What is a Fiat On-Ramp?

A fiat on-ramp is a service that facilitates the purchase of cryptocurrencies with fiat currencies such as the US dollar or Euro. This type of service provides users with an easy and convenient way to buy digital assets with traditional money, which simplifies the process for new crypto investors. It also allows traders to quickly enter and exit positions in the cryptocurrency markets without needing to wait for bank transfers to be processed. Typically, an on-ramp will require customers to verify their identity before they can make a purchase.

By using a fiat on-ramp, investors can quickly enter and exit positions in the cryptocurrency markets without needing to wait for processing times or use multiple exchanges. These services also provide excellent liquidity options, allowing traders to easily access the asset classes they desire without having to navigate different jurisdictions. Overall, fiat on-ramps are a great way for new traders to get started in the cryptocurrency markets and take advantage of the many opportunities that these digital assets provide.

Simplified Example

A fiat on-ramp is like a bridge that connects your real money to the virtual world. Imagine you are in a game and you want to buy something, but you only have real money. A fiat on-ramp is like a bridge that connects the game to the real world, so you can use your real money to buy virtual goods. Similarly, a fiat on-ramp is a way for you to use your real-world money, like dollars or euros, to buy digital currencies like Bitcoin or Ethereum. It's like a bridge that connects the traditional financial system to the world of digital currencies, so you can easily move your money back and forth.

History of the Term "Fiat On-Ramp"

The exact origin of the term "fiat on-ramp" is unclear, but it is believed to have emerged in the early days of cryptocurrency, around the time when Bitcoin was gaining widespread recognition. As more people became interested in buying and selling cryptocurrency, there was a need for easy and convenient ways to convert fiat currency (such as USD, EUR, or GBP) into cryptocurrency.


Coinbase is a popular on-ramp in crypto that allows users to purchase Bitcoin, Ethereum, and other digital assets with fiat. Additionally, it has a feature called Instant Exchange which enables trading of one digital asset for another without having to leave the platform. 

Gemini is an on-ramp that enables users to buy and sell cryptocurrency using USD through bank transfers or wire transfers from their bank accounts. The platform also supports ACH transfers as well as debit cards for faster deposits and withdrawals. 

Kraken is another reputable on-ramp in crypto that offers users the ability to convert fiat currencies into cryptocurrencies such as Bitcoin, Ethereum, Ripple, etc. It also permits direct deposits through SEPA transfer, wire transfer and international transfers. Kraken also supports debit and credit cards, as well as other payment methods such as Apple Pay and Google Pay.

  • Fiat: Currency that is issued by a central bank and declared legal tender.

  • Digital Asset: A type of financial asset that exists only in digital form and is stored and traded on electronic networks.