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On-ramp in the crypto sphere refers to platforms through which users can purchase cryptocurrency with fiat money. Off-ramp is the reverse process of on-ramp. They allow users to convert cryptocurrency back into fiat money.
The main difference between on-ramp and off-ramp lies in the direction of currency conversion. On-ramp converts fiat money into cryptocurrency, while off-ramp converts cryptocurrency back into fiat currency, allowing users to withdraw earned or invested funds back into the traditional economy.
To enter the world of cryptocurrencies, users need a tool to convert traditional fiat currencies into digital assets, and this is precisely the purpose of on-ramps. They provide conversion in the most natural and convenient way. Here’s why a business related to cryptocurrencies needs on-ramps: