What is the fastest way to buy and sell crypto?

Crypto-powered financial transactions are now commonplace in our world. Despite its numerous advantages, several challenges still plague this promising payment gateway. One of them is speed. On-ramp and off-ramp limits are also another challenge; however, in this article, you will discover the fastest way to buy bitcoin and other coins. Also, this will be insightful for you if you desire to buy bitcoin with credit cards. 

The most popular exchanges known for speed

There are a number of factors that determine the speed of transactions on a crypto exchange. Factors such as order type, network congestion, the crypto currency involved, and on/off ramp limits can affect the transaction speed, especially for B2B transactions where huge financial transactions come to play. Here are a few crypto exchanges where you can buy crypto fast.

Kraken Exchange

It takes 2 business days for withdrawals to come into your Fiat account, but for withdrawals less than $1 million, it doesn’t take up to a day. This is a great feature for B2B transactions. Getting verified for your first deposit on Kraken may require a few days, especially if your verification requires manual procedures. 

Also, Kraken’s low rates draw interest from people who make crypto payments often. A downside to using Kraken is the limited on-ramp and off-ramp limits for businesses not on the pro plan. For instance, there is a $100,000 withdrawal and deposit limit for a 24-hour duration in the intermediate plan. Also, they offer a limited selection of cryptocurrencies. 

Binance

Binance is arguably the largest crypto exchange, and their instant crypto transactions seem to be a bragging right of theirs. Although congestion levels and the cryptocurrency involved determine processing speed, it often takes 30 minutes for a transaction to be processed. Also, it often takes several hours or even days to get a new account verified for trading. This depends on the number of verification requests the Exchange is handling at the time of your request.

Although Binance boasts a wide collection of crypto currencies and competitive fees, the complexity of their platform interface makes navigation difficult for beginners. On/off ramp limits can be a problem for businesses, as this is decided by the verification level of the business, such as KYC, and also its location. However, for citizens of the United States with verified KYC status, they can make only a deposit of $7.5 million and withdraw $1 million daily via bank wire.

Coinbase

Coinbase is regarded as a beginner’s choice due to its simple and user-friendly features. When it comes to speed of transactions, buying and selling crypto works instantly if the local demonination is registered with the Coinbase account. For wire transactions, it takes a business day, and for withdrawals into bank accounts using the SEPA route, it takes between 1-2 working days. Meanwhile, account verification usually take between 10 minutes to 2 days.

They are known for relatively easier on/off ramping procedures, although it often takes up to 3 days to take out your crypto. Their security game is top-notch, but some users complain of Coinbase’s relatively high fees and limited selection of cryptocurrencies. 

Crypto.com

Crypto.com boasts high-speed order matching and an execution time of 2-3 hours for withdrawals. Its use of sophisticated technology gives it its speed. Account opening and verification usually take several minutes, hours, or even days. This means that you may have to wait a couple of days after your account opening before making your first deposit.

However, thanks to its integration with Visa cards, you can link your card to your crypto account and make regular payments, and if you are a holder of the CRO token (Crypto.com’s token), you stand a chance to receive rewards. 

Despite their fast on-ramp and off-ramp processing speed, inhibiting limits do apply. The limits are set according to frequency, daily, and monthly plans. Its relatively high transaction fees are another point of consideration.

Bybit Exchange

On Bybit Exchange, withdrawals are processed within 30 minutes, but this doesn’t include withdrawals of fiat into regular bank accounts. It is another crypto exchange that boasts fast processing speeds and competitive fees. Setting up a Bybit account is relatively fast, as it can take about 15 minutes. However, confirmation of KYC details may take up to 2 days. 

Their neatly designed mobile app and beginner-friendly interface make navigation easier. However, fiat support is a limitation. This hampers the prospect of businesses seeking fluid international transactions patronizing the platform. Also, with an emphasis on derivative trading and a smaller selection of cryptocurrencies, it is not favored by businesses despite its speed. 

Why trust Shield for your Crypto transactions?

Businesses often have to get paid in other currencies, especially if they operate in a country different from their base. In such cases, converting fiat currency into cryptocurrency becomes a necessity. You can be in Argentina while your business makes money in US dollars. In such a scenario, you would have to convert your money to USDT or USDC for seamless and faster utilization in Argentina.

That’s where Shield Securities comes in. We help your business overcome the delays associated with conventional international banking. With Shield Exchange, you can be sure of a compliant, affordable, and fast way to receive international payments or make cross-border payments for your business. Unlike other exchanges where you have to endure for days to get verified before making your first deposit, at Shield, your verification is instant, and you can begin to enjoy our services almost immediately. Also, our on-ramp and off-ramp limits are favorable for business transactions. Thanks to our preference for stable coins, you can safeguard your cash from sudden currency fluctuations as you transact between South America, Europe, North America, and across the world.