Why Does Buying Bitcoin Take So | Long
: These methods are faster, often completing in under 15 minutes , but they come with significantly higher fees (e.g., 4% to 8%) compared to bank transfers. 2. Identity Verification (KYC)
The longest part of buying Bitcoin often isn't the Bitcoin network itself, but the legacy banking system used to fund the purchase. why does buying bitcoin take so long
: Standard bank transfers in the U.S. typically take 3 to 5 business days to settle. Exchanges like Coinbase may let you "buy" at a locked-in price immediately, but they often hold the funds until the bank transfer is verified to prevent fraud. : These methods are faster, often completing in