Which Popular Crypto Exchange Has the Fastest Deposit Times?

With so many cryptocurrency exchanges vying for your business, how do you determine which one is the best? One important consideration is deposit speed – that is, how long it takes for your coins to move from your wallet to an exchange. In this article, Live Bitcoin News compares deposit times for several of the top exchanges.

Transaction Related Anxiety (TRA) – it’s not an official medical diagnosis, but for anyone who has ever transferred cryptocurrency from their wallet to an exchange or other third party, it may as well be. It’s that mini panic attack that ensues from the moment you click the ‘Send’ button on your cryptocurrency wallet until your funds have safely reached their destination. For me, the process usually goes a little something like this:

Is any of this sounding familiar? And that’s just for your run of the mill crypto deposit. The anxiety is even worse if you’re trying to squeeze in a deposit ahead of some looming deadline. Instead of resorting to hot cocoa and a therapy dog, wouldn’t it be nice to know, generally speaking, how long your crypto deposit will take ahead of time?

Which Crypto Exchange Really Has the Fastest Deposit Times?

I recently compared deposit times Binance, HitBTC, and Kraken – each listed as a Top 30 crypto exchange by 24-hour trade volume on CoinMarketCap. For each exchange, I compared the deposit times for several of the Top 10 cryptocurrencies by market cap using data from Bitcoinkit.com. Here are the results:

Overall, HitBTC appears to be the faster exchange in terms of deposit times, but that convenience seems to be offset by the plethora of withdrawal issues that users of the platform appear to experience. With the exception of Ethereum, Binance’s deposit times are pretty close to that of HitBTC. Kraken, on the other hand, is slower for just about every cryptocurrency in the list.

But What About Bitcoin?

You didn’t really think that would forget about Bitcoin, did you? Here are the BTC deposit times across several popular exchanges:

Bitmex reports the fastest deposit time at just 10 minutes, whereas Kraken reports the slowest deposit time of one hour. Keep in mind, though, that Bitmex supports a significantly limited number of cryptocurrencies compared to other exchanges.

Before you deposit your funds on any exchange, do your research. Pay particular attention to any recent security issues and customer support issues and always keep your coins in your wallet until you are ready to trade.

Which crypto exchange do you use? Do you just use one exchange or do you use different platforms depending on which cryptocurrencies you are trading? Let us know in the comments below.

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