15 best fiat crypto exchanges | fiat-to-crypto exchanges in 2024

Greetings, crypto enthusiasts! If you are interested in trading cryptocurrency, you may have come across the term “fiat-crypto exchanges.”

These best fiat crypto exchanges provide a link between conventional fiat currencies such as USD, EUR, or GBP and digital cryptocurrencies such as Bitcoin, Ethereum, and more.

Today, we are here to assist you in exploring your options and to help you find the best fiat-crypto exchange to meet your trading requirements. So, let’s get started and find the one that suits you best!

How do fiat-to-crypto exchanges work?

“Have you ever wondered how you can trade regular money for digital coins like Bitcoin? Fiat-to-crypto exchanges are like online shops where you can buy cryptocurrencies directly.

Here’s how it works: First, you sign up and verify your account on the exchange platform. Then, deposit your regular money (like dollars or euros) into your account. After that, you decide what digital coins you want to buy and how much.

The exchange will show you how much digital coin you’ll get for your regular money. If you like the deal, you confirm the purchase, and the exchange will take the money from your account and give you the digital coins.

Some exchanges even let you trade one type of digital coin for another, depending on what they support. And if you ever want to turn your Crypto coins back into regular money, you can do that, too. 

Just sell your coins on the exchange, and they’ll return the money to your bank account. Easy, right?”

Table of Contents

10 best fiat crypto exchanges list

Based on our reviews, these are the 15 top fiat-to-cryptocurrency exchanges:

1. Binance: Best Fiat-Crypto Trading exchange in the world

2. Coinbase: best User-friendly fiat-crypto platform

3. Kraken: Best for Fiat-to-Crypto Transactions

4. Bitstamp: Reliable Fiat-to-Crypto platform

5. Bybit: best for trading bots

6. Crypto.com: top exchange for crypto features

7. Gemini: Elevating Your Crypto Trading Experience

8. CEX.IO: Empowering Crypto Traders with Fiat Solutions

9. KuCoin: Your Key to Accessible Fiat-Crypto Trading

10. bitget:cutting-edge futures trading platform

11. Bitfinex: Exploring Advanced Fiat-Crypto Trading

12. Etoro: social trading exchange with crypto options

13. Gate.io:feature rich global crypto exchange

14. Phemex: zero-fee crypto futures trading exchange

15. OKX:advanced trading exchange with diverse services

Best fiat-to-crypto fee, reviews, supported coins comparison table.

Exchange NameNo. of Supported Crypto CoinsPayment Methods for FiatBest FeaturesMaker FeeTaker Fee
Binance300+Bank transfer, Credit/debit card, P2P tradingLow fees, Wide range of coins, Advanced trading features0.10%0.10%
Coinbase50+Bank transfer, Credit/debit card, PayPalUser-friendly interface, FDIC insured, Secure storageVariableVariable
Kraken50+Bank transfer, Cryptocurrency depositStrong security, High liquidity, Fiat currency pairs0.16%0.26%
Bitstamp20+Bank transfer, Credit/debit card, Cryptocurrency depositLong-standing reputation, Low fees, User-friendly interface0.50%0.50%
Bybit6Cryptocurrency deposit, Credit/debit cardFutures trading, Advanced order types, Competitive fees0.025%0.075%
Crypto.com100+Bank transfer, Credit/debit card, Cryptocurrency depositCrypto debit card, Earn interest, Staking rewards0.04%0.10%
Gemini40+Bank transfer, Cryptocurrency depositRegulated exchange, Secure storage, Gemini Pay0.25%0.25%
CEX.IO20+Bank transfer, Credit/debit card, Cryptocurrency depositMargin trading, Instant buy/sell, Advanced trading tools0.16%0.25%
KuCoin200+Bank transfer, Cryptocurrency depositWide range of coins, Futures trading, Staking rewards0.10%0.10%
Bitget10+Cryptocurrency depositFutures trading, Copy trading, Advanced order types0.02%0.05%
Bitfinex100+Bank transfer, Cryptocurrency depositHigh liquidity, Margin trading, Advanced charting0.10%0.20%
eToro20+Bank transfer, Credit/debit card, PayPalSocial trading, Copy trading, Commission-free stocks0.75%0.75%
Gate.io300+Cryptocurrency depositWide range of coins, Futures trading, Spot trading0.20%0.20%
Phemex6Cryptocurrency depositFutures trading, Zero fees, User-friendly interface0.025%0.075%
OKX100+Bank transfer, Credit/debit card, Cryptocurrency depositFutures trading, Staking rewards, Margin trading0.10%0.15%

Top 10 fiat to crypto exchanges reviewed

1.Binance - top fiat to crypto exchange in the world

Reasons to choose


Binance is the best fiat-to-cryptocurrency exchange. It lets you buy and sell hundreds of cryptocurrencies and has many features specifically designed to help you convert fiat to cryptocurrencies.

Some of these are its Peer-to-Peer (P2P) trading tool, advanced exchange, and simple convert feature. 

Binance is the easiest way to trade in crypto with regular cash because it is available in many countries and lets you deposit and withdraw money in many ways.

A promotional code even allows new users to sign up and receive a $100 USDT bonus and trading fee rebate.

Binance is a popular cryptocurrency exchange platform that supports a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB). 

It also offers a fiat-to-crypto exchange service, allowing users to buy cryptocurrencies using fiat currencies. 

Binance allows users to deposit money in 25 currencies, including GBP, EUR, and AUD. Still, USD can only be used with credit/debit cards or Simplex, incurring higher trading fees with 385 unique crypto coins.

Binance is licensed in numerous jurisdictions and requires Know-Your-Customer (KYC) verification for all users. 

Users can buy cryptocurrency using various payment methods. Bank transfers incur a 1.80% fee. Some BTC pairs offer fee-free crypto trading, while other spot transactions have a 0.1% fee.


1. User-Friendly Interface: Binance provides an intuitive interface for traders, making it easy for beginners and experienced traders to navigate the platform.

2. High Liquidity: With its large user base and global presence, Binance offers high liquidity across various trading pairs, ensuring efficient trading experiences.

3.¬†Security: Binance employs robust security measures to safeguard users’ assets, including two-factor authentication (2FA) and cold storage for most funds.

4. Advanced Trading Tools: The platform offers a suite of advanced trading tools, including charting features, trading indicators, and customizable order types, catering to the needs of professional traders.

5. Mobile App: Binance provides a mobile application for iOS and Android devices, allowing users to trade cryptocurrencies on the go.

The platform supports many cryptocurrencies, including Bitcoin, Ethereum, Binance Coin, Ripple, Litecoin, and Bitcoin Cash. Binance operates globally, providing multilingual support and complying with local regulations.


  • Trading Fees:¬†Binance charges a fee ranging from 0.1% to 0.02% per trade, depending on the user’s trading volume and BNB (Binance Coin) holdings.
  • Deposit and Withdrawal Fees:¬†Deposit and withdrawal fees vary depending on the fiat currency and payment method. Bank transfers generally incur lower costs compared to credit/debit card transactions.
  • Conversion Fees:¬†Binance may charge a conversion fee when converting fiat currency to cryptocurrencies. Conversion fees typically range from 0.1% to 0.5%, depending on the currency pair and payment method.
  • Withdrawal Limits and Verification Requirements:¬†Some users may encounter withdrawal limits or stringent verification requirements, especially for larger transactions, which could inconvenience certain traders.

I have listed some key factors to consider while choosing a crypto exchange. Don’t miss the opportunity to check it out.

2. CoinBase - secure and uI friendly exchange

Coinbase, founded in 2012, simplifies the crypto investing process and makes it accessible to the average person.It is also available for US users.

It offers a quick and easy experience for tracking a crypto portfolio and monitoring live prices.

Coinbase rewards users who complete short educational videos and quizzes.

Prestigious investors like Andreessen Horowitz, Union Square Ventures, and Y Combinator back the exchange.

Users can buy and sell 240 digital assets using USD, EUR, and GBP.

As a licensed crypto exchange, verification of KYC before buying crypto with fiat currencies is required.

Payment methods include credit/debit cards, bank transfers, and Apple/Google Pay.

Transactions are charged a flat fee of 0.60% (taker) and 0.40% (maker), with variable fees for other purchases.This service is also available for US users.



3. Kraken - best fiat to crypto platform

Kraken Reputation for Security and Durability:

Kraken is one of the safe places to exchange money for cryptocurrencies. Kraken is one of the oldest cryptocurrency platforms, having been around since 2011. It has become a popular choice for investors who care about security.

Kraken is proud to have the best security methods in the business, which is probably why the exchange has existed for so long. Funds can be stored in cold storage, private data can be encrypted, and more is available from the company.

Kraken is a secure platform for buying and selling Bitcoin. Its website is easy to use, and you can purchase more than 200 cryptocurrencies using six regular currencies. 

Even though Kraken may have higher fees than other platforms, it is a great option for investors who care about security and want to buy crypto with cash.

Because it has high withdrawal limits, Kraken is one of the best places to swap cryptocurrency for traditional currency and money.

Options for cryptocurrency and fiat money:

Users can buy an amazing 222 cryptocurrencies on Kraken using seven fiat currencies: USD, EUR, CAD, AUD, GBP, and JPY. These include Bitcoin, Ethereum, and XRP. Users can deposit up to $9,000 without going through the full Know Your Customer (KYC) process. 

However, users who want to deposit more than $9,000 must prove their identity. Compared to other big fiat-to-cryptocurrency platforms, Kraken lets you use many different cryptocurrencies. 

Kraken also works with major foreign currencies, such as USD, EUR, GBP, JPY, and CAD. Fees for taking money out of SEPA are very low, at ‚ā¨0.09. The fee to take out USD is $5, and the cost to take out CAD is $10.

Deposit Methods:

Kraken offers various deposit methods for cryptocurrency and fiat, including bank transfers, credit/debit cards, and Google/Apple Pay. 

Canadian residents can deposit funds in person. Deposits and withdrawals are available through bank transfers and digital app shops, supporting various altcoins and major fiat currencies worldwide.

Fees and Trading:

  • Deposits all fiat currencies for free.
  • Specific payment methods incur fees ranging from $1 to $10.
  • High trading fees, with spot purchases costing 0.16% (maker) and 0.26% (taker).
  • Low withdrawal fees for certain currencies.

Withdrawal Limits and Tiers:

  • Reliable interface suitable for beginners and experienced traders.
  • Four different tiers apply to customers, unlocking higher deposit and withdrawal amounts.
  • Tiers range from zero to four, with higher tiers focusing on high-net-worth or corporate clients.

Regulation and Trustworthiness:

  • Operates since 2011 and conducts proof-of-reserve audits.
  • Participates in self-regulating organizations like DATA and JADA.
  • Long-standing presence and commitment to transparency contribute to its reputation as a trustworthy exchange.

Are you tired of the KYC procedure? No worries, I have researched and written some of the best no-KYC crypto exchanges for you only. Please have a look at it. 

4. Bitstamp - crypto fiat exchange

Bitstamp, a renowned cryptocurrency exchange platform since 2011, offers reliability, security, and user-friendliness to both beginners and seasoned traders.

Its robust features, widely supported cryptocurrencies, and seamless fiat-to-crypto transactions make it a popular choice.

Bitstamp Features Overview

  • Prioritizes user security with industry-standard measures like two-factor authentication, cold storage, and regular security audits.
  • Offers an intuitive, easy-to-navigate interface suitable for novice and experienced traders.
  • Provides high liquidity for swift and competitive trade execution.
  • Offers a mobile app for iOS and Android devices, providing all essential features of the desktop version.

Supported Coins:

Bitstamp supports various cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), LTC (LTC), Bitcoin Cash (BCH), Stellar Lumens (XLM), and Chainlink (LINK).

Fiat-to-crypto supported:

Bitstamp supports fiat-to-crypto transactions, allowing users to deposit fiat currencies like USD, EUR, GBP, and CHF via bank transfer or credit/debit card, providing convenient access to cryptocurrency markets.

Bitstamp Fees:

Bitstamp charges a transparent fee structure, ranging from 0.10% to 0.50% per transaction, depending on trading volume and market activity. Users can calculate fees on the platform’s detailed schedule.

5. Bybit - best dollar-cost averaging crypto bot feature

Introduction to Bybit:

Bybit is a popular fiat-to-crypto exchange with competitive trading features. It allows users to buy and sell digital assets using fiat.

It offers various withdrawal methods and prioritizes security with multi-signature wallets, cold storage, and advanced encryption.

Bybit is a reliable exchange for fiat-to-crypto trading,spot-buying, and derivative trading with leverage. It works with reputable liquidity providers and diverse assets.

It also provides automated trading features, such as dollar-cost averaging (DCA) crypto bots. It supports a diverse range of assets and offers various trading options.

best fiat crypto exchange

Supported Assets and Fiat Currencies:

Crypto enthusiasts can trade various digital assets against each other on Bybit, predominantly Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and EOS (EOS). Bybit has a global presence and supports eight fiat currencies, including EUR.

Deposit and Withdrawal Methods

Bybit allows users to deposit and withdraw EUR using various payment methods, including wire transfers, credit cards, and third-party channels. Accounts are credited within 24 hours.

Bybit Trading Options and Fees

  • Focuses on derivatives and spot trading.
  • Offers competitive fees: maker fees (0.01%-0.020%), taker fees (0.030%-0.055%).
  • Fees vary based on membership level, trading type, asset balance, and 30-day trading volume.

Withdrawal Fees:

Regarding withdrawal fees, Bybit charges 0.0005 BTC per BTC withdrawal, which aligns with the global industry average.

Bybit On/Off-Ramp Methods for Fiat Currencies

  • Diversified on/off-ramp options for traders.
  • Widely accepted wire transfer deposit method.
  • Instant processing via credit card services like Visa and Mastercard.
  • No deposit or withdrawal fees.
Additional Features and Support:


Bybit provides:

  • A full NFT marketplace.
  • Allowing early access to metaverse items with no transaction costs.
  • Mobile compatibility for simple trading on the go.


6. Crypto.com - flexible exchange for crypto investing

Crypto.com is a famous exchange that opened in 2016 and has over 50 million users. It provides a flexible platform for easy crypto investing.

Best fiat crypto exchange


  • Mobile app, trading bots, staking, lending, and a crypto-based Visa debit card
  • An all-in-one platform meets the various needs of users
  • Mobile app transactions ranging from 1.49% to 4% in fees
  • High level of security and accessibility in over 80 countries
  • Support for more than 90 cryptocurrencies and 60 fiat currencies
  • Secure crypto wallet for storing digital assets

Supported Cryptocurrencies


Crypto.com accepts 293 varieties of cryptocurrencies, which is a wide range. This wide range of choices suits the needs and preferences of many users.


Supported Fiat-to-Crypto:

The exchange lets users deposit in 25 fiat currencies, including USD, EUR, GBP, and CAD. This accessibility makes buying and selling crypto back to cash easy, enhancing the platform’s appeal to a global audience.


Transactions on the exchange incur a fee of 0.075%, while fees on the app range from 1.49% to 4%. Holding CRO, Crypto.com’s native cryptocurrency, can reduce trading fees on the platform.



7. Gemini - best low trading fee exchange

Gemini, a cryptocurrency exchange and custodian, was founded by Cameron and Tyler Winklevoss and is regulated by NYSDFS, offering a secure platform for buying, selling, and trading cryptocurrencies.


  • Gemini: User-Friendly Cryptocurrency Platform
  • Offers low trading fees.
  • Supports over 80 cryptocurrencies.
  • Provides secure, easy cryptocurrency transactions.



Supported Cryptocurrencies:

Gemini provides access to a wide range of cryptocurrencies, including popular options such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), Aave (AAVE), and others. With over 80 cryptocurrencies available, Gemini caters to diverse investor preferences.

Supported Fiat Currencies:

While Gemini supports a variety of cryptocurrencies, its selection of fiat currencies is relatively limited. The platform supports USD, AUD, CAD, EUR, GBP, SGD, and HKD, facilitating fiat-to-crypto transactions for users in different regions.

8. cex.io - top pick for beginner and experienced

CEX.IO is a well-established cryptocurrency exchange that has been operating since 2013. It offers a comprehensive platform for users to engage in buying, selling, and trading various cryptocurrencies. Known for its reliability and user-friendly interface, CEX.IO offers to both beginner and experienced traders.

CEX.IO Trading Features

  • Spot trading, margin trading, staking.
  • Mobile app for convenient platform access.
  • Intuitive interface and robust security measures.

CEX.IO: Diverse Cryptocurrency Support

  • Supports major coins like Bitcoin, Ethereum, Ripple, and Litecoin.
  • Offers ample options for investment portfolios.

supported fiat currencies

CEX.IO supports multiple fiat currencies, including USD, EUR, GBP, and RUB, enabling users worldwide to deposit funds and trade cryptocurrencies seamlessly.

9. kuCoin - large crypto platform

KuCoin is a cryptocurrency exchange founded in 2017 and headquartered in Seychelles. 

With over 30 million users worldwide, KuCoin offers various services, including spot trading, futures trading, and peer-to-peer trading. It allows users to buy cryptocurrencies using fiat currencies through different payment methods.

KuCoin Features:

  • User-friendly platform for spot, futures, and peer-to-peer trading.
  • Supports over 50 fiat currencies and 700 coins/tokens.

KuCoin’s Fiat Currencies Support:

  • Over 50 fiat currencies supported.
  • Prominent fiat currencies: USD, EUR, GBP, CAD, AUD, HKD.

KuCoin’s Security Measures:

  • Prioritizes user funds and personal information.
  • Implements multi-factor authentication, SSL encryption, cold storage.
  • Uses Proof of Reserves for transparency and trust.

KuCoin Payment Methods:

  • Supports traditional bank transfers, credit/debit cards, and third-party processors.
  • Partners with providers for alternative fiat-to-crypto transactions.

10.Bitget - top UI friendly crypto platform

With a user-friendly interface and broad support for both cryptocurrencies and fiat currencies, Bitget is recognized as the fourth-largest cryptocurrency trading platform.

It provides a good platform for purchasing cryptocurrency with fiat money, appealing to investors worldwide.


  • Bitget: Comprehensive Cryptocurrency Trading Platform
  • Offers spot trading, P2P trading, and staking product support.
  • Focuses on accessibility and user experience.

Supported Cryptocurrencies and Fiat Currencies:

  • Supports 562 cryptocurrencies and 59 fiat currencies.
  • The Wide range makes Bitget accessible globally, especially in the UK and Europe.

KYC Verification and Payment Methods:

  • Verification is required for security and compliance.
  • Users can deposit via credit/debit cards, bank transfers, or Google Pay.

Peer-to-Peer (P2P) Market:

  • Enables direct cryptocurrency trading.
  • Provides better deals and competitive prices.


  • Spot trading fee: 0.1%, industry average.
  • Free bank deposits in GBP, EUR, and BRL.
  • Card purchases may incur high fees.

Bitget Staking Support:

  • Suitable for long-term investors.
  • Offers passive income through staking.
  • Provides investment opportunities beyond traditional trading.

11. Bitfinex - advanced trading features platform

Bitfinex, a Hong Kong-based cryptocurrency exchange platform established in 2012, is one of the oldest and largest globally, known for its advanced trading features and liquidity.


Margin Trading: Bitfinex offers margin trading with leverage, allowing users to boost their trading positions.

Advanced Trading Tools: The platform provides advanced charting tools, order types, and APIs for professional traders.

Liquidity: Bitfinex is known for its high liquidity, enabling users to execute trades quickly and efficiently.

Security:¬†Bitfinex is known for its robust security measures, such as cold storage, two-factor authentication (2FA), and IP allowlisting, which protect users’ funds and data.

Staking: Bitfinex supports staking for certain cryptocurrencies, allowing users to earn rewards by holding and staking their digital assets.

OTC Trading:¬†Bitfinex offers over-the-counter (OTC) trading services for large trades outside the exchange’s order book, providing privacy and liquidity for institutional investors and high-net-worth individuals.

Supported Currencies:

  • Bitfinex supports a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and many others.
  • Offers trading pairs for major cryptocurrencies like BTC/USD, ETH/USD, and LTC/BTC.
  • Provides access to a variety of altcoins and tokens for trading.
  • Bitfinex supports 165 coins and 448 trading pairs, covering multiple cryptocurrencies.

Fiat to Crypto-Supported Currencies:

  • Bitfinex supports fiat currencies such as US Dollar (USD), Euro (EUR), British Pound (GBP), Japanese Yen (JPY), and more.
  • Users can deposit and withdraw fiat currencies to and from their accounts for trading purposes.
  • Fiat currency trading pairs allow users to trade cryptocurrencies against fiat currencies directly.

Accepted Payment Methods:

  • Bitfinex accepts various payment methods for depositing fiat currencies, including bank wire transfers, credit/debit cards, and cryptocurrency deposits.
  • Users can also utilize third-party payment processors for deposits and withdrawals.

KYC (Know Your Customer):

  • Bitfinex implements KYC procedures to verify the identity of its users.
  • KYC verification is mandatory for users who wish to deposit, withdraw, or trade fiat currencies on the platform.
  • KYC requirements may include providing government-issued identification, proof of address, and additional documentation.

Trading Fee:

  • Bitfinex employs a maker-taker fee schedule, where makers (users who add liquidity to the order book) enjoy lower fees than takers (users who remove liquidity from the order book).
  • Trading fees vary based on the user’s trading volume over the past 30 days.
  • Volume-based fee discounts are available for high-volume traders.

12. eToro - top crypto fiat exchange

eToro is a popular trading platform that offers exposure to various financial markets, including crypto, forex, stocks, and commodities. 

It trades contracts-for-difference (CFDs) and offers real crypto assets. Users can deposit funds in four fiat currencies: USD, GBP, EUR, and AUD, catering to a wide range of investors.

best fiat crypto exchange

Supported Currencies:

  • eToro offers trading for 72 digital assets, including major cryptocurrencies like BTC and smaller altcoins.
  • The platform provides a diverse range of cryptocurrencies for trading, allowing users to explore various investment opportunities.

Fiat-to-Crypto Supported Currencies:

  • eToro lets users deposit funds in USD, GBP, EUR, and AUD, facilitating easy conversion to cryptocurrencies.
  • Fiat currency deposits can be used to purchase cryptocurrencies directly on the platform, offering convenience for users.

Accepted Payment Methods:

  • eToro accepts various payment methods for depositing funds, including credit/debit cards, bank transfers, and e-wallets (Skrill, Payoneer).
  • Deposits are free of charge, but withdrawals incur a fee of $5.
  • The platform offers flexibility in payment methods, accommodating different user preferences worldwide.

KYC (Know Your Customer):

  • KYC verification is a strict requirement for new users on eToro.
  • Compliance with KYC procedures ensures security and regulatory adherence on the platform, enhancing trust and transparency.

Trading Tools:

  • eToro stands out for its comprehensive trading tools, including a $100,000 demo account for users to practice investing.
  • The platform’s demo account feature enables users to perfect trading strategies without risking real money.
  • Additionally, eToro offers copy trading, enabling users to replicate the trading strategies of successful investors and making trading accessible for beginners.


13.Gate.io - best crypto fiat platform

Established in 2013, Gate.io is a top cryptocurrency exchange platform known for its robust security measures and 100% proof of reserves approach. With over 10 million global users, it ensures safe, reliable, and transparent services.


  • Offers over 1700+ cryptocurrencies and stablecoins for trading and investment.
  • Employs blockchain solutions for enhanced security, including cross-cryptocurrency hot and cold wallet storage, multi-signature security protection, and real-time asset transfer.
  • Committed to regulatory compliance in all jurisdictions.
  • Globally accessible to over 10 million users but currently unavailable in certain countries due to regulatory restrictions.
  • Lacks a fiat currency withdrawal method, limiting cryptocurrency holders’ options.

Supported Currencies:

  • Gate.io offers an extensive selection of over 1700+ cryptocurrencies and stablecoins, including support for NFTs.
  • Users have access to a diverse range of cryptocurrencies for trading and investment purposes, providing ample options for diversification.

Fiat-to-Crypto Supported Currencies:

  • Gate.io supports 15+ fiat currencies, including USD, EUR, and GBP, facilitating seamless conversion between fiat and cryptocurrencies.
  • Fiat currencies can be used to purchase cryptocurrencies directly on the platform, enhancing accessibility for users worldwide.

Accepted Payment Methods:

  • The platform employs various blockchain solutions to ensure the safety of users’ assets and transactions.
  • Security measures include cross-cryptocurrency hot and cold wallet storage, multi-signature security protection technology, and real-time asset transfer technology.
  • Gate.io prioritizes the security of user funds and implements robust measures to safeguard against potential threats.

KYC (Know Your Customer):

  • Gate.io may require KYC verification for users to access certain features or services on the platform.
  • KYC procedures enhance security and regulatory compliance, reinforcing trust and transparency within the ecosystem.

Trading Fee:

  • Gate.io offers competitive trading fees, with a maximum trading fee of 0.2%.
  • Low trading fees make the platform attractive to users looking to minimize costs while cryptocurrency trading.

14. Phemex - best fast crypto exchange

Phemex, a 2019-founded cryptocurrency exchange platform, offers professional trading services to retail and institutional traders, catering to advanced traders’ needs with features like spot and derivatives trading, catering to both retail and institutional traders.


  • Leveraged Trading: Phemex offers leveraged trading options, allowing users to boost their trading positions and potentially increase their profits.
  • Advanced Trading Tools: The platform provides advanced trading tools and features, including charting tools, order types, and risk management tools, to help users make informed trading decisions.
  • High Performance: Phemex is designed to provide fast and reliable trading execution, ensuring users can execute their trades quickly and efficiently.
  • Security: Phemex prioritizes the protection of user funds and employs robust security measures, including cold storage, encryption, and multi-factor authentication, to protect against potential threats.
  • 24/7 Customer Support: Phemex offers 24/7 customer support to assist users with issues or inquiries, providing a seamless trading experience.

Supported Currencies:

  • Phemex supports trading a variety of cryptocurrencies, including major coins like¬†Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as numerous altcoins.
  • Users have access to a diverse range of trading pairs, enabling them to trade cryptocurrencies and¬†fiat currencies¬†against each other.

Fiat to Crypto-Supported Currencies:

  • Phemex offers¬†fiat-to-crypto trading pairs, allowing users to purchase cryptocurrencies directly using fiat currencies.
  • Supported fiat currencies, including¬†USD, EUR, and JPY, provide users with convenient depositing and trading options.

Accepted Payment Methods:

  • Phemex supports various payment methods for depositing fiat currencies, including¬†bank transfers, credit/debit cards, and cryptocurrency deposits.
  • The platform provides flexibility in payment options to accommodate users’ preferences worldwide.

KYC (Know Your Customer):

  • KYC verification may be required for users who wish to deposit, withdraw, or trade fiat currencies on Phemex.
  • Compliance with¬†KYC¬†procedures enhances security and regulatory compliance on the platform, contributing to a safe and transparent trading environment.

Trading Fee:

  • Phemex¬†employs a fee schedule that varies depending on the type of trading activity and the user’s trading volume.
  • The platform offers competitive¬†trading fees, typically from 0.10% to 0.25% per transaction.

Fiat to Crypto Conversion Fee:

  • Phemex¬†may charge a conversion fee for converting fiat currency to cryptocurrency.
  • The¬†conversion fee¬†is typically a percentage of the transaction amount and may vary depending on the payment method and converted currency.


15. OKX - popular fiat to crypto exchange

OKX, formerly OkEx, is a popular cryptocurrency exchange platform offering a comprehensive trading experience for retail and institutional investors. 

With support for over 90 fiat currencies and a wide range of cryptocurrencies, it provides a seamless way for international investors to buy and trade digital assets.

OKX Trading Features Overview

  • It offers diverse trading options, including trading bots, copy trading, margin trading, derivatives trading, and a P2P market.
  • Supports over 90 fiat currencies for convenient trading without currency conversion.
  • Provides high liquidity across various trading pairs for smooth execution.¬†
  • Prioritizes user fund security with robust measures like cold storage, encryption, and multi-factor authentication.
  • Provides customer support services for a seamless trading experience.

Supported Currencies:

  • OKX supports 370 cryptocurrencies, including big and small-cap coins, ensuring that users have access to a diverse range of assets.
  • The platform enables users to trade cryptocurrencies against each other and against fiat currencies, providing ample trading and investment options.

Fiat to Crypto-Supported Currencies:

  • OKX supports over 90 fiat currencies, enabling users to buy crypto with almost every traditional currency.
  • Users can deposit fiat currencies or buy digital currencies directly using various payment methods, including credit/debit cards, e-wallets, and wire transfers.

Accepted Payment Methods:

  • OKX allows investors to deposit crypto or purchase digital currencies with a credit or debit card without completing KYC verification.
  • OKX utilizes third-party payment providers that may charge additional fees for other payment methods.
  • Payment options include Apple Pay, credit/debit cards, e-wallets, wire transfers, and a peer-to-peer (P2P) market, significantly enhancing accessibility for users worldwide.

KYC (Know Your Customer):

  • While investors can buy crypto without completing KYC verification using certain payment methods, KYC may be required for other transactions or services on OKX.
  • KYC procedures enhance security and regulatory compliance on the platform, ensuring a safe and transparent trading environment.

Trading Fee:

  • OKX charges trading fees of 0.08% (maker) and 0.1% (taker) on spot purchases, making it a cost-effective option for traders.
  • However, card payments incur higher fees, typically ranging from 3% to 4%, making it one of the more expensive platforms for certain payment methods.

What is fiat-to-crypto exchange?

A fiat to crypto exchange lets you buy and sell cryptocurrencies for either fiat money or other cryptocurrencies. Fiat money is made up of standard currencies like the US dollar, the British pound, or the euro (EUR).

You can properly use a debit card, a bank transfer, a wire transfer, or an electronic wallet to buy cryptocurrency on these sites.
Some crypto platforms also let you trade directly between cryptos.

Where can I exchange fiat for crypto?

There are several places to exchange fiat currency for cryptocurrencies. Common choices are given below:

  • Crypto exchanges
  • Peer-to-peer (P2P) exchanges
  • Brokerage services
  • Payment processors
  • Over-the-counter (OTC)¬†desks

How do you choose the best fiat-to-crypto exchange for you?

Choosing the right fiat-to-crypto exchange can be a bit tricky, but considering a few key factors can help you make a smart choice:

  1. Features: Look for an exchange that accepts popular currencies and offers payment methods like bank transfers, debit/credit cards, and e-wallets. Make sure the deposit and withdrawal processes are smooth without unnecessary delays.
  2. Supported Fiat Currencies: The best exchanges widely support major currencies like USD, EUR, and GBP. If you have a less common currency, check if the exchange supports it to avoid extra fees and hassles.
  3. Exchange Fees: Seek exchanges with low trading fees (around 0.1% to 0.2%) and transparent fee structures. Be wary of hidden charges and consider negotiating for lower costs if you plan to trade frequently.
  4. Security: Cybersecurity is crucial. Look for features like multi-factor authentication, SSL encryption, cold storage for funds, regular security audits, and continuous monitoring of suspicious activities to keep your assets safe from hacks and threats.

Considering these factors, you can find a fiat-to-crypto exchange that suits your needs and provides a secure and efficient trading experience.

FAQs: Fiat-to-crypto exchanges

Fiat currency, declared legal tender by a government, is widely accepted for transactions within a country’s borders. It is based on trust and government stability. Examples include the US dollar, euro, and British pound.

The best exchange for fiat-to-crypto transactions depends on individual preferences, including Coinbase, Binance, Kraken, and Bitstamp. Factors include supported currencies, payment methods, fees, security measures, and user interface.

Fiat-to-crypto exchanges allow users to trade cryptocurrencies like Bitcoin and Ethereum using traditional fiat currencies like US dollars, euros, or British pounds. Users can deposit fiat currency, purchase cryptocurrencies, and sell them for fiat currency.

The exchange of fiat currencies for cryptocurrencies depends on the platform used. Major fiat currencies like USD, EUR, GBP, JPY, CAD, and AUD are widely supported. Other currencies may vary, so check the platform’s list.

Cryptocurrency Exchanging Fees and Cost Minimization

Trading Fees:

‚ÄĘ Most exchanges charge a fee for each trade, varying based on the exchange and transaction volume.

‚ÄĘ Almost all platforms offer lower fees, but free trading is rare.

Deposit and Withdrawal Fees:

‚ÄĘ Some exchanges may charge fees for depositing or withdrawing funds, depending on payment method and exchange policies.

Promotions and Offers:

‚ÄĘ Exchanges may offer fee-free trading for limited periods or under specific conditions.

Peer-to-Peer Trading:

‚ÄĘ Direct cryptocurrency trading with individuals requires finding a trustworthy counterparty and independent agreement on terms.

Overall, minimizing fees is possible, but finding fee-free options is unlikely.

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