Glossary

On-Ramp

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On-ramps are the methods and services that allow individuals to convert their fiat currency into bitcoin. The availability of on-ramps is crucial for Bitcoin adoption, as they provide a bridge between traditional finance and Bitcoin.

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The more on-ramps there are globally, the easier it becomes for people to buy bitcoin, thus increasing market participation. On-ramps complement ‘off-ramps’, which are the means by which individuals sell bitcoin for fiat currency. Together, they facilitate the exchange of bitcoin and fiat, encouraging broader use and acceptance of Bitcoin.

Related Terms
Bitcoin
Bitcoin is the world’s first decentralized digital currency that operates without a central authority and has a scarce supply. Bitcoin uses a peer-to-peer network, meaning no permission or middle man is required to send, store, or receive bitcoin.
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Fiat Currency
Fiat currency is a form of money that lacks intrinsic value. This is the typical type of money used by a central government.
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