avatarAlex Roan

Summary

Ramp Network now allows users to buy cryptocurrency directly within decentralized applications (DApps), streamlining the process by bypassing traditional exchanges and their associated hassles.

Abstract

The article discusses the introduction of Ramp Network as a revolutionary way to purchase cryptocurrency directly within DApps. Traditionally, buying crypto involved cumbersome processes through centralized exchanges like Coinbase, which are often plagued by tedious KYC procedures, limited account functionality until verification, slow withdrawal times, and service outages during critical market movements. Ramp Network addresses these issues by enabling developers to integrate a wallet top-up feature into their DApps, facilitating straightforward bank payments with minimal clicks and without manual KYC. The service supports Ether and select ERC20 tokens on the Ethereum network and is notably easy to integrate, requiring as little as two lines of code. The article provides an example DApp created by the author that utilizes Ramp for account top-ups, with the source code available on GitHub. The author expresses optimism for the future of crypto asset acquisition, as advancements in cross-blockchain protocols and web2 to web3 interoperability continue to develop.

Opinions

  • The author believes that the traditional method of purchasing crypto through centralized exchanges like Coinbase is inconvenient and restrictive.
  • The article suggests that Ramp Network's ease of use and minimal KYC requirements are significant improvements over traditional crypto purchasing methods.
  • The author is enthusiastic about the potential of Ramp Network to simplify the process of obtaining cryptocurrency, especially in light of ongoing developments in blockchain technology.
  • The author's creation of a sample DApp that incorporates Ramp Network demonstrates a positive endorsement of the service's capabilities and user-friendliness.
  • There is an expectation that Ramp Network will expand its offerings to include more cryptocurrencies and blockchain networks as cross-blockchain protocols and web interoperability improve.

You Can Now Buy Crypto Inside DApps, Here’s How

Buying crypto has never been so easy

Photo by Alexandros Chatzidimos from Pexels

Buying crypto has always been a bit of a pain. For most people (like me), it involves going through a major centralised third party like Coinbase. To be quite honest, if newbies to the crypto space ask me how to buy some, I generally point them towards Coinbase.

There’s a lot wrong with the whole experience though. For a start, the KYC is tedious. Your account is fairly restricted until you go through several time-consuming layers of it. Withdrawing your crypto can take days to weeks sometimes. And until then, you don’t have control over your funds.

Let’s not forget the numerous outages they seem to conveniently have every time the price of Bitcoin significantly moves.

Wouldn’t it be so much easier if you could buy crypto without all this hassle, and have it go directly into your private wallet? Well, now you can.

Ramp Network

Using Ramp Network, any developer can integrate a wallet top-up service directly into their DApp. No manual KYC, just a simple, straightforward bank payment with a few clicks.

What’s even better about Ramp is that it’s so easy to integrate into your code. It can be done with as little as 2 lines of code! Check out the documentation for more details on how to integrate.

Here’s an example of a DApp I created which uses Ramp. It connects to your Metamask account, then uses Ramp to top-up your account:

You can find the code for this application on Github.

Right now, Ramp only supports Ether and a few ERC20 tokens on the Ethereum network, but it’s a great start. With cross-blockchain protocols being developed, and better support for web2 to web3 interoperability, it won’t be long before the pain of obtaining crypto assets is history.

Further Reading

If you’re interested in Blockchain Development, I write tutorials, walkthroughs, hints, and tips on how to get started and build a portfolio. Check out some of these resources:

Blockchain
Ethereum
Programming
Dapps
Cryptocurrency
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