How long does it take to receive payment after selling cryptocurrencies?

When you sell your cryptocurrencies on Bitnovo for euros, the process is quite fast. The time until the money is in your Bitnovo Fiat Wallet (euro balance) depends on two main phases:

1. Blockchain Confirmation:

   • The operation must first be confirmed on the cryptocurrency's network. This can take minutes, varying by network (e.g., XRP is faster than Bitcoin or Ethereum) and congestion.
   • Network fees can also influence priority.

2. Money in your Bitnovo Fiat Wallet:

   • Once the blockchain confirms the sale, your euros are deposited into your Bitnovo Fiat Wallet almost instantly.
   • With euros in your balance, you can either withdraw them to your bank (via SEPA or Instant SEPA) or use them to buy other cryptocurrencies.

You can track the status of your operations in your Bitnovo history.