Financial & Legal

A fiat onramp, also known as a crypto on ramp, is the process that allows users to convert government-issued currencies into cryptocurrencies on a crypto exchange. A streamlined onramp process is essential for broader adoption, and fintech companies can use modern APIs to quickly build and launch their onramp and offramp platforms.

Building a Crypto Onramp Platform: A Simple Process

To begin, select a reliable fiat-to-crypto onramp API provider like Striga. The process starts with a straightforward 2-step KYC/AML verification, after which you can start building on Striga’s free, publicly available sandbox.

Once your product is built, thorough testing is crucial to ensure a smooth user experience. From there, a simple API integration enables user onboarding and allows for real-time currency swaps at market rates.

The KYC SDK can seamlessly verify and onboard European users, giving them the ability to deposit, withdraw, buy, sell, and spend cryptocurrencies. Upon verification, users receive a wallet with unique accounts for each currency, along with dedicated crypto addresses for secure transactions on the blockchain.

To enhance user experience, consider offering exchange wallets with vIBANs and branded physical or virtual crypto cards. These features allow users to transact directly from their crypto accounts, enabling easy, real-time payments.

Key Considerations When Launching a Fiat to Crypto Onramp Platform

Launching a crypto onramp platform requires careful planning:

1. Legal Compliance: Ensure you fully understand and comply with the legal requirements in your region. This might include obtaining licenses and working with legal experts to navigate regulatory frameworks.

2. Security and Fraud Prevention: Adherence to KYC/AML standards is essential for safeguarding against fraud and money laundering. Implement robust identity verification procedures to protect your platform and users.

These considerations, paired with the right API solutions, can help you create a secure and efficient fiat-to-crypto onramp that supports the evolving needs of your user base.

• Avoid scams by acting locally or paying with PayPal
• Never pay with Western Union, Moneygram or other anonymous payment services
• Don't buy or sell outside of your country. Don't accept cashier cheques from outside your country
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