Generally, CoinSpot tokens are dispatched promptly after receiving the withdrawal confirmation email and approval. And even though the tokens are processed promptly, the withdrawal might take up to 12 hours. Note that it’s essential to allow the broadcast of your withdrawal on the blockchain to avoid any inconveniences.
But What of Time-Sensitive Transactions?
If you regularly have time-critical withdrawals, you should secure your tokens and coins in a private wallet. However, you shouldn’t process time-critical transactions from your CoinSpot wallet.
Usually, automatic token and coin withdrawals are typically made within a couple of minutes. Still, if they request manual approval or the hot wallet doesn’t have enough funds and requires immediate funds refill using a manual process, the withdrawal will take longer than expected. Note that CoinSpot hot wallet is filled periodically to ensure no breach of security protocols.
Other Factors
The withdrawal process may take longer than 12 hours if the wallet is under system management, if there’s an unexpected system outage, or if the wallet is congested.
Similarly, it’s possible to check your transaction status on the unique transaction tab on the page of each wallet. If the status is pending, you’ll need to check your email for correspondence.
However, if your withdrawal has been pending for a significant time, CoinSpot will cancel the withdrawal and send the money back to your wallet. For further assistance, contact the CoinSpot support team.
Related Questions
How Much Can You Withdraw From CoinSpot?
CoinSpot allows you to withdraw $500–$25,000 according to the market liquidity. Even though there are no severe withdrawal guidelines, CoinSpot still expects you to get in touch with them before going through with your withdrawal. This will enable them to process your withdrawal in good time.
Is it Easy to Withdraw Money from CoinSpot?
Yes, securing your money from CoinSpot is one of the most accessible parts, as you only need to click on the confirmation link emailed to you by their team to effectuate the withdrawal. This makes it almost impossible for hackers to tap into your funds.
However, all CoinSpot users are expected to be diligent in managing their passwords and details and not share them with anyone. Similarly, users are expected not to store the login details on their computer or anywhere else where others can access them.
Does CoinSpot Process Withdrawals on Weekends?
CoinSpot deals with requests made at the beginning of the weekend at 2 p.m. processing them on the next business day. Once your withdrawal has been processed, they’ll send you a confirmation email.
Why is My CoinSpot Transfer Taking so Long?
CoinSpot transfers take too long because of time-sensitive transactions. Generally, automatic token withdrawals are processed within minutes, but the process will stretch if you have insufficient funds in your account or if the withdrawal is done manually.
How Long Does it Take to Deposit Money to CoinSpot?
Depositing money on CoinSpot doesn’t take long as you only need to fill in simple details in the preferred bank. The money will be deposited into your CoinSpot account in minutes. And after CoinSpot receives the deposit, they’ll notify you via email.
How Long Does CoinSpot Take to Verify?
It takes ten business days for CoinSpot to evaluate your account and verify your identity. They want to verify that the information you have shared with them is accurate and up to date.
