This article explains the time it takes to receive crypto after buying. For how long it takes to receive a payout after 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.
đł 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 Network 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.
âď¸ 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.
â 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.
đ How do I check the status of my crypto purchase?
After completing your purchase, youâll be automatically redirected to your transaction receipt within Ramp Networkâs application. Itâs a good idea to save this receipt and take note of the transaction ID, as it can be helpful if you need to contact our support team.
Additionally, once your transaction is completed, you will receive an email confirmation containing all your transaction details, including a link to the transaction receipt. If you havenât received this email yet, donât worry - your purchase is likely still being processed, and the email will be sent as soon as the transaction is finalized.
â ď¸ What to do if your transaction fails
If your transaction fails, you will also receive an email with information about the failed transaction, along with the transaction receipt.
For possible reasons check: Why are my crypto purchases being rejected?
If youâve already been charged for a transaction that fails, this usually means your bank has placed the amount on hold. In such cases, the bank will typically process a refund automatically within 3-10 business days. If the refund hasnât been processed within this timeframe, please contact your bank first.
For more info about refunds check: How long does a refund take for purchases on Ramp Network?
If youâre having trouble accessing your receipt or have any other concerns, donât hesitate to contact our support team - weâre here to help!