Fiat to Crypto Exchanges
Here you will find a list of the best cryptocurrency exchanges that allow you to send fiat into them (from your bank) to purchase cryptocurrencies and also allow you to sell in the future back into your bank account.
Here you will find a list of the best cryptocurrency exchanges that allow you to send fiat into them (from your bank) to purchase cryptocurrencies and also allow you to sell in the future back into your bank account.
Fiat to crypto exchanges are exchanges that allow you to buy a cryptocurrency like Bitcoin or Ethereum for example directly using a government-backed fiat currency like the US dollar or the British pound.
These exchanges are fantastic for people that are new to the crypto market as it is the easiest and fastest method to exchange fiat currencies into Bitcoin or different Cryptocurrencies.
For example
You wish to buy Bitcoin or a well-known Altcoin like Ethereum. You simply create an account with one of these exchanges and instruct your bank to send fiat funds into this exchange.
Once you have your fiat on this exchange you can simply put a buy order in to exchange your fiat into the cryptocurrency of your choice.
These exchanges have digital wallets on their platform for each Cryptocurrency available to buy.
Once your buy order has been filled you can see in your Crypto wallet your new Bitcoin, Litecoin, Ethereum, XRP, or whichever Cryptocurrency you decided to buy. You can now leave your Crypto in the exchange’s wallet and when you decide to take profits and sell out back into fiat you can simply put a sell order in and choose the fiat you wish to convert to.
All your basic crypto and fiat buying and selling in one place.
What are the dangers?
Not your keys, not your crypto is a popular saying. If the exchange goes down or collapses so goes your money.
How to minimise these risks?
Use exchanges that are either publicly traded or insured by an outside entity.
It is worth noting that these exchanges offer only a limited selection of Cryptocurrencies to buy. They are however great entry exchanges and usually offer only the top tier coins which often are the core coins an investor should start with when creating a well- balanced diverse investment portfolio.
Binance Exchange
Investors love being able to set stop losses and buy/sell orders while they are not online. You can also play the futures market on bitcoin and a few altcoins. Binance also offer – NFT marketplace, crypto staking (earn an income from your portfolio), a binance VISA card, leveraged trading, and more. Crypto gift card service. Mobile app available.
Bitpanda
Bitpanda also has a large volume OTC bitcoin and altcoin buying and selling service. This platform allows more than 10 ways to pay for your cryptocurrency – Credit Card, Debit Card, Bank Transfer, SEPA, Skrill, and more. They accept clients worldwide. Bitpanda has secure owner wallets to store your crypto and fiat in that uses multi-signature and 2FA. Mobile app available.
Coinbase
Crypto gift card service.
eToro
KuCoin
Kraken
Their platform provides world class financial stability by maintaining full reserves, healthy banking relationships and the highest standards of legal compliance. Fund your account with crypto or a direct bank wire transfer in multiple fiat currencies. Kraken offers – Staking, margin trading, futures, OTC, 5X leverage, and spot price. They also have a mobile trading App.