On-ramp (fiat to crypto)
On-ramping means funding with fiat to buy crypto - for example, depositing euro and purchasing BTC, ETH or a stablecoin. The crypto settles into your wallet or account balance.
Off-ramp (crypto to fiat)
Off-ramping means selling crypto for fiat and withdrawing it - ideally straight to a bank account. With PlatinumEdge, conversions settle into the same account and IBAN that holds your fiat. See crypto-to-fiat & fiat-to-crypto.
Why compliance matters
Reputable on/off-ramps run KYC and AML checks. PlatinumEdge operates these under its documented program as a FINTRAC-registered MSB.
How do I cash out crypto to a bank account?
Use an integrated off-ramp: sell the crypto and have the fiat settle to your bank account or IBAN. PlatinumEdge settles conversions into your existing multi-currency account.
Are on/off-ramps regulated?
They are operated by regulated entities running KYC/AML programs. PlatinumEdge is a FINTRAC-registered Money Services Business.