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by pjc50
3033 days ago
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.. but slower than contactless or other card transactions, and (usually) slower than Faster Payments. (Comparing to securities settlement is interesting, because cryptocurrency exchanges use off-blockchain "settlement" within themselves. Trades execute near-instantly because they're just updating a database. However, settling your money out of an exchange can take a lot longer) |
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Usually only if there's something wrong, like a technical or KYC issue. In many cases it is possible to execute a trade and withdraw as fast as the blockchain (or your bank) will allow.