Selling crypto for fiat involves multiple steps, each with its own time frame. The total time it takes to sell crypto once you initiate a sale depends on the following factors:
1️⃣ How long you take to transfer your crypto
The first step is entirely up to you: the faster you make your transfer, the faster the next steps can happen.
2️⃣ How long until your transfer is processed and confirmed by the blockchain
The second step depends on the cryptoasset you're selling and which blockchain it's on. This step includes factors that are beyond our control.
Some blockchains confirm transactions faster than others. For example, Cosmos may process and confirm a transaction in a few seconds, while Bitcoin transactions, on average, take anywhere between 10 and 30 minutes to be completed.
Even faster blockchains may experience congestion during periods of high usage, causing transactions to wait in a queue and take longer than average.
3️⃣ What payout method you choose
Once we receive your crypto, the time it takes for the money to reach your account depends on your selected payout method. Below is a table with expected settlement times for each method:
Payout method | Settlement time (indicative) | Available in |
🏦 ACH bank transfer | Up to 2 business days | 🇺🇸 USA (supported states)
|
As fast as 2 minutes | 🇺🇸 USA (supported states)
| |
💶 SEPA bank transfer | Up to 2 business days | 🇬🇧 UK, 🇪🇺 EEA (European Economic Area), 🇦🇩 Andorra, 🇲🇨 Monaco, 🇸🇲 San Marino, 🇨🇭 Switzerland, 🇻🇦 Vatican, |
⚡️ SEPA Instant bank transfer | As fast as 10 seconds | 🇬🇧 UK, 🇪🇺 EEA (European Economic Area), 🇦🇩 Andorra, 🇲🇨 Monaco, 🇸🇲 San Marino, 🇨🇭 Switzerland, 🇻🇦 Vatican, |
🏦 SPEI bank transfer | As fast as 30 seconds | 🇲🇽 Mexico |
💳 Payout-to-card (Mastercard credit and debit cards) | < 30 minutes (Fast fund-enabled) Up to 2 business days (all others) | 🇬🇧 UK and 🇪🇺 EEA (European Economic Area) |
💳 Payout-to-card (Visa credit and debit cards) | < 30 minutes (Fast fund-enabled) Up to 2 business days (all others) | 🌐 All off-ramp supported countries (except the USA) |
Note: For faster payouts, consider asking your bank to enable Fast Funds or RTP
❗ Possible reasons for delays in processing your transaction
While most transactions are processed within the given estimated time according to the table above, some may take longer due to various factors. Banks might delay processing, especially for international transactions or during weekends and holidays. If your funds remain locked for more than 3 days, contact your bank directly for assistance.
High demand for crypto can also cause network congestion, potentially delaying transactions. Additionally, delivery times are based on past experiences and may be affected by unexpected delays, such as the need for extra checks or additional actions.
For a detailed list of possible reasons for delays, check out this article: How come my payout is taking longer when selling crypto on Ramp Network?
This article explains the time it takes to receive fiat after selling crypto. For how long it takes to receive crypto after purchase check out this article instead.