CoinSwap Space is the first DEX to provide crypto purchases directly to any non-custodial wallet through the Ramp network


August 21, 2021 – Dubai, United Arab Emirates

CoinSwap space, the decentralized exchange on the Binance Smart Chain, announced an integration with Ramp this will simplify the involvement in DeFi.

The ramp is a fiat access ramp that does not require any proof of address to be downloaded by the customer. This partnership will allow users to buy cryptos through CoinSwap Space directly on their Metamask or many other wallets using a credit card or wire transfer. CoinSwap is the first DEX to implement this type of crypto purchases directly from non-custodial wallets through Ramp, and the partnership demonstrates the exchange’s commitment to making DeFi accessible to the average retail investor.

The partnership is the latest in a long line of tools that CoinSwap has released focusing on streamlining DeFi processes.

CoinSwap Space is a DeFi tool suite that allows its users to engage in a myriad of different DeFi functions through an easy to use protocol. With CoinSwap, users can add capital to cash pools, participation tokens, and yield farm, all on an easy-to-use interface. Thanks to the efficiency of BSC, CoinSwap is able to deliver these processes with incredibly low transaction fees. Even compared to the major DEXs on BSC, CoinSwap can offer very low fees, charging 20% ​​less than BSC’s largest DEX, PancakeSwap.

CoinSwap is the first decentralized exchange protocol to integrate a fiat ramp as part of its service. The innovative new integration with Ramp will allow CoinSwap swappers to transfer fiat directly into crypto tokens without the need to go through a centralized exchange. Adapting to the decentralized world can be complex for new investors. Ramp provides easy access to DeFi even for those unfamiliar with the processes associated with it.

Ramp will work as a widget built into the CoinSwap interface. The conversion from fiat to crypto will be handled on the operator’s site, which means the transaction is fully carried out by Ramp. However, everything will work out without the user ever needing to exit the CoinSwap app.

As a registered fiat ramp, Ramp will sometimes ask users to complete the KYC. Combining a KYC service with a decentralized exchange is a whole new concept and it will take some getting used to, especially for investors who appreciate the anonymity for which crypto is known. However, it is also an indication of a change in philosophy that crypto and DeFi are currently undergoing.

The crypto sphere has long been something of the Wild West. It was a place where people could move huge sums of money completely anonymously and free from any kind of regulation. Although crime in the crypto sphere is overestimated by the media, there was nonetheless a significant minority who would use crypto to disguise illegal activity.

As crypto becomes more mainstream and institutions start to become investors, there is a need for a greater degree of transparency and legitimacy in the space. Integrations such as those between Ramp and CoinSwap are part of the future of crypto where the decentralizing power of blockchain is combined with transparency, making the space safe for investors large and small.

It should be noted that CoinSwap remains fully decentralized and does not require any registration or KYC. Only investors wishing to benefit from the Ramp onboarding process should provide their credentials to Ramp.

CoinSwap is based on the idea of ​​making DeFi accessible to everyone. Integration with Ramp removes a stumbling block and simplifies the process, even for the most inexperienced investors. As DeFi becomes mainstream, it is essential that the protocols are geared towards the general public. The integration with Ramp positions CoinSwap Space to respond to a wave of new DeFi users entering the space as crypto moves towards mass adoption.

About CoinSwap Space

CoinSwap Space is a DeFi suite of services built on the Binance Smart Chain. It mainly offers a decentralized exchange based on the Automated Market Maker (AMM) model that offers the lowest fees on BSC. CoinSwap users can earn the deflationary CSS token by staking and cultivating capital. Users also benefit from intelligent routing, ensuring maximum yields and the lowest slippage available.

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About the ramp

Ramp is one of the very first crypto asset companies registered in the UK as well as the first crypto company to receive an Open Banking registration in the European Union. Ramp is building a law-compliant infrastructure that connects traditional banking infrastructure with the future of decentralized blockchain.

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