Beginner's Guide to On and Off-Ramping Crypto

On-ramping is the process of buying cryptocurrency with fiat currency (such as USD, EUR etc.), which involves transferring money from a bank account or credit card to a cryptocurrency exchange, while off-ramping is the process of selling cryptocurrency for fiat currency, which involves transferring cryptocurrency from an exchange to a bank account.
In order to on and off ramp crypto using the MasklEX app, please read the beginner’s guide which will help you navigate through the process step-by-step:

Step 1: Download the MaskEX app

Before you can start trading, you will need to download the MaskEX app on your mobile device. It is available on both iOS and Android platforms, so simply go to the App Store or Google Play Store and search for MaskEX to download the app.

Step 2: Create an account

Once you have downloaded the app, the next step is to create an account. You can do this by providing your email address and creating a strong password. After that, you will need to verify your account by following the instructions provided in the app.

Step 3: On-ramping crypto

To deposit fiat currency and purchase crypto on MaskEX, click on the ‘Deposit’ button and select your preferred deposit method. You can choose from a variety of options, including bank transfer, credit/debit card, and more.

Step 4: Off-ramping crypto

When you are ready to withdraw your crypto, click on the ‘Withdraw’ button and select the cryptocurrency you wish to withdraw. You can choose to send your crypto to another wallet or sell it for fiat currency. If you choose to sell it, the funds will be transferred to your account balance.

Step 5: Convert crypto to fiat currency

If you want to convert your crypto to fiat currency, go to the ‘Trade’ tab and select the cryptocurrency you wish to sell. Then, select the fiat currency you want to receive in exchange and confirm the transaction. The funds will be transferred to your account balance, which you can then withdraw to your bank account.

Conclusion

In conclusion, on and off-ramping crypto using the MaskEX app is a simple and straightforward process. By following these step-by-step instructions, you can easily deposit fiat currency, purchase crypto, withdraw your profits, and convert your crypto into fiat currency. If you have any further questions, feel free to reach out to our customer support team for assistance. Happy trading!