What are on-ramps and off-ramps? - Crypto in Plain English - Episode 174 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it27 Mai 2022

What are on-ramps and off-ramps? - Crypto in Plain English - Episode 174 - by cryptohunt.it

What are on-ramps and off-ramps?

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

You’ve likely heard the terms on-ramp and off-ramp in the crypto context before. And of course you figured out that we are not talking about actual ramps leading on and off freeways.

But those on- and off-ramps serve a similar purpose in the crypto world: They describe the process of buying into crypto and selling out of crypto for real-world money.

How does it work? Very simple.

To on-ramp, you use a provider, for example a crypto exchange like Coinbase or Binance, that will connect with your bank account or credit card. Then they charge you real-world money, such as Dollars or Euros, and give you crypto in exchange.

Off-ramp is exactly the opposite. Sell crypto for money, send the money back to your account.

And you can see why both are essential. Without people on-ramping into crypto, blockchains would have no value. And if you couldn’t sell again, there wouldn’t be many reasons to buy into it in the first place, given that paying for everyday purchases with crypto is still not really a thing at all.

And if you’ve ever gone through the process yourself, you will know that these providers ask for a ton of personal information: They don’t exactly make it easy to buy in and out. In the next episode we’ll talk about why: A little acronym called KYC is at fault.

Stay tuned until then! We are thrilled you are listening to this podcast!

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Episoder(373)

How the future of music will look like with AI - Episode 365 - by cryptohunt.it

How the future of music will look like with AI - Episode 365 - by cryptohunt.it

How the future of music will look like with AI Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In...

22 Feb 20232min

How a future with AI will look like: No more “Googling” things - Episode 364 - by cryptohunt.it

How a future with AI will look like: No more “Googling” things - Episode 364 - by cryptohunt.it

How a future with AI will look like: No more “Googling” things Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing idea...

21 Feb 20232min

How a future with AI could look like for movies - Episode 363 - by cryptohunt.it

How a future with AI could look like for movies - Episode 363 - by cryptohunt.it

How a future with AI could look like for movies Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: I...

20 Feb 20232min

A brief update on FTX - Episode 362 - by cryptohunt.it

A brief update on FTX - Episode 362 - by cryptohunt.it

A brief update on FTX Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In plain English. It’s been...

17 Feb 20232min

Could stablecoins allow the entire world to switch to the US Dollar? - Episode 361 - by cryptohunt.it

Could stablecoins allow the entire world to switch to the US Dollar? - Episode 361 - by cryptohunt.it

Could stablecoins allow the entire world to switch to the US Dollar? Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changin...

16 Feb 20232min

Why is the US government attacking stablecoins? - Episode 360 - by cryptohunt.it

Why is the US government attacking stablecoins? - Episode 360 - by cryptohunt.it

Why is the US government attacking stablecoins? Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: I...

15 Feb 20232min

What is ERC-20 Recovery? - Episode 359 - by cryptohunt.it

What is ERC-20 Recovery? - Episode 359 - by cryptohunt.it

What is ERC-20 Recovery? Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In plain English. Coinba...

14 Feb 20232min

Is the US banning staking? - Episode 358 - by cryptohunt.it

Is the US banning staking? - Episode 358 - by cryptohunt.it

Is the US banning staking? Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In plain English. Toda...

13 Feb 20232min

Populært innen Business og økonomi

lydartikler-fra-aftenposten
stopp-verden
dine-penger-pengeradet
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
pengesnakk
utbytte
pengepodden-2
tid-er-penger-en-podcast-med-peter-warren
livet-pa-veien-med-jan-erik-larssen
finansredaksjonen
morgenkaffen-med-finansavisen
rss-markedspuls-2
lederpodden
okonomiamatorene
liberal-halvtime
rss-politisk-preik
rss-pa-konto
stormkast-med-valebrokk-stordalen