Ramp Instant

Here's everything you need to use Ramp Instant.

So what is Ramp Instant?

Ramp Instant lets you buy cryptocurrency using your bank account - faster, cheaper and safer than through an exchange.

Can I use it?

Ramp Instant is currently available to all EU citizens who hold Revolut or other UK bank account (Revolut, HSBC, HSBC Business, Monzo, Lloyds, Barclays, Danske, FirstDirect, Santander, Starling, Halifax, Nationwide, Natwest, RBS, Ulster) We will be adding support for new regions soon!

How does it work?

Ramp Instant connects individual crypto buyers with a network of market makers offering crypto for sale. Ramp provides them the tools to do the exchange in a comfortable, trustless way, but do not intermediate in any transaction. Buy order is matched with a suitable sale offer and locked on escrow smart contract. When buyer completes the payment, crypto is released from the smart contract.

How can I pay for the crypto?

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

What is Instant Payment?

Instant Payment is an automated bank transfer. All the details are pre-determined, it is executed faster and all you do is confirm it in your mobile or online banking. It is also free of charge, so you don't have to worry about this. This feature is currently only available for accounts held in the UK banks.

How long does it take to settle?

If you use Instant Payment - less than 5 minutes. For other methods - usually same day, but up to 48 hours.

Why do I need to connect my bank account?

We need you to connect your bank account because through that connection (using open banking APIs) we obtain the payment confirmation and perform required regulatory duties (KYC).

What data does Ramp obtain from me or my bank account?

We look for payment confirmation in your transfer history (this is necessary to settle the transaction) and check some basic personal data about you for KYC purposes required under the law. We will never transfer any of your data to advertisers or other entities outside of Ramp. We do not store any of your data - we analyse them and delete right away. See our Privacy Policy here or contact us if you want to remove your data from our system.

How much does it cost?

The fee is 2.5%. You will be shown the fee before you complete the transaction.

What are the limits?

User can buy up to 750 Euro per single transaction and up to 1500 Euro monthly.

What cryptocurrencies do you support?

Ether and DAI. We will be adding support for USDC shortly.

How do you do KYC?

We obtain all the necessary information from the bank connection and the bank transfers as well as using the data that you provide us. For some transactions we may require additional information. We try for the process to be as smooth for you as possible. However, the safety of our users' funds is our priority.

Who decides on the exchange rate?

We take the exchange rates from Coinpaprika.

Can I sell crypto with Ramp Instant?

No, but you can do it with Ramp Pools.

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.