Crypto off-ramp is an ever-growing trend in Africa. Blockchain technology has continued to gain traction over the years as more and more crypto assets are being created. If you have told Africans that a day would come when they will wholeheartedly accept cryptocurrencies as a medium of exchange or investment vehicle, they will tell you it’s a lie. The underlying issue was that Africans wouldn’t trust a currency they couldn’t see. Coupled with that, cryptocurrency was difficult to understand for the less tech-savvy. Every day new terminology is added, enough to stress anyone uninterested.
To make Africans more accepting of cryptocurrencies, crypto off-ramp apps were created. What are crypto ramps? Read on to find out.
What is crypto off-ramp?
Cryptocurrency trading is no different from everyday trading, which involves exchanging money for goods and services. The only difference is that crypto trading exists online. You can either exchange your crypto for another cryptocurrency or fiat currencies. Fiat currencies are local currencies like the US dollar, Nigerian naira, or the Ghanaian Cedis. Similarly, fiat currencies can be used to purchase crypto assets. These exchanges can be done on a trading platform.
There are different trading platforms, including crypto on and off ramps, but our focus is on the latter.
Crypto off-ramps are exchange platforms that allow users to convert their crypto assets to fiat currency. You can convert Bitcoin or Ethereum to Naira or Cedis on crypto off-ramps. The competitive advantage of crypto offramps over other exchange platforms is that the crypto-to-fiat option attracts more users to their platforms.
Why you should use crypto off-ramp platforms
Crypto off-ramp platforms have several advantages over crypto on-ramp platforms, as discussed below.
Liquidity
Crypto off-ramp platforms make it easy for you to liquidate your crypto assets. If you cannot convert your crypto assets to fiat, they become useless in countries like Nigeria, where very few businesses accept crypto payments. With platforms like Astro Africa, you can easily convert your crypto to naira or Cedis in less than 10 minutes.
Little or no risk
The only risk of trading crypto on off-ramps is using a fraudulent platform. If you can find a reliable and trustworthy platform, you can trade successfully and get paid.
Convenience
One thing that crypto off-ramp apps provide their users with is the ability to choose. This means you can easily log into the platform as you can easily log out. Some exchange platforms like Astro Africa automatically log you out when you are inactive on the platform for a while for security reasons.
Usability
The processes involved in converting crypto to cash are very easy, especially when you use innovative digital trading platforms like Astro Africa. The way off ramp apps are built is different from on ramps. Off-ramp, platforms are more intentional about ensuring the exchange platform is easy to use and intuitive.
Best crypto off-ramp platforms in Africa
Many would want to know the best crypto off-ramp apps in Africa, especially in Nigeria and Ghana. Four of the best crypto off-ramp apps are discussed below.
Astro Africa
Astro Africa is a modern digital trading platform allowing users to exchange crypto for money. The platform possesses all the functions of a typical off-ramp platform. It has a simple user interface that makes trading easy. Astro Africa is well-secured with responsive customer service. With Astro Africa, you can sell Bitcoin, Ethereum, Dogecoin, and BNB for Nigerian naira or Ghanaian Cedis at the best rates and get paid. Astro Africa is available across multiple platforms, including the web, Google Play, and App Store.
Dart Africa
Dart Africa is another innovative exchange platform that allows you to trade crypto for fiat currencies. The platform is equally easy to use with an intuitive user interface. It has a rates calculator that helps users calculate their crypto assets’ current rates without stress. The platform is safe with impenetrable firewalls that make it impossible for unauthorized third parties to access it. If you want ever encounter any issue on Dart Africa, you can quickly contact customer service and have it sorted.
Prestmit
Prestmit is an off-ramp platform allowing users to trade Bitcoin, Litecoin, and Dogecoin for cash. On Prestmit, you can sell your crypto for naira or Cedis. It supports swift transactions and fast payouts.
Paxful
Paxful is another off-ramp digital trading platform that crypto traders would love. The secure platform has an intuitive user interface that makes navigation easy. It also has responsive customer service and buys crypto at the best rates.
