Crypto On-Ramps

Learn how crypto on-ramps can enhance your Web 3 onboarding flow.

Description

Crypto on-ramps are the means through which a user purchases crypto-assets, such as ETH or tokens. Due to crypto's pseudonymous nature, many governments regulate the flow of money in and out of a blockchain-based ecosystem to thwart illegal money laundering.

Crypto on-ramps have different ways of abiding by KYC/AML regulations, but all of them facilitate the exchange of a user's fiat money (US dollar, Korean won, British pound, etc) for crypto-assets. A user provides their basic information, payment method, and payment to an application's interface and under the hood, a crypto on-ramp acts as the rails to process the transaction.

Why this matters

This means that users can purchase crypto-assets and securely enter and exit the Web 3 ecosystem while complying with KYC/AML regulations.

Available implementation

Wyre

Wyre allows your users to purchase crypto-assets with their bank account or payment cards. Wyre supports a wide range of fiat currencies and crypto-assets and supports operations in a number of countries.

For a more thorough read on Wyre, check out their developer docs.

Moonpay

Moonpay allows your users to purchase crypto-assets with their bank account or payment cards. Moonpay supports a wide range of fiat currencies and crypto-assets and supports operations in a number of countries.

For a more thorough read on Moonpay, check out their website.