<p>When the BTC funds are on your <a href="https://mtgox.com/" rel="nofollow">MtGox</a> account, a market sell order is nearly instantaneous and so done in a few seconds, dependent on the amount you buy.</p>

<p>Depositing Bitcoins to MtGox requires <a href="https://support.mtgox.com/entries/20195237-General-Questions" rel="nofollow">6 confirmations</a> before they show up in your account. 6 confirmations means 6 blocks to be mined since your transaction, this <a href="https://en.bitcoin.it/wiki/Blocks#What_is_the_maximum_number_of_blocks.3F" rel="nofollow">will averagely take 1 hour</a> to complete.</p>

<p>The time for withdrawing your US dollars will strongly depend on the <a href="https://support.mtgox.com/entries/20490576-Withdrawals-and-Deposits" rel="nofollow">withdrawal method</a> you want to use.</p>

<p>Note that there are many other exchanges and so this answer only holds for MtGox. It's likely that other exchanges require less confirmations and/or have faster withdrawal methods. </p>

CC BY-SA 3.0
2013-03-26T20:31:53.857Z
2013-03-26T20:31:53.857Z
Steven Roose
<p>For big exchanges like mtgox, what is the longest delay time seen between ordering a sell and closing it?</p>

<p>In other words if I do an emergency sell of a large amount of coins because the exchange rate is dropping by the second, how much value might I lose while waiting for the sell order to complete?</p>

<p>Are there any exchanges that basically guarantee that the price in USD of my sell order when I place it will be the amount in USD I receive no matter how long their system takes to complete it?</p>

<exchanges>
What's the worst-case delay for BTC->USD?
Storedvalue
# What's the worst-case delay for BTC->USD?

(Asked by: username_0 on 2013-03-22)

For big exchanges like mtgox, what is the longest delay time seen between ordering a sell and closing it?

In other words if I do an emergency sell of a large amount of coins because the exchange rate is dropping by the second, how much value might I lose while waiting for the sell order to complete?

Are there any exchanges that basically guarantee that the price in USD of my sell order when I place it will be the amount in USD I receive no matter how long their system takes to complete it?

**Tags:** exchanges


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## 1 answers

### Answer by username_1 on 2013-03-26. Score: 1

When the BTC funds are on your [MtGox](https://mtgox.com/) account, a market sell order is nearly instantaneous and so done in a few seconds, dependent on the amount you buy.

Depositing Bitcoins to MtGox requires [6 confirmations](https://support.mtgox.com/entries/20195237-General-Questions) before they show up in your account. 6 confirmations means 6 blocks to be mined since your transaction, this [will averagely take 1 hour](https://en.bitcoin.it/wiki/Blocks#What_is_the_maximum_number_of_blocks.3F) to complete.

The time for withdrawing your US dollars will strongly depend on the [withdrawal method](https://support.mtgox.com/entries/20490576-Withdrawals-and-Deposits) you want to use.

Note that there are many other exchanges and so this answer only holds for MtGox. It's likely that other exchanges require less confirmations and/or have faster withdrawal methods.


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