XEROF: Robust On/Off-Ramp Solutions for HNWIs

XEROF's Powerful On & Off-Ramp Solutions for HNWI

XEROF, a Swiss crypto exchange that provides a range of services to facilitate the use of cryptocurrency for high-value transactions, has announced the global availability of on-ramp and off-ramp solutions. This product enables businesses and individuals a fast and secure way to turn their crypto into fiat and vice versa.

Marc Taverner, COO at XEROF, commented:

"We are very proud to have not only created an innovative on and off-ramp product that is fast and secure, but one that is available to most crypto users worldwide, is licensed, transparent and trusted.. Since compliance is a core business value for XEROF, this is a significant achievement. We look forward to supporting our clients with all their on-ramp and off-ramp needs."

What is XEROF?

XEROF is a financial intermediary that provides a suite of services that includes OTC brokerage and crypto custody, XEROF Pay for merchants, institutional crypto services, and settlement for real estate and luxury goods. The platform allows users to easily trade, exchange, and store their crypto assets in secure segregated on-chain wallets.

How Do XEROF's On and Off-Ramps Work?

The process is quite straightforward. Those wishing to convert their crypto to fiat (off-ramp) will need to go through client onboarding, which involves producing standard KYC and AML documentation and then waiting for approval.

Once approval has been granted, the client's crypto will be converted into fiat and then sent to the client's bank account. The average  time from onboarding to receiving a payout is five days in total. In addition, there is also an option for fiat settlement to a third party, such as a real estate seller, notary, etc.

Clients can expect a similar process when it comes to converting fiat into crypto (on-ramp). First, the client will go through the same KYC and AML onboarding process and will then wait for approval. Next, their fiat will be converted into crypto. Once this is complete, their crypto will be sent to a segregated wallet where they will have full control over the funds.

The on-ramps and off-ramps are available to most crypto users around the world and currently support four large-cap cryptocurrencies, which include: Bitcoin, Ethereum, Tether, and USDC.

XEROF’s Segregated Wallet Functionality

Because XEROF offers on-ramp and off-ramp services, it functions more like a broker than an exchange. As a result, the company does not accept client funds for its operations. Instead, it uses separate or segregated wallets for each transaction, as the company is committed to giving clients full ownership of their digital assets.

XEROF recognizes that when it comes to digital assets, security and control are critical. For this reason, XEROF holds the client's cryptocurrencies in segregated wallets before any trade on the client's behalf. This ensures that assets are safe and secure and can be accessed and transferred as needed.

Customer funds are completely segregated from XEROF's assets, balance sheet andfinancial reports.

Reducing the friction associated with switching between traditional currencies and digital assets is arguably one of the biggest barriers to the widespread adoption of cryptocurrencies. On- and off-ramps are critical in solving this problem by creating a reliable flow between fiat and cryptocurrencies.

Because XEROF maintains relationships with established Swiss and international banking partners this allows XEROF's clients to benefit from the frictionless conversion of cryptocurrencies to fiat currencies and vice versa.

Who Can Use the On-Ramp and off-Ramp Service?

XEROF's on-ramp and off-ramp service primarily targets high-net-worth individuals (HNWI) and wealth managers searching for a compliant, regulated, and secure exchange.

Wrapping Up

XEROF understands how important it is for the crypto industry to provide fast and secure entry and exit options for users, which is why the team is very excited to announce the release of its on-ramp and off-ramp services.

If you want to learn more XEROF's on-ramp and off-ramp services or have any other questions, please do not hesitate to contact us. You can also get in touch via Telegram, Twitter,  LinkedIn, and Facebook.

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@ All rights reserved. FE Swiss Financial AG trading as Xerof &  is a registered Virtual Asset Service Provider (VASP) supervised by the self-regulatory organisation (SRO) VQF for AML compliance. FE Swiss Financial AG is fully compliant with Swiss regulation in the field of AML/CFT from Swiss Financial Market Supervisory Authority FINMA. VQF SRO Membership Nr. 100954.All FE Swiss Financial AG dba XEROF services shall be governed by its General Terms and Conditions of Service, including, inter alia, a limitation of liability and a nomination of competent jurisdiction. These General Terms and Conditions may be consulted via our Website. FE Swiss Financial AG does not provide financial advice and nothing in our communications should be construed as financial advice.