>If I sell stock through my stockbroker, I can have funds in a bank account within hours. You ought to be able to sell BTC and get funds in your account in Chas

>If I sell stock through my stockbroker, I can have funds in a bank account within hours. You ought to be able to sell BTC and get funds in your account in Chase or Barclays via wire transfer within hours. This sounds false on several levels. Stock settlement occurs 2 days after the trade executes. Then transferring the money from the brokerage to the bank account via ACH takes 3 business days. Some brokerages may call the cash settled after 1 day, but the ACH still takes multiple days to land in your bank account. Wire transfers often come with fees outside of Credit Unions who may generously waive it but the cutoff time is 5PM EST at best and in some cases earlier than that, otherwise you need to wait until the next business day.