How long does it take to deposit cryptocurrencies?
For security reasons and to avoid the risk of double spending, we require cryptocurrency deposits to receive a certain number of confirmations on their respective blockchain before the funds can be credited to your account.
In cryptocurrencies, confirmations measure how many blocks have passed since a transaction was added to a certain blockchain. Once a transaction has been included in a mined block, the transaction has received 1 confirmation. With each subsequent block, the number of confirmations increases for the transaction. The more confirmations, the more secure the transaction.
The execution times can vary based on the speed you selected when initiating your transfer, the conditions of the network and the number of required blockchain confirmations.
Below you can find an overview of the required number of confirmations for every cryptocurrency supported by Finst.
Please note that we are not able to affect or control the speed at which transactions are confirmed on their respective blockchains.
In cryptocurrencies, confirmations measure how many blocks have passed since a transaction was added to a certain blockchain. Once a transaction has been included in a mined block, the transaction has received 1 confirmation. With each subsequent block, the number of confirmations increases for the transaction. The more confirmations, the more secure the transaction.
The execution times can vary based on the speed you selected when initiating your transfer, the conditions of the network and the number of required blockchain confirmations.
Below you can find an overview of the required number of confirmations for every cryptocurrency supported by Finst.
Please note that we are not able to affect or control the speed at which transactions are confirmed on their respective blockchains.
| Asset | Ticker | Blockchain confirmations | Expected time |
|---|---|---|---|
| 0x | ZRX | 64 | 12 min |
| Aave | AAVE | 64 | 12 min |
| Algorand | ALGO | 1 | 30 sec |
| Avalanche | AVAX | 20 | 1 min |
| Basic Attention Token | BAT | 64 | 12 min |
| Binance Coin | BNB | 25 | 1 min |
| Bitcoin | BTC | 2 | 20 min |
| Bitcoin Cash | BCH | 15 | 2,5 hr |
| Cardano | ADA | 15 | 10 min |
| Chainlink | LINK | 64 | 14 min |
| Chiliz | CHZ | 64 | 12 min |
| Compound | COMP | 64 | 12 min |
| Cosmos | ATOM | 1 | 1 min |
| Cronos | CRO | 64 | 12 min |
| Curve Dao | CRV | 64 | 14 min |
| Decentraland | MANA | 64 | 14 min |
| Dogecoin | DOGE | 40 | 40 min |
| Enjin | ENJ | 64 | 14 min |
| Eos | EOS | 2 | 30 sec |
| ETH classic | ETC | 1200 | 6 hr |
| Ethereum | ETH | 64 | 14 min |
| Fetch.ai | FET | 64 | 12 min |
| Gnosis | GNO | 64 | 12 min |
| Kyber Network | KNC | 64 | 12 min |
| Litecoin | LTC | 10 | 30 min |
| Loopring | LRC | 64 | 12 min |
| Maker | MKR | 64 | 14 min |
| Near Protocol | NEAR | 1 | 1 min |
| Numeraire | NMR | 64 | 12 min |
| Pax Gold | PAXG | 64 | 12 min |
| Polkadot | DOT | 2 | 1 min |
| Polygon | MATIC | 64 | 14 min |
| Powerledger | POWR | 64 | 12 min |
| Quant | QNT | 64 | 14 min |
| Ripple | XRP | 1 | 30 sec |
| Solana | SOL | 1 | 30 sec |
| Storj | STORJ | 64 | 12 min |
| SushiSwap | SUSHI | 64 | 12 min |
| Tether | USDT | 64 | 12 min |
| Tron | TRX | 1 | 30 sec |
| Uniswap | UNI | 64 | 14 min |
| USD Coin | USDC | 64 | 12 min |
| Yearn Finance | YFI | 64 | 14 min |
Updated on: 08/12/2023
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