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The issue is with transmitting money in another country. That's what takes several days (from Germany to USA for example). They buy BTC in Germany for EUR, send
by tudorconstantin 8y ago
The issue is with transmitting money in another country. That's what takes several days (from Germany to USA for example). They buy BTC in Germany for EUR, send them to the guy in USA who then sells those for USD. It probably takes less than 5 minutes the whole operation.
- madeofpalk 8y agoRead the comment again. Exchanges like Transferwise work by not actually transferring your money internationally. Once Transferwise receives my money in their UK account, they just instantly transfer the money from their Aus account to the recipient. It doesn't take several days because my money never actually went overseas