Crypto On-Ramps: What are they (and why are they useful)?
You have $1,000 USD set aside and you’re ready to jump into crypto.
What comes next is a series of steps that involves:
- Creating multiple accounts
- Verifying your identity
- Connecting and authenticating a bank account
- Depositing funds
- Waiting for any no-withdrawal limitations to expire
- Transferring funds to a wallet
- Connecting your wallet to any number of sites where you can execute trades and/or swaps
If it sounds complicated… it’s because it IS complicated — especially for those with little-to-no experience dealing with cryptocurrencies.
What we’re talking about here are “on-ramps,” or in other words, how you get fiat money (think dollars, euros, etc.) into crypto markets. But just like on-roads and highways, some on-ramps are easier to use than others, and in recent years, a great deal of innovation has gone into making it easier to move money in (i.e., through on-ramps) and out (via off-ramps) of crypto markets.
And one such innovation is the ability to fund your non-custodial wallet without ever having to leave a decentralized application, or dApp, such as Bridges Exchange.
As you might imagine, the ability to buy crypto without leaving a dApp or wallet greatly simplifies the process of getting started. You can fund a wallet, much like you’d fund any other virtual account, such as your Starbucks mobile app.
Here at Bridges, we’ve long been interested in on-ramps because they’re consistent with our mission to make the future of finance work for everyone. And last month, we completed the due diligence process to become an official partner of Ramp.
In other words, on-ramps aren’t coming to Bridges Exchange — they’re already here — meaning it’s never been easier (or safer) to jump into crypto.
To get started, simply head over to the swap page of Bridges Exchange, connect your wallet, and click Buy with Fiat in the BNB info card. You can also learn more by visiting the Bridges Knowledgebase at https://learn.bridges.exchange/. (Pro tip: Just search the term ramp for an easy-to-find list of resources about both on-ramps and off-ramps.)