What is off ramping & how does it work?

Off-ramping refers to the opposite process, where you exchange your cryptocurrency for something other than crypto. After all, crypto was created for this purpose. Off-ramping can include both exchanging back into fiat currency, or buying a good or service directly with your crypto.

What is on ramping & off-ramping?

The process of transferring money between crypto and fiat is known as “on-ramping” and “off-ramping”. — This is because the transition from fiat into crypto – and vice versa – is essentially moving value between two totally separate monetary systems, with different rules and dynamics, and entry requirements.

What is the difference between an on-ramp and an off-ramp?

In other words, when you receive cryptocurrency in exchange for something that is not a digital asset, you are using an on-ramp. When you spend cryptocurrency in exchange for something that is not a digital asset, you are using an off-ramp. Both on- and off-ramps are integral parts of the crypto infrastructure.

What is “on-ramping” & how does it work?

When we talk about “on-ramping”, we simply mean using your regular, fiat money (probably your debit card) to buy some crypto. On-ramping sees you leave the traditional monetary system, and enter into the decentralized, blockchain ecosystem instead.