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If you’re wondering how long it will take to receive your cryptocurrency after buying it on Coinbase, the answer depends on a few factors. We’ll give you the details so you can plan accordingly.
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Introduction
It can take anywhere from a few minutes to a few days for your crypto to arrive in your Coinbase account. The delivery time will depend on the currency you’re buying, your payment method, and whether or not you’re a verified customer.
In this article, we’ll give you an overview of how long it typically takes to receive different types of crypto on Coinbase. We’ll also provide some tips on how to speed up the process.
What is Coinbase?
Coinbase is a digital asset exchange company headquartered in San Francisco, California. They broker exchanges of Bitcoin, Ethereum, Litecoin and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.
How long does it take to receive crypto on Coinbase?
It depends on the cryptocurrency you are trying to receive. Generally, Coinbase can take anywhere from a few minutes to a few hours to process transactions. However, if you are trying to receive Bitcoin (BTC), Litecoin (LTC), or Ethereum (ETH), your transaction will likely be processed much faster than other cryptocurrencies.
What factors can affect the time it takes to receive crypto on Coinbase?
Cryptocurrency deposits can take anywhere from a few minutes to several hours. The time it takes for a deposit to be reflected in your account depends on three factors:
-The blockchain of the cryptocurrency you are depositing (for example, Ethereum is faster than Bitcoin)
-Network congestion (more people are making transactions at the same time)
-The amount you are depositing (larger transactions require more confirmations from the network)
You can check the status of your deposit on the deposit page. If your deposit is not showing up, we recommend checking the transaction on a blockchain explorer like EtherScan or Bitcoin Explorer to see if it is still pending or has been confirmed.
Conclusion
It typically takes 1-5 business days for Coinbase to process a deposit from your bank account. If you’re sending a wire transfer, it may take 1-2 days for the funds to appear in your Coinbase account. Once the funds are available in your Coinbase account, you can instantly convert them to crypto.
