What are the factors that can affect the speed of SOFI ACH transfers in the digital currency market?

1 answers

• MD S UJO NNov 22, 2022 · 3 years ago
  In the digital currency market, the speed of SOFI ACH transfers can be influenced by various factors. Network congestion is one of the key factors that can slow down the transfer speed. When there are many transactions being processed on the network, it can result in delays and longer transfer times. Another factor is the transaction fee. Higher fees may incentivize miners to prioritize other transactions, leading to slower transfer times for transactions with lower fees. Additionally, the size of the transaction can also impact the speed. Larger transactions may require more time to process compared to smaller ones. It's important for users to consider these factors and plan accordingly when using SOFI ACH transfers in the digital currency market.
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