May 19, 2021 |James Messi
Beaxy Exchange has partnered with Ramp Network, the aptly named crypto platform that enables seamless on and offboarding between fiat currency and digital assets like Bitcoin, Ethereum, and Tether.
Starting today, fund your Beaxy trading account with credit cards, debit cards, Apple Pay, SEPA, and more through Ramp by navigating to the Buy Crypto section of your account. Ramp Network is an excellent option for instant, low-fee transactions. When you complete a purchase on Ramp, the cryptocurrency will be sent directly to your Beaxy wallet.
What is Ramp?
Ramp Network is a decentralized cryptocurrency platform that enables instant buys and sells by connecting a pool of market makers that provide inventory and liquidity for buyers and sellers on the network.
The Ramp web-based platform is best known for its industry-leading user experience. At DevCon5, Ramp took home the award for best UX. It’s refreshing to see a cryptocurrency platform recognized for creating an outstanding user experience. Most cryptocurrency interfaces contain too much complexity to be useful to people that are just starting to learn about digital assets. Easy-to-use platforms such as Ramp are vital to the long-term growth in the use of cryptocurrencies.
In addition to a superb UX, Ramp’s users note that the platform provides additional benefits over competitors that include:
- Cryptocurrency bought on Ramp is received instantly.
- Low-fee payment options (0.49% SEPA fees).
- No added spread, only pay processing and network fee.
- No ID verification for payments under €200 per day, €2K per month, or €20K lifetime.
- Assets purchased on Ramp are delivered directly to your Beaxy account.
- Convenient payment options (Apple Pay, SEPA, credit card, and more).
Ramp doesn’t require users to submit identification documents for smaller purchases. This adds to the convenience and efficiency of onboarding new users that are likely unfamiliar with the process of completing KYC. Ramp’s full KYC requirements are listed below.
Seamless Cryptocurrency Purchases
The team at Ramp Network is laser-focused on creating the most convenient and straightforward experience for buying cryptocurrency. Instantly buy crypto with credit cards and services like Apple Pay typically carry substantial fees (5%+) due to cryptocurrency’s irreversible nature, lack of regulatory guidance, and high levels of volatility.
On Ramp’s decentralized network, buyers using credit and debit cards are matched directly with market makers that already have inventory available to sell, limiting price risk. Credit and debit card purchases have a flat fee of 2.9%. The minimum fee is set at €2.49 per transaction or the equivalent value in USD. Your processing fees on Ramp can be reduced to as low as 0.49% when you choose to pay with EUR via SEPA deposit.
The payment options offered to buyers and sellers using USD include:
- Credit card
- Debit card
- Apple Pay
The payment options are expanded for clients that are buying and selling with EUR, including:
- Credit card
- Debit card
- Apple Pay
- Revolut Easy Banking Transfer
- SEPA Transfer
- Wire Transfer
Adding Bitcoin to Beaxy Account Ramp
To Fund your Beaxy account Ramp, log in to Beaxy and navigate the Buy Crypto tab in the My Account section of the platform. Next, choose the fiat currency that you wish to pay with. Digital assets on Ramp can be purchased with EUR, USD, GBP, or PLN.
After selecting the fiat currency that you wish to pay with, click on the dropdown on the right side of the screen and select the digital asset that you want to purchase. The cryptocurrencies available for purchase on Ramp include bitcoin (BTC), ethereum (ETH), and Tether (USDT).
Now that you have determined the currency you are paying with and the digital asset that you want to receive, enter the amount you wish to spend. At this point, the calculator will show you the amount of your selected digital asset that you will receive into your Beaxy account when you complete the transaction.
To continue, read and agree to the disclaimer and click go to payment. A new window will open up with your email address and transaction details preloaded into Ramp’s sleek user interface.
Click proceed and continue on to the terms and conditions. Once you have agreed to the terms, confirm that the wallet address displayed on Ramp matches your Beaxy Exchange wallet. Next, choose a payment method and click proceed. To complete the transaction, review and confirm the details displayed and click buy now.
Now that the payment has been processed, your cryptocurrency will be sent directly to the Beaxy wallet address entered into Ramp. Please note that the time it takes to become available in your Beaxy wallet will vary based on the blockchain you are using and the demand for transactions at that time.
Check out this video tutorial for converting fiat to crypto with Ramp on Beaxy.
Make the Most of Bullish Momentum
Beaxy Exchange is rebating your trading fees in advance so that you can trade with more. Create your account and opt-in to the Deposit Bonus program and fund your account crypto, cash, credit, or through Ramp’s decentralized network to have your deposit doubled up to $500. Terms and conditions apply.