How to buy the cheapest crypto in on/off ramps product

2023-01-13, 09:33

Introduction

The process of buying cryptocurrency can seem daunting, but it doesn’t have to be. With a bit of research and preparation, you can purchase crypto at a relatively low purchasing fee.

One way to buy crypto at a low cost is to use an “on-ramp” product, also known as a fiat gateway. An on-ramp product allows you to buy crypto with traditional currencies, such as US dollars or Euros. These products typically have lower fees than other methods of purchasing crypto, such as trading on a centralized exchange.
Other than on-ramps, an “off-ramp” is to sell crypto. Off-ramps are the exchanges which allow you to sell cryptocurrency for fiat currencies. Similar to on-ramps, you can compare the fees of different off-ramp providers and try to find one with low fees.

In general, you can do some research and comparison before deciding which on-ramp/off-ramp product to use. Also, be sure to always read the terms and conditions of each provider and be aware of any additional fees or limitations. We have listed some useful methods below:

Methods

Participate in activities
One way to make a saving when buying crypto is to always participate in the activities during special periods. Our Third-party payment providers will offer reduced fees from time to time.

Select a corresponding service provider
To find the cheapest on-ramp product, you’ll want to compare the fees of different providers. Look for providers that have low or no deposit fees, and low transaction fees. Also, be sure to check the supported countries and currencies, as some providers may only operate in certain regions.

Choose a suitable payment method
It is important to choose a payment method that suits you. The exchange rate between Visa, MasterCard, Apple Pay, and Google Pay may be very different, so it will be wise to choose the payment method based on your region and the fiat currency you use.

What Gate.io provides

Frequent marketing campaigns
Gate.io has hosted a number of discount activities in the past, such as 0% transaction fees during the campaign period. If you choose to buy or sell crypto during the campaign period, it could save you money.

Optional service providers
Gate.io has multiple service providers for users to select from. Gate has partnerships with 9 service providers in total, Moonpay, Banxa, Mercuryo, Simplex, Legend Trading, Coinify. Advcash, GEOpay, and Finmo. We want to make sure every user can find the most suitable service provider.

Diverse payment methods
For Bank Transfer, Gate.io provides various kinds of payment methods including ACH/SWIFT/Wire, SEPA, iDeal, etc. For Credit/Debit Cards, Gate.io also provides different kinds of payment methods including Visa, MasterCard, Apple Pay, etc.

Summary

In summary when buying crypto and looking to get the best fees possible using an on/off ramp product it is important to do your own research. Make sure to compare the fees of different providers to find the cheapest option, and also experience the product during the discount activities. Remember to be aware of any additional fees or limitations, as well as read the terms and conditions of each provider.

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