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9 Best Fiat To Crypto Exchanges In 2022

Updated: Aug 8th, 2022
Kevin Groves
Kevin Groves
9 Best Fiat To Crypto Exchanges In 2022

The first step to owning cryptocurrency is to find a reputable fiat to crypto exchange to convert cash into Bitcoin or other digital coins. We have compared over 100 crypto exchanges and rated the top platforms below. Our assessment is based on assessing the available assets, supported currencies, deposit methods, trading fees, security and more.

Best Fiat To Crypto Exchanges 2022

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

  1. Coinbase (best exchange overall)
  2. Binance (best for low trading fees)
  3. FTX (best for advanced users)
  4. eToro (best for social trading)
  5. Crypto.com (best for mobile app)
  6. CEX.IO (best for beginners)
  7. Coinmama (best for payment options)
  8. Changelly (best for credit cards)
  9. ChangeNOW (best for instant swaps)

Top Fiat-to-Crypto Exchanges - Reviewed

1. Coinbase - Overall Best Fiat-to-Crypto Exchange

Coinbase is the most popular crypto exchange in the world that is available in over 100 countries. Founded in June of 2012, Coinbase is a digital currency wallet and trading platform where merchants and consumers can transact with new digital currencies like Bitcoin, Ethereum, and Litecoin. 

Coinbase is one of the best exchanges for crypto as it has revolutionized the digital currency environment by providing a simple and easy-to-use platform for individuals and institutions to buy, trade, store and sell digital assets such as Bitcoin, Ethereum, XRP, Litecoin, Shiba Inu and 250+ other coins. The overall experience is quick and easy to track a crypto portfolio and monitor live prices.

The onboarding process is simple and is undoubtedly one of the best ways of buying Bitcoin with its variety of payment methods for different fiat currencies such as USD, GBP, EUR and AUD. Funds can be allocated to a trading account using a bank account, credit card and debit card. The fees are quite expensive at 3.99% for using a debit card, however, funds that are stored with Coinbase are covered by an insurance policy.

coinbase websitecoinbase website

The only negative with Coinbase is the fees which start from 0.5% per buy and sell transaction back to fiat. There are discounts available for higher trading volumes but this may not be applicable to new or beginner investors with a small amount of fiat to spend. There is the option of using the advanced Coinbase Pro platform to access fees of 0.6% for makers and 0.4% for makers. In addition, there are additional payment fees such as USD 10 and USD 25 for deposits and withdrawals using a wire transfer.

2. Binance - Best Exchange For Low Trading Fees

Binance is a great fiat to cryptocurrency exchange that is filled with features that will suit a broad range of investors and traders alike. For beginners and serious crypto traders, the offering of products and services on Binance is second to none. Binance offers one of the largest selections of cryptos that can be bought with 60+ fiat currencies including 391 supported coins at the time of writing. The platform is super beginner-friendly, easy to use and offers a massive range of cryptocurrency pairs, innovative products, features, competitive fees and responsive customer support.

HedgewithCrypto Score
HedgewithCrypto Score
4.8/5Our ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
StarStarStarStarEmpty Star
Trading Fees:0.1%
Country:Global (USA allowed)
Currency:AUD, USD, EUR, GBP, SGD & UGX
Promotion:20% off trading fees
Ease of useStarStarStarStarEmpty Star
ReputationStarStarStarStarStar
Deposit methodsStarStarStarStarEmpty Star
FeesStarStarStarStarStar

Since its inception in 2017, Binance has become the largest cryptocurrency exchange in the world by trade volume. Binance has attracted millions of users in multiple countries across the world and is often applauded for being one of the best trading apps for crypto. The exchange is also featured in advertising campaigns all over the world to attract new users to its platform.

The fees on Binance for converting fiat to crypto range between 0% and 0.1% which is excellent value for money. There is even a further discount of 25% for staking BNB tokens or increasing trading volume.

Another reason to consider Binance is the financial services and features that can be used after purchase to get the most out of an investment. Binance Earn is the finance section of the website that lets investors earn interest on deposits. In fact, Binance is one of the best crypto yield platforms due to its wide selection of coins and high-interest products such as savings accounts, DeFi farms, yield and staking pools and even cloud mining.

binance websitebinance website

To round off why Binance is one of the top crypto to fiat exchanges is its mobile app. Available for both iOS and Android devices, the Binance app is packed with all of the features available on the desktop version. This includes creating an account, completing ID verification, depositing fiat currency, buying crypto, and tracking and monitoring the prices of each trade. Overall, Binance is a recommended exchange to buy crypto.

3. FTX - Best For Advanced Crypto Traders

FTX is a massively popular crypto provider in the world that is widely rated as one of the best crypto margin platforms. For serious crypto traders and high net worth individuals, FTX is the go-to destination with a huge list of supported cryptocurrencies and markets. Given the success of its derivatives and options products, FTX recently introduced a spot exchange for its customers to purchase crypto and stablecoins directly on the platform.

HedgewithCrypto Score
HedgewithCrypto Score
4.7/5Our ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
StarStarStarStarEmpty Star
Trading Fees:0.02% / 0.07%
Country:Global (USA allowed via FTX.US)
Currency:Crypto & 13 fiat currencies
Promotion:5% off trading fees
Ease of useStarStarStarStarEmpty Star
ReputationStarStarStarStarStar
Deposit methodsStarStarStarStarEmpty Star
FeesStarStarStarStarEmpty Star
Visit FTXRead our full FTX Review

Customers can fund an account with fiat currency using a debit/credit card or a wire transfer. The maximum daily limit for credit cards is $2,999 and is automatically converted to USD. The fees for credit card transactions are 3% which is a little high, however, the benefit is the funds arrive near-instantly and can be used for trading immediately on the FTX spot exchange. Wire transfers have no fees but can take several days for the money to clear and arrive in the FTX account.

FTX websiteFTX website

In a short amount of time, FTX spot trading market has surged to the top in terms of trading volume and is a suitable alternative platform to Binance and Coinbase. The advantage of converting fiat to crypto with FTX is the ability to access a broad range of products and services. The features are better suited to advanced traders that have experience with investing and trading crypto. In short, FTX is a great option to buy crypto and hold on the exchange to benefit from the variety of products and services such as margin trading, cryptocurrency staking and the NFT marketplace. It also happens to be one of the best-rated day trading platforms for crypto due to its wide selection of markets.

4. eToro - Best For Social Trading

eToro is a global financial brokerage that provides financial trading and investing platform that includes a variety of markets such as Crypto, ETFs, Stocks, Indices, Commodities and Forex. Etoro was established in 2007 and has grown into a popular online fiat to crypto platform that is highly visual, intuitive and beginner-friendly. The broker is used by millions of investors and traders across multiple jurisdictions in the world.

HedgewithCrypto Score
HedgewithCrypto Score
4.6/5Our ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
StarStarStarStarEmpty Star
Trading Fees:1%
Country:Global (USA allowed)
Currency:USD, GBP, EUR, AUD
Promotion:None available at this time
Ease of useStarStarStarStarEmpty Star
ReputationStarStarStarStarEmpty Star
Deposit methodsStarStarStarStarEmpty Star
FeesStarStarStarStarEmpty Star
Visit eToro

Disclaimer: 68% of retail CFD accounts lose money

Read our full eToro Review

The exchange supports a wide range of fiat payment options including credit/debit card, PayPal, Skrill, Wire Transfer, WebMoney, WeChat, UnionPay and others depending on the user's location. eToro does not charge a deposit fee. However, there is a $5 fee for withdrawals in which the minimum withdrawal amount is $50.

There are traditional assets and 94 cryptocurrency pairs that can be traded against altcoins or fiat currencies. Investors in the US and the UK can purchase the actual crypto-asset whereas investors in other regions such as Europe and Australia can buy CFDs with fiat currency only.

etoro websiteetoro website

eToro is a leading social trading platform that offers cryptocurrency, stocks and CFD trading. Users on the platform can connect with like-minded traders and join a community to discuss trading strategies or automatically copy-trade successful traders and portfolios.

In addition, eToro offers a crypto staking platform for individuals to get the most out of their crypto investments. Once the investors has bought crypto, they can store it on the eToro platform to earn staking rewards. Some of the supported coins for staking include Cardano (ADA), Tron (TRX) and Ethereum 2.0 (ETH2.0). Users can automatically earn up to 90% of the staking rewards depending on their account level.

Lastly, eToro charges a flat 1% fee for buying and selling cryptocurrency with fiat money. This fee is in addition to the spread which can vary for each of the supported crypto-assets. In comparison to other crypto exchanges, the eToro fee is a little higher compared to Binance and Coinbase but makes this list of the best fiat to crypto exchanges due to its ease of use and social trading.

5. Crypto.com - Best Fiat to Crypto Mobile App

Crypto.com is a digital asset platform that offers several cryptocurrency products and services in an effort to increase the adoption of crypto on a global scale. With over 10 million users on its platform, Crypto.com is a powerful alternative to traditional financial services that makes it easier to obtain cryptocurrencies using its mobile app. The Crypto.com App can be used to buy, sell, trade, store, earn, loan cash and spend crypto on its debit card.

HedgewithCrypto Score
HedgewithCrypto Score
4.5/5Our ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
StarStarStarStarEmpty Star
Trading Fees:None (3.5% surcharge for credit card)
Country:Global (USA Allowed)
Currency:USD, EUR, GBP, AUD and 16 others
Promotion:None available at this time
Ease of useStarStarStarStarEmpty Star
ReputationStarStarStarStarEmpty Star
Deposit methodsStarStarStarStarEmpty Star
FeesStarStarStarStarEmpty Star

Crypto.com App is available for Android and iOS mobile devices and provides and makes it easy to purchase crypto. The app is available worldwide to purchase cryptocurrency using a debit card or credit card including US residents. Accepted countries include the USA, Australia, Singapore, the UK and several jurisdictions within Europe.

The reason the Crypto.com App is a top exchange for buying crypto is buying and selling over 250 cryptos at true cost. For those looking to buy crypto with no fees, this is the app to use which is available in over 100 countries worldwide using 20+ fiat currencies. The most common methods to deposit fiat include bank transfers and credit/debit cards which have 0% fees at the time of writing.

Buy crypto with fiat at true cost on Crypto.comBuy crypto with fiat at true cost on Crypto.com

Similar to Binance, Crypto.com App is highly visual and easy to use which makes it suitable for all crypto investors to access, manage, and view funds at any time. Moreover, investors can deposit their crypto holdings to automatically accrue interest. To this point, Crypto.com is highly regarded as one of the best places to earn interest on crypto with up to 6% P.A on Bitcoin, Ethereum and 10% on stablecoins such as Tether and USD Coin. The rewards are paid weekly directly into the user's wallet.

In short, Crypto.com App is a legitimate platform for mobile devices that allows investors all around the world to easily and securely obtain cryptocurrencies such as Bitcoin and Ethereum with a debit/credit card.

6. CEX.IO - Top Fiat to Crypto Platform For Beginners

CEX.IO was established in 2013 and is one of the oldest cryptocurrency exchanges in the world that is trusted by over 3 million users. It is a world-class exchange that caters to all with its easy-to-use interface, making it ideal for beginners. The exchange provides a multi-level account system that is highly suitable for beginners and astute investors.

HedgewithCrypto Score
HedgewithCrypto Score
4.2/5Our ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
StarStarStarStarEmpty Star
Trading Fees:0.25% / 0.15%
Country:Global (USA allowed)
Currency:USD, GBP, EUR & RUB
Promotion:None available at this time
Ease of useStarStarStarStarEmpty Star
ReputationStarStarStarStarEmpty Star
Deposit methodsStarStarStarStarEmpty Star
FeesStarStarStarStarEmpty Star

Individuals can buy Bitcoins instantly using the website or mobile app which is available on iOS and Android. With its supporting multiple payment methods, including credit cards, debit cards, bank transfers, Skrill and more, CEX.IO is considered to be one of the best platforms for crypto trading.

The exchange offers a wide variety of products and trading tools to buy crypto-assets such as Bitcoin (BTC), Bitcoin Cash (BCH), Cardano (ADA), Ethereum (ETH), XRP, Stellar (XLM), Litecoin (LTC), Tron (TRX), Solana (SOL) and many others.

cex.io websitecex.io website

CEX.IO users have access to several features such as:

  • Quick and easy to purchase and sell crypto
  • Deposit fiat using a credit/debit card, bank transfer and Skrill
  • High liquidity order-book with low spreads
  • Secure wallet using offline cold storage measures
  • Mobile app with the Instant Exchange and Instant Sell services. The latter is unique to the platform which allows users to sell coins instantly withdraw fiat profits to a VISA or Mastercard or to CEX.IO balance
  • Allows residents in the US to buy crypto with credit cards
  • CEX.IO Staking to increase returns by cryptocurrency staking on the exchange

CEX.IO prides itself on stability to provide trouble-free service backed by a system and user account security, safe cold cryptocurrency storage, financial viability, and profound legal compliance. To date, it is a reliable and safe cryptocurrency exchange with no hacked accounts or theft of funds on CEX.IO since its launch.

7. Coinmama - Best For Fiat Deposit Methods

Coinmama provides a fast, safe and easy way to buy digital currency in almost all countries across the globe apart from a select few. The exchange provides the service to buying Bitcoin, Ethereum, Cardano and other cryptocurrencies using fiat such as AUD, EUR, USD and GBP and CAD. 

Coinmama is a fiat-to-crypto exchange that allows individuals to buy cryptocurrencies using local fiat currency. The platform accepts a wide variety of deposit methods to buy Bitcoin such as using a VISA or Mastercard credit and debit card, bank transfer, Apple Pay, Credit card/debit cards and SWIFT. 

The user experience on Coinmama has been carefully thought out and is designed to suit all types of individuals with various levels of investing knowledge. The website provides simple options to purchase Bitcoin or another cryptocurrency for a set price or choose the exact amount to spend.

coinmama websitecoinmama website

A great feature of Coinmama is that it is a non-custodial exchange. Brokers such as Coinmama are one of the safest places to buy cryptos such as Bitcoin and Ethereum. This is because the platform does not store any customer's funds or digital assets. Customers are required to provide a wallet address before completing the transaction. Once the payment is provided, the coins are delivered straight to the user's wallet address eliminating the risk of hackers stealing the funds.

Coinmama fees are based on a Bitcoin Index that provides a reference rate for the prices of each supported asset. The purchase fees include a 2% premium on top of the Bitcoin Index price and commission fees up to 3.9% depending on the payment method. For credit card, debit card, prepaid and virtual card payments, there is a 5% surcharge for fixed-rate instant purchases. There are no added fees for bank transfers. The final trade fee is displayed on the screen before the transaction is confirmed.

8. Changelly - Best Fiat To Crypto Exchange For Credit Cards

Changelly is an instant cryptocurrency exchange that allows customers to buy cryptocurrency fast with a bank card. The digital service searches for the best crypto prices available across the largest cryptocurrency exchange platforms such as Binance, Poloniex and Bittrex.

Changelly is one of the most popular trading platforms in the world that offers a transparent, simple, quick and user-friendly interface to buy or exchange cryptocurrencies which is evident on the home page. The simple interface will suit a variety of cryptocurrency investors from beginners to experienced.

The platform is also widely known for its instant crypto-to-crypto service. The popular crypto swap website has gained the trust of users over several years by providing a stable, transparent, fast and user-friendly interface to swap crypto assets quickly to another and also buy crypto with a debit or credit card.

changelly websitechangelly website

Changelly uses a trading algorithm that integrates into some of the largest cryptocurrency exchanges today to aggregate the best crypto rates. When a user selects a trading pair to exchange, the platform will search its liquidity partners to find the best available exchange rates for the selected pair. The conversion rate is locked in until the transaction is confirmed on the blockchain. The nature of the platform allows Changelly users to find the best price across multiple exchanges.

Once the transaction is completed, the assets are transferred directly to the provided wallet address. Changelly provides the infrastructure to support the exchange of coins, however, does not store or keep the assets on its exchange. This provides a safe and secure environment as there is no risk of losing the private keys to Bitcoin or another asset trading on the platform.

9. ChangeNOW

ChangeNOW is another popular crypto swap platform similar to Changelly that allows the instant exchange one crypto to another. With over 170 different cryptocurrencies on the platform, users are able to trade digital currencies at any time in a safe way as the crypto coins are sent directly to your hardware wallet.

HedgewithCrypto Score
HedgewithCrypto Score
4.2/5Our ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
StarStarStarStarEmpty Star
Trading Fees:From 0.5%
Country:Global (USA not allowed)
Currency:USD, GBP, AUD, NZD, JPY, EUR & others
Promotion:None available at this time
Ease of useStarStarStarStarEmpty Star
ReputationStarStarStarStarEmpty Star
Deposit methodsStarStarStarStarEmpty Star
FeesStarStarStarStarEmpty Star

ChangeNOW provides the best crypto-to-crypto rates by aggregating prices from the world's largest and most popular exchanges (some are mentioned in this article). Once the best price for the particular asset is locked in by the platform, users have a certain amount of time to finalize the trade by depositing funds and the transaction is confirmed on the blockchain.

ChangeNOW has introduced the ability to buy cryptocurrency using a debit card or credit card through their partnership with Simplex. The fees are slightly higher but may be the only purchase method available in your country.

If you intend to use ChangeNOW to purchase digital assets, you will need to complete a KYC process in accordance with financial regulations. To verify your account, the following documents are required:

  • International passport
  • National ID card
  • Driving license
changenow websitechangenow website

List of the Best Fiat To Crypto Exchanges - Compared

We have individually selected and compared the best exchanges to buy cryptocurrency using local fiat currency. Each exchange has been rated according to important aspects such as deposit methods, fees, limits and customer support.

ExchangeCrypto AssetsTrading FeesRatingPromotionWebsiteReview
Coinbase Logo

Coinbase

250+0.5%
RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
4.8/5
StarStarStarStarEmpty Star
$5 BTC bonus (USA only)Visit Coinbase

Coinbase Review
Binance

Binance

600+0.1%
RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
4.8/5
StarStarStarStarEmpty Star
20% off trading feesVisit Binance

Binance Review
FTX

FTX

3190.02% / 0.07%
RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
4.7/5
StarStarStarStarEmpty Star
5% off trading feesVisit FTX

FTX Review
eToro

eToro

70+1%
RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
4.6/5
StarStarStarStarEmpty Star
None available at this timeVisit eToro

Disclaimer: 68% of retail CFD accounts lose money

eToro Review
Crypto.com

Crypto.com

250+None (3.5% surcharge for credit card)
RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
4.5/5
StarStarStarStarEmpty Star
None available at this timeVisit Crypto.com

Crypto.com Review
cex.io logo

CEX.IO

100+0.25% / 0.15%
RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
4.2/5
StarStarStarStarEmpty Star
None available at this timeVisit CEX.IO

CEX.IO Review
changelly logo

Changelly

170+0.25%
RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
4.2/5
StarStarStarStarEmpty Star
None available at this timeVisit Changelly

Changelly Review
coinmamacoinmama

Coinmama

72% to buy
RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
3.9/5
StarStarStarEmpty StarEmpty Star
None available at this timeVisit Coinmama

Coinmama Review

Conclusion

That's a wrap on our list of the best fiat-to-crypto exchanges. Our top-rated pick is Coinbase due to its availability worldwide and support for a wide range of deposit methods and currencies. The fees can be a little high for certain payment methods, however, it is a safe and reputable company to buy, store and sell digital assets.

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Kevin GrovesKevin GrovesKevin Groves

Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. In 2019, he started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world.

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