Good morning and welcome to the latest edition of Ghostfi Crypto! We have used this issue to highlight 2 on/off ramps for people to use for moving their fiat currency to crypto. With the pause of our favorite Juno Finance, it’s got us looking for backups to the backups. So, sit back and download.

• On/Off Ramp Tools - 2024

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• $$$ AIRDROPS = FREE MONEY $$$

• Spooky Crypto Memes

On/Off Ramp Tools - 2024

Listen up, crypto padawans. Getting your fiat on the blockchain is nothing special. The SEC is cracking down on exchanges left and right, making it tough to find decent on/off ramps. Our beloved Juno Finance is stuck with their banking partner, leaving us twiddling our thumbs.

But don't panic. We'll explore alternatives, because relying on just one exchange is as dumb as selling your speeder for death sticks. Have at least three exchange accounts, you scruffy-looking nerf herders. That way, if one pulls a Vader on you, your funds won't get lost in space.

TLDR: A fiat-to-crypto onramp is a tool that allows you to swap your fiat money (EUR, USD, GBP, etc.) for cryptocurrencies like BTC, ETH, and more!

Here are a few worth checking out:

Uphold is a digital asset platform that allows users to buy, sell, and trade a wide variety of cryptocurrencies, precious metals, and national currencies all in one place. It boasts a user-friendly interface and features like recurring buys and limit orders.

Pros:

Wide Asset Selection: Uphold offers a vast selection of cryptocurrencies, including popular options like Bitcoin and Ethereum, along with lesser-known tokens. You can also trade precious metals (gold, silver, etc.) and national currencies.

Easy to Use: The platform has a clean and intuitive interface, making it suitable for beginners. You can easily set up an account, fund it, and start trading quickly.

Recurring Buys: Uphold allows you to automate your crypto purchases with recurring buys. This is a great way to implement dollar-cost averaging (DCA) into your investment strategy.

Limit Orders: Unlike some simpler platforms, Uphold allows you to set limit orders, giving you more control over your trades.

Cons:

Spread Fees: Uphold doesn't charge commissions or deposit fees, but it uses spreads to make money. This means you'll pay a slightly higher price for assets compared to some competitors.

Limited Customer Support: There have been complaints regarding Uphold's customer service responsiveness.

Security Concerns: While Uphold claims to have robust security measures, there have been questions raised due to a past class-action lawsuit.

Who is Uphold Good For?

Beginners: The user-friendly interface and wide asset selection make it easy to get started.

Investors who want a one-stop shop: Uphold allows you to trade various assets without converting between them.

People interested in dollar-cost averaging: The recurring buy feature is a handy tool for automated investing.

Who Should Look Elsewhere?

Frequent traders: The spread fees can eat into profits for those who trade often.

Those who prioritize customer service: Uphold's customer service has received negative feedback.

Security-conscious investors: The past lawsuit may raise concerns for some users.

Final Verdict: Uphold offers a convenient platform for buying, selling, and holding a variety of assets. However, the spread fees and customer service concerns are important drawbacks to consider. If these aren't dealbreakers, Uphold can be a decent option, especially for beginners.

Crypto.com has become a popular all-in-one platform for crypto enthusiasts. This review focuses on its functionality for converting fiat currency (USD, EUR, etc.) into crypto (and vice versa), also known as "fiat on-ramping" and "off-ramping."

Pros:

Multiple Fiat On-Ramp Options: Crypto.com offers various ways to convert fiat to crypto, including bank transfers, debit/credit card purchases (with potential processing fees), and even wire transfers (geographical limitations apply). This flexibility allows users to choose the most convenient method.

Competitive Rates for Larger Transactions: For larger fiat deposits via bank transfer, Crypto.com offers competitive exchange rates.

Easy-to-Use Interface: The app boasts a user-friendly interface that simplifies the process of buying and selling crypto with fiat.

Integration with Crypto Earn: Fiat deposited can be easily transferred to Crypto Earn, allowing users to gain interest on their holdings.

Cons:

Potential Credit/Debit Card Fees: Using a credit/debit card for fiat deposits is convenient but often comes with processing fees. Be sure to check the fee structure before using this method.

Limited Fiat Off-Ramp Options: While on-ramping is flexible, off-ramping options seem to be more limited. Withdrawing fiat might take longer and may involve additional fees depending on the method chosen.

Recent Banking Issues: In early 2023, Crypto.com faced challenges with fiat on-ramping due to difficulties with some partner banking institutions. While the situation seems to be improving, it's worth keeping an eye on future developments.

Who is Crypto.com Good For?

Crypto.com's fiat on-ramping features might be a good fit for:

New crypto investors: The user-friendly interface makes it easy to get started with buying crypto using fiat.

Users who prefer multiple on-ramp options: Crypto.com offers various ways to convert fiat to crypto, catering to different preferences.

Those interested in earning interest: Fiat can be easily transferred to Crypto Earn for potential passive income.

Who Should Look Elsewhere?

Users who prioritize low fees: Crypto.com's credit/debit card processing fees and potential off-ramping fees could be a turnoff for those seeking the most cost-effective options.

Those who need frequent fiat off-ramping: Crypto.com's limited off-ramping options could be inconvenient for users who need to regularly convert crypto back to fiat.

Final Verdict:

Crypto.com offers a user-friendly and convenient platform for fiat on-ramping, with various deposit methods. However, credit card processing fees and limited off-ramping options are noteworthy drawbacks. For users who prioritize low fees and frequent off-ramping, other platforms might be a better fit.

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DP

*DISCLAIMER: None of this is financial advice. This newsletter is strictly for educational and entertainment purposes; it is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your research.