The biggest concern for traders entering the cryptocurrency world is how to convert regular or government-issued currencies into digital assets. Not all cryptocurrency exchanges on the market accept fiat currencies such as dollars. Fiat currency is a currency issued by any government in any region. However, it is not supported by intrinsic value. Examples of fiat currency classifications are EUR, USD, GBP, AUD, JPY, and other similar currencies. If you are a new trader, finding the best crypto exchanges can be confusing for you, the ones that support or accept fiat currency. This guide will show you some of the most reputable and trusted cryptocurrency exchanges for beginners and professional traders.
List of best crypto exchanges that accept fiat currency
This list highlights some of the well-known crypto exchanges that support fiat currencies.
- Coin Base
- Coin Mama
Coin base is one of the safest cryptocurrency exchanges for fiat-to-crypto transfers. Because it has a powerful and well-protected trading system and software. The exchange is known for its valuable trading services in advanced and new trader circles. The exchange has two different trading versions to support users depending on their experience level.
Coin base Pro is for advanced traders and offers complex tradable products and options such as futures trading. Crypto exchange Coin base is one of the first crypto exchanges in the world and is entirely based in the United States. Additionally, the exchange does very well with its discounts and rewards program by maintaining a remarkable reputation in the market. The exchange also has an extensive knowledge base. It’s for new users, so you will be fine. Therefore, Coinbase can be considered an ideal exchange for beginners because this process is designed to simplify the complex aspects of cryptocurrencies. Coinbase implements industry-leading security protocols to protect user funds. That said, there are always hidden factors in cryptocurrency trading. So it’s important to follow best practices to keep the digital assets in your account safe.
According to platform experts, 98% of user resources are stored in cold wallets backed by paper and digital backups. Additionally, the platform uses bank-level encryption and security for its global website. Additionally, she should enable two-factor authentication on all user accounts to prevent hackers and scammers from logging into her account.
Another sophisticated and trusted cryptocurrency exchange that supports fiat-to-crypto payments is Coin Mama. The exchange is completely secure and regulated so that users can trade their assets with peace of mind. The exchange provides a smooth and easy way to buy cryptocurrencies from their website homepage. The exchange’s commission rate may vary based on market adjustments. However, the exchange will charge an additional 5.9% processing fee if you choose to pay by credit or debit card. This ability to pay with a credit or debit card. It is impressive for users across the market as it saves time and unnecessary hassle. Users of this exchange can easily verify their accounts with an ID card or passport photo. Once your account is verified, you can easily purchase up to $15,000 worth of cryptocurrency.
Another valuable and secure crypto exchange is CEX on this list of platforms supporting fiat currencies. The exchange also offers quoted rates just like Coin Mama. This trading platform offers users cryptocurrencies in selected amounts such as $200, $500, and $1000. However, there are also custom options.
To initiate this trade, the trader must set up an account before making any purchases once her account is approved. Users can easily purchase cryptocurrencies using debit or credit cards. However, the exchange limits users regarding the size of transactions.
Crypto assets supported by the CEX crypto exchange include Bitcoin, Ethereum, Bitcoin Cash, Bitcoin Gold, Dash, Litecoin, Ripple, Zcash, and Stellar Lumens. With its interactive interface, CEX is the easiest cryptocurrency exchange to buy digital assets, but CEX charges a €7 fee if you buy with a debit or credit card.
Is fiat to crypto exchange suitable for new traders?
Some markets have cryptocurrency exchanges perfect for advanced traders, while others are beginner-friendly. Not only is our trusted fiat-to-cryptocurrency exchange highly rated in the market, but we also offer local currency support. Most fiat-to-cryptocurrency exchanges on the market are beginner-friendly, with simple user interfaces and 24/7 customer support.
Do your research and gain experience to avoid risk before jumping into a popular cryptocurrency exchange that supports fiat currencies.