💳Withdrawing fiat from crypto wallet is complicated (Off-ramp)

Withdrawing cryptocurrency to fiat currency can be more complex than simply transferring from one cryptocurrency wallet to another. Currently the process of fiat withdrawal from crypto wallets such as Metamask, Trus Wallet, Safepal, etc, is inefficient and too complicated.

Withdrawing crypto assets to fiat from crypto wallet through centralized exchange is inefficient and too complicated which requires many steps and some knowledge of crypto exchanges and trading.

The withdrawal process is as follow:

1. Send the crypto asset to the centralized exchange deposit address

2. Sell the crypto asset for the preferred fiat currency in the market by placing order book

3. Request a withdrawal of the fiat currency to bank account

4. Wait for the transaction to complete and the funds to appear in the bank account.