What does exchange speed depend on?

BestChange
2 min readJan 31, 2022

We all want transactions to be completed in a matter of seconds, but as a rule, this is technically impossible. We have to wait. At this moment, we start worrying about our money, even if the exchanger is a trusted one. We start checking if we have entered the details correctly, then writing to the tech support. It is understandable, however, most often, it is impossible to speed up the process.

Here are just a few factors that influence the speed of exchange:

🕑 The working mechanism — manual or automatic. Most of the exchangers are now automatized, but there are exclusions. In manual mode, operations are processed on a queue basis.

🕑 In the case of cryptocurrency — the load of the blockchain. It can take up to 20–40 minutes to confirm a bitcoin transaction, and during the periods of a sharp price change, it can take even longer (because there are more transactions in the network).

🕑 Delays in payment systems, banks. This in no way depends on the exchanger. Banks, for example, regulate the possible transfer time of up to 3 days. In practice, of course, it happens faster.

Of course, there can be mistakes and delays on the part of the very exchanger, this option cannot be excluded. In this situation, the first thing to do is contact technical support. You can also leave a complaint on the exchanger page in our monitor BestChange. The exchanger representatives must settle the conflict, writing a reply to the user on BestChange, to preserve reputation.

Please pay attention that in the selection table on BestChange, there are main characteristics of exchangers specified — such as manual mode or transfer through third-party payment systems. If speed is important to you, we recommend choosing automatic services.

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