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truelove256

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We have been talking a lot about partnerships, implementations and wide-scale uses for crypto ramps, both ours ( ramp.network ) and in general. However, sometimes all you need is an easy way to get crypto, and Ramp can help here as well.

A ramp to crypto
The main purpose of crypto on-ramp tools is to provide a great way of onboarding users into different integrated platforms, such as wallets, games and various dApps. Ramp is unique in many aspects tho, one of them being our public instance. One can treat it as a general ramp to crypto: it's not tied to any particular platform or token, rather allows you to purchase a variety of popular crypto in a convenient way.
How to buy crypto in 2021
Time shave surely changed - autonomic robots clean our houses, we drive electric cars and fill taxes online. The old (and not so good) way of getting hold of crypto by making wallets, going to exchanges and undergoing convoluted verification processes is simply bothersome.

Ramp changes this radically for the better: simply go to ramp.network/buy, select your desired currency and crypto and off you go! Depending on your region different payment options are available, but for most countries you can expect debit card, bank transfer, Apple Pay ad Revolut. You need only a crypto wallet, some spare fiat ("traditional") money and 5 minutes of your time.

Screenshot_2021-01-13 Ramp.png


What are the fees?
At Ramp, we do take a fee from your transaction. Some other solutions claims to be free, but when using them you will quickly realize that there are fees, just hidden. We believe in transparency and honesty. The rates depend on your chosen purchase method:

Manual transfer transactions
0.99% per transactions up to 2500 EUR
0.49% per transactions greater than 2500 EUR (0.99% on 2500 EUR, then 0.49% on additional amount)

Easy transfer transactions
1.99% per transactions up to 2500 EUR
1.49% for transactions greater than 2500 EUR (1.99% on 2500 EUR, then 1.49% on additional amount)\
Debit card transactions
2.9%

The minimum fee per transaction is 3.99 EUR. We may also apply an additional network processing fee of up to 0.5 EUR to cover blockchain transaction costs.

These are, at least to our knowledge, the lowest fees you can find on the market. If you ever do encounter any better offers let us know, and we will match.

Screenshot_2021-01-13 Ramp.png


Is it secure?

We have detailed the security aspects in a separate article, but in short: Yes. This stems from a plethora of facts:

- Supervision provided by the Financial Conduct Authority

- KYC identity verification using your bank account data via open banking API

- Smart contracts got audited by Quantstamp

- We process your transaction, but don't hold your money or crypto

Why do I need crypto?
How you will use the newly acquired crypto is entirely up to you. If you're just starting, we suggest giving a thought to investing, as crypto can appreciate in value like no fiat ("traditional" money) does. . This is especially true for DeFi, where growths of 200-fold is not unheard of. If you are not yet sure what DeFi is or how exactly it works, check out one of our previous posts, where we go into the details.

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Crypto can also be used to order pizza, play collectible card games, buy ads and even make brand-new, local currencies for communities. The possibilities are endless, and you will join a large number of peers in their journey through the new frontier.
Enter the crypto revolution with Ramp!

Source: https://blog.ramp.network/ramp-for-individual-users
website: https://ramp.network/
Facebook: https://www.facebook.com/RampNetwork/
Linkedin: https://www.linkedin.com/company/rampnetwork/
Twitter: https://twitter.com/RampNetwork
 
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truelove256

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We have been writing about crypto ramps and on-ramps for quite some time, but recently found out that the term itself does not really have a clear definition elsewhere. To avoid confusion, make things easy & propagate good terminology in the industry, we have decided to make things transparent.
What is a crypto ramp?
We believe crypto and blockchains are some of the most promising technologies to emerge in the current millenium. Since Bitcoin's famous hike in price, thousands of other digital currencies emerged, Some are simply a novelty, others are used by enterprises and as investment platforms. The possibilities and use cases are endless, but from the very get-go crypto had an underlying issue.

The barrier of entry was quite high. Explaining how wallets, exchanges, tokens and various different solutions work to any beginner would make their heads spin. For the last few years making crypto accessible and easy to use was the most critical task of any project from this space.

Crypto ramps are solutions designed to be a bridge: a way to connect our physical world with the digital one, including their currencies. This is achieved by offering easy, secure and fast ways to exchange fiats to crypto, and crypto to fiats. Even shorter: ramps are what makes you buy & sell crypto for "everyday", tangible money.

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What is fiat?
Despite sounding astonishingly similar to a car brand, fiats in crypto represent the traditional, old money - good ol' USD, EUR, GBP, and so on. The term itself is actually an abbreviation for fiduciary money - an item that depends for its value on confidence that it is an accepted medium of exchange. It originated as a paper certificate that was a promise to pay a certain amount of gold or silver to the bearer.

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As some of you may know, due to how public debts and the current economy models work, we are no longer at the stage where fiats represent actual value in gold. The only value paper money holds in this day and age is the promise that you will be able to pay for stuff with it, not much different from leading crypto (such as Bitcoin).

On-ramp vs ramp
One thing you might be wondering about is, of course, what's the difference between ramps and on-ramps? This is a bit harder to nail down: many people use them interchangeably. There doesn't seem to be a single, coherent definition, but we have prepared one for you.

On-ramp is, linguistically speaking, a direct opposite of off-ramps (more on this one below). On-ramp means that you are able to buy crypto for your fiat money (again: USD, EUR, GBP, and so on). As such, it's only the initial part of the ramping process: a way to start and get into crypto.

Crypto off-ramp
In contrast, crypto off-ramps are ways to transform your crypto into fiat money. These allow you to exit the crypto market with your funds, for instance after a successful investment. It's still only a part of the whole process though.

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Crypto ramp definition
By crypto ramp, we usually understand the whole process: a way to both get crypto & get rid of it for fiat money. This creates a complete ramp that you can put stuff on and off, giving you fill flexibility and control.

By giving users the power to go back and forth, a truly seamless experience is made and the barrier of entry for crypto finally is being lowered.

Ramp can also be understood as a tool (like ours, simply called Ramp) - it does, however, need to be both-sided as well. Any tool that offers ramp capabilities for crypto technology makers (such as wallet providers) should have a way to both buy & sell crypto for fiat in order to be a true ramp and provide full value. And that's exactly what we do best.

In contrast to crypto exchanges, ramp solutions usually are not chosen directly by the user, but rather by the developer/provider of a wallet or app. Instead of creating an account and using a 3rd party just to buy or sell crypto on a separate platform, users can stay in their environment (a game, crypto trading or investment app) and see a nice-looking screen that will guide them through the process. That's because the developers implemented a ramp SDK or API, integrating a ramp solution directly into their own mechanisms. This is, in short what makes crypto ramps different from Coinbase and other similar platforms.

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On-ramp vs onboarding
Sometimes we hear people saying that onboarding sounds quite similar to on-ramp. To a certain extent, this is true: by implementing a crypto ramp, the application does not need to make its users visit external, 3rd-party apps and websites. Verification and purchase process are much easier, and since users can quickly get a hold of some crypto, it's trivial to make them use it in a game, trading platform, ICO or any other end goal.

These 2 terms should not be used interchangeably, though. Ramp is simply a way to make new user onboarding better - but it's not the only one and it covers only part of the user's journey. In this context, think of crypto ramp like of a sword in an RPG game: it is a great tool to slay pesky UX monsters, but you need to swing it and bring some other items, too.

We hope this article cleared things up a little bit. Stay tuned for more in the near future.
Ramp on!

Source: https://blog.ramp.network/what-is-crypto-ramp
website: https://ramp.network/
Facebook: https://www.facebook.com/RampNetwork/
Linkedin: https://www.linkedin.com/company/rampnetwork/
Twitter: https://twitter.com/RampNetwork
 
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