USD Deposits & Withdrawals
Wire Transfers: Paxos will credit your wire deposit as soon as it has been received by our bank. Note that your deposit will be returned if there's missing and/or incorrect information in your wire instructions.
Domestic wire withdrawals are processed via the FedWire system and may take 1-3 business days to settle. International wire withdrawals may take 1-5 days to reach the beneficiary bank.
CBIT Transfers: CBIT transfers can be processed 24/7, however you may experience a longer processing time in some instances. CBIT Deposits are not subject to any limits.
*Weekend & Holiday Schedule: Note that USD wire transfers are not processed on weekends & on US banking holidays. CBIT transfers are processed 24/7.
Digital Asset Deposits & Withdrawals
As of February 21, 2023, Paxos no longer supports withdrawals of BUSD from our platform. Learn more.
Please be aware that these are guidelines only and not intended to be SLAs with customers.
Deposits: All digital assets are credited to your account once it receives the appropriate amount of confirmations on the blockchain. You can see the confirmation requirements in the chart below.
Digital Assets Confirmations Requirements
|
Digital Assets |
Confirmations Required |
Estimated Time |
|
Bitcoin (BTC) |
3 confirmations |
30 minutes |
|
Ether (ETH), USDP/BUSD/PYUSD/PAXG (ERC20) |
12 confirmations |
3 minutes |
|
Bitcoin Cash (BCH) |
15 confirmations |
2.5 hours (~150 minutes) |
|
Litecoin (LTC) |
12 confirmations |
30 minutes |
|
Solana (SOL), USDP, PYUSD (SPL) |
32 slots* *The unit of consensus in Solana are slots not blocks like in other blockchains. |
16 seconds |
Withdrawals: Withdrawals to new addresses will typically undergo compliance review to protect the safety of our customers assets. Withdrawals to confirmed addresses are typically initiated within 15 minutes, but will take some time to broadcast and be confirmed on the blockchain:
- All ERC20 & ETH assets: Generally broadcasts within 20mins for withdrawals to previously confirmed wallet addresses
- BTC and LTC: Generally broadcasts within 45 mins for withdrawals to previously confirmed wallet addresses
- BCH: Generally broadcasts within 2.5 hours for withdrawals to previously confirmed wallet addresses
- SOL: Generally broadcasts within 1 minute for withdrawals to previously confirmed wallet addresses
Holiday Schedules: Digital asset withdrawals may be processed at limited capacity during observed US & Singapore national holidays. Digital asset deposits are unaffected.