What is on-ramp & off-ramp?

A crypto on-ramp is a platform or service that allows users to purchase cryptocurrencies using fiat currencies ($ / £ / € ). On-ramps typically offer a variety of payment methods, such as bank transfers, credit or debit card payments, and even methods such as Apple Pay.

A crypto off-ramp, on the other hand, is a platform or service that allows users to sell their cryptocurrencies and convert them back into fiat currencies. Off-ramps typically offer bank transfers to withdraw funds directly into your bank account.

On-ramps and off-ramps are important because they are a bridge for people to enter and exit the cryptocurrency market. They allow users to easily buy and sell cryptocurrencies, which can help facilitate the widespread adoption and use of digital assets, without the need to use a CEX (Centralized Exchange), allowing users to still purchase crypto without having their assets held by an organization.

The StrikeX Wallet currently offers 2 on-ramp & off-ramp providers; Transak & Mercuryo.

View Article: How to purchase/sell Cryptocurrencies using the StrikeX Wallet

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