Fiat On-Ramp
Last updated
Last updated
The Fiat On-Ramp feature of Onchain Toolkit, powered by Onramper, simplifies fiat-to-crypto transactions, enabling users to purchase cryptocurrencies directly using traditional payment methods like credit/debit cards, bank transfers, and local payment methods. By integrating multiple fiat on-ramp providers into a single widget, this feature ensures a seamless and efficient fiat-to-crypto conversion process for a wide range of cryptocurrencies across different regions.
One of the key advantages of this function is its ability to automatically detect the user's local currency, seamlessly selecting the most relevant payment options based on their location and currency preferences. This intelligent capability ensures that users are presented with suitable payment channels, making the crypto purchasing process more intuitive and tailored to their individual needs.
To start utilizing it, first ensure that you have connected your wallet to the dapp. Once done, click on the sidebar or open the sidebar menu (mobile) and click on Fiat On-Ramp.
Once on the page, follow the steps below :
Select Fiat and Cryptocurrency Options:
Choose the fiat currency you want to use for purchasing, such as USD, EUR, etc, or search for the currency by typing the currency in the search bar.
Next, select the cryptocurrency you want to buy, such as BTC, ETH, or others supported by the platform. Users can also search by typing in the search bar.
Enter Purchase Amount: Specify the amount of fiat currency to convert, or choose the crypto amount you wish to receive. Once done, the ramper will automatically search for the best value to rate.
Users can also choose from any 3rd party onramper exchanger by clicking on the down arrow as shown in the image below.
Complete KYC (if required): If KYC is necessary, follow the prompts to submit required information, such as ID verification, which is typically a one-time process.
Due to certain countries and policy, KYC and registration would be mandatory. Just follow the steps.
One done, paste in your wallet address, do ensure that you paste the correct wallet address. For example, if its a Ethereum network, make sure its from an ERC20 wallet address. If its a BSC network, make sure its from a BEP20 wallet address. Note that ERC20 and BEP20 or most EVM uses the same wallet address across network as well.
Select Payment Method:
Choose your preferred payment method, like credit card, bank transfer, or local options.
Enter your payment details securely through the widget.
Confirm the Transaction: Review transaction details, including fees and exchange rates. Confirm the transaction to initiate the purchase.
Receive Cryptocurrency: Once the transaction is completed, the purchased cryptocurrency will be transferred to the specified wallet address.