Binance has been working in the space of the p2p and the ramp payments for few years. And ever since they had the leadership and scam issues a lot of people are in search of the alternative. So today morning I decided to do the experiment and so I sent the crypto money to the onramp and waited few hours to get the payment. It was like each step was taking 50 or so minutes and overall it went in 2 to 3 hours of the time for getting the money in the bank as well.
Binance has a lot of P2P issues which are not yet resolved. And the thing is extremely random stuff going on. Though india has few more exchanges but people used Wazirx for the onramp local fiat payouts. And for some reason it turned out lot better than the binance. But now the thing is the question there as the onramp.money app has been another alternative.
But here's my experience in short points.
- Slow release of the funds in each steps
- Slow release of the bank payouts
- Some coins are supported but a lot of them are discontinued too.
I would not recommend for those who need the urgent money. It would only drag you down and also would make things a bit more harder for the overall experience as it takes longer time for the money to arrive in the wallet. In that context I would say that onramp money is overall a good option for those who have time to wait and also can be patient.
It takes time and it does pay. At the end the call is yours.
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