Question 1

What are the KYC limits?

Accepted Answer

Ramp is a globally compliant on-ramp. As such, we have to make sure we adhere to KYC rules concerning cryptocurrency purchases. In practice this means that you as a user will need to work with us to verify your identity in order to transact via Ramp.

tier 1 - basic information
card payments - 50 EUR per day, 5 transactions in a lifetime bank transfers - 1000 EUR per transaction, 3000 EUR or 5 transactions in a lifetime

tier 2 - bank API check card payments - 50 EUR per day bank transfers - 5000 EUR per transaction, 10 000 EUR per month

tier 3 - identity document verification, liveliness check
card payments - 1000 EUR per day, 20 000 EUR per month bank transfers - 5000 EUR per transaction, 20 000 EUR per month

tier 4 - identity document verification, liveliness check, proof of address, we may ask about your source of income card payments - 2000 EUR per day, 50 000 EUR per month bank transfers - 5000 EUR per transaction, 50 000 EUR per month

tier 5 - please contact us at otc@ramp.network bank transfers - up to 500 000 EUR per transaction

The limits listed above are orientational only and ultimately will depend on risk level of your transaction, as assessed by our risk prevention engines.

Please mind you that:

The daily limit is counted on a basis of 24 hour period since the time of your purchase, and not a calendar day
The monthly limit is counted as a 31 day period from the time of your purchase.
Limits in currencies other than EUR will be

Question 2

What banks do you support?

Accepted Answer

You can use any bank that supports SEPA transfers. We operate in countries from the European Union (via SEPA transfers and Revolut):

United Kingdom
Austria
Belgium
Bulgaria
Canary Islands
Croatia
Cyprus
Czechia
Denmark
Estonia
Finland
France
Germany
Giblartar
Greece
Guadeloupe
Hungary
Iceland
Ireland
Italy
Latvia
Liechtenstein
Lithuania
Luxemburg
Malta
Martinique
Mayotte
Monaco
Netherlands
Norawy
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Switzerland

The updated list of banks supported for the Instant Payment option is at all times available at buy.ramp.network.

Question 3

So what do you do?

Accepted Answer

We are Ramp Network and our mission is to connect.

We build a tool for connecting the open and the closed. We want to create a meshed, easily accessible connection between the open blockchain financial system and the old, closed banking system, with no need for a trusted third party in between. We are on a journey to an open, meshed, decentralized world where new financial systems help to build better futures.

Meet the crew!
Join our Discord and become a member of Ramp community!

Question 4

Legal note

Accepted Answer

Ramp Instant is a product offered by Ramp Swaps Ltd, a company registered in England and Wales with company number 11850124. Registered office: 3 More London Riverside, London, United Kingdom, SE1 2AQ.

The Financial Ombudsman Service or the Financial Services Compensation Scheme do not apply to the crypto-asset activities carried on by Ramp Swaps Limited. Cryptocurrencies such as DAI, Ether and USDC are considered to be unregulated crypto-assets by the UK’s Financial Conduct Authority. All cryptocurrencies bought and sold on Ramp Instant are unregulated crypto-assets.

Question 5

What is the fee in Ramp Instant?

Accepted Answer

The fee is 2.5%. There are no minimal fees or minimal volumes for the transactions too!

Question 6

How can I pay for the crypto?

Accepted Answer

You can use your bank account to pay for the crypto - either with our Instant Payment or with SEPA bank transfer.

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