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Ramp launches off-ramp with Real-Time Payments for crypto payouts

06 December, 2022

Users from 35 US states and territories can now cash out from 37 cryptoassets directly via Ramp and into their bank accounts. Europe and global coverage to follow in January 2023!

We’re ecstatic to announce that today we’re officially launching our off-ramp. Hooray! Starting now, end-users can not just purchase, but also cash out of crypto directly with Ramp.

Initially, off-ramp is available for users in 35* states and territories in the United States for 37** cryptoassets across 18** different blockchains, and for US Dollars. We’re working as fast as we can on adding more states, countries, assets, and currencies - so expect to hear news soon!

We’re so far the only major off-ramp provider to offer Real-Time Payments (RTP) in the United States. RTP allows users to receive funds in as little as 20 seconds, rather than hours or even days. Further payout methods will be announced in January 2023.

Our off-ramp product is ready to be integrated by new and existing partners seeking to offer their users a fast, secure and convenient way to exchange crypto for US dollars, directly from within their interface.Off-ramp_gif_white

Why off-ramp

Reducing friction associated with moving between traditional currencies and digital assets is the greatest barrier to the widespread adoption of cryptocurrencies. On-ramps and off-ramps play a pivotal role in tackling this by creating a reliable flow between fiat and cryptocurrencies.

Whereas our on-ramp product allows users to convert their fiat money into cryptocurrencies, off-ramp empowers users to transfer their digital assets back into fiat currency - enabling an integrated, 2-way digital economy between web3 and the traditional financial system.


Off-ramp features

Ramp’s off-ramp product offers highly competitive fees of just 0.99% per transaction (with a minimum of $3.99). Integrators may also set up an extra fee for their services.

Initially, end users will have the option to process their transactions through automated clearing house (ACH) transfers, a common method used for direct deposits of paychecks, debts for regular payments, and money transfers.

Users whose banks allow for RTP will benefit from this faster method, which will see dollars deposited into their accounts typically in under 20 seconds.


The future of off-ramp

We’re already working on expanding our off-ramp into the UK and Europe, and we’re also introducing new payout methods through 2023 to increase options for our global users.

“The crypto and Web3 ecosystems are ever closer to mainstream adoption. But major setbacks like the recent FTX implosion demonstrate the need for products that are resilient, compliant with fair and fast services. We often hear how difficult it is for a consumer to purchase crypto from fiat currencies. But the factor that is regularly cited as the most off-putting when considering buying digital assets is that would-be crypto users wouldn’t know how to sell them back for fiat. That’s why off-ramp is such an important product for businesses who want to reach mainstream adoption, and our product is going to be leading the way when it comes to coverage, conversion rates, and pricing,”

-- Paulina Jóśków, head of commercial at Ramp.

Integrating Ramp into a Web3 application is easy and free. Learn more and register your interest today to get started with your off-ramp integration!


Register your interest



*: Ramp’s off-ramp product is currently available in all US states except Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Louisiana, Maryland, Nevada, New Jersey, New Mexico, New York, Ohio, Oregon, Vermont, Washington.

**: Currently supported cryptoassets and blockchain networks include: ADA (on Cardano), ATOM (on Cosmos), AVAX (on Avalanche), BAT (on Ethereum), BNB (on Binance Smart Chain), BTC (on Bitcoin), BUSD (on Binance Smart Chain), CELO (on Celo), CUSD (on Celo), DAI (on Ethereum, Optimisim, and Polygon), DOGE (on Doge), DOT (on Polkadot), ENS (on Ethereum), ETH (on Arbitrum, Ethereum, Optimism, and Polygon), FTM (on Fantom), KSM (on Kusama), LINK (on Ethereum), LTC (on Litecoin), MANA (on Ethereum), MATIC (on Polygon), NEAR (on Near), RLY (on Ethereum), RON (on Ronin), SOL on Solana, SLP (on Ronin), SAND (on Ethereum), USDC (on Ethereum, Avalanche, Polygon, and Solana), USDT (on Ethereum, and Solana).


Join the innovators who have integrated Ramp!

Have a look at our SDK documentation.