend on the cryptocurrency you are depositing, the network conditions of that cryptocurrency, and whether or not you have completed all of the required steps for the deposit. If you are depositing Bitcoin, for example, it can take anywhere from a few minutes to an hour or more for your deposit to show.
It can take up to 24 hours for your withdrawal to be processed by Binance. However, once it is processed, the funds should appear in your account within 2-3 days. There are a few things that can affect the amount of time it takes for your withdrawal to be processed:
-The time of day that you submitted your withdrawal request.
Binance US, the American arm of the popular cryptocurrency exchange Binance, has been up and running for over a year now. In that time, it has built up a loyal user base and established itself as one of the leading exchanges in the US. One of the key features of Binance US is its withdrawal process, which is fast, efficient and reliable.
