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Crypto Off-Ramp

Definition

A crypto off-ramp is a service that allows users to convert digital assets back into traditional fiat currency. These services are essential for realizing profits from cryptocurrency investments or for using digital asset earnings in the conventional financial system. Off-ramps typically involve cryptocurrency exchanges, peer-to-peer platforms, or specialized payment processors that facilitate the exchange and withdrawal of funds to bank accounts or debit cards. The availability and efficiency of off-ramps are crucial for the liquidity and practical utility of digital assets.