An on-ramp is a service or platform that enables users to convert fiat currency, such as USD, EUR, or other government-issued money, into cryptocurrency. On-ramps are essential for newcomers to the crypto ecosystem, providing a straightforward way to acquire digital assets and participate in blockchain-based applications and services. These platforms typically include cryptocurrency exchanges, payment processors, and specialized services that accept fiat payments through various methods, such as bank transfers, credit/debit cards, or other payment systems. On-ramps often require users to complete KYC (Know Your Customer) and AML (Anti-Money Laundering) checks to comply with regulatory standards and ensure secure transactions. By facilitating the conversion of traditional money into digital assets, on-ramps play a crucial role in expanding the adoption and accessibility of cryptocurrencies.
