Bank AI

Beam

USDC

<h4>For US citizens, trading crypto in the US is not without challenges. Unfortunately, limited options are available. On top of that, you also have the on-ramp and off-ramp issues to deal with.</h4> 
That’s why, we will take a look at USDC on-ramp and off-ramp options in the US. 
<h5>What Is On-Ramping and Off-Ramping Crypto?</h5> 
On-ramping and off-ramping in crypto is something we all need. Here’s what it means: 
<ul> 
 <li>On-ramping is buying crypto with fiat.&nbsp;</li> 
 <li>Off-ramping is the opposite, now you sell your crypto for fiat.</li> 
</ul> 
However, there are a few factors to look out for.&nbsp; For instance: 
<ul> 
 <li style="font-weight: 400;">Transaction fees — Compare the fees between the various providers. They can vary greatly. If on-ramp and off-ramp a lot, this can make quite a difference.</li> 
 <li style="font-weight: 400;">Transaction speed — These speeds can vary between platforms. Network congestion can also play a role.</li> 
 <li style="font-weight: 400;">Ease of use — Make sure the UI suits you. Take a thorough look at your preferred option, mobile or desktop.</li> 
 <li style="font-weight: 400;">Secure and reliable — DYOR, for example, checks on the team. Also check how long they already were active in the crypto space. Are they allowed to operate in your region? Do they have <a href="https://www.altcoinbuzz.io/?s=kyc" target="_blank" rel="noopener">KYC</a> or AML policies in place?</li> 
 <li style="font-weight: 400;">Supported cryptocurrencies and fiat currencies — Check both options. This way, you know that you can do what you plan to do. Make sure they offer your preferred fiat option.</li> 
</ul> 
For our purpose, we don’t include <a href="https://www.altcoinbuzz.io/?s=cex" target="_blank" rel="noopener">CEXes</a>, but concentrate on noncustodial wallets. Furthermore, we are not going to compare the cheapest chains in this article. So, let’s take a look at some available options. 
<h5>Method #1: MoonPay</h5> 
<a href="https://www.moonpay.com/" target="_blank" rel="noopener">MoonPay</a> has 15 million users all over the world. We show you options on two different chains. 
1) Ethereum 
<ul> 
 <li style="font-weight: 400;">Buying fiat or on-ramp — $100 will get you $93.14 USDC via Debit Card.&nbsp;&nbsp;</li> 
 <li style="font-weight: 400;">Selling crypto or off-ramp — $100 USDC gets you $95.01 USD.</li> 
</ul> 
2) Polygon 
<ul> 
 <li style="font-weight: 400;">On-ramp or buying crypto — with $100 you get $96.06 USDC via Debit Card.&nbsp;</li> 
 <li style="font-weight: 400;">Off-ramp or selling — $100 USDC gives you $95.01 USD.</li> 
</ul> 
The costs consist of network fees and processing fees. See the picture below. 
<img decoding="async" class="aligncenter wp-image-134443 size-full" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/02/FireShot-Pro-Webpage-Capture-367-1-kaito-on-X_-_I-broke-down-cut-offramp-solutions-for-USDC-in-the-U.S-based-on-3-_-twitter.com_.png" alt="USDC" width="607" height="809" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/02/FireShot-Pro-Webpage-Capture-367-1-kaito-on-X_-_I-broke-down-cut-offramp-solutions-for-USDC-in-the-U.S-based-on-3-_-twitter.com_.png 607w, https://www.altcoinbuzz.io/wp-content/uploads/2024/02/FireShot-Pro-Webpage-Capture-367-1-kaito-on-X_-_I-broke-down-cut-offramp-solutions-for-USDC-in-the-U.S-based-on-3-_-twitter.com_-225x300.png 225w, https://www.altcoinbuzz.io/wp-content/uploads/2024/02/FireShot-Pro-Webpage-Capture-367-1-kaito-on-X_-_I-broke-down-cut-offramp-solutions-for-USDC-in-the-U.S-based-on-3-_-twitter.com_-315x420.png 315w" sizes="(max-width: 607px) 100vw, 607px"> 
Source: <a href="https://twitter.com/0xkaito/status/1752510033806623225/photo/4" target="_blank" rel="noopener">X</a> 
<h5>Method #2: Coinbase Pay, Stripe, and Sardine</h5> 
For this, we first look at on-ramping on Ethereum with Instant ACH on MetaMask.&nbsp; 
<ul> 
 <li style="font-weight: 400;"><a href="https://help.coinbase.com/en/coinbase/trading-and-funding/coinbase-pay/using-coinbase-pay" target="_blank" rel="noopener">Coinbase Pay</a> on-ramp — For $100 you get $93.42 USDC.</li> 
 <li style="font-weight: 400;"><a href="https://stripe.com/en-th" target="_blank" rel="noopener">Stripe</a> on-ramp — $100 gets you $92.45 USDC.</li> 
 <li style="font-weight: 400;"><a href="https://www.sardine.ai/" target="_blank" rel="noopener">Sardine</a> on-ramp — $100 for $89.32 USDC.</li> 
</ul> 
On Polygon we would see these numbers. 
<ul> 
 <li style="font-weight: 400;">Coinbase Pay on-ramp — For $100 you get $96.48 USDC.&nbsp;</li> 
 <li style="font-weight: 400;">Stripe on-ramp — $100 gets $94.71 USDC.&nbsp;</li> 
 <li style="font-weight: 400;">Sardine on-ramp — $100 for $92.16 USDC.</li> 
</ul> 
Now let’s take a look at their off-ramping options. Here we noticed that you can only off-ramp ETH through MoonPay or Transak. They offer either a bank transfer or debit. So, in this case, 0.04278 ETH (approx ~100 USDC) would be ~ $94. However, actual prices may vary, since we didn’t click the provided links. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 We’re introducing a Stripe-hosted fiat-to-crypto onramp (no code required) and unlocking the waitlist for the embeddable onramp. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6f9.png" alt="🛹" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/U9OW2cjFrZ">https://t.co/U9OW2cjFrZ</a> <a href="https://t.co/jjmkDUiOqc">pic.twitter.com/jjmkDUiOqc</a> 
 — Stripe (@stripe) <a href="https://twitter.com/stripe/status/1654156129960615938?ref_src=twsrc%5Etfw">May 4, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h5>Method #3: Ramp Network</h5> 
With <a href="https://ramp.network/buy" target="_blank" rel="noopener">Ramp Network</a>, we will compare Ethereum and Avalanche. 
On ETH:&nbsp; 
<ul> 
 <li style="font-weight: 400;">On-ramp or buying — For USD 100, you receive $93.70 USDC via Apple Pay.&nbsp;</li> 
 <li style="font-weight: 400;">Off-ramp or selling — USD 100 gets you USD 98.1 via Bank Transfer.&nbsp;</li> 
</ul> 
On AVAX: 
<ul> 
 <li style="font-weight: 400;">Buying or on-ramping — $100 USDC gets you $96.1 USDC via Apple Pay.</li> 
 <li style="font-weight: 400;">Selling or off-ramping — For $100 USDC you get USD 98.09 via Bank Transfer. </li> 
</ul> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Don't invest unless you're prepared to lose all the money you invest. 
 Tired of scrambling for your passport every time you onboard web3 with a new provider? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f635-200d-1f4ab.png" alt="😵‍💫" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 We now offer document-free KYC, bringing the dream of 1-click on-ramping one step closer to reality! 
 Our commitment… <a href="https://t.co/W50sQA4kBp">pic.twitter.com/W50sQA4kBp</a> 
 — Ramp (@RampNetwork) <a href="https://twitter.com/RampNetwork/status/1757431622637322720?ref_src=twsrc%5Etfw">February 13, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h5>Method #4: Transak</h5> 
With <a href="https://transak.com/" target="_blank" rel="noopener">Transak</a>, we look once more to Ethereum and Avalanche. 
On Ethereum: 
<ul> 
 <li style="font-weight: 400;">On-ramping or buying — USD 100 gets you $94.19 USDC via Bank Transfer.&nbsp;</li> 
 <li style="font-weight: 400;">Off-ramping or selling — For $100 USDC you get USD 93.40 via Debit Card.&nbsp;</li> 
</ul> 
On AVAX: 
<ul> 
 <li style="font-weight: 400;">Buying or on-ramping — For USD 100, you receive $94.49 USDC via Bank Transfer.</li> 
 <li style="font-weight: 400;">Selling or off-ramping — $100 USDC gets you $93.61 via Debit Card. </li> 
</ul> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Transak X Visa <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b3.png" alt="💳" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
 Now, millions of users from over 145 countries <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30d.png" alt="🌍" class="wp-smiley" style="height: 1em; max-height: 1em;"> can enjoy the freedom of converting over 40+ Cryptos <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa99.png" alt="🪙" class="wp-smiley" style="height: 1em; max-height: 1em;">to Fiat and deposit funds directly to their <a href="https://twitter.com/Visa?ref_src=twsrc%5Etfw">@Visa</a> debit cards with <a href="https://twitter.com/Transak?ref_src=twsrc%5Etfw">@Transak</a>.<a href="https://twitter.com/hashtag/TransakXVisa?src=hash&amp;ref_src=twsrc%5Etfw">#TransakXVisa</a> <a href="https://t.co/S1edudUDXm">pic.twitter.com/S1edudUDXm</a> 
 — Transak (@Transak) <a href="https://twitter.com/Transak/status/1752343065208017191?ref_src=twsrc%5Etfw">January 30, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h5>Method #5: Beam</h5> 
<a href="https://beam.ansiblelabs.xyz/" target="_blank" rel="noopener">Beam</a> supports 6 chains. These are: 
<ul> 
 <li>Ethereum.&nbsp;</li> 
 <li>Solana.</li> 
 <li>Avalanche.</li> 
 <li>Stellar.</li> 
 <li>Bitcoin.</li> 
 <li>Polygon.</li> 
</ul> 
The platform will create a Beam address for you on these chains. You can send the following assets to these addresses, ETH, SOL, MATIC, AVAX, and USDC. Beam converts these to USD and will send it to your bank account or debit card. Beam also offers low fees. For example, 
<ul> 
 <li>Cryptocurrencies — 3% fee per transaction. This splits up into 1% for processing and 2% for trading.</li> 
 <li>Stablecoins — Only 1% fee per transaction.</li> 
</ul> 
To sum up. This seems to make Beam the cheapest option that we covered in this article. Ramp comes into second place on <a href="https://www.altcoinbuzz.io/?s=avalanche" target="_blank" rel="noopener">Avalanche</a> for both on-ramping and off-ramping. Respectively, $100 USD for $96.1 USDC and $100 USDC for $98.1 USD. However, with Coinbase Pay, we noticed that they already offer free on-ramping. However, wallets, like MetaMask, appear to charge the mentioned fees. 
This article was inspired by this <a href="https://x.com/0xkaito/status/1752510006463979562?s=20" target="_blank" rel="noopener">X thread</a>. 
<img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" alt="Coins" width="714" height="88" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" sizes="(max-width: 714px) 100vw, 714px"> 
<iframe title="The Shocking Rise of Injective INJ: Why It's Set to Overtake Solana SOL" width="696" height="392" src="https://www.youtube.com/embed/SvvDyMmTtrs?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
Disclaimer 
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours. 
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. 
Copyright Altcoin Buzz Pte Ltd. 
The post <a href="https://www.altcoinbuzz.io/reviews/best-on-ramp-off-ramp-solutions-for-usdc-in-the-u-s/">Best On-Ramp + Off-Ramp Solutions for USDC in the U.S.</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.

Best On-Ramp + Off-Ramp Solutions for USDC in the U.S.

Altcoin Buzz

2024년 2월 20일에 게재된 다른 기사

TEDP4

ETH ETF : Ethereum ETF Date Released?

OpenAI’s GPT-4 Turbo receives stealth update for 2023

Imminent Collapse? Ethena Labs’ 27.6% Annual Yield Sparks Debate

StarkNet Ignites Excitement in the Crypto World

ChatGPT can write smart contracts; just don’t use it as a security auditor

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!