Crypto ramps: the bridge between fiat and crypto

Getting into cryptocurrency can seem daunting, but crypto ramps make it a lot easier. Whether you’re looking to buy or sell digital currencies, crypto ramps are here to help. 

Let’s break down what crypto ramps are and show you how to use them for both buying (on-ramping) and selling (off-ramping) crypto.

What are crypto ramps? 🤔

Crypto ramps are services that let you convert regular money (like dollars or euros) into cryptocurrencies (like Bitcoin or Ethereum) and vice versa. Think of them as the bridge between your traditional bank account and your digital wallet. They make it super simple to get started with crypto or to cash out when you need to.

Some popular crypto ramps include:

• MoonPay: offering a user-friendly way to buy and sell cryptocurrencies, MoonPay supports various payment methods such as credit cards, bank transfers, and even Apple Pay for purchasing cryptocurrencies. When it’s time to sell, MoonPay makes it easy to convert your crypto back into cash and deposit it into your bank account.
• Ramp Network: particularly beneficial for those interested in decentralized finance (DeFi), Ramp Network facilitates quick crypto purchases through bank transfers or credit cards. It seamlessly integrates with many DeFi apps, and selling crypto is just as straightforward, enabling you to transfer funds back to your bank account.
• Paybis: renowned for its high transaction limits and diverse payment method support, Paybis is suitable for both small and large transactions. With options like credit cards, bank transfers, and more, buying crypto is convenient. Additionally, when you need to sell, Paybis offers a straightforward process to convert crypto to cash.

How to use crypto ramps

🟢On-ramping: buying cryptocurrency

1. Choose a crypto ramp: Pick a service like MoonPay, Ramp Network, or Paybis.
2. Set up an account: Sign up and complete any necessary verification steps (they might ask for ID).
3. Select cryptocurrency: Choose the crypto you want to buy and the amount you want to spend.
4. Choose payment method: Select how you want to pay (credit card, bank transfer, etc.).
5. Complete the purchase: Enter your payment details and confirm the transaction. Your crypto will be sent to your wallet.

🔴Off-ramping: selling cryptocurrency

1. Choose a crypto ramp: Pick a service that supports selling crypto, like MoonPay, Ramp Network, or Paybis.
2. Log in: Access your account on the platform.
3. Select cryptocurrency: Choose the crypto you want to sell and how much you want to convert to cash.
4. Enter payout details: Provide your bank account or other payout information.
5. Complete the sale: Confirm the transaction. The money will be transferred to your bank account once the sale is processed.

Conclusion

Crypto ramps are your gateway to easily buying and selling cryptocurrencies. Services like MoonPay, Ramp Network, and Paybis make the process simple and user-friendly. Whether you’re starting your crypto journey or looking to cash out, these platforms have you covered. Happy trading!