FIAT money is money that has been issued by a government and is not backed by a physical commodity, such as gold or silver, for example, but by the government which has issued it. FIAT to crypto exchanges are platforms that allow you to buy cryptocurrencies through the usage of FIAT currencies. For example, they will allow you to buy Bitcoin (BTC) by using the United States Dollar (USD) or Euro (EUR) currency. Today, we will be going over the best FIAT-to-cryptocurrency exchanges out there to help you make a more educated decision.
Top 3 Best FIAT to Crypto Exchanges Ranking
Below you will be able to see the best FIAT to crypto exchanges which are ranked based on their specific offerings in terms of this functionality, so you can buy crypto easily through the utilization of USD or other FIAT currencies and know what to look for.
Crypto.com is a popular cryptocurrency exchange that offers a solid application; crypto earn functionalities, a lot of payment options, NFTs, and additional utility when its Crypto.com Coin (CRO) coin is utilized. It is also an exchange that lets you buy cryptocurrencies through the utilization of many FIAT currencies.
Binance is a cryptocurrency platform that was originally founded in 2017 and has, over time, become one of the largest exchanges praised among cryptocurrency enthusiasts for its low fees. They offer pairs on many cryptocurrency pairs and accept debit and credit cards, alongside bank and wire transfer, which lets you buy crypto through the usage of many FIAT currencies.
Kraken is a cryptocurrency exchange that was initially founded in 2011 and currently has the reputation of being one of the most reliable cryptocurrency exchange options out there. It has high liquidity and a solid process when it comes to handling orders, and a solid support team as well. It supports a variety of different deposit options, and while its cryptocurrency offering is a bit more limited when compared to others on this list, it lets you use many FIAT currencies through which you can buy crypto.
Coinbase is a cryptocurrency exchange that was launched in 2012 and has stood the test of time to gather a solid reputation. They accept credit cards, debit cards, and bank wire transfers, all of which are quick and exceptional ways through which you can use FIAT currencies and buy crypto with them. There’s also a Coinbase Pro offering, which supports a lot more cryptocurrency tokens but is less user-friendly and requires a higher level of user verification.
eToro is one of the oldest brokerages on this list and was initially founded in 2007. It is mainly sued for contract-for-differences (CFDs) trading, which means that you do not directly own the cryptocurrency tokens; however, while its cryptocurrency selection is slim with only a handful of tokens on offer, it does have a variety of different deposit methods and supported FIAT currencies, through which users can buy crypto assets with.
What is the best FIAT to Crypto Exchange?
Coinbase is the best overall FIAT to crypto exchange due to the fact that it accepts debit cards, credit cards, and wire transfers, where credit and debit cards are the fastest way any user can convert their FIAT currencies into cryptocurrencies, as it is nearly an instantaneous process.
How do you best convert FIAT to Crypto?
The best way for you to convert FIAT currency such as USD, AUD, EUR, or GBP, for example, among many other supported FIAT currency that’s supported, is to find a solid cryptocurrency exchange or brokerage, make a deposit, and then use the deposited funds to purchase the cryptocurrency tokens you are interested in, such as Bitcoin (BTC), Ethereum (ETH) or even other altcoins out there.
If you are new to the world of cryptocurrencies and you are trying to figure out how to turn the FIAT currency balance you have, such as USD, into digital currencies or cryptocurrencies such as Bitcoin, hopefully, now you have a better perspective of how all of this work. Through the utilization of many cryptocurrency exchanges or brokerage platforms, you will have a cryptocurrency balance in no time.