On-ramp and Off-ramp
Entry of fiat money into crypto (on-ramp) and exit of crypto to fiat (off-ramp).
On-ramp and off-ramp are terms describing the transition between fiat money (RSD, EUR, USD) and cryptocurrencies.
On-ramp (fiat → crypto):
•Bank transfer to exchange + purchase
•Credit/debit card directly
•P2P trading (cash, bank transfer)
•Crypto ATMs
•Moonpay, Transak — embedded fiat purchase in wallets
Off-ramp (crypto → fiat):
•Selling on exchange + withdrawal to bank account
•P2P sale directly to buyer
•Crypto ATM for cash out
•Crypto debit card (Binance Card, Crypto.com)
Challenges for Serbian users:
•Serbian banks sometimes block deposits from crypto exchanges
•Usually works: OTP Banka, Raiffeisen, MTS Banka
•P2P is safer option for off-ramp to RSD
•Revolut EU — used as intermediary
Tax aspect:
•Off-ramp is a taxable event — must report gain
•Keep record of every off-ramp