Ethereum: Bitcoin’s transfer process (BTC) to a wallet housed BTC-E
As a growing community of cryptocurrency users, it is essential to understand the process and time frame to transfer cryptocurrencies. In this article, we will deepen how long it has been transferring Bitcoin (BTC) from its local wallet to a wallet housed BTC-E.
Transfer BTC from the local wallet to the BTC-E wallet
To start, you must have a local wallet containing your bitcoins and a wallet housed BTC-E where you have created an account. Here is a step by step guide on how to transfer bitcoin from one wallet to another:
- Log in the local wallet : access your local wallet through your website or mobile application.
- Select the transfer option : Look for the “transfer” or “deposit” option and choose the menu.
- Enter the address of the recipient : Enter the bitcoin address of the recipient (also known as private key) in the transfer form. This is the same address that you used when creating your BTC-E wallet account.
- Establish the details of the transfer : Complete the amount of bitcoins that will be transferred, the payment method and any additional information required by BTC-E (for example, details of the transaction).
- Confirm the transfer : Check the details of the transfer for the last time and confirm that you want to continue.
Processing time for the local wallet to the BTC-E wallet
The processing time to transfer bitcoin of your local wallet to a wallet housed BTC-E varies according to several factors, including:
- Your Internet connection rate (for example, 1 Mbps compared to 100 Mbps)
- The size of the transaction amount
- The complexity of the details of the transfer
According to the official BTC-E website, the processing time for the transfers of its local wallet to a wallet housed BTC-E is typically around
30 seconds A
2 minutes
. However, this may vary between 5-15 minutes or more in some cases.
Transfer BTC from BTC-e housed in the wallet to the local wallet
Once you have successfully transferred Bitcoin of your wallet housed BTC-E to your local wallet, the process is invested. This is what you should do:
- Log in the local wallet : access your local wallet through your website or mobile application.
- Select the option “Remove” : Search for the “Remove” or “Transfer” option and choose it in the menu.
- Enter the address of the recipient : Enter the Bitcoin address of the recipient in the retirement form, which will be the same as your BTC-E wallet address.
- Establish the retirement details : Complete the amount of bitcoins that will be withdrawn, the payment method and any additional information required by its local wallet (for example, details of the transaction).
- Confirm retirement : Check the retirement details for the last time and confirm that you want to continue.
Processing time for the local wallet to the BTC-E wallet
The processing time to transfer bitcoin from its wallet housed BTC-E to a local wallet is also relatively fast, typically around
1-2 seconds .
In summary, when transferring Bitcoin (BTC) of his local wallet to a wallet housed BTC-E:
- The processing time for transfers of your local wallet to BTC-E can be between 30 seconds and 2 minutes.
- Transfer Bitcoin from BTC-E to your local wallet usually takes about 1-2 seconds.
As with any cryptocurrency transfer, it is essential to ensure that you have the necessary information (for example, the address of the recipient) and follow the correct procedures to avoid errors or delays. If you are not sure of something, do not hesitate to communicate with the BTC-E support team to get help.