What is the difference between the on-ramp and off-ramp?
Updated
On ramps and off-ramps are services that facilitate the exchange of fiat and cryptocurrencies. These services serve opposite functions:
On-ramp (Buy Crypto): Convert fiat currency to cryptocurrency. You pay with a credit card, Apple Pay, Google Pay, or bank transfer and receive crypto in your BitMEX wallet.
Off-ramp (Sell Crypto): Convert cryptocurrency to fiat currency. You sell crypto from your BitMEX wallet and receive fiat to your bank card.
Together, the on-ramp and off-ramp provide the complete fiat-to-crypto-to-fiat cycle on BitMEX. You can buy, trade, and cash out without leaving the platform.
This website is operated by HDR Global Trading Limited, a company incorporated under the International Business Companies Act of 1994 of the Republic of Seychelles with a company number of 148707 and registered address at Global Gateway 8, Rue de la Perle, Providence Mahé, Seychelles (“HDR”). HDR wholly owns BitMEX, a Bitcoin-based trading platform.
Access to trading or holding positions on BitMEX is prohibited for any person or entity that is located, incorporated or otherwise established in, or a citizen or a resident of: (i) the United States of America, Québec (Canada), the Hong Kong Special Administrative Region of the People’s Republic of China, the Republic of Seychelles, Bermuda, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea or Sudan; (ii) any state, country or other jurisdiction that is embargoed by the United States of America; or (iii) any other jurisdiction where the services offered by BitMEX are restricted (collectively “Restricted Jurisdictions”). If it is determined that any BitMEX user has given false representations as to their location, incorporation, establishment, citizenship or residence, or HDR detects a user is from a Restricted Jurisdiction as described above, HDR reserves the right to immediately close their accounts and liquidate any open positions. HDR may, in its sole discretion, implement controls to restrict access to the BitMEX trading platform in any of the Restricted Jurisdictions.