Compare the 10 Best Fiat to Crypto Exchanges in 2025

Fiat to crypto exchanges let you convert cash into digital currencies like Bitcoin. Our crypto experts have reviewed some of the most popular platforms around to help you choose the best one.
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Updated on Oct 30, 2024
Reading time 10 minutes

Fiat-to-crypto exchanges are the essential gateways that bridge traditional finance with cryptocurrency. These platforms are where most new users begin, providing an accessible way to convert traditional currency into digital assets. 

Whether you’re a beginner or an experienced trader, selecting the right platform can significantly impact your experience, from minimizing fees to enhancing security. 

On this page, you’ll find a list of the best fiat-to-crypto exchanges. Our team at Invezz, with years of experience and deep industry knowledge, has tested and analyzed each platform based on real user feedback, ease of use, security, fees, and more.

With over 70% of new crypto users starting their journey here 1 , finding the best fiat-to-crypto exchange is more crucial than ever. We’ve filtered through the noise to bring you only the best, ensuring that your journey into crypto starts on the right foot.

The best fiat to crypto exchanges 2025

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  1. eToro: Best for beginners, copy-trading & demo-account
  2. Plus500: Best for international trading*
  3. Coinbase: Best secure trading platform for all types of trader
  4. Kraken: Best for simple, global cryptocurrency trading from your phone
  5. Uphold: Best for building long term wealth

What are the best fiat to crypto exchanges?

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You can find our expertly selected fiat to crypto exchanges below. Click on any of the links to get started in just a few minutes, or keep scrolling to learn more about each platform. 

We found 24 crypto platforms for users based in

eToro review
4.6
eToro
Min. Deposit $100
Fees 1%
No. assets 50+
Demo account Yes

eToro review

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Plus500 review
4.5
Plus500
Min. Deposit $100
Fees From 2%
No. assets 2800+
Demo account Yes

Plus500 review

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorised by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe such as leverage limitations and bonus restrictions.

Coinbase review
4.2
Coinbase
Min. Deposit $10
Fees Up to 0.6%
No. assets 150+
Demo account No

Coinbase review

Top 10 fiat to crypto exchanges, reviewed

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We found 24 crypto platforms for users based in

1. eToro. Best for beginners, copy-trading & demo-account

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4.5
Ratings

€100

Min. deposit

0% commission

Fees

50

No. assets

Yes

Demo account

Overview

We love eToro because it’s a trading platform built with beginners and casual traders in mind. The platform combines an interactive, social trading experience with an easy-to-use interface, making it ideal for novice traders.

The far-reaching catalog of more than 5,500 stocks and ETFs includes big names like Apple and Tesla, as well as smaller companies with high growth potential. You can start trading with as little as $10 using fractional shares if you’re on a tight budget.

One feature we particularly appreciate is the ability to interact with eToro’s 35 million users on any asset, market, or portfolio page. If you find traders whose strategies match your risk tolerance, you can copy their portfolios automatically using eToro’s flagship copy trading functionality. This is a great way to learn and potentially benefit from the expertise of more experienced traders.

If you don’t feel comfortable investing your cash straight away, you can use a free demo account, credited with $100,000 virtual dollars. This offers plenty of opportunities to try out a trading strategy that works for you across stocks, crypto, and options trading markets.

Highlights

Fees & Costs

Pros & Cons

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

2. Plus500. Best for international trading*

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4.5
Ratings

€100

Min. deposit

From 0.8%

Fees

2,800

No. assets

Yes

Demo account

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to futures contracts for some of the biggest indices.

Plus500 has something for all types of traders, no matter what level of experience. Its low margin requirements (starting at $100) and different contracts make it a top choice for day traders. At the same time, its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: Plus500 charges a commission of $0.49 per Micro contract and $0.89 per Standard contract (per side). There is an Auto-Liquidation fee of $10 per contract. Other exchange fees may be applicable and can be found on the CME group website. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Fees & Costs

Pros & Cons

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3. Coinbase. Best secure trading platform for all types of trader

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4
Ratings

$10

Min. deposit

Up to 0.6%

Fees

200

No. assets

No

Demo account

Overview

We love Coinbase because it’s the leading public crypto platform. Coinbase offers more than 170 cryptocurrencies to trade, a secure wallet to store your coins in, and automatic staking rewards on 10+ cryptos through Coinbase Earn.

Coinbase’s user-friendly platform simplifies the buying, selling, and trading processes, making it one of the top crypto exchanges for all levels of trader. But, Coinbase isn’t just an easy to use platform, it’s one of the safest and most secure. 

A public company brings transparency and renown, so you can trust that any money on Coinbase is safe and you’re sharing the platform with over 100 million other users. It stores 98% of customer assets offline in cold storage, minimizing the risk of theft. There is also insurance on all cash balances up to $250,000

The fees: Trading fees start from 0.6% but reduce the higher your trading volume. Bank transfer deposits and withdrawals are free, other payment methods may be charged. There is no fee for wallet-to-wallet crypto transactions but you will have to pay blockchain fees. Coinbase charges a 25% fee for its staking services.

Highlights

Fees & Costs

Pros & Cons

4. Kraken: Best for simple, global cryptocurrency trading from your phone

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4
Ratings

$10

Min. deposit

0.10% - 0.26% (volume dependent)

Fees

200

No. assets

Yes

Demo account

Overview

We love Kraken because it’s a beginner-friendly crypto trading platform, one that’s designed to make it quick and convenient to buy and sell crypto on the go. The Kraken mobile app provides access to over 200 cryptocurrencies making it one of the most diverse platforms around. 

With an intuitive interface and many advanced features, the Kraken crypto app is suitable for those just starting, or experienced traders wanting to enhance their trading experience. The Kraken mobile app caters to different trading styles and preferences with spot, margin, and futures all available. 

Kraken’s mobile app also supports up to 5:1 leverage allowing you to amplify your position and potentially increase your returns. With such a wide selection of tokens available and a solid range of features and tools, the Kraken app is one of the top cryptocurrency trading platforms while on the go. 

The fees: Kraken charges a fee of between 0-0.26% on every crypto trade. There are no costs to set up an account and no flat trading fees.

Highlights

Fees & Costs

Pros & Cons

5. Uphold. Best for building long term wealth

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4
Ratings

€1

Min. deposit

$0.99

Fees

300

No. assets

Yes

Demo account

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. Uphold is an excellent platform for discovering important new tokens early, making it ideal for investors looking to get in on the ground floor of emerging cryptocurrencies. 

Uphold offers a broad selection of coins, with over 250 tokens available catering to both seasoned and novice crypto traders. The platform regularly adds new assets allowing users to invest in promising projects before they gain mainstream attention. 

Uphold isn’t just a platform for investing early. One of the main advantages of using Uphold is its transparent and competitive fee structure. The platform does not charge for deposits or withdrawals, and trading fees are clearly stated. You can also trade between different asset classes including fiat currencies. 

The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.

Highlights

Fees & Costs

Pros & Cons

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

6. KuCoin. Best social trading altcoin exchange

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4
Ratings

€-

Min. deposit

...

Fees

-

No. assets

No

Demo account

Overview

We love KuCoin because it’s a great place for beginners to trade more than 700 altcoins. Kucoin offers a vast range of cryptocurrencies including all the big names like Bitcoin and Ethereum, together with hundreds of altcoins and newly released tokens. 

The exchange gives you multiple ways to trade and invest in crypto, including spot trading, futures trading, margin trading, and staking. This choice allows you to choose the method that best suits your trading strategies and risk tolerance. 

Kucoin is a top platform for both beginners and experienced traders. Its intuitive interface is easy to get to grips with and its advanced trading features mean even high volume traders can make use of it. Kucoin also offers an earn feature, where you can generate passive income through staking and lending, making it one of the best all round crypto exchanges. 

The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.

Highlights

Pros & Cons

7. Public. Best for AI analysis

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public.com logo
4
Ratings

$20

Min. deposit

Spreads

Fees

9,000

No. assets

No

Demo account

Overview

We love Public because it makes use of cutting-edge AI technology to enhance your trading and investing experience. Public’s AI-powered feature, Public Alpha offers personalized insights and recommendations through its natural language interface in real time. 

Public’s AI technology helps you make more informed decisions by analyzing massive amounts of data and providing actionable insights. These AI-driven insights are easily accessible and give users access to the latest advancements in financial analysis and trading. 

Not only do can you use AI to help your investments, Public is one of the lowest cost brokerage firms out there. You can invest in stocks and ETFs commission free. You can also buy and trade fractional shares and if you want to diversify, you can explore a range of alternative investments including music and film royalties. 

The fees: There are no fees for investing in stocks during regular trading hours in the US – 9.30am-4pm EST. There is a $2.99 fee for trades outside of regular hours. 

Highlights

Fees & Costs

Pros & Cons

Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

8. Paybis. Best crypto platform for choice of payment methods

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Paybis_logo
4
Ratings

€4

Min. deposit

Variable

Fees

90

No. assets

No

Demo account

Overview

We love Paybis because it is one of the simplest crypto platforms to use, making it ideal for both beginners and experienced traders. The intuitive interface makes the process of buying and selling cryptocurrencies smooth, fast, and hassle-free. 

Paybis offers a good selection of coins to buy and sell including popular options like Bitcoin and Ethereum, as well as many altcoins. With such a wide range of tokens, you’ll be able to diversify your portfolio and take advantage of market opportunities very quickly. 

One of the best features of Paybis is its selection of payment options. Not only can you buy Bitcoin with a credit or debit card using USD, but you can also choose from several payment apps and digital wallets. 

The fees: How much you will pay will depend on the payment option you use. Paybis provides detailed information on the types of fees applied. You can expect competitive rates, with clear outlines of transaction and network fees, before buying or selling.

Highlights

Fees & Costs

Pros & Cons

9. Nexo. Best for earning interest & rewards

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4
Ratings

$-

Min. deposit

...

Fees

-

No. assets

No

Demo account

Overview

We love Nexo because you earn rewards every time you make a purchase. You can trade 60+ cryptocurrencies and earn rewards of up to 0.5% on every transaction, then store your coins on Nexo to build your wealth through passive interest payments.

You can trade on the go from a mobile app and Nexo is designed for simplicity. Every trade is locked in at the rate you see on your screen, so you won’t suffer from price slippage, and it has the added bonus that any crypto held in your account automatically starts to earn interest. 

The fees: Nexo charges a 2% spread on buy and sell transactions. There are no fees for storing coins in your Nexo account. Depending on your loyalty tier, you receive a fixed number of free withdrawals, and any additional withdrawals will be charged a network fee. 

Highlights

Pros & Cons

10. OKX. Best for futures and margin trading

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4
Ratings

$-

Min. deposit

...

Fees

-

No. assets

No

Demo account

Overview

We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools. 

From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.

The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.

Highlights

Pros & Cons

What are fiat to crypto exchanges?

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It’s an exchange that allows you to convert your fiat currency into cryptocurrency. Fiat-to-crypto exchanges let you use traditional payment methods like debit cards, bank transfers,  or e-wallets, to buy cryptocurrencies. Many of these exchanges also make it possible to exchange crypto for crypto. 

How do fiat to crypto exchanges work?

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Fiat-to-crypto exchanges work much like a brokerage platform, although there are a few key differences. With a fiat-to-crypto exchange, you buy cryptocurrency from the exchange itself instead of how a brokerage platform connects buyers and sellers. A fiat-to-crypto exchange buys cryptocurrency in large amounts and stores it before selling it to users. 

Using a fiat-to-crypto exchange is very simple. You must create and verify your account and deposit funds using fiat currency before making your purchase. You can then store your crypto in a wallet on the exchange or send it to a wallet address of your choice. Once you have bought your crypto, you may be able to exchange it for other cryptocurrencies, although this will depend on the platform you are using. 

When using a fiat-to-crypto exchange you will also be able to exchange your crypto back into fiat currency. So, if you’ve bought some Bitcoin using your debit card, you can use the exchange to convert your BTC back into fiat. You can then withdraw your funds back to your original payment source. 

What is the difference between an off-ramp and an on-ramp?

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An on-ramp refers to the process of converting fiat currency (traditional currency) into crypto assets or digital assets. It involves depositing fiat money from your bank account, credit or debit cards, or other payment methods into a cryptocurrency exchange. 

This allows you to purchase cryptocurrencies on the exchange platform and participate in fiat to crypto trading.

On the other hand, an off-ramp is the reverse process of converting your crypto assets back into fiat currency. It involves withdrawing your digital asset holdings from a cryptocurrency exchange or other exchanges and transferring them to your bank account or receiving them in the form of fiat money.

Both on-ramps and off-ramps are essential services offered by the best crypto exchanges to facilitate the movement of funds between traditional financial systems and the cryptocurrency ecosystem. 

These processes typically involve transaction fees and require robust security measures and regulatory compliance from the reliable exchange to protect users’ funds during the conversion of fiat deposits and crypto assets.

How to use a fiat to crypto exchange

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You can follow the steps below to learn how to use fiat to crypto exchanges. 

Step 1. Create an account

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The first step you’ll need to take if you want to convert fiat to crypto is to create an account. Use any of the recommendations we’ve provided above and follow the on screen instructions to register and create your account.

Step 2. Verify your account

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Almost all fiat to crypto exchanges will require you to verify your identity which means you’ll have to pass KYC checks before proceeding. Usually this mean sending a copy of your identification document and proof of address.

Step 3. Deposit funds

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Once your account is opened and verified, you can make a deposit. Head to the payment page on your chosen exchange and select the method of payment you want to use before depositing money into your account.

Step 4. Convert your fiat to crypto

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Some platforms offer a couple of ways you can convert your fiat to crypto. Usually there’s an instant option, which is generally the fastest and lets you buy crypto instantly. You can also exchange via the spot market, which might be a little slower, but is generally cheaper so you’ll get the most value using this method.

 

How should I choose a fiat to crypto exchange?

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When choosing a fiat-to-crypto exchange, you should consider a few features, including security, fees, and payment methods. Here’s a list of key features you should look out for when choosing a fiat-to-crypto exchange. 

Payment options

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As you’ll be converting fiat into crypto, you should make sure you use an exchange with various payment options. Most exchanges will accept debit cards or bank transfers, but if you want to use another option, such as an e-wallet, you’ll need to choose a platform with that option.

Some exchanges may also charge a fee for depositing or withdrawing fiat currency to and from your account, so be sure to check any applicable charges before going ahead. 

Security and regulation

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A secure platform is crucial when it comes to choosing a fiat-to-crypto exchange. The platform you use should meet industry standards at the very least. If you want even more security, find an exchange that offers 2-factor authentication and lets you hold your coins in an external wallet. 

Many of the best fiat to crypto exchanges are regulated by various authorities across the world. Regulation helps keep you safe when transacting, although not every crypto platform offers this security. Below are the top fiat to crypto exchanges and their regulatory status’.

Region eToro regulators Plus500 regulators Coinbase regulators
Africa FSA
Asia FSA
Australasia ASIC ASIC, FMA
Europe FCA, CySEC FCA, CySEC FCA
International
North America FinCEN NFA
South America
View more > eToro > Plus500 > Coinbase >

Fees

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It can cost anywhere from 0% to around 5% but it depends on the platform you use and the specific transaction method. On exchanges like Binance, conversion fees can be as low as 0% up to 2%.

For example, the cheapest way to convert fiat to crypto on Binance is through its ‘Convert’ feature, where you’ll pay zero fees if you meet the criteria. On other platforms like Coinbase, it costs 1.49% for fiat to crypto conversions. You’ll also have payment method fees such as credit card surcharges.

To help you find the most relevant information, we’ve provided the fees for converting fiat to crypto with the top 3 platforms in your jurisdiction:

Asset eToro fees Plus500 fees Coinbase fees
Crypto 1% From 2% Up to 0.6%
Commodities From 2 pips From 0.04%
Forex From 1 pip
Index prices From 0.75 pts From 0.7%
Stocks 0% commission From 0.08%
Stock CFDs 0.15%
ETF CFDs 0.15%
View more > eToro > Plus500 > Coinbase >

As just mentioned, spreads are charged by all crypto exchanges and something you cannot avoid. Spread is the difference between the buy and sell price. Here’s a look at the typical spreads charged by the top fiat to crypto exchanges in 2025:

Product eToro spreads Plus500 spreads Coinbase spreads
Stock CFDs 0.15% 0.10%
ETF CFDs 0.15% 0.10%
Forex CFDs From 1 pip 0.8 pips
Crypto 1% 0.5%
Index CFDs From 0.75 points 0.20%
Commodity CFDs From 2 pips 0.50%
View all tradable assets > eToro > Plus500 > Coinbase >

Fiat currencies

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For most fiat-to-crypto exchanges, you’ll usually be able to deposit, withdraw, and exchange using common currencies like USD, EUR, and GBP. But if you want to use a less popular option, then you may have to make an additional transfer beforehand, which can be expensive. 

If you live in a country where an exchange does not support your local currency, consider finding a platform that allows it. 

Cryptos available

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Make sure that the fiat-to-crypto exchange you sign up with has a selection of cryptocurrencies available. Most exchanges will include the biggest coins like BTC, ETH, and LTC, but if you want to use your fiat to buy a lesser-known crypto, you’ll need to make sure your platform has it available. 

Many of the top fiat to crypto exchanges also offer additional markets. Below, are the number of coins available with the best crypto exchanges for converting fiat to crypto:

Product eToro assets Plus500 assets Coinbase assets
Stock CFDs 3117 1,800+
ETF CFDs 317 100+
Forex CFDs 49 50+
Crypto 73 150+
Index CFDs 20 20+
Commodity CFDs 26 20+
NFTs 100,000 300+
View more > eToro > Plus500 > Coinbase >

Exact figures may vary. NFTs are accessed through Delta, an NFT explorer app which is owned and operated by eToro.

Should I use a fiat to crypto exchange?

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Yes, if you want to buy cryptocurrency using fiat currency, it is necessary to use a fiat-to-crypto exchange. If you’re just beginning with the crypto market, these types of exchanges are the easiest way to get involved. 

The best fiat-to-crypto exchanges have features that are very beginner friendly and fees are generally lower than using more advanced platforms. There are lots of benefits to using a fiat-to-crypto exchange, including security and regulatory protection in some cases. 

What are the risks of using a fiat to crypto exchange?

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The cryptocurrency market is volatile, so the main risk of using a fiat-to-crypto exchange is losing money due to market conditions. Here’s a look at some of the benefits and risks of using these types of exchanges. 

Pros

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  • You can deposit and buy crypto using various fiat currencies
  • Platforms are often very beginner friendly and easy to use
  • A choice of payment options, e.g. Buy BTC with a debit card
  • Some exchanges offer leverage

Cons

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What are the fees for using a fiat to crypto exchange?

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Fees for using a fiat-to-crypto exchange will vary from one platform to another. You may be charged for depositing or withdrawing funds or using certain payment methods such as e-wallets. Other fees that generally apply include commissions, which are charged for facilitating the transaction. Here’s a look at the types of fees you may encounter when using a fiat to crypto trading platform:

Fee eToro fees Plus500 fees Coinbase fees
Trading fees Yes, on certain assets No Yes
Inactivity fees Yes Yes No
Rollover/overnight fees Yes, on CFDs Yes No
Withdrawal fees Yes No Yes
Spreads Yes, on certain assets Yes Yes
Conversion fees Yes, for non-USD currencies Yes Yes
View more > eToro > Plus500 > Coinbase >

Bottom Line

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To effectively participate in the cryptocurrency market and exchange fiat currency for digital assets, you need a reliable cryptocurrency exchange that supports depositing fiat currency. 

Our comprehensive guide has identified the best crypto exchanges that not only allow you to buy and sell cryptocurrencies using major fiat currencies, but also offer robust features like industry-leading security measures to safeguard user funds, relatively low trading fees, and the ability to withdraw funds conveniently.

Reputable fiat exchanges streamline the process of converting your multiple fiat currencies into crypto, providing a crucial bridge between traditional finance and the new world of digital assets.

With competitive fees and top-notch security protocols, these platforms offer a secure and user-friendly way to gain exposure to cryptocurrencies, making them an essential tool for anyone looking to venture into this innovative asset class.

Methodology: How did we choose the best fiat-to-crypto exchanges?

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Our team of cryptocurrency experts were tasked with reviewing the best fiat-to-crypto exchanges and ranking them based on specific criteria. 

Our experts ranked each platform for fees, the signup process, depositing and withdrawing funds, and exchanging fiat for crypto. After carrying out a series of tasks, a final score was given to each platform which determined our list. 

While no platform influenced our final rankings, we may earn a commission if you sign up for a platform on our list. Learn more about how we test, rank and review. 

FAQs

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01

How much is fiat to crypto conversion fee?

02

Can you use fiat on Binance?

03

What is the cheapest way to convert fiat to crypto?

04

Can you use fiat on Coinbase?

05

Is converting crypto to fiat taxable?

06

Are fiat-to-crypto exchanges legal?

07

How long does it take to convert fiat to crypto?


Sources & references

Prash Raval

Prash Raval

Financial Writer

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Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while running an educational service helping novice traders learn the markets. He has a keen interest in micro and small cap stocks....