This article explains the time it takes to receive crypto after a purchase. For how long it takes to get paid when selling crypto, check out this article instead.
The time it takes to receive your cryptocurrency can vary based on several factors. These include the payment method you use and the processing times of the blockchain. Additionally, unexpected delays can sometimes occur. Understanding these factors can help you manage your expectations and ensure a smooth transaction experience
💳 Payment method
We send your crypto as soon as we receive your funds. The timing of your payment can vary between minutes and days, depending on the method you choose. For example, credit and debit card transactions are usually processed within minutes, while bank transfers might take longer.
For more detailed estimates, you can check out this article: What payment methods does Ramp support for buying crypto?
Additionally, you can check the status of your transaction on the transaction receipt, ensuring you stay updated every step of the way.
⛓️ Blockchain processing time
Once we receive your funds, sending your crypto depends on the blockchain you're using. While we process your crypto immediately after receiving your payment, blockchain confirmation times can range from a few seconds up to a few hours.
For example, Cosmos may confirm a transaction in seconds, while Bitcoin transactions typically take between 10 and 30 minutes to complete. However, during periods of high usage, even faster blockchains can experience congestion, causing delays.
❗ Unexpected Delays
Delivery times are estimations based on past experiences. There's always a chance that transactions can be delayed due to circumstances beyond our control. Some transactions might face unexpected delays if, for any reason, we have to conduct extra checks or if additional actions are required.
For a detailed list of possible reasons for delays, check out this article: Why haven't I received my funds yet?
Understanding the timing involved in receiving your cryptocurrency after a purchase is crucial for a smooth transaction experience. By considering factors such as payment method variations, blockchain processing times, and potential unexpected delays, you can manage your expectations effectively.