How to convert Crypto to Fiat?

Some of the popular and the most reputable exchanges to convert your crypto to fiat or fiat to crypto are are Coinbase, Binance, Kraken, Gemini and BitStamp. All these platform offer a streamlined process making it easier for you to buy, sell, send, receive and convert cryptocurrencies.

How does Crypto-to-Fiat conversion work?

Yet, the mechanism behind their crypto-to-fiat conversion is the same. To start paying with these cards, a person has to top-up their card’s fiat balance using their crypto wallet. In other words, Crypto.com simply converts the user’s crypto funds to fiat when transferring them from the wallet to the card’s balance.

How can I convert my digital assets to Fiat?

Crypto enthusiasts can use exchanges and debit cards to convert their digital assets to fiat, while enterprises can utilize crypto payment gateways to accept Bitcoin and altcoins. Note: this article was originally published on April 22, 2021.

What is a Fiat off-ramp?

Off-ramp can also mean exchanging crypto for other goods and services. On the other hand, if you want to turn your fiat to crypto, you'll use the fiat on-ramp method. As the main basis of the global economy, fiat has an important role to play in the blockchain-based financial sphere.