Fiat refers to a type of currency that is issued by a government and is not backed by a physical commodity like gold or silver. Examples of fiat currencies include the US dollar (USD), the euro (EUR), the Japanese yen (JPY), and many others. Conversely, on-ramp is a system that allows a user to exchange fiat currency into cryptocurrency. This article will guide you in purchasing tokens within Ronin Waypoint.
Ronin Waypoint
->> https://waypoint.roninchain.com/ <<-
Ronin Waypoint is your universal account and keyless wallet in the Ronin ecosystem. It allows you to sign in without extensions or seed phrases, manage on-chain assets, and make in-game transactions across supported games and dApps on Ronin.
How to Access On-ramp from Waypoint
To access on-ramp on your Ronin Waypoint, you can either click on Wallet on the dashboard or click Manage Wallet in your Home Screen after you log in. After which, click on + Deposit which will prompt a pop-up of the on-ramp.
How to Use On-ramp
Step 1: Input Amount, Currency, and Provider
A pop-up will appear where you can input the amount of fiat currency you want to exchange, the token you want to exchange for (set to RON by default), and the currency after you press on + Deposit.
The option to select a Provider should be available after you input the amount you want to exchange. There are currently 4 Providers, namely Moon Pay, Transak, Ramp, and Onmeta. The Providers vary depending on the currency you are using and the region you are in.
Step 2: Input your Payment Details
Different Providers will ask for different Payment Details. Depending on the region and transaction amount, you may be required to complete a KYC (Know Your Customer) verification for compliance with regulations. This typically involves submitting identity documents. For smaller transactions, some regions may allow purchases without KYC.
For Transak, Moonpay, and Onmeta, you only need to do the KYC only once; at the first time you use the service.
Here are the different windows from each Provider.
Step 3: Complete Payment and Check Your Wallet
A prompt should appear when you are successful with your transaction.
Clicking on the refresh on your wallet balance should update the value of RON in your wallet.
Congratulations, you successfully bought tokens to your wallet!
Note that you can buy other tokens using this method but you would have to check in either your wallet app or extension to see if the transaction is successful. You can change the token in Step1.
If you encountered any issue while trying to buy tokens using Waypoint On-ramp, don't hesitate to click the Support button and submit a request.
For more information regarding Fiat Deposits, check out our article on Fiat FAQs.