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9 Best Fiat To Crypto Exchanges

A fiat-to-crypto exchange enables investors to purchase crypto assets using traditional currency. They play a vital role in the cryptocurrency market and selecting the best platform should not be taken lightly.

HedgewithCrypto aims to publish information that is factual and accurate as of the date of publication. For specific information about a cryptocurrency exchange or trading platform please visit that provider’s website. This information is general in nature and is for education purposes only. HedgewithCrypto does not provide financial advice nor does it take into account your personal financial situation. We encourage you to seek financial advice from an independent financial advisor where appropriate and make your own enquiries.

Best Fiat To Crypto Exchanges

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

  1. Binance (best overall fiat-to-crypto gateway)
  2. Kraken (buy crypto with industry-leading security)
  3. ByBit (best for dollar cost averaging bot)
  4. Coinbase (beginner-friendly fiat to crypto exchange)
  5. eToro (fiat exchange with crypto demo investing)
  6. KuCoin (over 700 cryptocurrencies to buy with fiat)
  7. Crypto.com (best for crypto features)
  8. OKX (over 96 fiat currencies)
  9. Bitget (best native token perks)

Comparison of Fiat To Crypto Exchanges

Exchange NameSupported CryptocurrenciesPayment MethodsSpot Trading Fees (Maker / Taker)
Binance385Credit or Debit Card, Bank Transfer, e-Wallet, or Crypto0.1% / 0.1%
Kraken222Bank Transfer, Credit/Debit Card, and Google/Apple Pay0.16% / 0.26%
ByBit355Bank Transfer, Credit/Debit Card0.1% / 0.1%
Coinbase240Credit/Debit Card, Bank Transfer, Google/Apple Pay0.40% / 0.60%
eToro72Bank Transfer, Credit/Debit Card, e-Wallet1% / 1%
KuCoin728Bank Transfer, Credit/Debit Card, e-Wallet0.1% / 0.1%
Crypto.com293Bank Transfer, Credit/Debit Card, PayPal0.075% / 0.075%
OKX370Apple/Google Pay, Credit/Debit Card, Bank Transfer0.08% / 0.1%
Bitget562Credit/Debit Card, Bank Transfer, Google Pay0.1% / 0.1%
Bitfinex188Credit/Debit Card, Bank Transfer0.1% / 0.2%
Bitstamp73Bank Transfer, Credit/Debit Card0.30% / 0.40%

Top Fiat-to-Crypto Exchanges Reviewed

1. Binance

Why we picked it

4.8 / 5
HedgewithCrypto Score We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.

Binance is the most popular crypto exchange and provides access to hundreds of cryptocurrencies and a wide range of crypto-centric features to convert fiat to crypto. These include a simple convert feature, advanced exchange, DCA, or its Peer-to-Peer (P2P) trading platform. Binance is available in a vast number of countries around the world with multiple deposit and withdrawal options making it the most accessible way to invest in crypto with fiat currency. There is even a referral code for new users to start with a $100 USDT bonus.

  • Trading Fees:

    0.1% (spot) and 0.02% / 0.04% (Futures)

  • Currency:

    USD, EUR, GBP, AUD, CAD, +22 Others

  • Country:

    Global (USA allowed via Binance.US)

  • Promotion:

    Up to $100 welcome bonus

For users wanting to add to their cryptocurrency portfolio, Binance lets people deposit money in 25 currencies, including GBP, EUR, and AUD. However, while USD can be used to buy crypto, it's only supported by credit/debit cards or Simplex, which will incur higher trading fees. In total, Binance supports 385 unique crypto coins.

As Binance is licensed in numerous jurisdictions, Know-Your-Customer (KYC) verification is a strict requirement for all users. Binance enables users to buy cryptocurrency with a wide range of payment methods, including a credit or debit card, bank transfer, or e-Wallet (PayPal). While bank transfer deposits typically cost around $1, payments with a bank card incur around a 1.80% fee. Furthermore, specific BTC pairs offer fee-free crypto trading, with other spot transactions having a fee of 0.1% regardless of the amount.

Buying crypto on Binance

Being accessible in most regions worldwide and supporting many payment methods, Binance is our top-rated fiat-to-crypto exchange for international investors looking to buy crypto.

Read our full Binance review.

2. Kraken

Why we picked it

4.8 / 5
HedgewithCrypto Score We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.

Kraken is a well-designed platform and one of the most secure fiat-to-cryptocurrency exchanges available to users. As such, while the platform's fees are fairly high compared to platforms like Crypto.com and Binance, Kraken is an excellent option for investors looking to buy crypto with fiat.

  • Trading Fees:

    0.16% (maker) and 0.26% (taker)

  • Currency:

    USD, GBP, EUR, CAD, CHF, JPY & AUD

  • Country:

    Global (USA Allowed)

  • Promotion:

    None available at this time

Launched in 2011, Kraken is one of the longest-standing cryptocurrency exchanges in the industry and has become a favorite platform for security-focused investors. Kraken prides itself on providing industry-leading security measures, which is likely why the exchange has existed for so long. The company offers cold storage for funds, encryption for sensitive information, and more.

Kraken enables its users to purchase an impressive 222 cryptocurrencies, including Bitcoin, Ethereum, and XRP, using seven fiat currencies: USD, EUR, CAD, AUD, GBP, CHF, and JPY. While Kraken enables users to deposit up to $9,000 without completing the entire KYC process, users wishing to transact higher amounts must verify their identity.

Buying crypto with USD on Kraken

To ensure that the platform will be widely accessible to users, Kraken enables its customers to deposit cryptocurrency and fiat via bank transfer, credit/debit card, and Google/Apple Pay. However, Canadian residents can also deposit funds at Kraken by providing cash in person to a company representative.

Although there are specific payment methods that incur a fee of between $1 and $10 (e.g., Swift, RTGS), every fiat currency supported by Kraken can be deposited for free, which is excellent for maximizing value. However, the exchange does charge fairly high trading fees, with spot purchases costing 0.16% (maker) and 0.26% (taker).

Read our full review on Kraken.

3. ByBit

Why we picked it

4.8 / 5
HedgewithCrypto Score We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.

ByBit is a fiat-to-crypto exchange that provides a streamlined way for people to spot-buy crypto and trade derivative products using leverage on one platform. You can even use a dollar-cost-averaging (DCA) crypto bot to invest progressively without missing any price movements. While the number of fiat-onramp options is not as diverse as Binance, it's an all-in-one platform to buy crypto and divulge the many features on offer.

  • Trading Fees:

    0% (spot), 0.06% / 0.01% (futures)

  • Currency:

    USD, EUR, GBP, AUD, CAD, +125 Others

  • Country:

    Global (USA not allowed)

  • Promotion:

    0% trading fees for 30 days (spot only)

One of the best aspects is the large range of assets on Bybit. There are 355 crypto assets and 535 trading pairs available, making Bybit an alternative platform for trading a diverse range of assets. Furthermore, with support for eight fiat currencies, including USD, EUR, GBP, and RUB, the exchange can be used by investors all across the globe.

Despite offering a specific payment method for each currency, Bybit primarily supports some form of bank transfer payment, meaning that users wishing to deposit via an e-wallet will need to use another platform, like Binance. However, Bybit does support instant buys using a bank card, but with significantly increased spread fees.

One-click buy crypto with fiat on ByBit

While Bybit allows users to deposit and trade crypto without verifying their identity, KYC is a strict requirement for fiat deposits and withdrawals. For the most part, users can deposit via bank transfer to Bybit without paying any fees. However, USD deposits incur a flat $8 charge. However, Bybit offers 0.1% trading fees bringing it on par with Binance.

Read our full review on Bybit.

4. Coinbase

Why we picked it

4.7 / 5
HedgewithCrypto Score We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.

Compared to the other crypto exchanges we've looked at, Coinbase is likely the best option for the general public who wants to buy crypto using fiat without hassle. The overall experience is quick and easy to track a crypto portfolio and monitor live prices.

  • Trading Fees:

    0.4% (maker), 0.6% (taker)

  • Currency:

    USD, GBP, EUR, CAD, SGD, NZD & AUD

  • Country:

    Worldwide

  • Promotion:

    $5 BTC bonus (USA only)

Coinbase was founded in 2012 with the goal of simplifying the investing process and making crypto accessible to the average person. Coinbase is one of the most accessible exchanges for buying crypto with fiat, due to its ease of use. Furthermore, Coinbase rewards users who complete short educational videos and quizzes.

Despite being aimed at the general public and having a strict policy for new coin listings, Coinbase still offers a good range of cryptocurrencies. In total, users can buy and sell 240 digital assets on Coinbase using USD, EUR, and GBP. Moreover, Coinbase is a licensed crypto exchange and, as such, requires users to complete KYC verification before buying crypto with fiat currencies.

Buying Bitcoin on Coinbase

To ensure that its users are not left unable to deposit, Coinbase lets users buy crypto with credit/debit cards, bank transfers, PayPal, and Apple/Google Pay. However, users can only deposit in fiat using bank/wire transfer and PayPal. The other supported payment methods are only available for instant buys.

While transactions on the Coinbase exchange are charged a flat fee of 0.60% (taker) and 0.40% (maker), the company states that other types of purchases are charged a variable fee based on a multitude of factors, including location, payment method, order size, and current market conditions.

Read our full Coinbase review.

5. eToro – Best For Practicing With Demo Account

Why we picked it

4.7 / 5
HedgewithCrypto Score We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.

eToro is a popular trading platform that provides exposure to various financial markets, including crypto, forex, stocks, and commodities, primarily traded as contracts-for-difference (CFDs) (eToro USA LLC does not offer CFDs, only real Crypto assets are available).

Despite being aimed more toward the traditional financial markets, eToro offers 72 digital assets for crypto trading, including blue-chip projects like BTC and smaller cryptos You can deposit in four fiat currencies, USD, GBP, EUR, and AUD which will cater to many investors.

  • Trading Fees:

    1%

  • Currency:

    USD

  • Country:

    Global (USA allowed)

  • Promotion:

    None available at this time

While eToro enables users to trade a vast range of financial products, the platform's trading tools set it apart from other exchanges. Users can practice investing with a $100,000 demo account, perfecting strategies without losing real money. Furthermore, eToro offers copy trading, making it possible to trade.

As eToro deals in traditional financial products and crypto, KYC verification is a strict requirement for new users. Moreover, as eToro is a global platform, it offers a variety of payment methods. Customers can deposit funds to buy crypto with fiat using a credit/debit card, bank transfers, or e-wallet (Skrill, Payoneer). Deposits are free, but withdrawals cost $5.

Buying crypto with eToro

Overall, eToro is a well-rounded trading platform that provides exposure to a substantial range of markets. Furthermore, its crypto copy-trading and demo trading capabilities make it one of the best crypto exchanges for users looking to sharpen their skills.

Read our full eToro review for details.

6. KuCoin

Why we picked it

4.6 / 5
HedgewithCrypto Score We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.

KuCoin provides a significant range of cryptocurrencies that can be bought with fiat currencies. In fact, it's one of the best altcoin exchanges due to its wide range of coins and tokens. Additionally, the crypto-centric features offered by KuCoin mean that it's unlikely a user will need to register with an additional exchange to get their desired features.

  • Trading Fees:

    0.1%

  • Currency:

    USD, GBP, EUR, CNY & 46 others

  • Country:

    Global (USA not allowed)

  • Promotion:

    Up to 500 USDT in bonuses

Aside from being a top exchange to deposit fiat, KuCoin offers a massive list of cryptocurrencies and several useful tools, like its crypto staking platform and trading bots. In our opinion, KuCoin is often overshadowed by larger platforms like Binance, but it offers the most diverse range of crypto assets out of any exchange on our list. Furthermore, KuCoin offers margin trading, crypto lending, and staking, making it a viable option for investors looking for an ‘all-in-one' exchange.

Investors looking to employ trading strategies that involve buying and selling a wide range of assets can do so with ease on KuCoin. The exchange supports an impressive 728 cryptocurrencies that can be purchased using 45 fiat currencies, including USD, GBP, EUR, AUD, CAD, and JPY.

KuCoin instant buy feature

Although it's possible to deposit and trade cryptocurrency on KuCoin without completing verification, users wishing to buy crypto with fiat must verify their identity. As KuCoin caters to worldwide crypto traders, the exchange supports many payment methods, including bank transfer, credit/debit card, Cash App, Zelle, and Skrill. Additionally, KuCoin works with 3rd parties like Simplex to add more payment methods for international investors.

Although KuCoin itself doesn't charge any additional fees for deposits, the third parties it works with often take between 1.5% to 4% in fees. As such, it's essential to consider which payment provider to deposit with when using KuCoin. Trading fees are 0.1% per transaction.

Read our full review on KuCoin.

7. Crypto.com

Why we picked it

4.2 / 5
HedgewithCrypto Score We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.

We picked Crypto.com as it is one of the world's top fiat-to-crypto exchanges. Crypto.com is a viable option as an all-in-one fiat-to-crypto gateway.

  • Trading Fees:

    0.075%

  • Currency:

    AUD, CAD, EUR, GBP, USD, BRL, and TRY

  • Country:

    Global (USA Allowed)

  • Promotion:

    None available at this time

Crypto.com has become one of the world's most popular exchanges since launching in 2016 and offers an impressive suite of features designed to streamline the crypto investing experience (particularly for beginners). While most exchanges specialize in a particular area, Crypto.com is an all-in-one platform. With the company offering a mobile app, trading bots, staking, lending, and even a crypto-based Visa debit card to spend crypto, Crypto.com is one of the most versatile crypto platforms available and is used by more than 50 million users worldwide.

ADA interest rates with Crypto.com

Being a very diverse platform, Crypto.com naturally supports many cryptocurrencies, with a total of 293 unique coins available. Furthermore, the exchange enables users to deposit in 25 fiat currencies, including USD, EUR, GBP, and CAD, making it a very accessible platform to buy and even sell crypto back to cash. However, new investors will need to complete KYC verification. With Crypto.com operating worldwide, the platform lets users deposit several payment methods, including bank transfers, credit or debit cards, and PayPal.

Crypto.com is split into a mobile app and an exchange. While transactions on the exchange cost 0.075%, fees on the app can range from 1.49% to 4%.

Read our full Crypto.com review.

8. OKX

Why we picked it

4.4 / 5
HedgewithCrypto Score We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.

OKX is a well-designed exchange that provides a way for investors to buy crypto with almost every fiat currency. However, with its fees, OKX can be used for lesser-accepted currencies.

  • Trading Fees:

    0.08% (maker) / 0.10% (taker)

  • Currency:

    USD, EUR, GBP, KRW, JPY, RUB, TRY, USH, CAD, AUD & 20 others

  • Country:

    Global (USA not allowed)

  • Promotion:

    None available at this time

OKX, formally known as OkEx, is a cryptocurrency exchange that has quickly become a worthy alternative to mainstream platforms like Binance, Crypto.com, and Coinbase, thanks to its accessibility and range of features. While its trading bots, copy trading, margin, and derivatives trading platform are a big draw to OKX, its support for over 90 fiat currencies makes OKX an attractive option for international investors.

On top of enabling users to buy crypto with 96 traditional currencies, OKX has 370 cryptocurrencies comprising big and small-cap coins, ensuring that users will never have to migrate to another fiat/crypto exchange to buy a particular asset.

OKX instant buying feature with fiat

Investors can deposit crypto or buy digital currencies with a credit or debit card without completing KYC verification on OKX. For other payment methods, OKX uses third-party payment providers that charge additional fees. However, users can buy crypto with Apple Pay, a credit/debit card, an e-wallet, or a wire transfer. Furthermore, OKX features a P2P market, enabling users to buy crypto from each other, significantly improving accessibility.

On average, card payments incurred a 3% to 4% fee, making it one of the most expensive platforms we've reviewed. However, trading on OKX will incur 0.08% (maker) and 0.1% (taker) on spot purchases.

Read our full OKX review.

9. Bitget

Why we picked it

4.1 / 5
HedgewithCrypto Score We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against.

Despite being a lesser-known crypto trading platform, Bitget also serves as a platform to buy crypto with fiat. Bitget is straightforward to use and features a well-designed platform with 562 cryptocurrencies and 59 fiat currencies supported, including USD, EUR, GBP, and AUD. Although Bitget allows users to deposit and trade crypto without completing verification, users wishing to buy via credit card or bank transfer must complete KYC.

  • Trading Fees:

    Spot: 0.1%, Futures: (0.02% maker & 0.06% taker)

  • Currency:

    USD

  • Country:

    Global (USA allowed)

  • Promotion:

    None available at this time

Bitget enables users to buy crypto with many different payment methods, including credit/debit cards, bank transfers, and Google Pay. Additionally, users can buy and sell cryptocurrency in a P2P fashion to acquire better deals. While Bitget offers free purchases via bank deposit for GBP, EUR, and BRL, customers wishing to buy crypto with a card will have to deal with high fees from payment processors like Simplex. Furthermore, for spot rates, Bitget charges 0.1%.

Despite Bitget offering limited native payment method options, the zero-fee bank deposits are excellent for users residing in the UK or Europe. Furthermore, with many staking products available, users can passively increase their holdings with ease, making Bitget an excellent platform for long-term investors.

Read our full Bitget review.

What is Fiat Currency?

The term ‘fiat currency' is often thrown about when discussing cryptocurrency, but what does it mean? In short, fiat currencies are traditional government-issued currencies such as GBP, USD, or EUR. However, while most crypto enthusiasts use the term to represent any conventional currency, fiat technically only refers to currencies backed by a government rather than a commodity, like gold.

Do You Need KYC To Buy Crypto With Fiat?

With regulatory requirements for crypto exchanges getting stricter by the day, the vast majority of platforms will require users to complete a KYC crypto verification process before depositing fiat currency. However, while there are a few platforms that enable users to buy crypto with fiat without completing verification, investors should approach them with caution as they tend to have low limits and more risk of being shut down.

What to Look for in a Fiat to Crypto Exchange?

When selecting the best fiat-to-crypto exchange, it's essential to consider its core aspects.

  • Fees. Arguably, the most crucial aspect of an exchange is the fees it charges. The fees are a crucial component of how crypto exchanges work and charge their customers. While some platforms offer free fiat deposits and withdrawals, while others charge substantial fees, particularly for payment methods like wire transfers. Furthermore, it's important to consider trading fees as they can quickly eat into potential profits.
  • Supported assets. Every crypto exchange is different. As such, it's vital to double-check which assets are available before depositing to avoid trapping funds in a platform that doesn't even offer the crypto an investor wishes to buy.
  • Supported payment methods. Having access to a varied range of payment methods is essential when selecting an exchange. Typically, it's best to look for a platform that offers at least two payment methods for the user's desired currency, as this helps to mitigate the chances of being unable to deposit due to maintenance or other downtimes.
  • Supported fiat currencies. An especially crucial consideration for international investors is checking which fiat currencies are natively supported by a platform, as this helps to avoid any unexpected fees for things like currency conversions, for which many banks charge substantial fees.

Frequently Asked Questions

What Does Fiat Mean in Crypto?

In cryptocurrency, fiat currency refers to any traditional, non-digital currency. For example, the US Dollar (USD), Great British Pound (GBP), and Euro (EUR) are all examples of fiat currency.

Can you Convert Fiat to Crypto Instantly?

Most exchanges will allow users to instantly trade fiat for crypto if it's already deposited on the platform. Although, due to payment processing times, there can be a delay when depositing fiat currency using payment methods like wire transfers. However, some companies offer instant buys with a bank card, but they usually incur steep fees.

How Can I Convert Fiat to Crypto?

The process of converting fiat to crypto is simple. All a user needs to do is register with an exchange, verify their account, and deposit to the platform. After doing so, it's possible to acquire crypto with a fiat currency near-effortlessly.

Conclusion

Throughout our guide on the best fiat-to-crypto exchange, we've reviewed 11 of the best platforms, discussing the fees, supported cryptos, and payment methods offered by each, as well as the type of investor each is best suited to. While each of the exchanges we've reviewed has its merits, Binance presented itself as the best platform for buying crypto with fiat thanks to its huge range of features, assets, and payment methods.

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