VelaFi has introduced the Off-Ramp Pre-Order feature, which allows you to create a 'Sell' order even if your account does not yet have sufficient crypto balance. Once the required assets are deposited and received, the system will automatically proceed with the order.

By removing the strict dependency between asset deposits and order creation, this feature allows you to place and lock in orders in advance without waiting for funds to arrive, providing greater flexibility in managing your transactions. The Off-Ramp Pre-Order feature is now available on Web & API.

When to Use This Feature

When creating a 'Sell' order in the VelaFi On/Off Ramp module, if your account does not have enough available crypto balance, you can use the Pre-Order feature to submit the order in advance.

After the order is submitted successfully, the system will automatically update the order status to 'Awaiting Deposit'.

Please carefully review the deposit instructions displayed on the page. After confirming the details, click 'Confirm' to finalize the pre-order.

Once the pre-order is confirmed, the system will reserve a 15-minute deposit window for you. During this time, the order details and quote will remain locked.

If VelaFi does not receive your deposit within the 15-minute , the system will refresh the quote based on the current market price.

A notification will be sent to your account requesting quote confirmation. You must confirm the updated quote to keep the order active.

Once the deposited amount meets the order requirements, your 'Sell' order will continue to be processed automatically.

VelaFi will complete the conversion and payout, and the order status will be updated to 'Completed'.