The Best Crypto Onramps

By  Beluga Research November 30, 2023

A crypto onramp/offramp makes it easy for a person to buy or sell their crypto using their preferred local payment method. Onramp vendors partner with traditional payment providers to allow credit/debit/ACH/bank wire and many other payment methods. The onramp vendors then partner with crypto exchanges/wallets to allow their users to quickly and easily buy and sell crypto. Normally, the onramps will charge higher fees than if you connected your bank account directly with the exchange or wallet, but many customers prefer to use onramps as it's typically quicker and easier. Most exchanges and wallets use multiple onramps and oftentimes will require KYC. Importantly, onramps do not store the crypto so there is no counterparty risk. Read More

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MoonPay

MoonPay Logo

MoonPay

Min/Max Purchase

$20 min, $10k max

Fee Range

1% - 5%

Crypto Coverage

40+ coins

Transak

Transak Logo

Transak

Min/Max Purchase

$30 min, $70k max

Fee Range

0.49% - 7.99%

Crypto Coverage

170+ coins

Simplex

Simplex Logo

Simplex

Min/Max Purchase

$50 min, $10k max

Fee Range

3%

Crypto Coverage

40+ coins

Kado

Kado Logo

Kado

Min/Max Purchase

$10 min, $10k max

Fee Range

0.69% - 4.49%

Crypto Coverage

22 coins

Questions & Answers

Q. Can I lose my crypto if the onramp goes bankrupt?

A. Because onramps do not take custody of purchased crypto assets, you do not have the same counterparty risk that you would with a custodial exchange. When you make your purchase, you will input a wallet address for the onramp to send the tokens to, and when the transaction is complete the tokens will be held in your own wallet.

Q. Why are the fees always changing?

A. Purchase fees can be dynamic depending on market volatility and demand on the onramp being used. In addition onramps charge an FX fee which is a spread on the price of the token being purchased in order to account for price movement before the onramp is able to complete the transaction. While this is necessary to include for the sake of onramp profitability, sometimes the spreads are very large and incur large fees on the purchaser without them realizing.

Q. How long does it take to receive my crypto?

A. For most purchases made using a debit card, you should receive your crypto within 10-15 minutes. For purchases made using a bank transfer such as ACH, it may take longer due to the time it takes for bank transfers to clear.

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