How long does it take to withdraw from CoinJar?

However, it's important to note that the speed of the transaction depends on the receiving bank's compatibility with PayID. If your bank does not support this feature, the withdrawal will be routed through a different channel.

In cases where PayID is not supported, CoinJar sends the withdrawal as a standard bank transfer, also known as a direct credit. This traditional method, though reliable, may take longer to complete compared to NPP transfers.

Specifically, when a withdrawal is processed as a standard bank transfer, it can take up to three days for the funds to reach your account. This extended timeline is due to the additional steps involved in the transfer process and the varying processing speeds of different banks.

Despite the potential delay, users can rest assured that their funds are secure and being processed diligently. CoinJar prioritizes the safety and security of its users' assets, ensuring that every transaction undergoes rigorous checks and balances.

Withdrawals from CoinJar undergo a swift process, facilitated through NPP transfers. This ensures that funds reach their destination in a matter of minutes, offering users a seamless and efficient experience.