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Processing Time and Status Tracking for Digital Assets

A comprehensive look at the details regarding the transferral of digital assets.

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Written by FGA
Updated over 2 years ago

Transfer Process

Transferring digital assets between your FGA account and other exchanges/wallets involves three steps:

  • Withdrawal/deposit instruction on FGA

  • Blockchain network confirmation

  • Deposit on the corresponding platform

Typically, a withdrawal/deposit instruction will take some time to confirm that particular transaction and even longer for the funds to be injected into the destination wallet. The amount of time required for “network confirmations” varies from blockchain to blockchain.

Processing Time

The processing time for each digital asset is as below:

Injection/Transfer:

Bitcoin

< 30 minutes

Ethereum and ERC20 Tokens (including NFT)

< 10 minutes

Tron and TRC20 Tokens

< 5 minutes

Solana and SPL Tokens

< 5 minutes

Withdrawal:

Withdrawal instructions for digital assets are usually processed within 2 business days.

Tracking

Due to possible network congestion, there might be a significant delay in processing your transaction. You may use the public transaction hash to look up the status of the transfer of your assets by using a blockchain explorer. To locate your Public Transaction Hash, please see How to find my public transaction hash.

Below are some suggested block explorers:

Related Articles:


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