How to Offramp Crypto to Fiat in APAC Countries

It has become clear a long time ago that crypto and decentralized solutions came here to stay, and so it happened. There are multiple tools for on-ramping digital money, which means it’s possible to conveniently convert fiat into digital currency. However, there’s less options to offramp crypto, that means, responsively, to turn it back into the money you bought it for.

How Can Asia Residents Offramp Crypto to Fiat?

Today, the most popular options to sell crypto for cash are:

  • Centralized exchanges that allow transferring funds to a bank account. This may take more time than you might have expected and the fees are quite high. There are several existing options there. You can use a P2P, where a merchant assists you. However, it can be risky, and also takes too much time – from 30 to minutes. Exchanges can have the third party gateways that can come with less profitable rates compared to P2P.
  • Local P2P platforms like Remitano, BitcoinVN, Luno etc.
  • Non-custodial crypto wallets like MetaMask, TrustWallet etc.
  • OTC platforms and local exchangers.

Fortunately, the infrastructure keeps evolving, and more possibilities for crypto fans keep emerging. In terms of money permits, digital as well, legal restrictions and regulative rules play a big role. The amount of available ways to sell crypto tax free may vary depending on the country you’re in.

How to Sell Crypto Without P2P in Asia

These sites will help you if you reside in one of them and want to sell crypto – India, Malaysia, Nigeria and other countries from the list are covered by their service.

Swapple

Swapple has a 4-star rating on Trustpilot and is regarded as a platform where safety is the priority. Users also noted the responsiveness of their tech support. It enables safe and fast operations, supports local payment methods and positions itself as a business-oriented space to seamlessly offramp crypto. Swapple has a very simple and transparent algorithm of operation. Currencies available for offramping are:

– IDR (QRIS, Virtual Account),
– UAH (Visa/MasterCard),
– KZT (VISA/Mastercard),
– PHP(gcash, Maya),
– VND (Online Banking)
– MYR (DuitNow),
– THB (QR, Online Banking), and INR (UPI).

Swapple has low fees and unique local methods of operation. You can purchase the currencies from their partner exchanges – Probit, Bitget, Bybit.

Swapplle offramp crypto

TransFi

This is a big platform oriented on Asia specifically that supports a lot of local payment options in more than 40 countries. TransFi supports business payments and has a whole ecosystem within Web3 space including 25 blockchains, a payment system, buy and sell options, premium service and a framework for corporations. Whether you want to sell crypto in Nigeria, settle payments between different countries or sell crypto to INR as an individual – they got you covered. A weekly summary is a convenient tool to check your transactions.

Transfi offramp

MoonPay

MoonPay is an online service that supports individual and corporate options to buy, swap or sell crypto. Indonesia, China and other Asian countries are covered by an easy to use and safe service that is integrated with multiple websites and applications that support Web3.I

Onramp.Money

Onramp.Money is an exchange with relatively low processing fees, where you can buy and sell crypto. It also has a convenient option of purchasing NFTs for marketplaces. To provide the profitable rates, it works with the liquidity providers all over the world and also supports dapps to help users subsidize the fees.

At the moment, it’s hard to find offramp crypto service for Asian-Pacific residents that allows them to anonymously sell crypto. No KYC is still a big concern for regulators, but the ecosystem evolves with a lightning speed, and the best things are yet to come.

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