Ramps

Ramp operations enable seamless conversions between fiat currency and cryptocurrency within the virtual wallet ecosystem. Ramps serve as the bridge between traditional banking systems and blockchain-based digital assets, allowing clients to move funds in and out of the crypto economy.

Overview

On-Ramp (Fiat → Crypto) converts traditional currency into cryptocurrency that is credited to a client's virtual wallet. Off-Ramp (Crypto → Fiat) converts cryptocurrency from a virtual wallet into traditional currency that is sent to the client's bankaccount.

We support two types of on-ramp operations:

• Bank Ramp: Transfers via ACH (US), SPEI (Mexico), SEPA (Europe), or PIX (Brazil).
• Credit Card Ramp: Instant purchases via credit cards through a secure payment url.

Off-ramp operations use bank transfers (ACH/SPEI/SEPA/PIX) to withdraw cryptocurrency back to fiat.

How Ramps Work with Virtual Wallets

On-Ramp (Fiat to Crypto):

1. Client initiates a ramp on request and receives fiat deposit information in order to transfer the funds
2. Funds are received and verified
3. Equivalent cryptocurrency is credited to the client's virtual wallet balance
4. Real assets are held in the holding wallet, while the client's virtual balance reflects their ownership

Off-Ramp (Crypto to Fiat):

1. Client initiates a withdrawal from their virtual wallet to their bank account
2. The system deducts the virtual balance from the client's wallet
3. Real cryptocurrency is transferred from the holding wallet to convert to fiat
4. Fiat currency is sent to the client's linked bank account

Before a company can perform any ramp transactions, the following requirements must be met:

1. Client Creation: A client must be registered with complete KYC information, including: - Personal identification documents - Address verification - Tax identification number (country-specific) - Contact information
2. Bank Account Setup: For bank ramp off operations, at least one verified bank account must be linked to the client
3. Active Wallet Association: At least one active management virtual wallet must be created and associated with the client