The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Before answering this question, let me talk to you about what Bitcoin withdrawal is. Bitcoin withdrawal means that you can transfer your Bitcoin and other digital currencies from one exchange (wallet) A to another exchange (or wallet) B. When you use Alipay, you will encounter the withdrawal function, which allows you to withdraw money from Alipay to your bank card. After understanding Bitcoin withdrawal, let's get back to the topic. How long does it take for Bitcoin withdrawals to arrive? Below, I will give you a detailed analysis of the Bitcoin withdrawal arrival time.

 How long does it take for Bitcoin withdrawals to arrive?

It depends on the situation. If the Bitcoin network is congested, it may take 2 or 3 hours to arrive. The average generation time of each Bitcoin block is 10 minutes. After waiting for 6 blocks to be generated, the transaction can be finally confirmed (considering the security attributes). Therefore, generally speaking, transactions in the Bitcoin system take 60 minutes to confirm, that is, the transfer is successful.

In addition, in order to ensure that every transaction occurs, the miners in the Bitcoin network compete to help you record (confirm) this transaction, and generally a certain handling fee is set to reward the first miner who successfully records the account. Therefore, the higher the reward is, the faster the transaction will be. If there are too many transactions at the same time, the network is congested, and the handling fee is set low, it is very likely that the transaction confirmation time will be greater than 1 hour or even more than 24 hours.

Of course, if it is a transaction within the trading platform, the account display is generally in seconds, because the transaction is not on the chain at all. But if you want to withdraw Bitcoin to your wallet or another trading platform, the trading platform will generally charge you a handling fee as a miner fee and a platform fee.

However, the Bitcoin Lightning Network technology has emerged, and small amounts of Bitcoin can be transferred to the account in seconds after testing.

 How long does it take to confirm Bitcoin withdrawals

The normal arrival time of Bitcoin withdrawals is within 24 hours. The specific arrival time varies slightly depending on the receiving bank, and the arrival time is slightly delayed during holidays.

Generally speaking, after a Bitcoin transaction is submitted, it can be broadcast to the entire network within a few seconds; but this does not mean that the transfer is completed. The transaction after broadcasting has only entered the pending confirmation state, and it flows into the pool together with all pending transactions in the network, waiting for miners to pack them into blocks. Once a transaction is packaged into a new block, it is equivalent to getting a confirmation; however, generally speaking, it has to wait until it is confirmed six times, that is, after six more blocks are mined, the transfer process can be considered complete.

Some people may ask "Why do you need to wait for six confirmations?" That's because after six blocks, the transaction can almost be confirmed as final and valid and cannot be changed. From a technical perspective, transactions on the proof-of-work blockchain will never be finally confirmed; for any block, there is always the possibility of a longer fork that starts from the parent block but does not include it. However, in reality, the more blocks are confirmed, the safer the transaction, and the lower the possibility of such tampering and reorganization; and six confirmations are the standard that evolved later to determine whether a transaction can be confirmed to be valid.

Relying on the computing power advantage, the reorganized blockchain can finally become the longest legal chain.

Therefore, six confirmations are basically unchangeable, not absolute. Last May, when the hacker theft occurred, someone proposed to reorganize the block to recover the more than 7,000 stolen bitcoins. At that time, more than seven hours had passed since the theft transaction was first confirmed.

Through the above introduction, I believe that everyone has already understood the question of how long it takes for Bitcoin to be withdrawn. The editor of the Coin Circle reminds investors that they must be patient when trading Bitcoin. After all, for investors in Bitcoin transactions, the purpose of entering the market to speculate in coins is to make money. Therefore, it is understandable that investors are eager to make money and get rich, but remember not to be impatient. Although the purpose of investment is to focus on future returns, reasonable investment requires time and patience. If you want to know more about the relevant knowledge, you can pay attention to the Coin Circle. The editor of the Coin Circle will continue to update relevant reports later!