How Is ‘Fiat On-Ramp’ Related to Crypto Exchange Access for These Schemes?
A fiat on-ramp is the process of converting traditional fiat currency (like USD or EUR) into cryptocurrency. Pump and dump organizers need reliable on-ramps to fund their initial purchases of the target coin.
The ease of transferring funds from a bank account to a CEX, and then to a DEX, is a critical step in the logistics of executing the scheme and later cashing out the profits.
