At Ramp Network, we use a floating exchange rate model to price cryptoassets. A floating exchange rate means the value of a currency changes based on market supply and demand.
In the context of cryptocurrencies, floating exchange rates mean that the value of a cryptoasset can change between the time you initiate a transaction and when the transaction is completed.
When selling crypto, the rate you get is determined when your transaction is validated by the blockchain. This means when the blockchain confirms your transaction and your crypto arrives in our wallet.
The quicker your crypto transfer, the better chance you have of getting the rate quoted when you started your transaction.
📊 Why do crypto rates fluctuate?
Crypto exchange rates fluctuate due to various factors
Market Demand and Supply: High demand or low supply can increase rates.
Economic Factors: News, regulations, and economic indicators can impact rates.
Technological Developments: Innovations and improvements in blockchain technology can influence prices.
Market Sentiment: Investor confidence and market trends can cause rapid price changes.
Liquidity: High liquidity leads to more stable prices, while low liquidity can cause significant fluctuations.
💸 Payout methods
The speed of your payout method influences how quickly your transaction is completed, which can affect the exchange rate you receive. Different payout methods have varying settlement times, so choose wisely to get the best rate.
Please note that not all payout methods are available in every region. Below is a table showing the time it takes for each payment method to settle and its availability:
Payout method | Fee | Settlement time (indicative) | Available in |
🏦 ACH bank transfer | Up to 2 business days | 🇺🇸 USA (supported states) | |
As little 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 little as 10 seconds | 🇬🇧 UK, 🇪🇺 EEA (European Economic Area), 🇦🇩 Andorra, 🇲🇨 Monaco, 🇸🇲 San Marino, 🇨🇭 Switzerland, 🇻🇦 Vatican | |
💳 Payout-to-card (Mastercard credit and debit cards) | < 30 minutes (Fast fund-enabled) Up to 2 business days (all others) | 🇬🇧 UK, 🇪🇺 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 USA) |
⛓️ Transaction speed and blockchain confirmation
The speed of your crypto transfer influences how quickly your transaction is completed, which can affect the exchange rate you receive. Different cryptocurrencies and blockchains have varying confirmation times, so choose wisely to get the best rate. Please note that blockchain confirmation times can vary depending on network congestion and other factors.
Sending your crypto to us as soon as possible naturally increases the likelihood of faster receipt. However, please be aware that we do not have control over blockchain processing times.
🏷️ Price discovery
Price discovery involves the process of determining the price of an asset in the market through the interaction of buyers and sellers. At Ramp Network, we utilize data from a trusted partner that aggregates price information from more than 300 crypto exchanges, covering over 30,000 trading pairs across diverse markets. Additionally, we collaborate with another prominent crypto price aggregator to enhance data accuracy and reliability, ensuring robust price discovery mechanisms.
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