Please Wait

If you’ve ever traded a stock, you’ll notice it takes up to 3 days for funds and stocks to change hands before they “settle” in your account.  The system has natural delays built into it.  It’s not an entirely hands free, automated process.

If you knew nothing about cryptocurrency, I think you’d expect a similar exchange of funds to be instant.  It’s entirely code based, running on fast computers over fast networks.  There’s no processing done “manually” by people.

Strangely, verifying a Bitcoin or Ethereum transaction can take a long time.  It’s the source of great frustration for the users of crypto, especially people expecting a more efficient financial transaction experience.  The underlying reasons why the delays happen is different, but the experience of the end user is probably about the same.