since we like to keep you informed about interesting features of our exchange, we decided to put up a series of articles to describe some of Coinmate’s perks.
One of these is application programming interface (API). It is well known to traders whose work is automated, but it could be a great tool for all of you. Read more
Bitcoin (BTC) withdrawal options have been separated into two streams, allowing you two ways to withdraw. There is a faster way, called “high priority” with slightly higher fees. Also a standard way, called “economy” with lower fees.
High priority BTC withdrawal – this super-fast alternative is processed every seven minutes, and should allow your BTC withdrawal to be confirmed within 30 minutes.
Economy BTC withdrawal – this standard option is processed every 60 minutes. For your convenience you can see a countdown for each new batch of transactions to be sent. Your BTC withdrawal should be confirmed within two hours. Correspondingly this option has lower fees.
Question: Which crypto exchange has the fastest Bitcoin withdrawals?
Answer: We think it’s Coinmate. Getting BTC from the exchange and into your own personal wallet using our “high priority” withdrawal option is certainly among the fastest and possibly the absolute fastest way that any crypto exchange can do it.
BTC withdrawal via API
Additionally, BTC can be withdrawn directly via Coinmate’s API. This is a more advanced option which is very convenient if you want to withdraw in batches or automate withdrawals or pay with ease into different wallets. The API can be configured to make more complicated mass payouts simpler, while still being safe and having the lowest possible fees.