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Quick guide: How to on-ramp and off-ramp popular cryptocurrency CEX platforms
By Rainbow Coin  •  October 8, 2021
I am writing this post for those who are interested but not yet familiar with cryptocurrency CEX (centralized exchange) platforms.


Binance.com has recently announced that it no longer offers Singapore users fiat deposit services, spot trading of cryptocurrencies, the purchase of cryptocurrencies through fiat channels and liquid swap (“Regulated Payments Services”). This has caused quite a frenzy for local users to off-ramp their assets on Binance to fiat or to some of these other crypto platforms like Gemini and FTX. Earlier on I have written a post on Thinking backwards. Before you on-ramp your money to any platform, it is wise to also consider the options available for off-ramping.


Photo by Executium on Unsplash

Other important considerations when choosing the suitable CEX platforms for your crypto investments would be the ease of use, list of supported cryptos, trading fees and their interest rates / "earn" programmes.

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By Rainbow Coin
I began exploring the financial world in year 2010, hoping to get out of the rat race and be financially independent. 2010 was the aftermath period of the Lehman crisis when a pretty shaken up market was struggling to recover. On hindsight, that was the perfect time to catch multi-bagger stocks should I be a veteran or at least had some basic knowledge of picking up 'gems'. My learning curve was steep then, as I have absolutely no friends or relative who could shed some light on what's investing about.
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