Overview of Crypto trading

What is a fiat on-ramp/off-ramp?


"A fiat on-ramp is an exchange or similar service that allows for digital assets like securities and cryptocurrencies to be exchanged for fiat currency like the US dollar. On-ramps are a software-based service built by a financial service provider, usually with a banking license to legally operate in their specific jurisdiction. A fiat on-ramp is the first step in exchanging or trading cryptocurrencies for many users who first purchase digital assets with fiat currency."

"A fiat off-ramp is an exchange or similar service that allows for digital assets like securities and cryptocurrencies to be exchanged for fiat currency like the U.S. dollar. Off-ramps are a software-based service built by a financial service provider, usually with a banking license to legally operate in their specific jurisdiction. A fiat off-ramp enables users who have purchased cryptocurrencies to convert their digital assets back into fiat currencies."

Source: Gemini


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