Definition
An on-ramp connects a payment method such as a bank transfer or card to a crypto purchase. It can be offered by an exchange or an external payment provider. Sending cryptocurrency from another wallet is a crypto deposit, not itself a fiat on-ramp.
How It Works
The provider quotes a conversion, collects payment, performs required checks, and credits or delivers the purchased asset. Payment acceptance, purchase execution, and withdrawal availability may occur at different times. The final amount depends on the exchange rate, spread, payment charges, and any delivery fees.
Key Considerations
Supported currencies, assets, payment methods, and locations differ. A card authorization is not necessarily final settlement, and funds may be held during checks. Verify the provider and delivery destination, then compare the total crypto received for the same fiat payment rather than only the advertised fee.