Freewallet

How long does it take to receive money?

First of all, your transaction needs to be confirmed by the blockchain. In most cases, Freewallet requires 10 network confirmations or only 3 for the BTC wallet. Usually, it takes about 20 minutes to process a transaction. There is a progress bar under your transaction to inform you about your transaction status.

Confirmation means that a transaction has been processed by the network and is highly unlikely to be reversed. Transactions receive a confirmation when they are included in a block, and then for each subsequent block.
Although for a low-value transaction a single confirmation may be considered secure enough, larger amounts, such as  $1000, for instance, often need 6 or more confirmations.

Each confirmation exponentially decreases the risk that a transaction will be reversed.