Like they ask you for Bank statements, income tax returns, and proof of income
Is “Enhanced Due Diligence” a thing when buying crypto in the US? Like via Cash App?
nostr:npub14q8uffuxxnhzd24u4j23kn8a0dt2ux96h5eutt7u76lddhyqa0gs97ct2x
#asknostr
Good Morning 🌞☕️ #nostr fam
#grownostr #plebchain
Where all and how all you can buy #bitcoin
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ChatGPT on on-ramp and off-ramp services
In cryptocurrency, on-ramp services are platforms or tools that allow users to convert traditional (fiat) money—like USD, EUR, or GBP—into cryptocurrency. Think of them as the “entry points” into the crypto ecosystem.
Common examples of on-ramp services:
• Crypto exchanges (e.g., Coinbase, Binance, Kraken)
• Payment processors (e.g., MoonPay, Ramp, Transak)
• Wallet apps with buy features (e.g., MetaMask, Trust Wallet)
How it works:
1. You connect a payment method (like a bank account or credit card).
2. You choose the cryptocurrency you want to buy.
3. The service handles the transaction, and the crypto is deposited into your wallet.
Opposite of On-Ramp?
That would be an off-ramp — services that let you convert crypto back into fiat and withdraw it to a bank account.
Here’s a quick breakdown of some of the most popular crypto on-ramp services and how they work:
1. Coinbase
• Type: Centralized exchange
• How it works: You create an account, verify your identity (KYC), link a payment method (bank, card, PayPal), and buy crypto.
• Pros: Very user-friendly, trusted in the U.S.
• Cons: Higher fees, limited coins in some countries.
2. Binance
• Type: Centralized exchange
• How it works: Similar to Coinbase, but offers more coins and trading features.
• Pros: Lower fees, lots of altcoins
• Cons: Regulatory issues in some regions
3. MoonPay
• Type: Fiat-to-crypto gateway (integrates with other platforms)
• How it works: Lets you buy crypto directly with a card or Apple Pay, often from inside wallets like MetaMask.
• Pros: Fast, easy integration with many apps
• Cons: High convenience fees
4. Ramp Network
• Type: Embedded on-ramp API
• How it works: It’s built into DApps and wallets so users can buy crypto without leaving the app.
• Pros: Seamless experience, compliance-friendly
• Cons: Limited coin support compared to exchanges
5. Transak
• Type: On-ramp + off-ramp API provider
• How it works: Supports fiat-to-crypto and crypto-to-fiat conversions, embedded into wallets and dApps.
• Pros: Supports many payment methods and countries
• Cons: Sometimes slower KYC processes
Under the Hood – How They Work:
• KYC/AML checks: Most on-ramps require identity verification to comply with regulations.
• Payment processors: They work with banks and card networks to process fiat payments.
• Crypto liquidity: They hold or source crypto from exchanges to fulfill purchases quickly.
• Wallet integration: Once you buy, the crypto is either stored on the platform or sent to a wallet address you control.
#crypto #onramp #offramp #bitcoin
Nope
The crypto space is fuckin weird
I tried buying #bitcoin through my Coinbase wallet where I was directed to create an account on Transak
Transak rejected my KYC and have permanently blocked me from using Transak, which effectively means I can’t buy using credit or debit card in my Coinbase wallet
WTF 🤬
Pretty much reduced to using Binance
#grownostr #plebchain
Good Night 😴💤🌙
Time to hit the sack 🛌
#grownostr #plebchain
Is there a link or something?
Lol 😂
How do you get a snort.social #nostr address?
#asknostr
I’m sitting on the recliner, scrolling #nostr
My youngest dog just climbed into my lap and has gone to sleep
No heart to wake him up or disturb his cute snoring 💤


