What is a Crypto Offramp?

A crypto offramp is a pivotal service in the digital currency ecosystem, enabling users to convert their cryptocurrencies back into fiat currency. It complements the onramp process by closing the loop, allowing a seamless transition from digital to traditional currency, ensuring users have complete flexibility in managing their financial assets.

Our offramping service has a transparent platform fee structure with competitive per trade bps rates. We impose very low minimum limits to allow for trades and payments of any size. These fees and limits are regularly reviewed and adjusted to reflect market conditions and user feedback.

In line with regulatory requirements and to ensure the security of transactions, our platform mandates a Know Your Customer (KYC) process. This procedure involves identity verification to prevent fraud and maintain the integrity of our service.

The duration for offramping can vary based on several factors, including the cryptocurrency involved and bank processing times. Settlement is performed daily with our multiple liquidity providers and bank transfers can be settled within hours or a couple of days. We do have platform features that businesses can enable to expedite the offramp process for users - make sure to book time with our sales team to learn more!

Our platform leverages Plaid, a renowned financial services company, to facilitate seamless connections to users' bank accounts. This integration allows for a secure and efficient link between cryptocurrency and traditional bank accounts. With Plaid, users can effortlessly connect their accounts from a wide range of banks, enhancing accessibility and convenience. Once connected, users can offramp their cryptocurrency funds using various methods like Automated Clearing House (ACH) transactions, wire transfers, and other methods. ACH transfers are typically used for their ease and lower cost, ideal for regular transactions.