Offramp announced the gradual shutdown of its platform on July 1, 2026, with a definitive deadline of December 31, 2026.
If you used Offramp to receive your money, you need to withdraw your fiat balance before July 31, after that date things get considerably harder, and Wallbit is your best alternative to keep managing your global finances. Wallbit offers the same functionalities —and some more— within a global account designed for people with international income.
It not only allows you to receive USDT and USDC at a 1:1 ratio (no reception fee), but also includes an international payment card and an investment account integrated into the app, with more than 12,000 stocks, ETFs, and U.S. Treasury bonds.
Key takeaways
- Fiat deposits and withdrawals are disabled on July 31; virtual accounts, on September 30.
- Wallbit has Offramp's core features: a U.S. account, stablecoin on/off ramp (USDT/USDC), international card, and global payments.
- With Wallbit, getting paid, spending, and investing happens from a single account — no jumping between apps.
- Waiting until Offramp's deadlines exposes you to service outages that can interrupt your payments or temporarily lock your funds.
Why did Offramp shut down?
Offramp's team was direct in their announcement: "existing market conditions have made it tough to continue building Offramp." The company began disabling its services immediately, without a prior notice period.
Offramp's closure is a business viability problem. That matters because the shutdown says nothing negative about the global account model itself — it speaks to the difficulty of sustaining it without sufficient scale.
What the gradual shutdown does make clear is that the team acted responsibly: the company is giving users months to reorganize, not days. But that window has concrete deadlines and won't be extended.
Which Offramp features are no longer available?
Among the features that are still working and the ones that are no longer available, you can find:
- Instant transfers: disabled.
- Virtual accounts: new ones cannot be created. Existing accounts work until September 30, 2026.
- QR payments: disabled.
- Savings & Investments: no new deposits or purchases accepted. You can sell your positions and withdraw your balance until December 31, 2026.
- Physical card: no new cards being issued. Active cards continue to work.
- Mobile app: removed from the App Store and Google Play. If you already have it installed, it works until July 31, 2026.
Users will be able to withdraw fiat balances until the end of July, while the application will remain accessible for those who already have it installed.
Cryptocurrency withdrawals will remain available for a limited time to move funds out, but receiving new deposits is no longer possible — which particularly affects anyone who used the platform to receive recurring payments.
As for investments, the company confirmed there is a deadline until December to redeem assets and migrate them to a new broker. Wallbit offers an investment account with more than 12,000 stocks, ETFs, and Treasury bonds to build your portfolio, with SIPC coverage and automated investment tools.
When does Offramp stop working?
Before looking at alternatives, it helps to understand exactly what's being turned off and when. The real inflection point is July 31. After that date, Offramp stops being a useful daily tool.
Here's when each Offramp service stops working:
- Instant transfers: disabled since July 1, 2026.
- Fiat deposits and withdrawals: disabled on July 31, 2026. This is the most critical deadline: if you have a fiat balance, withdraw it before then.
- Virtual accounts: stop working on September 30, 2026. Cancel any recurring deposits to that account before this date.
- Cryptocurrency withdrawals: also disabled on September 30. Any remaining crypto balance is moved to an embedded wallet managed by the team.
- Savings & Investments: the final deadline is December 31, 2026, but by then the platform will have lost nearly all its functionality.
- Mobile app: stops working on July 31. After that, only the web version at app.offramp.xyz remains available.
What app works like Offramp? How are Wallbit and Offramp similar?
Offramp's services are similar in many ways to Wallbit's, especially for certain user profiles: professionals who get paid from abroad, operate with stablecoins, and need an international card for their expenses. Also, for those who want investment and wealth management services.
Receiving and transferring stablecoins
Offramp allowed users to receive cryptocurrencies, including stablecoins, and manage them from the platform. Wallbit does too. You can receive USDC and USDT directly in your account (at $0 cost and 1:1 parity).
It converts automatically to U.S. dollars, so you can spend it with your global card, save it, or invest it — all without leaving the app. The balance is held in a global account backed by institutional support in the United States, structured to the standards of a digital bank.
International card
Offramp offered a physical card for spending abroad. Wallbit does too, and it works the same way: you debit directly from your dollar balance. The difference lies in the depth of the ecosystem around it. With Wallbit, the card isn't a standalone product — it's the spending endpoint of an account that also receives your income and can make your capital work harder.
Offramp disabled new physical card orders as of July 1. If you were an active user and your card still works, you have some runway until services fully shut down. But there's no reason to wait: a card without an operational backing account has no future.
Virtual accounts for getting paid
Offramp generated virtual accounts that allowed you to receive transfers. Wallbit serves that function with its U.S. account, complete with routing number and ACH account. This lets you receive payments from platforms like Deel, Rippling, or directly from your employer or client.
The technical advantage of Wallbit here is that the account isn't "virtual" in the fragile sense: it's a real account with banking backing.
Investment options
Wallbit offers a free U.S. brokerage account with access to more than 12,000 assets — bonds, stocks, and ETFs — and withholding tax exemption for non-residents. All under a regulated framework, with SIPC Excess protection up to $75 million per account.
Offramp's investment offering was more limited: fractional shares and stablecoin yields backed by Treasury bonds. An agile proposition for crypto-native users, but without the depth or institutional backing of a traditional brokerage account.
If you migrate from Offramp to Wallbit, you're not just preserving your setup — you're upgrading it. Your balance moves to an account with greater diversification capacity, regulated protection, and tax optimization, within the same app where you already get paid and spend.
Offramp vs. Wallbit fee comparison
How to migrate from Offramp to Wallbit
The process is straightforward.
Before July 31:
- Create your Wallbit account — download the app and sign up with your details. Onboarding is quick and only requires your ID.
- Go to app.offramp.xyz (not the mobile app, which has been delisted) and initiate a withdrawal of your fiat balance (deadline: July 31) to a bank account.
- Receive those funds in your Wallbit account — receiving funds is free in all forms. With your money in Wallbit, you can operate in dollars without relying on an additional bridge.
- If you have stablecoins or investments in Offramp, you don't need to rush for July 31 — you have until September and December respectively — but we recommend not leaving it to the last minute. You can receive your stablecoins at a 1:1 ratio across multiple networks.
- If anything gets stuck or you can't access your account, Offramp has enabled contact@offramp.xyz for direct support.
Before September 30:
Verify that no crypto balances remain in your Offramp account. If there are any, the team moves them to an embedded wallet, and managing them from there requires contacting contact@offramp.xyz, unnecessary friction you can avoid.
Conclusion
Offramp's closure is a sign of market consolidation: the global account model requires a certain scale to be sustainable. Wallbit operates in that same space with a model built from the inside, by a team that lived the problem before solving it.
If you used Offramp to receive stablecoins, operate with a card, or manage payments from abroad, you have a direct alternative. And you have time to migrate calmly — as long as you don't wait until the last day.
